Driver Overview
This section shows a country’s rank, ranking change and score for each of the eight drivers. It also categorises each country’s driver performance on a scale from “Emerging” (score from 0-20) to “Global Leader” (score from 80-100).
Rank
Score /100
Best practice
Metric Overview
Strengths
Cost to start a business
The cost of starting a business in Russia is 0.9% of income per capita, well below the Upper Middle Income average of 11%, easing the entry of new firms.
Registering property
In Russia it takes 14 days to register a property, well below the 22 day Upper Middle Income Countries’ average. As infrastructure projects often involve some transfer of property rights, an efficient registration process reduces project cost and risk.
Gross government debt
Russia’s gross government debt amounts to only 16% of GDP, the second lowest among countries covered in InfraCompass 2020. The COVID-19 pandemic may impact this, but Russia’s government is currently in a strong fiscal position to fund infrastructure.
Top Performing Metrics
Top Performing Metrics
This is defined by the metrics with the highest unweighted score out of 100.
Permits:
Cost to start a business
Permits:
Registering property
Funding capacity:
Gross government debt
Opportunities to Grow
Financial depth
Russia’s score for Financial Depth is below the average for Upper Middle Income Countries. The Russian infrastructure market is characterised by few equity investors and long-term institutional investors, the absence of a secondary securities market, and the participation of Russian state pension funds only in debt financing. Improving the depth of the financial market could allow Russia to more efficiently meet the capital requirements for future infrastructure projects.
Market sounding and/or assessment
Russia currently lacks a market sounding process for infrastructure projects, although they are increasing efforts to facilitate transparent communication in the infrastructure market through the development of digital platforms, such as ROSINFRA. Adding a market sounding process could allow the government to better determine if there is sufficient interest from investors and lenders to provide commercial financing for projects.
Value of close infrastructure deals with foreign equity sponsorship
Among the Upper Middle Income Countries, Russia has a score significantly lower than the average of 32. Foreign pension funds and institutional investors are not present in the Russian infrastructure market. A low value may reflect a limited scale of infrastructure investment opportunities available for foreign investors and may increase financing costs as a result of lower levels of competition.
Metrics to Improve
Metrics to Improve
This is defined by the metrics with the lowest weighted score out of 100, such that these metrics would have the greatest impact on the overall score.
For metrics that have binary outcomes (yes=100/no=0), no comparative income group average is reported.
Financial markets:
Financial depth
Planning:
Market sounding and/or assessment
Detailed Data
This section shows country data for each of the 41 metrics. The figures in brackets denote the change in score since InfraCompass 2017.
Note that all data has been normalised on a scale of 1-100. For raw metric data, please download the complete InfraCompass 2020 dataset.
Where relevant, some metric scores have been inverted, such that all metrics have positive relationships with good infrastructure outcomes. For example, since lower compliance costs make it easier to invest in infrastructure, the normalised value of ‘number of procedures to start a business’ has been reversed such that lower number of procedures are scored closer to 100, and higher numbers closer to 0. In other words, a score of 0 indicates a poor performance, rather than 0 number of procedures.
28.2%
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
20.7%
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
18.1%
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
15.1%
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
12.8%
Political stability and absence of violence score
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
5%
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Russia
Upper-middle Income Countries Average
Description
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
Weighting (% of Driver)
28.2%
Source Link
Description
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
Weighting (% of Driver)
20.7%
Description
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
Weighting (% of Driver)
18.1%
Source Link
Description
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
Weighting (% of Driver)
15.1%
Source Link
Description
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
Weighting (% of Driver)
12.8%
Description
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Weighting (% of Driver)
5%
Source Link
Country Overview Data
12,219 USD
Population145.6 million persons
73.8 (0-100 best)
Infrastructure investment2.8% of GDP
Infrastructure gap1.5% of GDP
1,638 USD billion
GDP growth rate1.1%
GDP per capita growth rate-1.1%
Gini coefficient37.7 (0-100 worst)
Gross Government Debt17.0% of GDP
Inflation rate4.7%
Summary credit rating55.0 (0-100 best)
Unemployment rate4.5%
Urbanisation ratio74.0% of total population
Road connectivity85.7 (0-100 best)
3.5 (1-7 best)
Efficiency of train services4.9 (1-7 best)
Efficiency of air transport services5.0 (1-7 best)
Efficiency of seaport services4.7 (1-7 best)
Electricity access100.0% of population
Electricity supply quality10.0% of output lost
Exposure to unsafe drinking water7.9% of population
Reliability of water supply5.3 (1-7 best)
Digital Adoption Index0.7 (0-1 best)
Mobile-broadband subscriptions87.3 per 100 population
Fixed-broadband Internet subscriptions22.2 per 100 population