Russia: Country and Foreign Investment
According to the International Monetary Fund, as of 2013, Russia has the 57th highest GDP per capita in the world. It is ranked as 55th on the UN's Human Development Index (a comparative measure of life expectancy, literacy, education, standards of living, and quality of life).
Russia has the world's 8th largest economy and has enormous natural resources. Russia has the world's largest reserves of natural gas, the second largest coal reserves, and the eighth largest oil reserves. It is also a leading producer and exporter of minerals, diamonds, and gold.
In 2001, Russia moved to a flat tax on personal income, which resulted in increased state revenue. Russia's 13% personal rate is the lowest in Europe. In an effort to attract investment to Russia, 28 special economic zones have recently been created.