Yakutia's economy nearly doubles as industry drives record growth
During a working meeting at the State Assembly (Il Tumen), lawmakers reviewed interim results of the implementation of the Republic of Sakha (Yakutia)'s Socioeconomic Development Strategy. The discussion focused on the region's macroeconomic trends, particularly the growth of its gross regional product (GRP).
Economic Development Minister Pyotr Popov delivered the keynote report to deputies, presenting data from the first phase of the strategy's implementation, covering the period from 2018 to 2024. According to his figures, the republic's economy has shown substantial growth: the GRP nearly doubled, rising from 1.126 trillion to 2.5 trillion rubles. Adjusted for inflation, real growth reached 25.3%.
This surge was driven in part by robust investment activity: over the same period, the republic attracted around 4 trillion rubles in investments—nearly double the figures of previous years.
Earlier, in late 2024, reports cited Popov's findings that industry accounts for 65% of Yakutia's gross regional product.
