Nord Stream 2 economic output by sector Russia 2018

The direct impact of Nord Stream 2 on the Russian economy as of December 2018 was measured at approximately 2.5 billion euros, as this was the country's capital expenditure on the project. Combining direct, indirect, and induced effects, the economic impact of the pipeline under construction on the country's economy was estimated at an output of over six billion euros.

Economic output created by Nord Stream 2 in Russia as of December 2018, by sector and effect type (in million euros)

Characteristic	Indirect effect	Indiuced effect	Direct effect
Total	2,399	1,190	2,534
Commercial services and legal	618	256	-
Raw materials	420	118	-
Transportation and warehousing	289	70	-
Manufacturing	411	167	-
Utilities	273	57	-
Finance, insurance, real estate, rental & leasing	117	115	-
Construction	144	39	-
Corporate services	48	32	-
Wholesale and retail trade	18	9	-
Public services	4	216	-
Other	56	112	-

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Release date

May 2019

More information

Region

Russia

Survey time period

As of December 2018

Supplementary notes

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

The source specified the following information: "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)."

"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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