The Contribution of Russia’s IT Sector to the Economy Reaches 6% of GDP
Russia’s IT industry continues to grow at a rapid pace, delivering strong returns on public investment and emerging as one of the country’s most dynamic economic sectors.
Dmitry Grigorenko, Deputy Prime Minister and Chief of Staff of the Russian Government, announced in an interview with the Russia-24 TV channel that the IT sector’s share in the national economy has increased, with accredited IT companies now contributing around 6 percent to the country’s gross domestic product.
He emphasized the high efficiency of public investment: for every ruble the government allocates in support measures, two rubles return to the national budget. According to Grigorenko, the IT sector is one of the most rapidly developing industries in Russia, with annual revenue growth of 20 to 25 percent.
Technological Leadership as a National Objective
Russian IT companies benefit from a wide array of incentives, including reduced insurance premiums, VAT exemptions for domestic software developers, lower profit tax rates, and targeted support for specialists.
This year, technological leadership was designated as one of Russia’s national development goals. Clear targets have been set through 2030 in areas such as science, technology, and IT infrastructure development across six strategic directions. Approximately about $33 billion have been allocated in the federal budget to support these initiatives.
