Tuesday, December 2, 2014

California economy larger than Russia?

Yahoo: The decline in the price of oil, Western economic sanctions against the nation following its invasion of Ukraine, and the collapse of the Russian rouble that resulted, has decimated Russia's economy.
Now Russian GDP has shrunk so much it is no longer the world's eighth largest economic power, according to The Telegraph. Instead, Putin's Russia is now carries roughly the same economic weight as ... Spain:
Russia has lost its ranking as the world’s eighth biggest economy, shrinking in just nine months from a $2.1 trillion petro-giant to a mid-size player comparable with Korea or Spain.
They have a list:
(European Union     17,350,853)
1 United States     16,800,000
2 China     9,240,270
3 Japan     4,901,530
4 Germany     3,634,823
5 France     2,734,949
6 UK       2,521,381
7 Brazil     2,245,673
8 Russia     2,096,777
9 Italy      2,071,307
10 India     1,876,797
11 Canada     1,826,769
12 Australia     1,560,597
13 Spain     1,358,263
14 S Korea     1,304,554
15 Mexico     1,260,915

No comments: