MOSCOW, May 31. The Russian economy in terms of purchasing power parity became the fourth economy in the world — back in 2021, and in the next two years retained these positions, it follows from calculations according to the World Bank.
The organization on Thursday updated data on purchasing power parity indicators: it follows that Russia took fourth position with a share of 3.8% of global GDP in 2021, displacing Japan (3.7%) and Germany (3.4%). ).
Russia's GDP at purchasing power parity in 2021 was $5.7 trillion, Japan's was $5.6 trillion, and Germany's was $5.2 trillion.
In the next two years, the situation preserved, counted. The Russian economy grew to six trillion dollars 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 — to 5.5 and 5.9 trillion dollars, respectively.
China remains the absolute leader in terms of the size of the economy, recalculated using purchasing power parity, in 2021-2023 — its GDP reached 35 trillion dollars last year. The United States is in second place with 27.4 trillion last year. India closes the top three with 14.6 trillion dollars.
At the end 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 2017 data, and on Thursday they were updated to take into account 2021 data.
Russian President Vladimir Putin had previously set the goal of reaching fourth place among the world's economies and instructed the Cabinet to prepare measures to achieve this goal by March 31, 2025.