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Coins worth one ruble. archive photo

Russia is back in the ten largest economies in the world for the first time since 2014

MOSCOW, May 7 – RIA Novosti. At the end of last year, Russia was back in the ten largest economies in the world; this is the first time in eight years, according to RIA Novosti calculations based on data from the World Bank and national statistical services.

Leaving the world’s ten largest economies in 2015, Russia produced 2.3 trillion dollars of goods and services last year, ranking eighth in the world in this indicator. The last time Russia was among the top 10 economies was in 2014, when it ranked ninth with $2.05 trillion. In 2021, the country placed eleventh.

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The United States remained the world’s largest economy in 2022, with a nominal GDP of $25.46 trillion. In second place is China ($17.94 trillion), while Japan traditionally rounded out the top three ($4.17 trillion).

Germany ranked fourth with a GDP of $4.07 trillion, while India ranked fifth with $3.4 trillion. Britain held the sixth place with $3.07 trillion, while France maintained the seventh place with $2.78 trillion.

Last year, Canada was ninth with a nominal GDP of $2.14 trillion, while Italy dropped to tenth place with $2.01 trillion, losing two places in one year. At the same time, South Korea slipped from the top ten, dropping three places and placing 13th at the end of last year.

To rank countries by GDP for 2022, the latest annual or quarterly data provided by national statistical services in government currencies and, if necessary, recalculated in dollars at the average rate for the relevant period, were used. World Bank data for 2021 are used.

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Source: Ria

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