3 minutes agoRussian economy under Putin's rule has grown 600% over 17 years
Periskopi(8 years ago)
(8 years ago)Vladimir Putin's first presidential election was won in 2000. Since then, the Russian economy has been completely transformed in terms of raising the quality of life. Para-governing Putin, Russia had a GDP 9, 889 per capita by the Barbare Power (PPP). Currently, the numbers have tripled to $27, 900. Russia [...]
Para-governing Putin, Russia had a GDP 9, 889 per capita by the Barbare Power (PPP). Currently, the numbers have tripled to $27, 900. Russia has the highest per capita GDP followed by other countries, such as China with 16, $624.
The PPP takes into account the relative cost of living and countries' inflation rates in order to compare living standards in various countries.
The average monthly nominal payments have increased 11fold from $61 to $662. Unemployment has been reduced from 13 per cent to 5.2 per cent. And pensions have increased by $1.000 from $20 to $2221.
Russia is the sixth country in the world in economic power to 4 trillion. PwC has predicted for 2015 that the Russian country will be Europe's largest economy, leaving Germany and Great Britain behind.
If we returned in 1999, it had a GDP of $620 billion. Over 18 years, the economy has grown to 600 per cent.
The inflation rates have dropped from 36, 5 per cent to 2, 5 per cent by the end of 2017./Periscopi/
