Definitions

Urals_economic_region

Urals economic region

Urals economic region (Ура́льский экономи́ческий райо́н; tr.: Uralsky ekonomichesky rayon) is one of twelve economic regions of Russia.

The southern half of the Ural region has been a major center of Russian iron and steel production. A substantial share of Soviet petroleum was produced there, mainly in Bashkortostan. Deposits of iron ore, manganese, and aluminum ore are mined. The major industrial centers are Magnitogorsk, Yekaterinburg, Chelyabinsk, Nizhny Tagil, and Perm. Several freight railroads serve the area, and rivers include the Kama and Belaya in the west and the Ural in the south.

Composition

Socio-economic indicators

As the second most populous region of Russia, the Urals has a large Gross Domestic Product, based primarily on urban economic activity. The GDP per capita is also just above the national average, while the average monthly wage is slightly below average. Indicative of difficulties in the economy there, the proportion with wages paid in full is below the national average.

Privatization has not altered the old Soviet-style industrial structure. The proportion of employees in ex-state enterprises in the Urals is above the national average, while the proportion in new private enterprises created is a quarter below the national average.

References

Search another word or see Urals_economic_regionon Dictionary | Thesaurus |Spanish
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature
FAVORITES
RECENT

;