Russia economy size measured in Power Purchasing Parity, i.e. comparing relative standard of living and ability to afford goods and services. Russia’s Gross Domestic Product (GDP) chart showing historical economic growth as measured in PPP international dollars.
Russia: Russias GDP PPP ranks within the top ten globally, driven heavily by its vast natural resource base, particularly oil and gas. The PPP metric significantly increases Russias economic size compared to nominal figures, showing the lower domestic cost of living and the scale of internal consumption. However, per capita GDP PPP, while higher than many developing countries, is modest compared to Western economies, highlighting the limitations of a resource-dependent model and challenges with diversification. Geopolitical tensions and sanctions also affect economic performance, though domestic spending power remains relatively stable in PPP terms.
