Page 36 - Bombardier Market Forecast
P. 36
the forecast
Bombardier Business Aircraft | Market Forecast 2011-2030 36
Russia & CIS
Business Jet Penetration Forecast - Russia & CIS
Fleet per capita vs. GDP per capita, 1960-2030
1,000 2010 2030
Fleet per 100 Million Population (Log Scale) 100
Recovering at a relatively moderate pace 10
from a deep recession suffered in 2009, the
Russian economy remains overly dependent
on energy export revenues to drive domestic Actual
growth. Energy prices have risen steadily Forecast
since mid-2009. They are expected to remain 1 1960
elevated in the near-to-medium term, particu- 1,000 10,000 100,000
larly in light of popular unrest in the Middle GDP per Capita (USD, Log Scale)
East and North Africa. Exports have been Sources: Ascend, IMF, IHS Global Insight, UN Population Project, Bombardier forecast. Includes very light jets.
driving the recovery, while domestic demand
has remained slack. Consumer confidence has that will keep growth in the moderate pace. Capital, increased government spending
bounced back and household consumption Commercial lending rates are still relatively before parliamentary elections in the end of
has been adding some momentum to the high and banks are leery of a new wave the year and a presidential vote in early 2012
economic recovery. of loan defaults. may boost inflation. The number of billionaires
in Russia & CIS amounted to 116 in 2010,
Business confidence is improving as well, Future growth will be influenced by WTO up 61% from 72 in 2009, according to
as shown by the strong growth in investment accession and the nation's newly cemented Forbes. A total of 50 billionaires live in
activity. Nevertheless, there are offsetting energy exporting ties to China. According to Moscow, making it the city with the second-
factors in the Russian economic environment Moscow investment bank Renaissance highest billionaire population after New York.
Bombardier Business Aircraft | Market Forecast 2011-2030 36
Russia & CIS
Business Jet Penetration Forecast - Russia & CIS
Fleet per capita vs. GDP per capita, 1960-2030
1,000 2010 2030
Fleet per 100 Million Population (Log Scale) 100
Recovering at a relatively moderate pace 10
from a deep recession suffered in 2009, the
Russian economy remains overly dependent
on energy export revenues to drive domestic Actual
growth. Energy prices have risen steadily Forecast
since mid-2009. They are expected to remain 1 1960
elevated in the near-to-medium term, particu- 1,000 10,000 100,000
larly in light of popular unrest in the Middle GDP per Capita (USD, Log Scale)
East and North Africa. Exports have been Sources: Ascend, IMF, IHS Global Insight, UN Population Project, Bombardier forecast. Includes very light jets.
driving the recovery, while domestic demand
has remained slack. Consumer confidence has that will keep growth in the moderate pace. Capital, increased government spending
bounced back and household consumption Commercial lending rates are still relatively before parliamentary elections in the end of
has been adding some momentum to the high and banks are leery of a new wave the year and a presidential vote in early 2012
economic recovery. of loan defaults. may boost inflation. The number of billionaires
in Russia & CIS amounted to 116 in 2010,
Business confidence is improving as well, Future growth will be influenced by WTO up 61% from 72 in 2009, according to
as shown by the strong growth in investment accession and the nation's newly cemented Forbes. A total of 50 billionaires live in
activity. Nevertheless, there are offsetting energy exporting ties to China. According to Moscow, making it the city with the second-
factors in the Russian economic environment Moscow investment bank Renaissance highest billionaire population after New York.
