Russia has a high economic potential, which consists of a wide raw material base, the presence of vast territories and human resources. However, in the modern world, the country is far from the highest position in terms of economy, yielding to recognized leaders in a number of important indicators.
Russian economy against the background of other states
One of the most important economic indicators, which gives an idea of the level of development of a country, is the volume of gross domestic product (GDP). We are talking about the total value of all goods and services produced in the state for the year. Over the past decade of the last century, Russia's GDP has been steadily declining, dropping to $ 650 billion. The country slipped by this indicator to about twelfth place in the world.
By the size of gross domestic product per capita, the Russian Federation in the 90s was ahead of about fifty states. The countries most developed in this regard — the United States, Japan, and Switzerland — had at least $ 20, 000 per capita, while in Russia at the turn of the century this parameter was about $ 3, 500.
Recently, the situation in the country's economy began to level off. According to regular studies conducted by the World Bank, by 2013 Russia was able to take fifth place in the ranking of world economies. Experts now compare Russia's GDP with Germany's. According to this indicator, the United States, China, India and Japan are still ahead of the Russian Federation.
