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Gas Explosion, Moscow
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Economy Overview
Moscow is one of largest city economies in Europe and it comprises approximately 24% of Russian GDP. As of 2008 Moscow economy reached 8.44 trl roubles ($340 bln or $459 bln PPP adjusted ).
Moscow has the lowest unemployment rate of all federal subjects of Russia, standing at just 1% in 2010, compared to the national average of 7%. The average monthly wage in the city is 41,600 roubles (€1,070), which is almost twice the national average of 21,800 rubles (€560), and the fourth highest among the federal subjects of Russia.
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