29.04.2025, 09:18
Russia's share in the global economy has grown to its highest level since 2021
Source: OREANDA-NEWS
OREANDA-NEWS By the end of 2024, Russia's share in the global economy has grown to its highest level since 2021, reaching 3.54 percent. This is reported by RIA Novosti with reference to data from the International Monetary Fund (IMF).
In its analysis, the organization used the first estimate of Russia's GDP for 2024. The second one is available now. According to the latter, the Russian economy, calculated at purchasing power parity, increased to $6.94 trillion last year. In 2023, the figure was 6.48 trillion. Thus, the increase reached 460 billion in 12 months.
As a result, Russia's contribution to the global economy in 2024 increased by 0.05 percentage points (pp) compared to the indicator for 2023. The achieved result turned out to be the highest in the last few years. It was higher in 2021, when Russia's share in the global GDP structure was estimated at 3.64 percent. Since 2014, the indicator has increased by 0.15 percentage points.
China turned out to be the leader in this indicator, having increased its share in the global economy to 19.45 percent last year. The United States came in second place with a score of 14.88 percent, while India rounded out the top 3 (8 percent). The top five also included Japan and Germany (3.33 and 3.06 percent, respectively).
Earlier, Russian Prime Minister Mikhail Mishustin announced the record-breaking growth of the Russian economy. By the end of 2024, he noted, the nominal size of the national GDP increased to 200 trillion rubles. This dynamic was largely achieved due to the significant growth of the manufacturing industry. As a result, the head of government said, Russia has gained a foothold in the four largest economies in the world in terms of purchasing power parity.
In its analysis, the organization used the first estimate of Russia's GDP for 2024. The second one is available now. According to the latter, the Russian economy, calculated at purchasing power parity, increased to $6.94 trillion last year. In 2023, the figure was 6.48 trillion. Thus, the increase reached 460 billion in 12 months.
As a result, Russia's contribution to the global economy in 2024 increased by 0.05 percentage points (pp) compared to the indicator for 2023. The achieved result turned out to be the highest in the last few years. It was higher in 2021, when Russia's share in the global GDP structure was estimated at 3.64 percent. Since 2014, the indicator has increased by 0.15 percentage points.
China turned out to be the leader in this indicator, having increased its share in the global economy to 19.45 percent last year. The United States came in second place with a score of 14.88 percent, while India rounded out the top 3 (8 percent). The top five also included Japan and Germany (3.33 and 3.06 percent, respectively).
Earlier, Russian Prime Minister Mikhail Mishustin announced the record-breaking growth of the Russian economy. By the end of 2024, he noted, the nominal size of the national GDP increased to 200 trillion rubles. This dynamic was largely achieved due to the significant growth of the manufacturing industry. As a result, the head of government said, Russia has gained a foothold in the four largest economies in the world in terms of purchasing power parity.
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