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Development of the Service Sector in Russia

Author

Listed:
  • Maria Viktorovna SELIVANOVA

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

Òhe article examines the current trends in the service sector in Russia. The importance of service sector development in conditions of digitalization and the growing need to enhance import substitution is highlighted. Based on the statistical analysis, the estimates of structural shift s in economy are provided, and the dynamics of different service sector activities are described. The prospects for the service sector, which provides stable employment for about two-thirds of the labour force, are also analyzed from the perspective of the labour market. In the face of current challenges the role of the service sector in creating contemporary infrastructural, scientific-technical and human potential of the economy is very important.

Suggested Citation

  • Maria Viktorovna SELIVANOVA, 2024. "Development of the Service Sector in Russia," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 1, pages 118-130, January.
    • Handle: RePEc:alq:rufejo:rfej_2024_01_118-130
    DOI: 10.24412/2072-8042-2024-1-118-130
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    More about this item

    Keywords

    service sector; economic sectors; production structure; employment structure; wage differentiation; socio-economic processes; economy digitalization; transformation;
    All these keywords.

    JEL classification:

    • L80 - Industrial Organization - - Industry Studies: Services - - - General

    Statistics

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