Investment in Moscow: Investment climate factors

Moscow is the biggest consumer market in Russia and Eastern Europe

Moscow has a population of over 12 million (almost 17 million counting the greater Moscow area), which is 11% of Russia's total population (ranked 15th most populous megacity in the world).

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Global megacity populations in 2016, million

Sources: Demographia World Urban Areas.

Moscow’s consumer expenditure in 2015 (RUB 10.1 trn, or USD 165 bn at the CBR’s average annual exchange rate) was ranked 3rd among European cities, and the city is in the top 20 biggest consumer markets worldwide.

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Consumer expenditure in European cities in 2015, USD bn

Sources: Euromonitor International, Moscow Office of the Federal State Statistics Service.

In 2015, Moscow’s retail trade turnover topped RUB4.3 trn (USD 70 bn), accounting for 16% of all Russian retail trade.

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Moscow’s share in the national retail turnover in 2015, %

Sources: Federal State Statistics Service, estimates of Moscow City Investment Agency.

High personal income

The per capita income in Moscow in 2015 was around RUB59.6 thousand /m (USD 971 at the CRB’s average annual exchange rate) vs. the national average of about RUB 30 thousand (USD 493).

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Per capita income in 2015, USD*/m

*At the CBR’s average annual exchange rate
Sources: Federal State Statistics Service.

Personal deposits in Moscow’s lending institutions as of 1 October 2016 totalled around RUB 680 thousand (USD 11 thousand) per capita.

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Personal deposits per capita, end of period, ‘000 RUB

Sources: CBR, estimates of Moscow City Investment Agency.

Sustainable effective demand

The Moscow populations’ expenditure has been growing sustainably at an average annual rate of around 9% over the last five years.

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Moscow population cash expenditure, RUB trn

Sources: Moscow Office of the Federal State Statistics Service.

Moscow’s population has a relatively low level of credit exposure: on 1 October 2016, the personal loan-to-deposit ratio was less than 15%.

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Personal loan-to-deposit ratio, as of 1 October 2016, %

Sources: CBR, estimates of Moscow City Investment Agency.

Global megacity populations in 2016, million

Sources: Demographia World Urban Areas.

Consumer expenditure in European cities in 2015, USD bn

Sources: Euromonitor International, Moscow Office of the Federal State Statistics Service.

Moscow’s share in the national retail turnover in 2015, %

Sources: Federal State Statistics Service, estimates of Moscow City Investment Agency.

Per capita income in 2015, USD*/m

*At the CBR’s average annual exchange rate
Sources: Federal State Statistics Service.

Personal deposits per capita, end of period, ‘000 RUB

Sources: CBR, estimates of Moscow City Investment Agency.

Moscow population cash expenditure, RUB trn

Sources: Moscow Office of the Federal State Statistics Service.

Personal loan-to-deposit ratio, as of 1 October 2016, %

Sources: CBR, estimates of Moscow City Investment Agency.