Northwestern Economic Region
Northwestern economic region (Russian: Се́веро-За́падный экономи́ческий райо́н; tr.: Severo-Zapadny ekonomichesky rayon) is one of twelve economic regions of Russia.
Composition
- Leningrad Oblast
- Novgorod Oblast
- Pskov Oblast
- federal city of St. Petersburg
Socio-economic indicators
With its Baltic port and proximity to Finland, this region and its chief city St. Petersburg have always been a Russian window on the west. Its history is very different from that of Moscow and other parts of the Russian Federation. This is reflected in the positive outlook of many residents. The evaluation of the current economy is unusually high by Russian standards, and so to is the expectation of life improving. The region is also a magnet for student seeking higher education.
While nominal income is well below the national average, to a significant extent this is compensated by the fact that the likelihood being paid is well above the national average. Moreover, those finding life bearable are also well above the national average. [1]