According to the World Bankб Russia has become the fourth largest economy in the world in terms of purchasing power parity (PPP), a development that occurred at the end of 2021. Rhod Mackenzie looks at why it was not until 2024 that this was identified
00:00 Introduction
00:59 In 2024 World Bank using new data identifies Russia in 4th place in PPP
02:04 Russia moved ahead of Japan in PPP GDP in 2021
03:22 The year for statistical reference was changed from 2017 to 2021
05:54 Russia's domestic GDP growth after the pandemic and despite sanctions
08:22 With Japan's stagflation and Germany's recession Russia will stay in 4th place
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