Bashkortostan, Republic of - Gross regional product at current prices

1,673,695,804 (thousand rubles) in 2018

In 2018, GRP for Bashkortostan, Republic of was 1,673 million thousand rubles. Between 2016 and 2018, GRP of Bashkortostan, Republic of grew substantially from 1,337 million to 1,673 million thousand rubles rising at an increasing annual rate that reached a maximum of 18.68% in 2018.

The description is composed by our digital data assistant.
What is GRP?

Gross regional product is a monetary measure of the market value for all final goods and services produced in a region or subdivision of a country in a period of time. Value of gross regional product in Russia is not the same as Russian GDP because it excludes value added tax on collective non-market services (defense, governance, and so on) provided by public institutions to society as a whole

What is Bashkortostan, Republic of GRP?