Tomsk Region contribution in the national economy is higher than its contribution in terms of regional demographic growth. The regional strategic target is to create a dynamically developing, well-balanced and competitive high-income economy.
In 2015, Gross regional product (GRP) averaged 6.2 billion USD. In 2014, exports amounted to 418.8 million USD, imports - 414.0 million USD.
Major economy sectors in Tomsk Region are the following: extractive industries, including oil and gas industry, geological exploration and pipeline transportation; refining industries, including petroleum, petrochemical and pharmaceutical; lumber industry, including added-value wood processing; agricultural industry and food industry, machinery and metal working.
Priority economic development areas in Tomsk Region involve the development of innovation and high technologies, effictive use of natural capital.
There is one of the largest nuclear centers in this region - Open Joint-Stock Company “Siberian Chemical Plant” (OJSC “SCP”).
Lumber industry products are exported to more than 20 countries within the former Soviet Union and beyond. Forest area occupies about 60% of the total region territory.
Tomsk mechanic engineering production percentage in comparison to the Russian production volume includes electro motors- 20%, electric lamps – 15% and cable products 12%.
The bank sector is represented by 43 credit organizations, which are multi-functional and conduct different transactions in ruble and foreign currency. There are also branches and representative offices of 29 insurance companies and 16 leasing companies. Real estate market, brokerage and auditing services and other financial services are well-developed.
Research and educational complex and high-technology business involved 15% of Gross Regional Product (GRP); R&D expenses are about 200 million USD (2.5% of GRP to average national level of 1.4%). Patent promotion in Tomsk Region exceeds twice the average in Russia (yearly more than 400 Intellectual Property patents including foreign ones). In October 2011, the Russian Government approved the project-concept in creating Center of Education and R&D (“Information-Science- Education” Project 2020).
Considering the potential of the region, in 2011 the Government of the Russian Federation approved, and in 2015 the Order of January 14, 2015 №22-p clarified the concept providing the creation in Tomsk Region the Territorial innovative center "INO Tomsk."
Its aim is to set up cooperation between scientific organizations and industrial enterprises of region. The concept "INO Tomsk" is unique document for regional economic development for Russia.
Since 2003, the system of regional support measures for investment activity and small and medium entrepreneurship development has been in place. Today it has developed into a fine-tuned, efficient and fast response system. Its transparency is secured by a dedicated regulatory framework.
Traditionally, Tomsk Region ranks among the leaders in Russian and the Siberian Federal District for key small business development indicators.