Russia GDP per capita PPP (2024)

FAQs

Is Russia's GDP per capita good? ›

The GDP per Capita in Russia is equivalent to 79 percent of the world's average. GDP per Capita in Russia averaged 7647.36 USD from 1989 until 2022, reaching an all time high of 10251.68 USD in 2021 and a record low of 4515.51 USD in 1998. source: World Bank.

GDP per Capita PPP in Russia averaged 20891.46 USD from 1990 until 2022, reaching an all time high of 28057.03 USD in 2021 and a record low of 12358.15 USD in 1998.

PPP indicates the rate of exchange that accounts for price differences across countries, allowing for international comparisons of real output and incomes. An international dollar has the same purchasing power in the domestic economy as the US dollar has in the United States.

Here is the full ranking of the richest countries in 2023, according to their per capita GDP. Lao P.D.R. Luxembourg, one of the smallest countries in the EU has a population of 634,000 and is the richest country in this ranking with a per capita GDP of nearly $130,000.

Russia GDP: $4.304 Trillion

GDP in Russia is estimated to be $4.304 trillion international dollars at the end of 2024. The economy of Russia has grown at an average annual growth rate of 1.4% in the last four years and is ranked the 4th largest economy in Asia-Pacific, ahead of Indonesia.

Worldwide gross domestic product in 2022 was at about 12,647 USD per capita. GDP in Russia, on the other hand, reached USD 15,533 per capita, or 2.240 trillion USD for the whole country. Russia is one of the world's largest economies and is currently at rank 8. Inflation in Russia in 2021 was around 6.69%.

Russia gdp per capita for 2022 was $15,271, a 21.85% increase from 2021. Russia gdp per capita for 2021 was $12,532, a 22.93% increase from 2020. Russia gdp per capita for 2020 was $10,194, a 11.63% decline from 2019. Russia gdp per capita for 2019 was $11,536, a 2.21% increase from 2018.

Russia is sometimes grouped with emerging economies like China and India in terms of international development but this is a misleading comparison, due to its complicated history. Russia has been a powerful place, on a par with the world's most developed countries, for centuries.

What is the GDP PPP of Russia and Germany? ›

Russia has overtaken Germany as Europe's largest economy (PPP) at 5.32 trillion dollars where as Germany is at5. 3 trillion dollars. Does this mean Western sanctions have failed? By purchasing power parity, the Russian economy is roughly the size of the German economy.

GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real ...

Higher GDP per capita often signifies a more affluent market, making it an attractive destination for investments in sectors like luxury goods or high-end services. Meanwhile, markets which are forecast to have increasing GDP per capita can be ripe business opportunities to capitalise on.

Russia ranks 12th in the world by GDP for 2024. Which country has the highest GDP per capita? The United States of America has the highest GDP per capita in 2024, followed by China and Germany.

Russia's economy is roughly a tenth the size of the U.S.' (the World Bank stated that Russia's GDP in 2015 was $1.3 trillion.) According to the Stockholm International Peace Research Institute, U.S. military expenditures in 2015 were 3.3 percent of GDP, and Russia's were 5 percent of its GDP.

ANSWER. US$1.5 trillion. The Russian economy is the eleventh largest in the world, but it is only slightly larger than that of Brazil and is much smaller than that of the state of California (US$3.4 trillion) or the state of Texas (US$2 trillion).

Some former high-income countries, such as Russia and Venezuela, slipped to a lower bracket in past years and have yet to regain the high-income classification.