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While the UN Human Development Index, which assesses progress in the standard of living, health and education, ranks Russia among the 'very high human development' countries. [131] [132] Russian leaders repeatedly spoke of the need to diversify the economy away from its dependence on oil and gas and foster a high-technology sector. [133]
The United Nations Development Programme (UNDP) compiles the Human Development Index (HDI) of 193 nations in the annual Human Development Report.The index considers the health, education, income and living conditions in a given country to provide a measure of human development which is comparable between countries and over time.
The Russian economy and standard of living grew rapidly during the early period of Putin's regime, fueled largely by a boom in the oil industry. [9] [10] [11] However, lower oil prices and sanctions for Russia's annexation of Crimea led to recession and stagnation in 2015 that has persisted into the present day. [12]
Click to skip ahead and jump to 5 countries with the highest standard of living. In a perfect world, there wouldn't be a need for a list of the 15 countries with the highest standard of living […]
Citizens of Russia living in different regions sometimes find themselves in very different conditions. In some areas, due to climatic reasons, the cost of living is much higher, while working and living conditions are much more difficult and are associated with additional burdens on people's health.
According to a selective study by Rosstat for April 2021, the average accrued (gross) salary in Russia amounted to 56,280 rubles. [9]According to official data from Rosstat, the average income of the population of Russia in 2020 was 35,361 rubles per month, the monthly average wage was 51,083 rubles, and the average pension was 14,986 rubles.
GDP per capita is often considered an indicator of a country's standard of living; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income. Measures of personal income include average wage, real income, median income, disposable income and GNI per capita.
This means that anyone living on less than $2.15 a day is considered to be living in extreme poverty. About 692 million people globally were in this situation in 2024. [8] The second table lists countries by the percentage of the population living below the national poverty line—the poverty line deemed appropriate for a country by its ...