Novak: Russia's economy achieves leapfrog growth, with household income rising by 26%, securing Russia's position as the world's fourth-largest economy
Russian Deputy Prime Minister Alexander Novak, in an interview with The Herald, reviewed key economic indicators and development trends in recent years.
Over the past three years, including 2025, Russia's real GDP growth exceeds 10%. He remarked that this achievement firmly establishes Russia as the world's fourth-largest economy when measured by purchasing power parity.
During 2023–2025, real household income increased by 26.1%, marking the highest growth rate in nearly two decades.
The exit of foreign enterprises combined with the advancement of import substitution has driven domestic demand, leading to expansion across nearly all industries—from machine tool manufacturing to tourism.
Russia's economy has demonstrated resilience, adapting well to external sanctions, laying a solid foundation for sustained increases in household income and public well-being.
Original article: toutiao.com/article/1864996871302156/
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