Russian Economy 1906 -1914 Success?

National Debt decreased

Total of foreign investment grew

Russia's main export was grain - demand in the industrial nations of northwest Europe

1913 - Foreign investors had provided Russia private industry with around 1/3 of its plant and equipment

Benefited from the scake of government bonds abroad

Average annual growth rate was over 6%

Agricultural growth didn't keep up with industry

Foreign trade in 1913 was £190 millin which was really small compared to Britain and Germany

In terms of production, Russia was far behind the other great power

Germany were given a favourable trade treaty - didn't really benefit Russia

Debt was slow to shrink

Russia's coal production - 1/10 of UK's

Steel - 1/2 UK, 1/8 USA