Economic Situation in the Far Eastern Federal District in 2024

The paper analyzes the socio-economic situation in the Far Eastern Federal District in 2024 by main types of economic activity and territorial-administrative regions on the basis of operational statistical, analytical, and expert information. The authors consider the issues of functioning of industries of the real sector of the economy, social sector, and foreign economic activity under the continuing sanction pressure. The unstable dynamics with slowdown of growth rates in some sectors of the economy with no sharp crisis manifestations was pointed out. It is shown that the index of output of basic types of economic activities demonstrated weakly positive dynamics with the growth rate below the level of 2023. Decrease in business activity was observed in the regions with both diversified and monostructured economies. The growth rate of investments in fixed assets slowed down. Traditionally, the main volume of investment was directed to projects in the construction and modernization of railway and port infrastructure, oil and gas chemistry, and mining. The overall growth of industrial output in the Far East was mainly driven by the mineral extraction sector.There was an increase in the share of the Far Eastern Federal District in the extractive industry of Russia, which may suggest that the raw materials orientation of the macro-region's economy has been preserved and even strengthened. After two years of economic growth, the construction sector of the Far Eastern Federal District experienced a decline in production, which was partially compensated for by the continued positive growth rates of housing construction. The macro-region's transportation sector was relatively stable, providing all the transportation necessary for the macro-region's socio-economic system. Against this background, a number of negative trends were observed: a decrease in foreign trade turnover of the Far Eastern Federal District; high inflation rate, with the growth rate of consumer prices outpacing the growth rate of gross regional product and real incomes of the general public; shortage of labor resources; depopulation due to natural causes