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qwytw01/23/20251 replyview on HN

> 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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cpursley01/23/2025

Their debt to GDP ratio was 14.6% at the end of 2024, a decrease from 2023. US is 123.1% of GDP while Ireland is at 42.7%. And PPP is the number that matters - its one of the big factors which governs quality of life, at which price you can produce and sell widgets, bushels, etc. And btw, that guns/butter calculus also applies to the US, etc.

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