GROSS REGIONAL PRODUCT

GROSS REGIONAL PRODUCT, the total amount of income generated by the Regions economy in the process of production. It consists of the amounts of wages, profits, social insurance contributions, depreciation allowances, indirect taxes (less subsidies). The structure of the G.r.p. consists of the production of goods, services and net taxes on products. Since 1992, the calculation of G.r.p. was performed in current basic and market prices by branches of the economy, since 2005 – in basic prices by sections of the general Russian classifier of types of economic activity and by the economy as a whole. In 2015, the nominal volume of produced G.r.p. for the RB, amounted to 1344.4 billion rubles, by 2016 the index of physical volume amounted to 102.9%. By the total volume of production, the RB ranks 10th among the regions of the Russian Federation (2016).