This economics report provides a comparative analysis of the economic growth and living standards of Russia and Germany. The report begins with an introduction that sets the stage for the comparison, highlighting the objectives and scope. It then delves into the economic growth of both countries, examining GDP trends over the past decade, including the impact of the Global Financial Crisis, and identifying the key sectors driving growth. The report further explores the standards of living in each country by analyzing various economic and social welfare indicators such as GDP per capita, income inequality, the Human Development Index (HDI), unemployment figures, and the population living below the poverty line. A comparison of the economic growth and living standards of both countries is conducted. Finally, the report concludes with recommendations based on the findings, offering insights into the extent to which economic growth contributes to the living standards of these two nations. Data from various sources, including the World Bank, Trading Economics, and Statista, is used to support the analysis.