Swot analysis of Russia. The Federation of Russia is the world’s largest transcontinental country stretching from Northern Asia to Eastern Europe. The total area of Russia is 6,612,073 square miles. It’s approximately one-eighth of the total land area of the earth. Moscow is the capital of Russia.
Petersburg is the 2nd largest city in Russia after Moscow. She is the world’s 9th most populous country with a total population of 146,810,000 and shares the border with 16 countries with 11 different time zones. She has an administrative division into 85 federal subjects.
Rus or the Russian came into existence in the 9th century. She comprised many smaller states in the beginning. The Russian empire came into power as the world’s 3rd largest empire in history in the 18th century. After the Russian revolution in 1917, she became the Soviet Union and adopted the world’s first socialist system. The Soviet Union collapsed in 1991 and she became the Federation of Russia.
Some of the top industries of Russia are;
- Handcrafts
- Foodstuffs
- Textiles
- Consumer durables
- Scientific and medical equipment
- Transmitting and electric equipment
- Construction Equipment
- Agricultural machinery
- Transportation equipment
- Shipbuilding
- Electronic component
- Missils production
- Defense industries
- Space vehicles
- Aircrafts
- Metals
- Chemicals
- Mining industry
According to an estimate, the annual GDP of Russia was 2.133 trillion dollars in 2022 and it’s the 9th highest in the world. Her per capita income was 14665 dollars and she ranked at 61st position.
Today, we’ll discuss the swot analysis of Russia. Here we’ll be focusing on the internal factors that impact the world’s largest country. For macro-environmental factors, check out the pestle analysis of Russia. Here’s the swot analysis of Russia as follows;
Strengths of Russia
Controlled Resources
Russia is rich in terms of natural resources like oil, gas, and mineral. It gives her a competitive edge in the world’s politics. She can make the whole world hostage by controlling the supplies of her resources. In other words, the world depends on Russia.
Diversified Economy
As we know that Russia is the largest producer of natural resources like oil, gas, and mineral. The market of these resources is highly volatile and many factors impact their price. For instance, her relationship with the West, America, and other countries, and impact the price of the stock market.
That’s why she has shifted her focus to the tech industry. Her people are also showing interest in the science and IT sectors. It has also created a lot of employment opportunities.
Entertainment
Russia has a long history of classical art and music. The literary drama, art, music, poetry, and prose of the Russian golden period could still evoke the same feelings. Even today, Russian people don’t miss out on any opportunity of partying and drink. The enjoyment helps them to reduce real-life stress and hardships.
Military Power
Russia has the world’s 2nd most powerful military with 4th largest military expenses. She’s the most powerful country after China and the USA. She’s powerful in all types of military forces like air force, navy, and nuclear weapons.
Weaknesses of Russia
Strict Regulations
Whether it’s TV, media, channels, or social media, the Russian government controls and regulates everything. When we talk about the growth and development of the tech industry and the internet, then it won’t progress under the government’s watch and regulations. The reason the internet has revolutionized everything, it’s that no one has control over it.
No Freedom of Speech
If Russian people have complaints about the system and the government authorities, then they can’t openly criticize the system. It would cost them their lives. She has very cautious about the views of her people. Public criticism would have negative consequences.
For instance, LGBT can’t openly express their identity. For those who did, it cost them their lives. If you’re a non-conformist, then she’s not the place for you.
Corruption
Politicians have the most power and influence all over the country. Vladimir Putin, the Russian president, and Mikhail Mishustin, Prime Minister, are the two most powerful men in Russia. They’re resilient and not kind towards their people. They acquire wealth and they only share it with upper-class people.
Her political system only benefits those who are in power. Their friends and relatives can enjoy her benefits. They have the authority to make decisions about media, channels, and social media. Her system is so corrupt that there’re no major opportunities for the majority of the ordinary.
Opportunities available to Russia
Technology
Russian people are learning and showing great interest in the tech industry. Many high-tech companies are working there. They don’t have advanced hardware just like Google, Amazon, Facebook, Microsoft, Apple, Huawei, Samsung, and many other world’s top tech companies. Most importantly, their cost is out of the reach of the ordinary business investor.
She should invest her resources in the tech industry; it would open up many doors and bring a lot of new opportunities. Most importantly, it would change the landscape of the country.
Exploiting Entertainment
As we know that art, music, and fun are the key elements of Russian culture. Now, she should exploit the positive aspect of her culture and promote the tourism industry. Many people would love the experience the joyful and lively experience of St Petersburg and Moscow. They would attract millions of tourists from across the world.
Threats Russia has to face
Pandemic Crisis
The pandemic crisis infected more than 3.57 million people in Russia. Out of which 2.97 people have recovered from it and more than 65632 people died. She’s also working on the development of vaccination against the virus.
Low Birth Rate
The birth rate in Russia is very low and she’s facing a serious issue. It was lower than the US and almost equal to Japan in 2016. She hasn’t taken any steps to address this issue. The country would face serious workforce issues in the future.
Strong Competitors
As we know that Russia has the world’s 4th highest military spending and most powerful army. Her competitive countries like the USA and China are collectively way stronger than her. The worldly perception of her isn’t good and they see her as a threat. If they joined against her, it would create a lot of issues.
Conclusion: Russia Swot Analysis Example Country
After an in-depth study of the swot analysis of Russia, we have realized that Russia is indeed the world’s most economically and militarily powerful country. She should focus on the development of the tech industry. It would help her to compete with the world’s most powerful economies.
Ahsan Ali Shaw is an accomplished Business Writer, Analyst, and Public Speaker. Other than that, he’s a fun loving person.
