banner
Apr 19, 2021
7 Views
0 0

Which regions of Russia have the highest standard of living?

AGN Moscow

In the integral rating of the socio-economic and economic situation of the regions of the Russian Federation at the end of 2020, compiled by the Civil Society Development Fund, Moscow took the leading place. According to experts, the capital is in first place due to the high standard of living and the well-being of the regional budget.

The fund takes data for the rating from open official sources (Rosstat, Roskazna, Ministry of Finance, FTS). To determine the socio-economic situation of the regions, the indicators of the ratio of the sums of the regional product (RP) to the economically active population and to the total population of the region, the average monthly salary and the ratio of the average monthly salary to the cost of the consumer basket (minimum cost of living) are considered.

The calculation of the economic situation of the regions is based on indicators of the ratio of the amount of the state debt of the constituent entity of the Russian Federation to the amount of consolidated budget revenues and to the amount of VAT received by the federal budget from the region, the dynamics of VAT in comparison with the previous year, the industrial production index compared to the previous year and the dynamics of the RP with inflation adjustment …

Which regions are included in the top ranking?

As already mentioned, Moscow has become the leader in the rating of the socio-economic and economic situation of the regions of the Russian Federation. The capital has one of the best indicators of the ratio of public debt to budget revenues and VAT received from the region (2nd place in both cases), as well as average wages and the ratio of the subsistence minimum to average wages (4th and 5th places, respectively). However, the indicators of the dynamics of the accrued VAT and the dynamics of the RP with adjustment for inflation in Moscow are far from the best in the country (28th and 64th, respectively).

The second place in the ranking was taken by the Tyumen region, which has one of the best indicators of the industrial production index (2nd place). The indicators of the ratio of public debt to budget revenues and VAT received from the region are close to those in the capital in this region (4th and 3rd places, respectively). Similarly to Moscow, the Tyumen Region has not the best indicators of the accrued VAT and the dynamics of RP with inflation adjustment (41st and 53rd, respectively).

The Leningrad Region took the third position in the rating and also has good indicators of the ratio of public debt to budget revenues and VAT received from the region (5th and 6th, respectively). The lowest indicators in this region were the industrial production index (45th place) and the dynamics of the RP with inflation adjustment (63th place).

The Yamalo-Nenets Autonomous Okrug, which took the fourth place in the rating, has one of the best socio-economic indicators. So, he took second place in terms of RP for the total population and economically active population and the ratio of the subsistence minimum to the average wage. In terms of the average salary, the Yamalo-Nenets Autonomous Okrug is in third place. However, the economic situation in the region is much worse: the dynamics of the accrued VAT – 67th place, the index of industrial production – 43rd place, the dynamics of RP adjusted for inflation – 77th place.

The fifth place in the rating is occupied by the Moscow region, the sixth – by St. Petersburg. In the MO, there is a good indicator of the production index (8th place), as well as good indicators of the average wage and the ratio of the subsistence minimum to it (12th and 15th places, respectively). St. Petersburg ranks 9th in terms of the ratio of government debt to VAT received from the region, as well as 11th and 8th places, respectively, in terms of average wages and the ratio of the subsistence level to it.

The Magadan Region took the seventh place in the ranking with a wide spread in indicators. This region ranked first in terms of average wages and the ratio of the subsistence minimum to average wages. Also in the Magadan region there are high indicators of RP per capita of the economically active population and the total population (6th and 5th places, respectively). This region is in third place in terms of RP dynamics with inflation adjustment. However, a number of economic indicators in this case are far below average: public debt to budget revenues – 50th place, public debt to VAT received from the region – 82nd place, dynamics of accrued VAT – 81th place.

The Irkutsk Region is next in eighth place, Kaluga Region is in the ninth place. Both regions did not make it into the top ten for individual indicators, but the average score of all their indicators allowed them to enter the top 10 of the overall ranking.

The last ten leaders are the Khanty-Mansiysk Autonomous Okrug – Yugra. As in the case of the Yamalo-Nenets Autonomous Okrug and Magadan Oblast, there is a noticeable scatter of indicators. So, there are six good indicators: RP per capita of the economically active population (3rd place), RP per total population (4th place), average wages (9th place), subsistence minimum to the average salary (9th place), public debt to budget revenues and VAT received from the region (8th and 4th place, respectively). But the indicators of the dynamics of the accrued VAT, the production index and the dynamics of the RP with adjustment for inflation in the region are poor – 65, 78 and 84, respectively.

How do experts comment on the results of the rating?

As the compilers of the rating note, despite the fact that the economic situation (budget filling and the volume of the real sector) is closely related to the socio-economic (the level of the population’s well-being), the positions of the Russian regions in both blocks sometimes coincide. This is due to the fact that in some cases, with a stable and developed economy, the cost of living is too high. This creates a discrepancy between the standard of living of the population, the filling of regional budgets and the volume of production of goods, works, services.

Moscow is in first place primarily due to the high standard of living and the well-being of the regional budget. At the same time, the dynamics of the cost of goods shipped, works and services rendered, as well as the dynamics of the accrued value added tax closely related to this, puts the capital approximately in the middle of the list. For similar reasons, some “producing regions” (except for the Magadan region) were in the top of the rating. And the Leningrad, Moscow, Irkutsk and Kaluga regions are leading in the ranking due to the stability of all indicators taken into account.

Article Categories:
Economy
banner

Leave a Reply