Russian GDP: where are now and where

This article is copyrighted and is written specifically for the project "Made in us."

I hope that it will help, how to deal in a variety of different economic indicators based on the concept of gross domestic product, and see the economic situation of Russia in different periods of modern history.

First, we shall understand the nuances of the various measures of GDP, and then look at their changes over time.

GDP — macroeconomic indicator that reflects the market value of all final goods and services (that is intended for direct consumption) produced annually in all sectors of the economy in the state for consumption, exports and savings, regardless of the nationality of the factors of production used.

Thus rasschitvaetsya GDP in national currency. But in a way it does not matter much because of a variety of factors: changes in the level of prices, currency exchange rates, demographics, and more.

Because there are many different derivatives of indicators based on GDP figures.

To compare the size of the economies of the world GDP in national currency are translated at the exchange rate in GDP in foreign currency. But this method, though simple (and has some other advantages), but does not reflect the true size of the economy because of differences in price levels between countries.

For comparison, the size of the economies on the basis of GDP at purchasing power parity rates more accurately allow us to compare the number of goods produced in different countries.

Since the GDP — the number of market produced goods, and these goods are mainly consumed, then the index GDP per capita as a measure of the average performance of the economy and the standard of living of the population.

Moreover, if we compare the average performance in Rakhno countries, it is necessary to take measure GDP per capita at PPP.

If we compare the standard of living in different countries, it is possible to use two indicators — GDP per capita at PPP and GDP per capita at exchange rate. In the first case we get a comparison of the number of real consumption goods, while in the second case we get a nominal purchasing power, which may be of interest, for example, if you experience a sense of wealth tourists abroad.

A key role in the formation of the GDP figure has national income, a component of which is wages. Last major part in the GDP of the world, and therefore in terms of per capita GDP in foreign currency at the exchange rate can be judged on income (including wages) in foreign currency in the country.

GDP in foreign currency at the exchange rate is crucial for the size of the national budget (usually about one-third of GDP), that is, the figure is an indicator of the amount of tax collected and the amount of financial resources.

PPP GDP is not appropriate to compare the performance of one country in different periods of time, therefore it is necessary to use Real GDP and real per capita GDP.

Thus:

1. For comparison, the same size of the economy in different periods of time to use the real GDP.

2. For comparison, labor productivity and living standards in different period of time is necessary to use real per capita GDP.

3. For comparison, the economic power of countries to use PPP GDP.

4. For comparison, the average productivity and living standards of the countries of the world to be enjoyed per capita GDP at PPP.

5. For comparison, the financial strength necessary to use the GDP of countries in foreign currency exchange rates.

6. To compare the purchasing power of the population, "abroad" use per capita GDP in foreign currency exchange rates.

Ps IMF data are not ideal for several reasons:

1. This is the data of the IMF.

2. This is somewhat outdated April data.

3. Trends in population of the Russian Federation around 2011 have not been updated.

4. The data in some cases, quite at odds with those of the World Bank.

However, the IMF data, probably the best of the available statistical data sources. Also contains forecast values.

Ps 2. Although GDP and unevenly distributed among the inhabitants of the country, I had no doubt that the standard of living of countries with per capita GDP 50,000 on average, higher than those of countries with per capita GDP in 2000. Because income inequality is less important.

1. So, consider the sizing of the Russian economy in relation to itself. According to the IMF on economic growth in Russia in 1992 can plot the change in real GDP in Russia and forecast values up to 2018:

  • Russia's real GDP
  • Russia’s real GDP

According to the GCS can build a graph of change in real GDP relative to 1990:

  • Russia's real GDP
  • Russia’s real GDP

Graphs of change in real GDP in Russia 1990 (1992), the rather well-known and nothing new about them. The failure of the 90’s, followed by the rise of zero, the output at the 2004 level in 1992, and in 2007 — the size of the economy has reached the level of 1990.

2. Consider the change in real per capita GDP over time, which largely determines the change in average productivity and average living standards. According to the IMF can draw a graph of change in real GDP per capita relative to 1992:

  • Real per capita GDP in Russia
  • Real per capita GDP in Russia

Large differences between the changes in real GDP per capita to changes in real GDP do not. Because of the small population decline in Russia in 1990 the growth of per capita real GDP is slightly higher than the growth of real GDP. As can be seen from the above graph, the average productivity and average standard of living (at a stretch) after 2007 reached the level of 1990.

3. Economic power (PPP GDP) in 1992, Russia was on the 5th place behind the United States (6.3 trillion. Dollars), Japan (2.6 trillion. Dollars), Germany (1.6 trillion. Dollars) and China (1 , 20 trillion. dollars) with the index 1170000000000. U.S..

In 1998, Russia dropped to 11th after the U.S., Japan, China, Germany, France, India, the UK, Italy, Brazil and Mexico.

In 1999, Russia overtook Mexico.

In 2003, Russia overtook Brazil.

In 2005, Russia overtook Italy.

In 2007, Russia overtook France.

In 2008 and in 2010 Russia has overtaken the UK.

  • "Overtaking" of the Russian economy as some competitors.
  • "Overtaking" of the Russian economy as some competitors.

Watch here.

So, as of 2013, the Russian economy is the second in the world after the U.S. (16.2 trillion. Dollars), China (13.6 trillion. Dollars), Indian (5.0 trillion. Dollars), Japan (4, 8000000000000. dollars) and German (3.3 trillion. dollars) with the index 2.6 trillion. U.S..

According to the World Bank in 2012, the Russian economy has bypassed the German.

4.Compare the productivity of labor and the average standard of living of the countries of the world by per capita GDP index at PPP.

In 1998, per capita GDP in PPP Russia amounted to 6260 dollars and Russia on this indicator was on the 69th place among the countries of the world. GDP per capita at PPP Iran was 6370 dollars, Brazil — $ 6,700, Turkey — $ 7,700, Malaysia — $ 8000, Estonia — $ 8,600, Venezuela — $ 8,800, Poland — 9100 dollars, Libya — 9100 dollars, Chile — 9300 dollars, Mexico — 9800 dollars, the Czech Republic — $ 14,000, Portugal — 16,500 dollars, Greece — $ 17,000, Cyprus — 17,900 dollars, France — 23700 dollars, Germany — $ 24,000 United States — 31,900 dollars.

In other words, in 1998, labor productivity and the standard of living of the population was below the Russia of many countries in Eastern Europe and South America, and Western European countries is 3-4 times, and the United States — to 5-fold.

In 2013, per capita GDP in PPP Russia totaled 18,700 (52 in the world). Left behind in Iran, Brazil, Turkey, Malaysia, Venezuela, Mexico and others. Not far from Chile — 19500 dollars, Poland — $ 21,500, Portugal — 23,200 dollars and Greece — 23,900 dollars. But still large backlog of France — 35900 dollars, Germany — $ 40,000 and the U.S. — 51,200 dollars.

That is, by 2013, labor productivity and living standards of the population is Russian about the level of the countries of South America and Eastern Europe, following Western European countries and the United States 1.25-2 times — by 2.7 times.

5. We analyze the changes in the financial strength of Russia in 1992-2013 years. Indicator of changes in GDP will be in foreign currency exchange rates.

In 1992, Russia’s GDP at the exchange rate was $ 86 billion. In this respect Russia has taken 35th The world. Passed forward himself Poland, Portugal, Thailand, Greece, Finland, Norway, Austria, Turkey, Argentina, Switzerland and other much larger countries (Brazil ($ 390 billion), Spain (612 billion dollars), Italy (1,278 billion dollars), Germany (2,068 billion dollars) and the U.S. (6342 billion dollars).

Amazingly, the financial strength of small (5-10 million) of European countries (eg Finland or Greece) was more than 145 million of financial power in Russia. If the size of the GDP at the exchange rate in the $ 86 billion budget size is determined by one or two (at most three) with tens of billions of dollars. Let us remember those times — both for Russia was important at the time assistance from foreign lenders at some nyneschnim by the standards of one billion dollars. And thus, in 1992, the Russian economy was 5 in the world.

By 2013, Russia’s GDP in foreign currency at the exchange rate "A few" grown up:

  • GDP change in foreign currency exchange rates
  • GDP change in foreign currency exchange rates

And Russiahas moved up 23 positions in the world rankings …

  • GDP in foreign currency at the exchange rate
  • GDP in foreign currency at the exchange rate

… becoming the eighth in the world behind the United States (16,200 dollars), China ($ 9,000), Japan ($ 5,100), Germany ($ 3,600), France ($ 2,700), Brazil ($ 2,500), UK (2400 dollars), with figure of 2213 billion dollars.

6. We compare how much increased purchasing power of our citizens in the purchase of imported goods and services. In many ways, it was determined by the change in GDP per capita in foreign currency exchange rates.

In 1992, per capita GDP in foreign currency at the exchange rate was 576 dollars and Russia has taken on this indicator 114th in the world ranking. Just below the rated siting Pakistan, Cambodia, Kenya, and a little higher — Sri Lanka, Angola, Mongolia, Indonesia, Senegal and others. That is, when checking out, for example, to travel to a third country, the purchasing power of residents of Russia was comparable with the purchasing power of the majority of the inhabitants of the Third World. For comparison — the per capita GDP in foreign currency at the exchange rate in Spain was $ 16,000, in France — $ 24,000, while the U.S. and Germany — by 25,000 and $ 26,000, respectively.

By 2013, per capita GDP in Russia foreign currency exchange rate grown:

  • Russia's per capita GDP in the foreign currency exchange rate
  • Russia’s per capita GDP in the foreign currency exchange rate

ahead of the 68 countries

  • Change in per capita GDP in foreign currency at the exchange rate
  • Change in per capita GDP in foreign currency at the exchange rate

… and to 46 in the world rankings with the figure of 15,650 dollars. What only 2 times lower than in Spain ($ 30,000), and 3-fold lower than in Germany (44,000 dollars)

  • Per capita GDP in foreign currency at the exchange rate
  • "Overtaking" of the Russian economy as some competitors.

Watch here.

So, as of 2013, the Russian economy is the second in the world after the U.S. (16.2 trillion. Dollars), China (13.6 trillion. Dollars), Indian (5.0 trillion. Dollars), Japan (4, 8000000000000. dollars) and German (3.3 trillion. dollars) with the index 2.6 trillion. U.S..

According to the World Bank in 2012, the Russian economy has bypassed the German.

4.Compare the productivity of labor and the average standard of living of the countries of the world by per capita GDP index at PPP.

In 1998, per capita GDP in PPP Russia amounted to 6260 dollars and Russia on this indicator was on the 69th place among the countries of the world. GDP per capita at PPP Iran was 6370 dollars, Brazil — $ 6,700, Turkey — $ 7,700, Malaysia — $ 8000, Estonia — $ 8,600, Venezuela — $ 8,800, Poland — 9100 dollars, Libya — 9100 dollars, Chile — 9300 dollars, Mexico — 9800 dollars, the Czech Republic — $ 14,000, Portugal — 16,500 dollars, Greece — $ 17,000, Cyprus — 17,900 dollars, France — 23700 dollars, Germany — $ 24,000 United States — 31,900 dollars.

In other words, in 1998, labor productivity and the standard of living of the population was below the Russia of many countries in Eastern Europe and South America, and Western European countries is 3-4 times, and the United States — to 5-fold.

In 2013, per capita GDP in PPP Russia totaled 18,700 (52 in the world). Left behind in Iran, Brazil, Turkey, Malaysia, Venezuela, Mexico and others. Not far from Chile — 19500 dollars, Poland — $ 21,500, Portugal — 23,200 dollars and Greece — 23,900 dollars. But still large backlog of France — 35900 dollars, Germany — $ 40,000 and the U.S. — 51,200 dollars.

That is, by 2013, labor productivity and living standards of the population is Russian about the level of the countries of South America and Eastern Europe, following Western European countries and the United States 1.25-2 times — by 2.7 times.

5. We analyze the changes in the financial strength of Russia in 1992-2013 years. Indicator of changes in GDP will be in foreign currency exchange rates.

In 1992, Russia’s GDP at the exchange rate was $ 86 billion. In this respect Russia has taken 35th The world. Passed forward himself Poland, Portugal, Thailand, Greece, Finland, Norway, Austria, Turkey, Argentina, Switzerland and other much larger countries (Brazil ($ 390 billion), Spain (612 billion dollars), Italy (1,278 billion dollars), Germany (2,068 billion dollars) and the U.S. (6342 billion dollars).

Amazingly, the financial strength of small (5-10 million) of European countries (eg Finland or Greece) was more than 145 million of financial power in Russia. If the size of the GDP at the exchange rate in the $ 86 billion budget size is determined by one or two (at most three) with tens of billions of dollars. Let us remember those times — both for Russia was important at the time assistance from foreign lenders at some nyneschnim by the standards of one billion dollars. And thus, in 1992, the Russian economy was 5 in the world.

By 2013, Russia’s GDP in foreign currency at the exchange rate "A few" grown up:

  • GDP change in foreign currency exchange rates
  • GDP change in foreign currency exchange rates

And Russiahas moved up 23 positions in the world rankings …

  • GDP in foreign currency at the exchange rate
  • GDP in foreign currency at the exchange rate

… becoming the eighth in the world behind the United States (16,200 dollars), China ($ 9,000), Japan ($ 5,100), Germany ($ 3,600), France ($ 2,700), Brazil ($ 2,500), UK (2400 dollars), with figure of 2213 billion dollars.

6. We compare how much increased purchasing power of our citizens in the purchase of imported goods and services. In many ways, it was determined by the change in GDP per capita in foreign currency exchange rates.

In 1992, per capita GDP in foreign currency at the exchange rate was 576 dollars and Russia has taken on this indicator 114th in the world ranking. Just below the rated siting Pakistan, Cambodia, Kenya, and a little higher — Sri Lanka, Angola, Mongolia, Indonesia, Senegal and others. That is, when checking out, for example, to travel to a third country, the purchasing power of residents of Russia was comparable with the purchasing power of the majority of the inhabitants of the Third World. For comparison — the per capita GDP in foreign currency at the exchange rate in Spain was $ 16,000, in France — $ 24,000, while the U.S. and Germany — by 25,000 and $ 26,000, respectively.

By 2013, per capita GDP in Russia foreign currency exchange rate grown:

  • Russia's per capita GDP in the foreign currency exchange rate
  • Russia’s per capita GDP in the foreign currency exchange rate

ahead of the 68 countries

  • Change in per capita GDP in foreign currency at the exchange rate
  • Change in per capita GDP in foreign currency at the exchange rate

… and to 46 in the world rankings with the figure of 15,650 dollars. What only 2 times lower than in Spain ($ 30,000), and 3-fold lower than in Germany (44,000 dollars)

  • Per capita GDP in foreign currency at the exchange rate
  • Per capita GDP in foreign currency at the exchange rate

As can be seen from the analysis, labor productivity in the economy and the purchasing power of incomes in the country has now reached or even exceeded the peak Soviet levels, thus breaking the general downturn 90s.

During the Soviet period, the purchasing power of citizens outside the country say, with rare exceptions, do not have to. And since 1992 the purchasing power of incomes outside the country (or on imported goods) has increased significantly, which determined a significant increase in outbound travel and the availability of imported goods in Russia.

PS For the skeptics, and others. Despite the fact that some of the indicators of GDP Russia reached or come close to the Western countries, one often hears that "there is cleaner than ours," "there is better way," "fast train" and so on. These are all examples of infrastructure that has been created over decades and centuries. Because, even though nynenshee slowdown in economic growth "is not the gut," but is not critical in a short period of time, as time is ticking in our favor — the country’s highest scores in the history of the various measures of GDP. What does the high rate of construction of infrastructure, production facilities and housing.

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