Russia currently ranks as one of the top ten world economies. By the end of 2008, Russia’s economy continued to strengthen at a steady growth rate for 10 consecutive years, with a GDP that had grown to an estimated 6.0%. The nation’s total population of about 143.8 million is growing at an annual percentage of 0.5%. The Gross National Income (GNI) of the nation has reached $491 billion.

Russian consumers are the world's fourth biggest spenders on luxury items, and with more disposable income are demanding foreign, high-value goods. The luxury goods market continues to rapidly grow, providing excellent market opportunities for southern U.S. suppliers of alligator skins and hides. Alligator hides and skins are a valuable agricultural product in Russia. Typically used for luxury clothing and accessories, they represent a stable niche in the strong Russian market.