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Economy of Saint Petersburg


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argest construction industry in Russia, including commercial, housing and road construction.

In 2006 Saint Petersburg's city budget was 179.9 billion rubles (about 6.651 billion US$ at 2006 exchange rates), and is planned to double by 2012. The federal subject's gross regional product as of 2005 was 667.905 billion Russian rubles (about 23.611 billion US$ at 2005 exchange rates), ranked 4th in Russia, after Moscow, Tyumen Oblast, and Moscow Oblast, or 145,503.3 rubles per capita (about 5,143.6 US$ at 2005 exchange rates), ranked 12th among Russia's federal subjects, contributed mostly by wholesale and retail trade and repair services (24.7%) as well as processing industry (20.9%) and transportation and telecommunications (15.1%).

Budget revenues of the city in 2009 amounted to 294.3 billion rubles (about 10.044 billion US$ at 2009 exchange rates), expenses � 336.3 billion rubles (about 11.477 billion US$ at 2009 exchange rates). The budget deficit amounted to about 42 billion rubles. (about 1.433 billion US$ at 2009 exchange
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