Novosibirsk Region - Gross regional product at current prices

1,252,258,716 (thousand rubles) in 2018

In 2018, GRP for Novosibirsk Region was 1,252 million thousand rubles. GRP of Novosibirsk Region increased from 1,046 million thousand rubles in 2016 to 1,252 million thousand rubles in 2018 growing at an average annual rate of 9.37%.

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 Novosibirsk Region GRP?