Russia Posts 10 Percent Cumulative GDP Growth

RunWithRugs · 2026-02-27T20:07:34+00:00

Russian Prime Minister Mikhail Mishustin reported a 1% GDP growth in 2025, highlighting a stable job market with low unemployment and reduced inflation. He noted a 16.5% increase in the minimum wage, aiming for further hikes to support living standards amid economic challenges.

RunWithRugs

2026-02-27 20:07:34

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(MENAFN) Russian Prime Minister Mikhail Mishustin painted an upbeat picture of the country’s economic resilience Wednesday, reporting that Russia’s gross domestic product expanded by 1 percent in 2025 — pushing cumulative growth beyond 10 percent over the past three years despite intensifying external headwinds.

Delivering the government’s annual report before the State Duma, Russia’s lower house of parliament, Mishustin pointed to a stable labor market as a key pillar of economic health, citing unemployment holding at a historic low of 2.2 percent.

On prices, the prime minister reported that inflation eased to 5.6 percent in 2025, with authorities pressing ahead with measures to bring price growth further under control.

Wage growth emerged as another headline figure. Mishustin confirmed the minimum wage climbed 16.5 percent in 2025 — a hike that directly benefited more than 4.5 million workers and helped lift living standards across the country. The prime minister added that a further 20 percent increase is planned for 2026, which would bring the monthly minimum wage to 27,000 rubles, equivalent to roughly 350 U.S. dollars.

The wage floor, Mishustin underscored, sets a legally binding threshold below which no employer may compensate workers — a safeguard that has taken on added significance as Moscow navigates one of its most economically pressured periods in decades amid sustained Western sanctions and war-related expenditures.

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