From pouring concrete for countless new homes to laying pipelines across its vast territories, Russia's construction industry is a massive economic engine that contributed 5.8% to the national GDP in 2022 while employing nearly 3 million people and demonstrating resilient growth even amidst global turbulence.
Key Takeaways
- In 2022, the total volume of construction works in Russia amounted to 12.47 trillion rubles, reflecting a 1.6% year-on-year increase.
- Russia's construction sector contributed 5.8% to the national GDP in 2022.
- The construction industry in Russia grew by 2.1% in real terms in 2023.
- Residential construction volume in Russia hit 110 million sqm in 2022.
- Non-residential construction output reached 65 million sqm in 2022.
- Engineering construction works totaled 4.2 trillion rubles in 2022.
- Number of employees in Russian construction sector: 2.9 million in 2022.
- Average monthly wage in construction: 65,000 rubles in 2022.
- Labor productivity in construction: 4.2 million rubles per employee in 2022.
- Total fixed capital investment in construction: 8.5 trillion rubles in 2022.
- Federal budget allocation for construction: 1.2 trillion rubles in 2023.
- Private investment in residential construction: 3.4 trillion rubles in 2022.
- Construction of housing in Moscow region: 20 million sqm commissioned in 2022.
- Federal highways construction length: 5,200 km built in 2022.
- Railway infrastructure investments: 1.5 trillion rubles in 2022.
Russia's construction industry is steadily growing across all sectors and regions.
Economic Indicators
- In 2022, the total volume of construction works in Russia amounted to 12.47 trillion rubles, reflecting a 1.6% year-on-year increase.
- Russia's construction sector contributed 5.8% to the national GDP in 2022.
- The construction industry in Russia grew by 2.1% in real terms in 2023.
- Construction output in Russia reached 7.8% growth in Q4 2022 compared to Q4 2021.
- The value of construction put into operation in Russia was 10.2 trillion rubles in 2022.
- Russia's construction market size was estimated at USD 250 billion in 2023.
- Inflation-adjusted construction growth in Russia stood at 1.2% for 2022.
- The sector's added value in construction was 4.9 trillion rubles in 2021.
- Forecasted CAGR for Russian construction market is 3.5% from 2024-2028.
- Construction industry's share in industrial production was 6.2% in 2022.
- Construction works in 2022 totaled 12.47 trillion rubles with 2.5% growth in residential segment.
- Construction GDP contribution averaged 5.5% from 2018-2022.
- Projected construction growth rate of 4.2% for 2024.
- Q1 2023 construction index: +3.8% y-o-y.
- Capital construction investments grew 7.1% to 9.3 trillion rubles in 2022.
- Market value forecast: USD 280 billion by 2027.
- Real growth excluding small businesses: 1.8% in 2022.
- Sector's share in fixed assets formation: 22% in 2022.
- Annual average growth 2017-2022: 2.9%.
- Construction PMI index averaged 52.3 in 2022 indicating expansion.
- Construction growth in Privolzhsky FD: 5.2% in 2022.
- Construction sector GDP share Q1 2023: 6.1%.
- 2023 full-year growth estimate: 3.2%.
- Construction index Jan 2023: +4.1% y-o-y.
- Repair and maintenance works: 1.5 trillion rubles 2022.
- Market projected at USD 300 billion by 2028.
- Growth adjusted for inflation: 0.9% 2022.
- Construction in total capital investments: 21.5% 2022.
- 5-year CAGR 2018-2023: 3.1%.
- S&P Global Construction PMI Dec 2022: 53.2.
Economic Indicators Interpretation
Despite numerous positive indicators, the Russian construction industry in 2022 was like a building going up at a steady, unspectacular pace, where the reported growth mostly just kept up with the cost of the bricks.
Employment and Workforce
- Number of employees in Russian construction sector: 2.9 million in 2022.
- Average monthly wage in construction: 65,000 rubles in 2022.
- Labor productivity in construction: 4.2 million rubles per employee in 2022.
- Share of migrant workers in construction: 40% in 2022.
- Unemployment rate in construction sector: 2.1% in 2022.
- Number of construction enterprises: 128,000 in 2022.
- Female employment in construction: 15% of total workforce in 2022.
- Training programs for construction workers: 150,000 participants in 2022.
- Average work hours in construction: 192 hours per month in 2022.
- Construction sector vacancy rate: 3.5% in major regions in 2023.
- Construction workforce aged 30-50: 60% in 2022.
- Wage growth in construction: 12% y-o-y to 72,500 rubles avg 2023.
- Productivity growth: 4.5% to 4.4 million rubles/employee in 2022.
- Central Asian migrants: 1.2 million in construction 2022.
- Registered unemployment in sector: 1.8% end-2022.
- Small enterprises (<50 employees): 85,000 in construction 2022.
- Engineers and technicians: 450,000 employed in 2022.
- Vocational training centers: 200 dedicated to construction trades 2022.
- Overtime hours average: 15 hours/month in construction 2022.
- Skill shortage index: 25% for qualified welders in 2023.
- Construction workers under 30: 20% of workforce 2022.
- Nominal wage index: 118% y-o-y 2022.
- Labor productivity per hour: 22,000 rubles 2022.
- Ukrainian migrants in sector: 100,000 in 2022.
- Sector employment growth: 2.3% to 3 million 2022.
- Large enterprises (>250 employees): 1,200 in 2022.
- Blue-collar workers: 2.1 million in construction 2022.
- Apprenticeship programs: 50,000 slots filled 2022.
- Sick leave days average: 8 per worker/year 2022.
- Demand for crane operators: 15,000 vacancies 2023.
Employment and Workforce Interpretation
Despite a sector brimming with nearly three million bodies, growing wages, and suspiciously low unemployment, Russia's construction industry is essentially held together by a glue of migrant labor, frantic overtime, and a desperate shortage of anyone who actually knows how to weld properly.
Infrastructure Projects
- Construction of housing in Moscow region: 20 million sqm commissioned in 2022.
- Federal highways construction length: 5,200 km built in 2022.
- Railway infrastructure investments: 1.5 trillion rubles in 2022.
- Airports modernization projects: 25 airports upgraded in 2022.
- Power plants construction capacity added: 2.5 GW in 2022.
- Water supply systems built: 1,200 km pipelines in 2022.
- Bridge construction: 150 new bridges totaling 25 km in 2022.
- Social infrastructure facilities: 5,000 schools and hospitals built 2018-2022.
- Oil and gas pipelines laid: 3,500 km in 2022.
- St. Petersburg metro extension: 10 km new lines in 2022.
Infrastructure Projects Interpretation
While Moscow's new apartments could theoretically house a small nation, the nation itself is being stitched together with enough new roads, rails, and pipelines to suggest Russia is building a fortress as much as a future.
Investment and Finance
- Total fixed capital investment in construction: 8.5 trillion rubles in 2022.
- Federal budget allocation for construction: 1.2 trillion rubles in 2023.
- Private investment in residential construction: 3.4 trillion rubles in 2022.
- Foreign direct investment in Russian construction: USD 2.5 billion in 2022.
- Bank loans for construction projects: 1.8 trillion rubles in 2022.
- PPP projects in construction: 150 active projects worth 2 trillion rubles in 2023.
- Investment in infrastructure construction: 4.1 trillion rubles in 2022.
- Share of construction in total investments: 18.2% in 2022.
- Corporate investments in non-residential buildings: 1.9 trillion rubles.
- National projects funding for housing: 500 billion rubles in 2022.
- Investment in engineering surveys: 250 billion rubles in 2022.
- Regional budgets for construction: 900 billion rubles 2023.
- Housing mortgage lending: 4.2 trillion rubles in 2022.
- Chinese FDI in construction: USD 1.1 billion 2022.
- Leasing for construction equipment: 300 billion rubles 2022.
- Concession agreements: 50 projects totaling 1.5 trillion rubles.
- Housing renovation program funding: 350 billion rubles 2022.
- Investment growth rate: 6.8% y-o-y in 2022.
- Venture capital in proptech: 50 billion rubles 2022.
- Safe city projects funding: 100 billion rubles nationwide 2022.
- R&D investment in construction tech: 80 billion rubles 2022.
- Local budgets construction allocation: 600 billion rubles 2023.
- Developer equity funding: 2.1 trillion rubles 2022.
- Turkish contractors FDI: USD 800 million 2022.
- Bonds issued for projects: 500 billion rubles 2022.
- ESPO projects value: 800 billion rubles active.
- Arctic zone development funding: 200 billion rubles 2022.
- Total investment index: 107.2% 2022.
- Green building certifications: 20 projects funded 100 bln.
- Digital economy projects in construction: 150 bln rubles.
Investment and Finance Interpretation
The Russian construction industry is a formidable financial ecosystem where the state's deep pockets lay the foundation, private capital builds the walls, and foreign investors—chiefly from the East—tentatively furnish the lobby, all while propping up an astonishing 18% of the nation's total investment with a mix of concrete, rubles, and cautious optimism.
Production and Output
- Residential construction volume in Russia hit 110 million sqm in 2022.
- Non-residential construction output reached 65 million sqm in 2022.
- Engineering construction works totaled 4.2 trillion rubles in 2022.
- Housing commissioning increased by 12.5% to 110.2 million sqm in 2022.
- Production of building materials like cement reached 60.5 million tons in 2022.
- Asphalt production for construction was 52.3 million tons in 2022.
- Volume of linear facilities construction grew 8.7% in 2022.
- Prefabricated housing units produced: 25 million sqm in 2022.
- Total floor space under construction: 120 million sqm as of 2023.
- Commercial real estate construction: 15 million sqm commissioned in 2022.
- Individual housing construction: 45 million sqm in 2022.
- Multi-apartment buildings commissioned: 65 million sqm in 2022.
- Total construction and installation works: 11.2 trillion rubles in 2022.
- Housing starts increased 10% to 95 million sqm in 2022.
- Crushed stone production: 285 million tons for construction in 2022.
- Ready-mix concrete output: 48 million cubic meters in 2022.
- Pipeline construction volume: 2.1 trillion rubles in 2022.
- Monolithic housing share: 55% of total residential in 2022.
- Under-construction commercial space: 30 million sqm mid-2023.
- Industrial facilities commissioned: 8 million sqm in 2022.
- Low-rise housing: 20 million sqm commissioned 2022.
- Total buildings commissioned: 450,000 units 2022.
- Design and estimate documentation cost: 450 billion rubles 2022.
- Housing per capita commissioned: 0.75 sqm in 2022.
- Sand and gravel aggregate: 450 million tons 2022.
- Brick production: 12 billion units for construction 2022.
- Roads construction volume: 1.8 trillion rubles 2022.
- Panel housing production: 15 million sqm 2022.
- Retail space under construction: 2.5 million sqm 2023.
- Warehouses commissioned: 3 million sqm 2022.
Production and Output Interpretation
Despite a year marked by global turmoil, Russia's construction industry laid enough concrete, brick, and asphalt in 2022 to suggest the nation is quite literally building a bunker mentality from the ground up.
Regional Distribution
- Total commissioned housing in Central Federal District: 45 million sqm in 2022.
- Construction volume in Siberian Federal District: 1.8 trillion rubles in 2022.
- Moscow construction output: 25 million sqm housing in 2022.
- Far Eastern Federal District infrastructure spending: 800 billion rubles in 2022.
- Volga Federal District engineering works: 900 billion rubles in 2022.
- Southern Federal District residential commissioning: 15 million sqm in 2022.
- Ural Federal District industrial construction: 500 billion rubles in 2022.
- Northwestern Federal District non-residential: 12 million sqm in 2022.
- North Caucasian Federal District housing growth: 18% in 2022.
- Yamalo-Nenets AO construction: 400 billion rubles in 2022.
- Leningrad Oblast industrial parks: 5 new parks developed 2022.
- Krasnodar Krai housing: 12 million sqm commissioned 2022.
- Sakhalin Island infrastructure: 150 billion rubles invested 2022.
- Tatarstan Republic engineering: 250 billion rubles 2022.
- Rostov Oblast residential growth: 15% in 2022.
- Sverdlovsk Oblast factories: 200 billion rubles construction 2022.
- St. Petersburg commercial space: 4 million sqm 2022.
- Dagestan Federal District pipelines: 300 km laid 2022.
- Tyumen Oblast oil infrastructure: 350 bln rubles 2022.
- Kaluga Oblast factories: 3 new plants 2022.
- Sochi resort construction: 1 million sqm 2022.
- Kamchatka highways: 500 km upgraded 2022.
- Samara Oblast bridges: 20 new spans 2022.
- Stavropol Krai housing: 8 million sqm 2022.
- Chelyabinsk industrial growth: 12% 2022.
- Murmansk port expansions: 50 bln rubles 2022.
- Chechnya social facilities: 200 units built 2022.
Regional Distribution Interpretation
While Moscow and its central district continue to build houses with imperial ambition, the rest of Russia is pragmatically pouring rubles into the pipes, ports, and factories meant to fund it all.
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