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The World Bank recognized Russia as a high-income country and recorded gross income for each Russian at $14,250. (blogs.worldbank.org)

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The bank classifies those countries where this indicator is at least $13,845 as high-income.

Economic activity in Russia was influenced by a large increase in military related activity in 2023, while growth was also boosted by a rebound in trade (+6.8%), the financial sector (+8.7%), and construction (+6.6%). These factors led to increases in both real (3.6%) and nominal (10.9%) GDP, and Russia’s Atlas GNI per capita grew by 11.2%.

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