The article examines integration processes, the purpose of which is to strengthen international economic relations. It is hypothesised that the development of integration processes contributes to the growth of the welfare of the population. This hypothesis is tested on the socio-economic indicators identified for the three common goals of the European Union and the Eurasian Economic Union. It was revealed that, in recent years, these integration associations partially reached a new level of integration, did not achieve comprehensive cooperation, and improved the welfare of the population.