The economy of Russia is smaller than that of South Korea

Cameron Peterson
Cameron Peterson

The economy of Russia is smaller than that of South Korea. Shocking.

All urls found in this thread:

tradingeconomics.com/russia/wage-growth/forecast

Thomas Fisher
Thomas Fisher

Below the fucking leaf

Colton Bell
Colton Bell

And then you woke up.

Oliver Hall
Oliver Hall

PPP adjusted GDP is a meme to make poor nations with many people feel adequate.

Jayden Brooks
Jayden Brooks

using PPP to compare economies
t.brainlet

Brandon Collins
Brandon Collins

india and turkey are bigger jokes 2bh

Lucas Morgan
Lucas Morgan

elaborate

Elijah Smith
Elijah Smith

GDP
fucking gay
All that matters is military power

Luis Ross
Luis Ross

Russian need to become part of EU:^)

Anthony Cooper
Anthony Cooper

This
Only gay care about GDP

Brandon Cook
Brandon Cook

Ackbaar surely you jest

Ethan Butler
Ethan Butler

PPP uses real prices (they take into account how much a standard basket of goods costs) instead of nominal prices. That's useful for calculating parameters such as human development, gdp per capita and the quality of life, but it's pretty useless if you compare national economies.

Wyatt Harris
Wyatt Harris

so that means russias economy is actually 5th largest, but produces shit nobody wants?

Hudson Ramirez
Hudson Ramirez

EU need to become part of Russia.
All will be poor then and it will make me happier

Asher Clark
Asher Clark

No, that means that Russians, in a scenario in which they only buy Russian products sold in Russia, could stock more things than Koreans if Koreans did the same with Korean products sold in Korea.

To simplify: let's assume there are two guys with 10$ each. If one lives in Tokyo and the other one in Manila, the one in Manila will be considered richer because he can probably buy three meals in Manila, while in Tokyo it would be barely sufficient for one meal.

Eli Sanders
Eli Sanders

Who will end Russia's suffering?

Luke Torres
Luke Torres

Cred Forums$
Fake GDP

Adrian Diaz
Adrian Diaz

Except there is no such thing as nominal prices and nobody uses nominal GDP in real life.

Connor Watson
Connor Watson

California is above France

Jacob Rodriguez
Jacob Rodriguez

Haha imagine being Russia. You have the largest country in the world. You have oil, mineral, fertile land, literally everything you need to prosper. You were the first to space, and led the world in maths and sciences just a few decades ago. Now you are poorer as a nation than South Korea which is 100th your size and has a few rice paddies as its resources. Lmao

Jonathan Allen
Jonathan Allen

I'm as shocked about this as you are, user.

Jeremiah Parker
Jeremiah Parker

Japan, you're a big boy.

Gavin Perez
Gavin Perez

So I can buy 10 guns in China for the price of 1 gun in America?

How is this not relevant?

Benjamin James
Benjamin James

But Japan was overtook by China.

Michael Phillips
Michael Phillips

South Korea has 51 million suicidal depressed alcoholic automatons

Oh wait, I guess they are similar.

Camden Miller
Camden Miller

That's literaly has nothing to do with how PPP works. Learn about differences between exchange rates and real exchange rates before posting.

Matthew Carter
Matthew Carter

Russian girls are qt than korean girls
and have bigger tits
It would be better being russian

Wyatt Martinez
Wyatt Martinez

italy
9th
?????

Nathaniel Carter
Nathaniel Carter

Good. More Russian women for us.

Lucas Brown
Lucas Brown

thx maga

Carter Davis
Carter Davis

If only there was a certain economic system practiced by Russia throughout the 20th century that crippled its economy. Now I just wonder what that could have been.

Sebastian Green
Sebastian Green

Don't worry, we'll end up lower soon.

Brayden Cook
Brayden Cook

This excuse doesn't work. Korea is literally split in half. China is "communistic" too. Half of Germany was under communism too and while Eastern Germany is still poorer than Western it doing better economically than Russia.

Wyatt Torres
Wyatt Torres

Being ruled by the most corrupt mafia on earth might have something to do with that.

Aaron Murphy
Aaron Murphy

It means the country is a very important market, but the people are still very poor.

There are markets that are of little importance, like Andorra and Liechtenstein, but where each citizen is usually doing very well.

Daniel Lewis
Daniel Lewis

Now you are poorer as a nation than South Korea
You should use GDP PPP per capita to see who's poorer, not nominal GDP, but obviously Russia is poorer in terms of individual wealth.
Nominal GDP is more the financial index, than index of "who's richer". Russia devalued its currency 3 years ago to compensate low oil prices, so nominal GDP dropped by 40%, but that doesn't mean real economy is now 40% smaller. Weak currency is actually a good thing for export-oriented countries, but such measures should've been done years ago. Well, better late than never. But it's the reason you see such a massive drop in our nominal GDP, you can laugh all you want, but it's making our economy healthier - it's becoming less dependent on natural resources.

Noah Foster
Noah Foster

Now you are poorer
Russia was always poor. You can be pure and do math in the same time.

Kayden Bailey
Kayden Bailey

Russian economy before communism was even shittier

Leo Bennett
Leo Bennett

you have oil
Pretty shitty one and we sell as much as 30mln Saudi Arabia does, so it's not that profitable for us.

Joshua Myers
Joshua Myers

How all those mental gymnastics change the fact that we became even poorer than we were?

Adrian Hernandez
Adrian Hernandez

The problem is not that it's shitty, but that oil from the Arctic region is quite expensive to extract, net cost is around 40$ by current exchange rates and it was $70 before we devalued the currency. It's pretty stupid to think that if your country have some resources you instantly become rich. It works when you live in the sands with easy access to warm water ports and the population of 5 million, but not when you live in a huge frozen wasteland with 150 million population.

Cameron Powell
Cameron Powell

Debatable. It was certainly better off before the Civil War.

Lincoln Miller
Lincoln Miller

Because of Putin, corruption etc. Hey! thats not funny

Easton Bailey
Easton Bailey

Hi again, Nikita.
I already explained why nominal GDP is lower.
2017 had the lowest inflation in Russian history, around 2% as I recall. You should update your pic.
Internal debt of 25% is actually a low figure. Btw, both state and external debts are in decline after 2015.
Your charts also shows that our income is growing right now. It's not that good when you have high inflation at the same time, but we've had the record lowest inflation the previous year.
Actual statistics about real wage growth:
tradingeconomics.com/russia/wage-growth/forecast
Also, picrelated is our current trends in Russian economy.

Josiah Walker
Josiah Walker

There were lack of needed reforms and Nikolay II was late with industrialization, but I agree with you overall.

Joseph Morris
Joseph Morris

Гoвнo кpeмлeбoтcкoe, зapплaты нe измeнилиcь, a вce цeны выpacли минимyм в двa paзa.
Moй кoмп из 2014 cтoит в двa paзa дopoжe ceйчac.
Пpocтo yбeй ceбя.

Leo Harris
Leo Harris

aгpoшкoльник вмecтo peaльнoй cтaтиcтики мepяeтcя cтoимocтью импopтных кoмплeктyющих
Кaк милo. He пpoгyливaй ypoки экoнoмики и pyccкoгo языкa, няшa.

Thomas Sanders
Thomas Sanders

total collapse when?

Dominic Wood
Dominic Wood

The economy of Russia
Nice joke.

Angel Fisher
Angel Fisher

/biz/

Robert Davis
Robert Davis

Dude Russia always in war and bloodshed. No time for prosperity.

Leo Price
Leo Price

Estimates 2017
Fake news

Lincoln Russell
Lincoln Russell

fertile land
frozen wasteland, It's a miracle and a testament to the russian spirit they got as big as they have.

Jason Lee
Jason Lee

They collapsed less than 3 decades ago, it's not gonna happen again anytime soon. If you want a Russian wife, just go there right now and get one.

Isaac Diaz
Isaac Diaz

5 France
6 United Kingdom

Don't care about the rest

Isaac Sanders
Isaac Sanders

India
superpooper2020

Colton Clark
Colton Clark

Cчacтьe пo видeoкapтe.

Joshua Brooks
Joshua Brooks

the fuck? Did the UK fall below France because of Brexit?

Jackson Ortiz
Jackson Ortiz

Imagine how much more productive mankind would be if we had won the war and all the natural resources of Russia would be managed by Germans, Finns and Japanese.

Nathaniel Martinez
Nathaniel Martinez

Stop making fun of Russia

Colton Long
Colton Long

That is exactly how PPP works.

Nominal is total money, PPP takes national rates into account.

His example was a good one.

Aaron Anderson
Aaron Anderson

tfw you're better off than your colonies by one position
Wew, dodged a bullet there

Colton Perry
Colton Perry

has anyone done more to damage their country in the long term than lenin?

Julian Ross
Julian Ross

No, we also have one of those they keep making us fight Arabs for them

Kevin Long
Kevin Long

Russia has always been backwards and always will.

Jose White
Jose White

australia is about to overtake russia, let that be a lesson to anyone else who wants to cross us

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