08.05.2023, 07:44
Russia has returned to the top ten strongest economies in the world
Source: OREANDA-NEWS
OREANDA-NEWS By the end of 2022, Russia has returned to the top 10 largest economies in the world, according to the calculations of the World Bank. The volume of our GDP amounted to $2.3 trillion, and this is the 8th place in the global table of ranks. The last time we were in the "top ten" in 2014, then our GDP was $ 2.05 trillion, which corresponded to the 9th place.
According to the rating compiled by RIA Novosti on the World Bank database, the largest economy on the planet with an indicator of $ 25.46 trillion. The United States remains, followed by China ($17.94 trillion) and Japan ($4.17 trillion). This is followed by Germany ($4.07 trillion), India ($3.4 trillion) and the United Kingdom ($3.07 trillion). In seventh place, directly ahead of Russia, is France ($2.78 trillion), and Canada ($2.14 trillion) and Italy ($2.01 trillion) close the top ten.
There is nothing contradictory or unusual in Russia's return to the number of economic giants against the background of numerous anti-Russian sanctions and restrictions, says Konstantin Andrianov, associate professor at the Institute of Economics and Finance of the GUU, Academician of the Russian Academy of Sciences.
"The fact of Russia's return to the top 10 largest economies in the world can cause surprise only among Western conductors of rabid anti-Russian hysteria," the expert explains. "In fact, this result is quite understandable from the point of view of economic logic."
According to the expert, the sanctions against our country, designed to reduce Russia's revenues and weaken the economy, have led to a significant rise in the price of a number of goods on the world market, primarily energy carriers.
"Of course, now natural gas prices are balancing at the level of $ 400 per 1 thousand cubic meters, although last year this figure reached $ 3 thousand per 1 thousand cubic meters, but before the sanctions were imposed, gas quotes were at the level of $ 250-300 per 1 thousand cubic meters, purely economically we are in any the case is a winner! A little on a smaller scale, but the situation is similar with oil. The reduced volumes of supplies to Western markets were offset by an increase in sales to friendly countries — China, India and others," the expert says.
According to the rating compiled by RIA Novosti on the World Bank database, the largest economy on the planet with an indicator of $ 25.46 trillion. The United States remains, followed by China ($17.94 trillion) and Japan ($4.17 trillion). This is followed by Germany ($4.07 trillion), India ($3.4 trillion) and the United Kingdom ($3.07 trillion). In seventh place, directly ahead of Russia, is France ($2.78 trillion), and Canada ($2.14 trillion) and Italy ($2.01 trillion) close the top ten.
There is nothing contradictory or unusual in Russia's return to the number of economic giants against the background of numerous anti-Russian sanctions and restrictions, says Konstantin Andrianov, associate professor at the Institute of Economics and Finance of the GUU, Academician of the Russian Academy of Sciences.
"The fact of Russia's return to the top 10 largest economies in the world can cause surprise only among Western conductors of rabid anti-Russian hysteria," the expert explains. "In fact, this result is quite understandable from the point of view of economic logic."
According to the expert, the sanctions against our country, designed to reduce Russia's revenues and weaken the economy, have led to a significant rise in the price of a number of goods on the world market, primarily energy carriers.
"Of course, now natural gas prices are balancing at the level of $ 400 per 1 thousand cubic meters, although last year this figure reached $ 3 thousand per 1 thousand cubic meters, but before the sanctions were imposed, gas quotes were at the level of $ 250-300 per 1 thousand cubic meters, purely economically we are in any the case is a winner! A little on a smaller scale, but the situation is similar with oil. The reduced volumes of supplies to Western markets were offset by an increase in sales to friendly countries — China, India and others," the expert says.
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