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Economic Situation in the Far Eastern Federal District in 2022

Author

Listed:
  • Olga Mikhailovna Prokapalo

    (Economic Research Institute FEB RAS)

  • Anna Borisovna Bardal

    (Economic Research Institute FEB RAS)

  • Artyom Gennadyevich Isaev

    (Economic Research Institute FEB RAS)

  • Marina Gamilovna Mazitova

    (Economic Research Institute FEB RAS)

Abstract

The socio-economic situation in the Far Eastern Federal District in 2022 is analyzed by main types of economic activity and territorial administrative regions on the basis of operative statistical, analytical and expert information. The paper considers the problems of functioning of the real sector of the economy, social sphere, foreign economic activity in conditions of aggravation of the geopolitical situation and imposition of sanctions. The positive dynamics of investment activity was noted, but its growth rate was lower than the level of 2021. The main volume of investment resources is still accumulated in the Republic of Sakha (Yakutia) and the Amur Oblast, where the implementation of major investment projects in the field of mining, transport, gas chemistry and energy continue. The decline in industrial output in the Far Eastern Federal District was caused by a drop in mining, especially in the Sakhalin Oblast, and a decline in the manufacturing sector. The construction sector of the Far Eastern Federal District demonstrated positive dynamics, connected, among other things, with the expansion of housing construction. But high rates of housing construction in the regions of the Far Eastern Federal District cannot yet compensate for the chronic lag in housing commissioning per capita compared with the average Russian parameters. The transport complex of the Far Eastern Federal District has faced an increase in demand for transportation of foreign trade goods. This aggravated competition for access to the export-import infrastructure (railroads, seaports) with limited carrying capacity, increased shippers’ costs and uncertainty of transportation conditions. The negative impact of various restrictive measures did not affect the structure of Far Eastern Federal District foreign trade. A decrease in the physical volume of exports of fuel and energy products was leveled out by high world prices for energy resources. A decrease in economic activity was substantially influenced by a contraction of the domestic demand against the background of a decline in the population’s real income. The decline in the population, both due to natural decrease and migration outflow, remains an acute problem

Suggested Citation

  • Olga Mikhailovna Prokapalo & Anna Borisovna Bardal & Artyom Gennadyevich Isaev & Marina Gamilovna Mazitova, 2023. "Economic Situation in the Far Eastern Federal District in 2022," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 2, pages 126-168.
    • Handle: RePEc:far:spaeco:y:2023:i:2:p:126-168
    DOI: https://dx.doi.org/10.14530/se.2023.2.126-168
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    More about this item

    Keywords

    sanctions; monitoring; investment; infrastructure; inflation; social sphere; labor market; foreign trade; Far Eastern Federal District;
    All these keywords.

    JEL classification:

    • L19 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Other
    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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