The turnover of trade and service enterprises in 2021 exceeded the previous year by 40%

The turnover of trade and service of Moscow enterprises in 2021 amounted RUB 14,7 trln, exceeding the previous year by 39,1%, said Vladimir Efimov, Deputy Mayor of Moscow for Economic Policy and Property and Land Relations.

“Last year most of the sectors of Moscow’s economy continued to recover from the most severe consequences of the crisis in the beginning of the pandemic. The trade and service sector showed the most rapid growth. In the November 2020 the turnover of trade and service enterprises exceeded RUB 1 trln and since then - not including traditionally “low” January - it exceeded RUB 1 trln. The best results were in December 2021, when turnover of the trade and service enterprises amounted to RUB 1,6 trln, exceeding December 2020 by 37% and December 2019 by 55%,” said the deputy mayor.

Turnover of trade enterprises grew 37,1% in the 2021, amounted to RUB 6,67 trln, and turnover of service enterprises amounted to RUB 8,05 trln, up 40,7% to the previous year.

“Transportation and warehousing became the leader by the turnover in the 2021, it grew 81% to the previous year, telecommunication grew 51%, food service enterprises and real estate services gained +44%,” said Kirill Purtov, Moscow Government Minister and Head of the Department of Economic Policy and Development.