the 4th place in the Volga Federal District
the 6th place by population in Russia
Nizhny Novgorod Region includes 51 municipal districts, among them are 15 urban and 36 municipal districts.
The administrative center of the region is Nizhny Novgorod.
The largest cities in the region:
ETHNIC STRUCTURE
The Nizhny Novgorod Region is a multi-ethnic region, where representatives of more than 120 people and ethnic groups live (according to the 2020 census).
The Nizhny Novgorod region is characterized by a multiconfessional population. 814 religious organizations are registered in the Nizhny Novgorod Region.
KEY BUSINESSES
The industrial potential of the Nizhny Novgorod Region is made up of the largest enterprises in the automotive, engineering, metallurgy, chemistry and petrochemistry, defense and nuclear industries.
THE NIZHNY NOVGOROD REGION’S INDUSTRY IN THE TOTAL RUSSIAN PRODUCTION
Nizhny Novgorod takes 1st place in Russia in terms of quality of life – 2023 (according to the Numbeo international research portal)
The average monthly wage in 2022 – RUB 48,368 per month (5th place in the Volga Federal District)
In 2022, the level of officially registered unemployment in the Nizhny Novgorod Region is 0.42%
The minimum wage in 2023 is RUB 13,085
In 2022, the volume of construction work was RUB 310.4 billion (2nd place in the Volga Federal District)
7,337 buildings with 18,261 comfortable apartments constructed with a total area of nearly 1.7 million sq. m (the 5th place by the commissioned housing in the Volga Federal District)
The volume of housing construction in 2022 vs. the previous year is 107%
In 2022, retail trade turnover amounted to RUB 971.2 billion (the 3rd place in the Volga Federal District and 9th place in Russia)
The volume of paid services to the people amounted to RUB 236.1 billion (the 3rd place in the Volga Federal District and 10th place in Russia)
3rd place in the National rating of investment climate in Russia
Investment attractiveness rating – “IC 3” (“high level of investment attractiveness”)
The Nizhny Novgorod Region was awarded the ruA rating ("moderately high level of creditworthiness/financial reliability/financial stability compared to other rating objects in the Russian Federation") with a stable outlook
Nizhny Novgorod region is one of the top 10 regions of Russia in 2022
12th place in the rating of Russian regions (out of 85) by the quality of life
13th place in the rating of Russian regions (out of 85) by the socio-economic situation
Nizhny Novgorod was recognized as the most comfortable city for living in Russia (the 126th place in the world rating “Quality of Life Index - 2023”, Moscow takes the 195th position, St. Petersburg – the 205th position)
Nizhny Novgorod was declared as a city with a very high ESG level in the rating of sustainable urban development
5th place in the National rating of investment climate in Russia
Investment attractiveness rating – “IC 3” (“high level of investment attractiveness”)
10th place in the rating of Russian regions (out of 85) by the quality of life
Nizhny Novgorod was recognized as the most comfortable city for living in Russia (the 151st place in the world rating “Quality of Life Index - 2021”, Moscow takes the 211th position, St. Petersburg – the 215th position)
Top 10 regions of Russia for quality of life
6th place in the National rating of investment climate in Russia
Top 10 regions with the maximum investment potential
Rating of the region’s investment climate – 2A (“medium potential” and “minimal risk”)
Investment attractiveness rating – “IC 3” (“high level of investment attractiveness”)
Fitch Ratings
Long-term rating in national and foreign currencies – “BB” with a stable outlook
Long-term international rating in national currency – “Ba2” with a stable outlook
13th place in the rating of Russian regions (out of 85) by the quality of life
Nizhny Novgorod was recognized as the most comfortable city for living in Russia (the 136rd place in the world rating “Quality of Life Index - 2020”, St. Petersburg takes the 187th position, Moscow – the 194th position)
Top 10 regions of Russia for quality of life
Top 20 of the National rating of investment climate in Russia
Top 10 regions with the maximum investment potential
Rating of the region’s investment climate – 2A (“medium potential” and “minimal risk”)
Investment attractiveness rating – “IC 3” (“high level of investment attractiveness”)
Fitch Ratings
Long-term rating in national and foreign currencies – “BB” with a stable outlook
Long-term international rating in national currency – “Ba3” with a stable outlook
15th place in the rating of Russian regions (out of 85) by the quality of life
Nizhny Novgorod was recognized as the most comfortable city for living in Russia (the 123rd place in the world rating “Quality of Life Index - 2019”, St. Petersburg takes the 187th position, Moscow – the 194th position)
Fitch Ratings
Long-term rating in national and foreign currencies – “BB” with a stable outlook
Long-term international rating in national currency – “Ba3” with a stable outlook
Rating of the region’s investment climate – 2A (“medium potential” and “minimal risk”)
Investment attractiveness rating – “IC 3” (“high level of investment attractiveness”) (1 of 3 regions of the Volga Federal District)
16th place in the rating of Russian regions (out of 85) by the quality of life
Nizhny Novgorod was recognized as the most comfortable city for living in Russia (the 109th place in the world rating “Quality of Life Index - 2019”, St. Petersburg takes the 182nd position, Moscow – the 191st position)
Nizhny Novgorod is a leader in the ranking of the most promising cities in Russia. The magazine conducted research of changes in the quality of life and cultural events over the past 10 years.
Long-term rating in national and foreign currencies – “BB” with a stable outlook
Long-term international rating in national currency – “B1” with a positive outlook
Rating of the region’s investment climate – 2A (“medium potential” and “minimal risk”)
The Nizhny Novgorod Region was among the top 20 of leaders of the “Rating of Regions by Quality of Life - 2017”, taking the 14th place in the rating of Russian regions by the quality of life
Long-term rating in national and foreign currencies – “BB-” with a stable outlook
Rating of the region’s investment climate – 2A (“medium potential” and “minimal risk”)
The Nizhny Novgorod Region was among the top 20 of leaders of the “Rating of Regions by Quality of Life - 2016”, taking the 14th place in the rating of Russian regions (out of 85) by the quality of life
According to the survey, the Nizhny Novgorod Region was among the top 7 regions of the Russian Federation, which German business considers the most attractive in terms of investments.