Russian economy shows stable growth with low unemployment rate

Moscow (ANTARA) - Russia’s gross domestic product grew by 1 per cent in 2025, with cumulative growth exceeding 10 per cent over the past three years despite increasing external challenges, Russian Prime Minister Mikhail Mishustin said on Wednesday.

Delivering the government’s annual report to the State Duma, the lower house of the Russian parliament, Mishustin said the country’s labour market remained stable, with the unemployment rate holding steady at a low of 2.2 per cent.

According to him, inflation fell to 5.6 per cent in 2025, with ongoing efforts to curb price increases.

The minimum wage rose by 16.5 per cent in 2025, the Prime Minister said. He added that a further increase of 20 per cent to 27,000 rubles (1 ruble = IDR 218), or about 350 US dollars (1 US dollar = IDR 16,813), is planned for 2026.

The increase, which ensures that employers are not allowed to pay workers below the established minimum level, affects more than 4.5 million people and helps to improve the standard of living nationally, Mishustin said.