Research and Markets (http://www.researchandmarkets.com/research/da5ef2/russia_retail_repo) has announced the addition of the "Russia Retail Report Q3 2011" report to their offering.
The Russia Retail Report provides industry professionals and strategists, corporate analysts, retail associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Russia's retail industry.
The Q311 Russia Retail report forecasts that the country's total retail sales will increase by more than 24% in local currency terms by 2015, growing from a projected RUB15.39trn (US$619.16bn) in 2011 to RUB19.09trn (US$768.11bn). Rising disposable incomes, an expanding middle class and rising levels of credit penetration are key factors behind retail market expansion. Accelerating foreign direct investment (FDI) has allowed retailers to make significant inroads into the market, contributing to forecast annual average retail sales growth of 5.8% in local currency terms.
Russia's nominal GDP is predicted to be US$1,727bn in 2011, with growth of 4.6% expected, up from 4.0% in 2010. Average annual GDP growth of 4.5% is forecast by BMI between 2011 and 2015. Although the population is forecast to decrease, from 141.2mn in 2011 to an estimated 139.0mn by 2015, GDP per capita is predicted to rise more than 84% by the end of the forecast period, reaching US$22,520. The country's large population - and the affluent urban population of Moscow in particular - is providing a solid base for the expansion of the retail market. Russia has 13 cities with more than 1mn people and consumers are increasingly looking to modern retail outlets for aspirational purchases.
Read more inside Russia Retail Report Q3 2011
Key Topics Covered:
- Executive Summary
- SWOT Analysis
- Business Environment Outlook
- Market Overview
- Industry Forecast Scenario
- Mass Grocery Retail
- Consumer Electronics
- Automotives
- Production And Sales
- Country Snapshot: Russia Demographic Data
- Methodology
For more information visit http://www.researchandmarkets.com/research/da5ef2/russia_retail_repo
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Research and Markets
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