The President of Russia set the task: by 2024 the country should enter the top five of the world's largest economies. Similar orders by Vladimir Putin over the past ten years have sounded repeatedly, but Russia, with a GDP of $ 1.72 trillion ( IMF data ) in 2017, not only failed to enter the top five economies, but also to approach world leaders - USA, China, Japan, Germany and Great Britain. What can you not say about California - for the same ten years, the American state, which occupies only 2.4 percent of Russia's area, was ableto achieve great success and by the size of GDP (2.7 trillion dollars in 2017) to surpass not only Russia, but also larger economies. ..Russian authorities have been trying to introduce Russia into the world's top five economies for many years, but we have not succeeded in replicating the success of California, and Russia's nominal GDP lags behind the US state's gross domestic product by one trillion dollars. Despite this, the Kremlin does not lose its spirit: Vladimir Putin on May 7, 2018, on the day of his inauguration, signed a decree that Russia should enter the top 5 economies by 2024. Such statements the president made before: in 2007 the head of state said that Russia should enter the top five by 2017, in 2008 the border was pushed aside by the year 2020. In 2011, Putin made similar statements twice: according to the first (in June), the upper limit of Russia's entry into the top 5 economies of the world was postponed until 2021, according to the second (in September) - the head of state considered this task absolutely feasible by 2016 year. In 2012, Putin shortened this term: speaking to the State Duma , he said that "in the next two to three years, Russia will be among the five largest economies in the world" - that is, it should happen no later than 2015. However, against the backdrop of the global economic crisis of 2007-2008, sanctions against Russia, which followed in 2014 because of Ukraine and Crimea, the fall in oil prices and the weakening of the ruble, the task proved difficult to achieve. At the end of 2017, Russia's GDP grew by 1.5 percent, and inflation was the lowest in modern history (2.5 percent). .. However, despite these achievements, in the ten years that have passed since Vladimir Putin's first statement about Russia's entry into the top 5 economies, the country, according to the IMF, has not been raised in the list above the eighth position (in 2008, 2012, 2013), although it did not fall below the 12th (2009, 2015, 2016 and 2017). ..
However, according to the Russian Minister of Economic Development Maxim Oreshkin , the speech in the presidential decree is it's not about joining the list of the five largest economies in the world in terms of nominal or real GDP, but about the top 5 countries with the largest gross product at purchasing power parity. This indicator is considered very conditional: it is calculated in US dollars and establishes the purchasing power of the countries' currency in relation to one set of goods (for example, bigaku), eliminating the difference in prices and leveling the jumps in the exchange rates. This indicator is published annually by the IMF and the World Bank only for states. According to the IMF data for 2017 and World Bank data for 2016, Russia ranks sixth in the PPP GDP rank, the United States was in second place. Thus, according to the GDP of PPPs, Russia really was on the threshold of the top five leaders of the rating, and only one position separates it from entering the top 5.
However, the PPP GDP indicator, despite its widespread use, does not really give an idea of the welfare of people living in the territory of a country, but shows how much in US dollars all goods and services produced by Russia or any other country for the year. In order to assess the welfare of the population, economists usually use GDP per capita at purchasing power parity - an indicator that is calculated in US dollars and allows you to see how much a country produces goods and services per person per year. ..
Russia in this ranking does not fall even in the top 50 countries and takes, according to the IMF, 52nd place from 27.83 thousand dollars per person. The United States does not enter the top ten countries and takes 12th place from 59.5 thousand dollars per capita. https://lenta.ru/articles/2018/05/29/californication/
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IMO, capital (pun intended) ships, incl. new CVNs, will be very hard to justify building any time soon!
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GunshipDemocracy
I live in Eu and trust me times are changing here. for worse fr most of population. After 2007