Russia has reached the fourth position in the list of the largest economies in the world. This is demonstrated by the calculations of the International Monetary Fund (IMF), which it presented in a report on the dynamics of GDP (gross domestic product) of the states of the world.
Author:
https://rb.ru/author/bilyk/
Subscribe to RB.RU on Telegram
The IMF has calculated that in 2024 Russia’s share of GDP will be 3.55% of world GDP in purchasing power parity (PPP, the ratio of prices for the same set of goods and services in different currencies). In terms of PPP, Russia has surpassed Japan, whose share is 3.38%. The leaders in PPP in the world are China, the United States and India.
The Fund has recalculated countries’ participation in the global economy based on the results of a new round of the International Comparison Program (ICP, which collects comparative price data and analyzes the PPP of world economies). Compared to the previous round of the PCI, India and Russia contributed the most: 0.7%. Previously, the share of the Russian Federation in world GDP was estimated at 2.9%.
According to the IMF’s first forecasts, Indonesia was supposed to overtake Russia in terms of weight in the world economy in 2029, but according to the updated forecasts this will not happen and Russia will remain the fourth largest economy in the world, leaving Japan behind.
In April 2024, Vladimir Putin ordered Russia to reach fourth place on the list of the world’s largest economies by 2030.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
