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Annual average rate of 2007:
1 USD ($ USD) = 29.39 rub.
1 EUR (€) = 41,42 rub.
Currencies exchange rates (as of 11.06.2010):
1 USD ($ USD) = 31.5742 rub.
1 EUR (€) = 38.0217 rub.
15.01.2010
Inflation 0.7% Изм. 0%
Gold and currency reserves 441.4 bln. USD
Oil Brent (ICE) 71.62
USD/ barrel
GDP II квартал 2009 год 9 326,4 bln. Rub.
Exports 24,5 Изм 1,8 bln. USD
Imports 15.5 Изм. 1.6 bln. USD
Fixed asset
investments 01.07.09г. 621,7 Изм. -49.4 bln. Rub.
Consumer price index
(as of 01.8 / 31.08.2009) 100 Изм. 0%
- for food
commodities 99.1 Изм. - 1.5%
- for non-food
products 100.6 Изм. - 0.2%
- for paid services rendered to the population 100.4 Изм. - 0.4%
Forecast rates on
1 USD ($ USD) = rub.
1 EUR (€) = rub.
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Magadan Region
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Area, km2:
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461 400
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Time zone:
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GMT+11
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Administrative center (city):
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Magadan (Магадан)
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Population (inhabitants):
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167,10
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Share of urban population (%):
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94,9
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Gross regional product, 2005 (million rubles):
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29 863.9
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Gross regional product per capita, 2005 (rubles):
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175 619.7
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Fixed capital investment, 2006 (million rubles) :
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5804
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Foreign direct investment, 2006 (thousands USD):
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4316
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Magadan Oblast (Russian: Магада́нская о́бласть, Magadanskaya oblast) is a federal subject of Russia (an oblast) in the Far Eastern Federal District. Its administrative center is the city of Magadan.
The economy is centred on mining interests for gold, silver and other non-ferrous metals. The city of Magadan is the only large industrial centre. The other main contributor to the economy is fishing, particularly for export, with processing companies in Magadan, Ola, Yamsk, and Evensk. Recently, there has been interest in exploiting the coal resources in the region. Over the medium term, there seem to be excellent opportunities for petroleum and natural gas exploitation. Agriculture is not well developed in the region.
Unfortunately, despite these rich natural resources, the economy has not prospered as much as might have been expected in recent years. The severe climate and poorly developed infrastructure are partly to blame but the difficult transition from Soviet times has led to the collapse of a number of companies with the result that many inhabitants have left the region.
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Contact information
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Region's website
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Governor
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Nikolay Nikolayevich Dudov
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Investment projects of the region:
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Back to the list of regions
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