Russia returns to top 10 of world economies
(VOVWORLD) -Russia has returned to the top ten largest economies (ranking 8th) for the first time since 2014 after producing 2.3 trillion USD worth of goods and services in 2022, according to data from the World Bank and statistical services announced by Sputnik.
 Russia returns to top 10 of world economies for first time since 2014 (Photo: Sputnik) |
In 2014, Russia was the world’s 9th biggest economy, producing 2.05 trillion USD worth of goods and services. By 2021 it was the 11th biggest economy.
The US topped the list in 2022 with a nominal GDP estimated at 25.5 trillion USD. China ranked 2nd, followed by Japan, Germany, and India.
The World Bank says the Russian economy is performing significantly better than expected. The International Monetary Fund predicts Russia's GDP will grow 0.7% this year, on par with France.