MOSCOW April 01. 2024 (Saba) - The Russian government seeks to raise the economy from fifth to fourth place on the list of the world's largest economies according to purchasing power parity.
According to the Russia Today website, Russian President Vladimir Putin on Monday commissioned the government to prepare a set of procedures and measures to achieve the economic goal, and the government must submit a report by March 31, 2025.
Russia occupies fifth place globally in the list of the world's largest economies according to purchasing power parity and not much separates it from Japan, which holds fourth place.
According to Russian officials, the Russian economy has the capabilities to prevail over its Japanese competitor.
Based on the World Bank’s classification of world economies for the year 2022 according to purchasing power parity, Russia ranks fifth after China, the United States, India and Japan.
The Russian economy separates about $380 billion from the Japanese economy
In 2023, the Russian economy achieved outstanding performance, growing by about 3.6%, ahead of advanced economies and becoming first in Europe and fifth in the world based on the purchasing power parity standard.
H.H
resource : Saba
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