Analysis of Social and Economic Development of the Vologda Region

The increase in sanctions pressure had a significant impact on the Vologda Region, which is one of the most economically affected regions of the Northwestern Federal District, due to its geographical location and significant orientation of the economy to the markets of unfriendly countries. The purpose of the study is to analyze the socio-economic development of the Vologda Region based on statistical data. It was revealed that the rate of socio-economic development of the Vologda Region is below the average values of the Northwestern Federal District, the main problem hindering the socio-economic development of the region is the low rate of diversification of the economy, lack of investment in innovation, lack of qualified personnel.