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MOSCOW () -- Russian industrial output has shrunk by more than half since 1991, the last year of Soviet communism, Interfax said. After five years of successive decline, industrial output is now less than 45 percent of its 1991 level, according to Economics Ministry figures.
Gross domestic product fell by 15 percent in 1994 against a 12 percent drop in 1993, and industrial output plunged 21 percent compared to 16 percent the previous year, it said.
Economists have said that official production figures fail to take into account much of the growing private sector, and that much of the decline is in sectors that produced unnecessary goods.
Output Half of 1991
31 December 1994
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