Well I am sure there is one or more YouTube "expert" that has a different view from the IMF (what do they know about international finance?)
The IMF first reported that this was likely a few months ago - now official.
NOTE: Russian sources off IMF (actual report behind paywall) posted today by IMF
NOTE2: PPP is the only way to compare economies - GDP is more affected by currency exchange rates which distorts the comparison between nations. While GDP can be and is valid only for internal economic changes and measures
www.rt.com
The International Monetary Fund (IMF) has ranked Russia as the world’s fourth-largest economy based on purchasing power parity (PPP).
PPP compares economic productivity and standards of living between countries by adjusting for differences in the cost of goods and services.
In its World Economic Outlook published on Tuesday, the IMF said Russia’s gross domestic product (GDP) in 2024 amounts to 3.55% of global GDP in terms of PPP, outperforming Japan, which has 3.38%.
According to the report, Russia ranks fourth in terms of PPP after China (18.8%), the US (15%), and India (7.9%).
The latest figures show that the world’s leading economies by PPP now include three BRICS countries – China, India, and Russia – the report authors noted, pointing out that Russia’s upgrade has been driven by Western sanctions.
Well to be fair to the the YouTubers (9 min)
View: https://www.youtube.com/watch?v=_YnIvLxE7HE
The IMF first reported that this was likely a few months ago - now official.
NOTE: Russian sources off IMF (actual report behind paywall) posted today by IMF
NOTE2: PPP is the only way to compare economies - GDP is more affected by currency exchange rates which distorts the comparison between nations. While GDP can be and is valid only for internal economic changes and measures
IMF upgrades Russia to world’s fourth-largest economy
The country is outperforming Japan in terms of purchasing power parity, according to the Washington-based organization
IMF upgrades Russia to world’s fourth-largest economy
The International Monetary Fund has ranked Russia as the fourth-largest economy globally by purchasing power parity
PPP compares economic productivity and standards of living between countries by adjusting for differences in the cost of goods and services.
In its World Economic Outlook published on Tuesday, the IMF said Russia’s gross domestic product (GDP) in 2024 amounts to 3.55% of global GDP in terms of PPP, outperforming Japan, which has 3.38%.
According to the report, Russia ranks fourth in terms of PPP after China (18.8%), the US (15%), and India (7.9%).
The latest figures show that the world’s leading economies by PPP now include three BRICS countries – China, India, and Russia – the report authors noted, pointing out that Russia’s upgrade has been driven by Western sanctions.
Well to be fair to the the YouTubers (9 min)