Earlier quoted context omitted.
Huh, so you're claiming that GDP data and such is not correct? Any source on that? Because I see multiple sources reporting that in 2023 the GDP of Russia was $2,009,959M and that of Italy was $2,300,941M, although Italy has a higher debt %. Which would confirm the original posters claim considering Italy is a much, much smaller country than Russia. What I find a common trope is people claiming facts are incorrect wi…
At the start of Feb 2025 USD was 100 RUB, a few days ago it was 85 RUB. Does this mean their nominal GDP grew by 15% in one month? In some cases it's fine to use Nominal GDP while in other cases, you should use GDP PPP instead. When you look at PPP figures, Russia's economy is on par with Germany or Japan. https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP) Anders Puck Nielsen just published an interesting v…
The Russian economy cannot produce half of what Germany or Japan can. That means they have to import it. Which means the truth is somewhere between PPP and nominal GDP. (The simplest statistical treatment is to PPP domestic industries and nominalise imports, but that’s really an analysis one must do oneself as the assumptions are too numerous for convincing someone who’s already concluded adversely.)