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Russia Among World's Top Five Economies, Overtakes Germany, Says Putin
Russia Among World's Top Five Economies, Overtakes Germany, Says Putin
Sputnik Africa
The World Bank reported in August that by the end of 2022, Russia's wealth in purchasing power parity (PPP) terms exceeded $5 trillion for the first time ... 22.08.2023, Sputnik Africa
2023-08-22T17:03+0200
2023-08-22T17:03+0200
2023-12-26T10:08+0100
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Despite pessimistic forecasts, Russia is among the five largest economies in the world and has overtaken the Federal Republic of Germany, Russian President Vladimir Putin said at the Council on Strategic Development and National Projects.Growth rates are steady, including in industry. The current budget situation is stable and risk-free.For July-September the budget will be reported with a surplus, and by the end of the year the excess of expenditures over revenues will amount to the planned 2% of GDP. Moscow managed to increase its economic power, breaking the record of $5 trillion for the first time in history in terms of purchasing power parity (PPP) at the end of 2022, statistics published by the World Bank had shown.Domestic manufacturers are quickly filling the niches of foreign companies that have left, and Russia will continue to do the same.The world's largest economy in PPP was China with $30 trillion, the second place was taken by the United States with $25.5 trillion. India with $11.9 trillion is the top three rear, while the fourth place was taken by Japan ($5.7 trillion).
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russia, germany, west africa, international, economic growth, gdp, france, united kingdom (uk)
russia, germany, west africa, international, economic growth, gdp, france, united kingdom (uk)
Russia Among World's Top Five Economies, Overtakes Germany, Says Putin
17:03 22.08.2023 (Updated: 10:08 26.12.2023) The World Bank reported in August that by the end of 2022, Russia's wealth in purchasing power parity (PPP) terms exceeded $5 trillion for the first time — putting it ahead of Western Europe's three biggest economies: France, the UK and Germany.
Despite pessimistic forecasts, Russia is among the five largest economies in the world and has overtaken the Federal Republic of Germany, Russian President Vladimir Putin said at the Council on Strategic Development and National Projects.
Growth rates are steady, including in industry. The current budget situation is stable and risk-free.
For July-September the budget will be reported with a surplus, and by the end of the year the excess of expenditures over revenues will amount to the planned 2% of GDP.
Moscow managed to increase its
economic power, breaking the record of $5 trillion for the first time in history in terms of purchasing power parity (PPP) at the end of 2022, statistics published by the World Bank had shown.
Domestic manufacturers are quickly filling the niches of foreign companies that have left, and Russia will continue to do the same.
The world's largest economy in PPP was China with $30 trillion, the second place was taken by the
United States with $25.5 trillion. India with $11.9 trillion is the top three rear, while the fourth place was taken by Japan ($5.7 trillion).
