> Their debt to GDP ratio was 14.6% at the end of 2024, a decrease from 2023

Allegedly almost half of their defense budget since the war began was funded through private forced loans issues by banks directly to (effectively state owned?) military contractors. So that's not reflected in their military budget.

Also I doubt Russia could borrow a lot on the international markets even if they wanted to. Certainly not cheaply (like the US or especially Eurozone countries)

> And PPP is the number that matters - its one of the big factors which governs quality of life

Again... Russia's GDP per capita is still quite low (even if significantly higher than nominal).

Also if your nominal GDP is inflated by defence spending and energy exports and you multiply it with PPP (i.e. consumer price index) what exactly do you get?

> PPP is the number

Metrics adjusted by PPP might. What do you mean by PPP as such? The multiplier itself? https://data.worldbank.org/indicator/PA.NUS.PPPC.RF?most_rec...

Generally low prices indicate that the country is poor overall.

> its one of the big factors which governs quality of life,

PPP adjusted GDP per capita? Really? That's certainly not the best indicator of those things (even if there is strong correlation overall).

Do you think a median person in Ireland is 30% better off than the average Swiss or 2x better off than the average German?

Anyway, going back to Russia. If e.g. $100 comes in into the country through energy exports and is spent making bombs and other equipment what fraction do you think trickles down to the local economy?