Nord Stream 2 impact on GDP in Russia 2018, by sector

The value added to the Russian GDP by Nord Stream 2 in the legal and commercial services sector was expected to reach nearly 520 million euros based on estimates from December 2018, combining indirect and induced effects. In total, the pipeline under construction was forecast to contribute over 1.7 billion euros to the country's GDP.

Value added to the gross domestic product (GDP) by Nord Stream 2 in Russia as of December 2018, by sector and type of effect*

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Sources

Release date

May 2019

Region

Russia

Survey time period

As of December 2018*

Supplementary notes

* Arthur D. Little calculations using the IMPLAN modelling system (OECD database).

This analysis is based on the accepted theory that any economic activity creates ripples of value creation through:
Direct effects (activities related directly to the investment itself, such as construction and provision of materials);
Indirect effects (all activities serving the directly involved parties – subcontractors, raw material providers, etc.);
Induced effects (all induced household spending of the recipients of wages and salaries related to the project, including those of subcontractors, raw material providers, and service providers).

The source specified the following information:
"This current follow-up report is conducted at the height of the construction phase, at a time when almost all funds have been either spent or committed (€8,000 million, as of December 2018)."

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