The role of the gross regional product in forming the standard of living in the regions of the Volga Federal District

Abstract

Russia is characterized by differences in the level of development of regions, the quality of life of the population. According to the World Bank, Russia ranks third in the world in terms of regional inequality. The quality of life is one of the most important indicators recognized by the UN, characterizing the level of development of countries and nations. For Russia, the issue of assessing the quality of life in the regions under the current sanctions conditions is of particular importance. The purpose of the study is to study the role and significance of GRP in the socio-economic development of regions, in shaping the standard of living of the population, and to establish the relationship between GRP and other indicators. In the absence of a unified methodology, the RIRATING rating agency conducts a quality of life rating based on more than 70 indicators, but this list does not include GRP. The peculiarity of the author's approach: GRP is considered as the most important, initial indicator, on the value of which the standard of living of the population depends. The information base of the study was the data of the rating agency, methods were used: analysis and synthesis, grouping, comparison, collation, index, tabular, generalization, etc. The study established the impact of GRP on the quality of life. At the same time, high GRP values do not indicate the efficiency of the region's economy; they do not in themselves provide a high standard of living for the population, since the quality of life is a whole range of interrelated indicators.