Northwestern Economic Region

Northwestern economic region (Template:Lang-ru; tr.: Severo-Zapadny ekonomichesky rayon) is one of twelve economic regions of Russia.

Northwestern economic region on the map of Russia

Composition

• Leningrad Oblast
• Novgorod Oblast
• Pskov Oblast
• federal city of St. Petersburg

Socio-economic indicators

Northwestern economic region accounted for 5 per cent of the national GRP in 2008. 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 too 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.