OREANDA-NEWS  The Russian economy became the fourth economy in the world in terms of purchasing power parity - back in 2021, and in the next two years it retained these positions, according to RIA Novosti calculations according to the World Bank.

On Thursday, the World Bank updated data on purchasing power parity indicators: it follows that in 2021 Russia became the fourth economy in the world with a share of 3.8% of global GDP, surpassing Japan (3.7%) and Germany (3.4%).

Russia's GDP at purchasing power parity in 2021 amounted to 5.7 trillion dollars, Japan - 5.6 trillion dollars, and Germany - 5.2 trillion dollars.

In the next two years, the situation persisted, RIA Novosti estimated. The Russian economy grew to $6 trillion in 2022 and $6.45 trillion last year. At the same time, Japanese GDP increased to 5.9 trillion and 6.3 trillion dollars, and German GDP increased to 5.5 and 5.9 trillion dollars, respectively.

China remains the absolute leader in terms of the size of the economy, recalculated by purchasing power parity, in 2021-2023 - its GDP reached 35 trillion last year. The second place is occupied by the United States with 27.4 trillion last year. India closes the top three with $14.6 trillion.

According to the results of 2022, the World Bank reported that Russia became the fifth economy in the world, pushing Germany into sixth place. However, the calculations of the purchasing power parity indicator were based on data for 2017, and on Thursday they were updated with data for 2021.

Russian President Vladimir Putin previously set the task of reaching the fourth place among the world's economies and instructed the Cabinet of Ministers to prepare measures to achieve this goal by March 31, 2025.