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''See also:'' [[Economy of Russia]] and [[Russian sanctions]]

''See also:'' [[Economy of Russia]] and [[Russian sanctions]]

[[File:179883BC-C0A6-4255-A274-6DBFB48EB586.jpeg|right|300px|thumb|]]

[[File:179883BC-C0A6-4255-A274-6DBFB48EB586.jpeg|right|300px|thumb|]]

Russia is the largest [[economy]] in [[Europe]], and 4th largest in the world.

Russia is the largest [[economy]] in [[Europe]], and 4th largest in the world.

Russian [[GDP]] nominally rose more than any [[G7]] country in 2023. The average Russian household ended the year with about 18% more money in the [[bank]] than a year earlier. Sberbank, Russia’s largest state-controlled bank, posted a 5.5-fold year-on-year net profit jump to a record high of 1.5 trillion rubles (USD $16.3 billion). The defense industry employs 3.5 million people and many factories have doubled their workforce since the beginning of the [[SMO]]. The economic boom is result of defense [[stimulus]] spending, [[Keynesian economics]], a government [[deficit]]s. Compared to the [[United States]], Russia is a piker in the debt markets. The U.S. gas $35 trillion [[national debt]] and growing), nearly a $1 trillion dollar defense budget, does not produce tanks, failed to produce a functional [[hypersonic missile]], incapable of matching Russia’s output of [[artillery]] shells, and has become largely a service economy.

Russian [[GDP]] nominally rose more than any [[G7]] country in 2023. The average Russian household ended the year with about 18% more money in the [[bank]] than a year earlier. Sberbank, Russia’s largest state-controlled bank, posted a 5.5-fold year-on-year net profit jump to a record high of 1.5 trillion rubles (USD $16.3 billion). The defense industry employs 3.5 million people and many factories have doubled their workforce since the beginning of the [[SMO]]. The economic boom is result of defense [[stimulus]] spending, [[Keynesian economics]], a government [[deficit]]. Compared to the [[United States]], Russia is a piker in the debt markets. The U.S. gas $35 trillion [[national debt]] and growing), nearly a $1 trillion dollar defense budget, does not produce tanks, failed to produce a functional [[hypersonic missile]], incapable of matching Russia’s output of [[artillery]] shells, and has become largely a service economy.

===Labor force===

===Labor force===

The [[Special Military Operation]] created a situation of full employment.

The [[Special Military Operation]] created a situation of full employment with [[unemployment at 2.7%.

==History==

==History==