The Khanty-Mansiysk Autonomous Okrug - Ugra is the main oil and gas province of Russia and one of the leading global oil producing regions, which makes it one of the Russian donor-regions, meaning it contributes more to the federal budget than receives from it, the region consistently demonstrates top performance in:
I – oil production;
I – electric power generation;
II – industrial output volume;
II – gas production;
II – tax revenues;
III –equity investment.
The Autonomous Okrug's companies make a significant contribution to the national economy: about 7.5 % of industrial output and 15.1 % of the federal tax revenue.
The share of Ugra in the Russian oil production in 2013 amounted to 48.8 %. 104 oil and gas production companies work in the Autonomous Okrug territory:
The Autonomous Okrug's share in the total Russian gas production is 5.0%. In 2013 the Okrug produced 255.1 million tons of oil and 33.0 billion cubic meters of APG.
There are 6 oil refineries, 8 gas treatment facilities, and 1 condensate stabilization plant in the Okrug.
Over the past three decades the region has built a most powerful electricity generation sector. Main power generation companies in the Autonomous Okrug are the Sugrut HPP-1, Sugrut HPP-2, the Nizhnevartovsk HPP, and the Nyagan HPP. Total 2013 generation amounted to 88.5 billion kWh.
The volume of residential construction works in Ugra grows annually. In 2013 over one million square meters of new apartments were made available for occupation. The region demonstrates positive mortgage loans dynamics: it ranked second in the Russian regions rating by the number of loans per one thousand people and by the amount of loans per capita.
An important factor contributing to effective economic cooperation is the well-developed network of modern roads, railway and water routes in the Okrug, as well as an intensive domestic and international air traffic. Two out of 18 main Russian motorway corridors cross the territory of the Okrug: ‘The Northern Route’ (Perm – Serov – Ivdel – Khanty-Mansiysk – Nefetyugansk – Surgut – Nizhnevartovsk – Tomsk) and ‘The Siberian Corridor’ (Tyumen – Surgut – Novy Urengoi – Nadym – Salekhard).
The Khanty-Mansiysk Autonomous Okrug – Ugra is an export oriented region, export accounts for 95.6% and import - for only 4.4 % of its foreign trade turnover. Main export products are; mineral fuel, crude oil and petroleum products, bituminous materials, mineral wax, timber, charcoal. 99,4 % of all export is crude oil. Import of goods and services into the regions has recently grown by 8.4 %. Products most commonly imported to Ugra include aircrafts, boilers, equipment and mechanical devices, their components; ferrous metals products, electrical plants and machinery.
Particular attention in the region's economy is paid to innovation. The regional innovation support infrastructure is made up of various public, commercial and non-profit organizations: e.g. the autonomous institution of the Khanty-Mansiysk Autonomous Okrug – Ugra "Ugra Hi-Tech Technopark"; the Foundation for Entrepreneurship Support, the Khanty-Mansiysk Autonomous Okrug - Ugra Development Foundation, the Microfinance Fund of the Khanty-Mansiysk Autonomous Okrug - Ugra. 130 innovative companies, most of which are the Technopark residents, operate in the region.