1/20/24 The results of the EAEU activities for 4 years have been summed up

Recently, the Eurasian Economic Commission published a report summarizing the activities of the Eurasian Economic Union for 2020-2023.

According to Mikhail Myasnikovich, Chairman of the Board of the Eurasian Economic Commission, economic indicators in the EAEU have improved significantly over the past four years. In 2020–2023, the EAEU GDP increased by 4.1%, reaching $2.2 trillion. Industrial production grew by 8.3% during this period, including in the manufacturing industry by 5.7%. Agricultural production increased by 11.8%. The volume of mutual trade between the EAEU states over the same period increased 1.5 times.

In 2020, Uzbekistan and Cuba received the status of observer states in the EAEU. Eurasian Economic Forums were held in Bishkek, Kyrgyzstan (2022) and Moscow, Russia (2023), and the REAB Consortium also took part in this forum. The total PPP GDP of the EAEU member states in 2022 reached 3.4% of the world, and PPP GDP per capita reached $33.6 thousand.

Note, that in 2023 Russia chaired the Supreme Eurasian Economic Council, the Eurasian Intergovernmental Council and the Council of the Eurasian Economic Commission.