In this article, the authors analyzed the current economic situation in the Republic of Ingushetia, as well as factors affecting the development of its economy. During the preparation of the article in comparison with the data of the regions of the North Caucasus Federal District, the structure and dynamics of the main indicators of the economic state of Ingushetia were considered. In addition, the weak and strong sides of the region have been identified, which make it possible to formulate the directions of its development for the medium and long-term prospects.