Trends and prospects of development of the Russian construction sector in the context of economic changes

the construction industry is a crucial component of the Russian economy, significantly contributing to the development of both industrial and social infrastructure. The purpose of this article is to study current trends and changes taking place in the Russian construction industry, as well as to formulate recommendations for its further development in a changing economic environment. Materials and Methods. The analysis is based on scientific literature, reports from the Federal State Statistics Service, and documents from government agencies overseeing the construction industry. Methodological approaches include statistical analysis, comparative analysis, and review of relevant literature. Results and Discussion. Between 2021 and 2023, the Russian construction industry saw consistent growth in key metrics such as the volume of completed work and employment within the sector. The total value of construction projects increased from 11,047.9 billion rubles in 2021 to 15,092.3 billion rubles in 2023. This reflects a significant increase in investment in fixed assets, indicating a focus on infrastructure development. However, despite these positive trends, there are several challenges that require attention. The rising depreciation of fixed assets emphasizes the need for renewal and modernization. It is crucial to address these challenges to ensure the long-term sustainability of the industry. Conclusions. The construction industry plays a crucial role in the Russian economy, contributing significantly to the gross domestic product. This article presents several recommendations aimed at improving the performance of the construction sector. These include attracting private investment, increasing the supply of housing, integrating modern technologies, creating a supportive environment for small and medium-sized businesses, investing in education, and improving government regulations. By implementing these strategies, the role of the construction industry can be strengthened, leading to an improved quality of life for citizens.

economic growth, infrastructure, regional development, construction sector, government programs, investments