The economy of the Krasnodar Territory has the main potential, which is laid in historically developed sectors, such as recreational and resort resources, transport, fuel and energy, and agro-industrial complexes.
In the latter, the most significant are areas such as the production of raw sugar from sugar beets, the dairy industry, the preparation of tobacco, and the cultivation of wheat.
From the point of view of geographical location, the Krasnodar Territory can advantageously use the transport, geopolitical and economic-geographical situations.
Sea access to the Atlantic Ocean and the presence of economically developed neighboring countries also have a beneficial effect on the situation as a whole. The economy of the Krasnodar Territory for students relying on general educational material is described below.
Tourism
In connection with the current political situation, when Russia's favorite destinations, such as the coast of Turkey and Egypt, became temporarily unavailable for them, and trips to some countries of North Africa became unsafe, an influx of tourists to the resorts of the Black Sea coast of the Caucasus began to be observed. This was facilitated by a significant improvement in the infrastructure of the resort city of Sochi. It has undergone modernization in anticipation of the 2014 Winter Olympics. The economy of the Krasnodar Territory from this only grew in performance.
According to Forbes reputable magazine, this region ranks third in the index of investment attractiveness of Russian regions.
The largest economically developed cities in the region are: Krasnodar, Novorossiysk, Kropotkin, Yeysk, Tuapse.
According to the Federal State Statistics Service, the share of tourism in gross regional product exceeds slightly the level of 10%, while in the whole country the share of this complex in GDP is about 2% among all cities of Russia. Sochi is the fourth city where tourists purposefully come, leaving their places of permanent residence. The transfer of some cultural events, such as the New Wave festival from Jurmala to Sochi, has contributed to the fact that the past year was a record for the number of tourists who visited the region in recent history. Due to this, the economy of the Krasnodar Territory is constantly maintained at the same level.
Industry
Almost half of the industrial production, namely about 45%, falls on the food industry. The economic and political situation in the country and the world allows confirming the status of the all-Russian granary to the region. Economic sanctions, in particular, the ban on the import of certain types of food products from abroad, along with the relatively low European income standards for the majority of the country's inhabitants, necessitate the purchase of Russian products by our compatriots.
Being one of the southernmost regions in the country, the Krasnodar Territory combines on its territory both flat plots suitable for farming and foothill and mountainous areas where livestock are raised for the meat and meat and dairy industry. Thanks to this, the economy of the Krasnodar Territory is developing quite well and quickly. Some types of products cannot be obtained anywhere in the country except the Kuban, so we can talk about the artificial creation of a natural monopoly among the producers of the region for the production of certain types of goods. In particular, the ban on the import into the territory of Russia of wines from Georgia and Moldova gave a strong impetus to the development of the distillery industry.
Marine industry
The presence of two seas - the Black and Caspian, makes a favorable forecast for the development of the fishing industry in the region. Thanks to this activity, the economy of the Krasnodar Territory is stable. Briefly about the marine industry can be read below. Among commercial fish, sturgeon, as well as pike perch and ram. The latter is nowhere to be found anywhere in the country, except in the lower Volga, and naturally falls into water bodies belonging to the territory of this region.
Chemical industry
In the chemical industry, in addition to the production of paints and varnishes and rubber products, special attention should be paid to the production of fertilizers. In a way, a complete cycle has taken shape in the territory of the region. What does this mean? For the needs of one complex, in this case, the agro-industrial complex, all auxiliary industries are located in one region, which significantly reduces the cost of raw materials and other components.
Transport sphere
There are 8 ports of international importance in the region, all of them operate all year round. After the annexation of the territory of Crimea to Russia, the need arose for regular communication with the newly formed Russian republic, bypassing Ukraine. To some extent, the economy of the Krasnodar Territory felt this, but still continues to stand at the usual level. A large number of railway transport passing through this region to the Kerch Strait increased the share of the transport complex in the structure of the region's industrial production.
The article describes the key economic issues relating to the Krasnodar Territory. This question is interesting enough for study. Therefore, the school should pay special attention to the topic "Economics of the Krasnodar Territory." For children, it may seem overly complicated, but from an early age it is necessary to understand why the country is developing and which industries are most promising.