Russia became the 4th largest economy in the world and overtook Japan

Hello ATS!

Foreign experts usually understate current data for Russia, making Russian economic indicators appear to be somewhat weaker than they actually are. Later they correct them retroactively so that the numbers still converge over the long term. I suspect there is no malicious intent here: experts in large organizations are simply too lazy to collect all the necessary data on time, without delays.

After the next update, it turned out that Russia is the fourth economy in the world as of 2021 - Russia has overtaken Japan, the fifth economy in the world, and left Germany far behind.

Those curious can find the data directly on the World Bank website (link). If the web form hangs, download it in Excel format, all countries and all years are there at once. Here is an interesting fragment for us:



This is data for 2022. In 2023, Russia increased its lead over Japan by another 2%.

Economists are usually interested in GDP in PPP terms because exchange rates relate more to foreign trade, that is, to a small part of the real economy. It is in terms of PPP that Russia is now ahead of Japan.

At the same time, the share of services in the Japanese economy is 71%, while in Russia it is 60% (link). Thus, if you look only at the real sector, Russia is already significantly ahead of Japan.

Also, if you look at the attached table, you will notice that there are six "Western" and six "non-Western" countries. At the same time, in terms of total GDP, the West is already hopelessly behind, and the gap continues to widen. If we remember that the volume of real production in China is 2.5 times greater than in the United States, the statistics begin to look like a verdict on the Western world.

Meanwhile, the administrators of Russian Wikipedia have had more work to do: they are actively protecting the article comparing countries by GDP (PPP) from edits, in order to prevent the addition of data about Russia’s fourth place (link). Considering their political orientation, and they are all from Ukraine, all this can be understood.

Thank you.

a reply to: RussianTroll

It is in terms of PPP that Russia is now ahead of Japan.

That'll be because of the money they're spending on their war machine , sadly for the poor Russian people there is no benefit for them.

a reply to: gortex

Your logic is simply amazing. It is inaccessible to ordinary people))))

Didn't take long for one of the usual Russia haters to turn up,they are an embarrassment to Britian.The same people who no doubt love our country being invaded daily by Africans and Asians.
Give it a minute and the "I write like I speak" lowlander "Scot" will turn up to talk about Italys economy.
Good work though Russian Troll keep posting what you do just to get up their cold war noses.

a reply to: glen200376

Didn't take long for one of the usual Russia haters to turn up,they are an embarrassment to Britian.The same people who no doubt love our country being invaded daily by Africans and Asians.

And it didn't take long for the Putin apologists and supporters of illegal war to post-rant....

originally posted by: RussianTroll
a reply to: gortex

Your logic is simply amazing. It is inaccessible to ordinary people))))

Not really , it just stands to reason if you increase production GDP will rise through government spending.

Using data from the Bureau of Economic Analysis, figure one shows the composition of U.S. GDP in consumption, investment, government spending and net exports and imports in per-capita terms.
It can be seen the war years of 1941 to 1945 saw one of the most significant short term increases in economic
growth in the history of the U.S. economy.
www.economicsandpeace.org...

a reply to: RussianTroll

Maybe more accurate if you actually went by GDP, where does Russia sit then I wonder?

Could it be 8th?

Using PPP is because the Russia economy isn't doing aswell as you claim compared to others, also it can't keep feeding it's people based on a war economy. They need food to eat not bullets and cheap missiles.

Congratulations you beat a country 60 times smaller in area.

Almost equal population tho. Russia about 20 million ahead.

a reply to: RussianTroll

a reply to: glen200376

Didn't take long for one of the usual Russia haters to turn up,they are an embarrassment to Britian.

Please point out to the audience what part of my post was hateful ? , just curios as to whether your just spouting your usual nonsense.

Good work though Russian Troll keep posting what you do just to get up their cold war noses.

And the gullible remain gullible.

Ask him nicely he may clean your boots for you RT.

a reply to: RussianTroll

Russian Troll (most honest words I've ever seen on the internet), how is the Russian oil business doing in the last quarter?
Observers on that whole scene should check YT for various other views than what you provide, both pro and con, about the Russian economy and the outlook for the future.

I've found that "Joe's Blog" is always to the point. Many of his comparisons to other economies are especially informative.

a reply to: RussianTroll

I wonder how Germany fared this past year after the United States blew up the Nordstream pipeline. I hear rumors they are thinking about moving their automotive industry to China.

originally posted by: charlest2
a reply to: RussianTroll

I wonder how Germany fared this past year after the United States blew up the Nordstream pipeline. I hear rumors they are thinking about moving their automotive industry to China.

Everything is very bad in Germany. The economy is in the red and continues to decline rapidly; industrial enterprises are moving partly to the USA and partly to China. In Russia, in response to the confiscation of Russian assets, German assets are confiscated. Even the Mercedes plant in the Moscow region and the BMW plant in Kaliningrad were bought for 1 ruble. Russian and Chinese cars are now produced there. Everything is bad.((((

a reply to: RussianTroll

"Everything is bad.((((".

Especially Russian cars.

a reply to: Kurokage

Maybe more accurate if you actually went by GDP, where does Russia sit then I wonder? Could it be 8th? Using PPP is because the Russia economy isn't doing aswell as you claim compared to others, also it can't keep feeding it's people based on a war economy. They need food to eat not bullets and cheap missiles.

my understanding is that the PPP can inflate the estimated size of economies up to four time the GDP especially with countries with low currency exchange rates. you know like russia who has a exchange rate of

1.00 US Dollar =

90.402725 Russian Rubles

1 RUB = 0.0110616 USD.

so making up a better outlook is expected propaganda.

a reply to: RussianTroll

You're the 4th largest economy?

You should really stop citing purchasing power parity as an indication of GDP. As India is right ahead of you on that list, so that's worth consideration.

I mean it's not like the impoverished residents of East St. Louis are using the Mississippi River as a toilet. (Maybe the homeless)

Sure, they can buy more, but when you're used as a cut rate call center hub, you really don't make anything to begin with.

a reply to: Degradation33

The World Bank thinks so.


You may consider your button to be worth $10,000.
It might be worth it, but who will pay that kind of money for your button?)))
But your neighbor offers 1000 buttons for the same amount, of the same or even better quality and from the same materials. But at $10 each.

Who do you think has more GDP?

a reply to: RussianTroll

В тугриках — это всё же по номиналу, в долларах. По ППС — это не в тугриках, это в штуках. В тоннах металла, в баррелях нефти, в бушелях зерна.

google translation,

In tugriks - this is still at face value, in dollars. According to PPP, it’s not in tugriks, it’s in pieces. In tons of metal, in barrels of oil, in bushels of grain.

looks like i hit a nerve, it also looks like your spewing made up propaganda again.

just two quick links, there are more. first two i found that comes close enough to my point.

For many countries, the difference between exchange rates and PPP estimates is relatively small. However, when making comparisons between rich countries and developing countries, GDP based on PPP can dramatically increase the estimated size of developing economies, usually by two to four times. For example, using the market exchange rate, the GDP of India in 2019 was estimated to be about $2.8 trillion, just 13 percent of the United States’ $21.4 trillion. However, using PPP estimates, India’s GDP in 2019 was closer to $9.5 trillion—roughly 44 percent of the U.S. GDP. Globally, estimates of GDP based on market exchange rates indicated that in 2020 high-income countries accounted for 63 percent of the world economy, with middle-income countries collectively accounting for 36 percent. However, PPP-based estimates of GDP put middle-income countries collectively on top, with 52 percent of the global economy, compared with 47 percent for high-income countries.
purchasing power parity

and according to this the top 100 richest countries in the world, russia is 61st and Japan is 36Th,

Top 100 Richest Countries In The World

so maybe for the time being life maybe good in rooshka, but win it's all ove ya'll will be even more po asses than you are now.