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cpursley01/22/20254 repliesview on HN

Not according to the World Bank:

https://thedocs.worldbank.org/en/doc/d5f32ef28464d01f195827b...

Furthermore, they became #4 GDP PPP last year and and were reclassified as a high income country.

https://www.intellinews.com/russia-s-economy-is-booming-3289...

The poorer regions are actually benefiting from high contract salaries. How sustainable that is, guess we'll see.


Replies

infecto01/23/2025

What in there contradicts what I said?

- They are run by the mob

- They export a lot of natural resources but don’t have a strong manufacturing base. They don’t have high tech, they don’t export many manufactured items to developed countries. It’s a mob run country, resources are easy to extract.

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qwytw01/23/2025

> they became #4 GDP PPP

That doesn't mean much on its own. Their per capita GDP is still low.

Also arguably their GDP figures are worth even less than Ireland's. A huge proportion of Russia's economy is tied in military production (and huge proportion of that is funded through debt).

If you make a rocket worth $1 million and then blow it up the next month that cost is obviously included in GDP but it's literally the equivalent of burning money/productivity.

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andrepd01/23/2025

Goes to show how much GDP is a good measure (or target) to aim for.

dinkumthinkum01/24/2025

No, no, just no. I don't care what the website says. People in Russia are quite economically depressed. You might want to visit and talk to real people instead of web pages. Visit the Far East.

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