The two-year war in Ukraine proved that purchasing power GDP is more reliable economic indicator than nominal GDP in wartimes. Many believed that Russia would collapse under the weight of the unprecedented thousands of sanctions against it. Because they rated Russia's economy based on nominal GDP.
GDP is a purely politically motivated statistic. After it turned out that 50% of the Earth's GDP cannot give the front what gives 2% of the planet's GDP, it is necessary to abandon estimates based on GDP and develop something else to assess the economy.
@@varsoo1 _Comparing the economies of countries based on GDP is like trying to compare the milk yields of cows based on the swarm of mosquitoes around them._ *GDP is calculated by different sectors:* primary (mining, farming), secondary (manufacturing, building), tertiary (services, tourism, education). At the end of 2022, the US GDP was $25 trillion, including the primary sector - 1%, the secondary sector - 19% and the tertiary sector - 80%. China's GDP was $18T, with primary - 7%, secondary - 40% and tertiary - 53%. Japan's GDP was 4.2T, primary - 5%, secondary - 20% and tertiary - 75%. Russia's GDP was $2.2T primary - 20%, secondary - 70% and tertiary - 10%. In total, in Russia, primary and secondary account for 90%, in China - 47% and in the US and Japan - 20-25%. The ratio of extractive vs manufacturing is much worse in USA than in Russia. America's economy is heavily dependent on services(80%), which is why it's called the "Zombie Economy". *How can Russia possibly lose a war against the West in this scenario?*
@@varsoo1 The US economy is heavily dependent on financial markets, with 75% of its income coming from them. The daily turnover of the US dollar is around $11 trillion, which adds up to about $3.6 trillion per year. Of this, around $27 trillion is attributed to financial services and loans. This contributes around $16-17 trillion to the US GDP, while industrial production accounts for $3.5 trillion - of which around $3 trillion comes from equipment supplied by countries like China, India, Russia, Singapore and Japan. Instead of having their own industry, the US relies on other countries to supply them with finished products. For example, Russia has a real production of $1.2 trillion - more than the US, which only has $0.5 trillion in real production. The current crisis is going to last around 5-7 years, and during that time, the power balance in the global economy is going to seriously shift. For example, China, with a GDP of around $16 trillion and domestic subsidies that are 25% of its gross domestic product, is going to "drop" by about half. We calculate this by doubling the percentage of domestic subsidies compared to GDP. The US, with a "fake" GDP of $21-22 trillion and an actual GDP of $15 trillion, is also going to "fall" to around $7-7.5 trillion. Western Europe is predicted to have the same level if the EU doesn't break up (in which case, the drop will be even more than 50%). Russia, with an official GDP of $1.7 trillion and PPP (purchasing power parity) of $3.5 trillion, could get rid of IMF instructions and start domestic investment projects. By bringing the economy's monetization up to the global average and investing rationally in development, Russia has every chance of getting out of the crisis with an GDP of $8-8.5 trillion, which is more than the US, China, and the EU. To compare, in 2023, China's monetization is 212%, France's is 130%, Germany's is 100%, the US's is about 85%. Russia's is only 54%. Brazil's is 50% and India's is just 26%
5,5trln $ Russia no real, +6 trillions? Germany low 5trillions...100% debt, and France Great Britain too, Japan debt +400%... Russia #3... Indonesia Brazil gogogo high
Source: wikipedia.org
(GDP PPP)
en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)
This year Russia is over Germany. Even data from March is showing that. datacatalog worldbank, your mistake was using Wikipedia for this video.
The two-year war in Ukraine proved that purchasing power GDP is more reliable economic indicator than nominal GDP in wartimes. Many believed that Russia would collapse under the weight of the unprecedented thousands of sanctions against it. Because they rated Russia's economy based on nominal GDP.
Yeah GDP PPP gives us a much better idea of the real economy
GDP is a purely politically motivated statistic. After it turned out that 50% of the Earth's GDP cannot give the front what gives 2% of the planet's GDP, it is necessary to abandon estimates based on GDP and develop something else to assess the economy.
@@aluminumucumber4281 what? in english
@@varsoo1 _Comparing the economies of countries based on GDP is like trying to compare the milk yields of cows based on the swarm of mosquitoes around them._
*GDP is calculated by different sectors:*
primary (mining, farming),
secondary (manufacturing, building),
tertiary (services, tourism, education).
At the end of 2022, the US GDP was $25 trillion,
including the primary sector - 1%,
the secondary sector - 19%
and the tertiary sector - 80%.
China's GDP was $18T,
with primary - 7%,
secondary - 40%
and tertiary - 53%.
Japan's GDP was 4.2T,
primary - 5%,
secondary - 20%
and tertiary - 75%.
Russia's GDP was $2.2T
primary - 20%,
secondary - 70%
and tertiary - 10%.
In total, in Russia, primary and secondary account for 90%, in China - 47% and in the US and Japan - 20-25%. The ratio of extractive vs manufacturing is much worse in USA than in Russia.
America's economy is heavily dependent on services(80%), which is why it's called the "Zombie Economy".
*How can Russia possibly lose a war against the West in this scenario?*
@@varsoo1 The US economy is heavily dependent on financial markets, with 75% of its income coming from them. The daily turnover of the US dollar is around $11 trillion, which adds up to about $3.6 trillion per year. Of this, around $27 trillion is attributed to financial services and loans. This contributes around $16-17 trillion to the US GDP, while industrial production accounts for $3.5 trillion - of which around $3 trillion comes from equipment supplied by countries like China, India, Russia, Singapore and Japan. Instead of having their own industry, the US relies on other countries to supply them with finished products. For example, Russia has a real production of $1.2 trillion - more than the US, which only has $0.5 trillion in real production.
The current crisis is going to last around 5-7 years, and during that time, the power balance in the global economy is going to seriously shift. For example, China, with a GDP of around $16 trillion and domestic subsidies that are 25% of its gross domestic product, is going to "drop" by about half. We calculate this by doubling the percentage of domestic subsidies compared to GDP. The US, with a "fake" GDP of $21-22 trillion and an actual GDP of $15 trillion, is also going to "fall" to around $7-7.5 trillion. Western Europe is predicted to have the same level if the EU doesn't break up (in which case, the drop will be even more than 50%). Russia, with an official GDP of $1.7 trillion and PPP (purchasing power parity) of $3.5 trillion, could get rid of IMF instructions and start domestic investment projects. By bringing the economy's monetization up to the global average and investing rationally in development, Russia has every chance of getting out of the crisis with an GDP of $8-8.5 trillion, which is more than the US, China, and the EU. To compare, in 2023, China's monetization is 212%, France's is 130%, Germany's is 100%, the US's is about 85%. Russia's is only 54%. Brazil's is 50% and India's is just 26%
*INDIA 15 TRILLION SOON* ✌✌✌🇮🇳🇮🇳🇮🇳
Gdp alag hay gdp ppp alag hay
Ha to anfad tu hai! Video ca caption pdh@@palashsamanta6282
💩
Incredible video ❤
💙
🇸🇮🤝🏻🇧🇩🤝🏻🇨🇳
India 🇮🇳 is 3rd will become 2nd in next decade
100%❤
India will surpass USA
@@walterjurewicz1567 much better than your country and cry more 😂 lol
😂😂still performing far better than any country including yours😂😂😂balrace urself for embarrassment in 10 yrs😂😂😂@@walterjurewicz1567
India gdp: 🗿
India gdp pc: 🤏
Can you do ranking of gdp ppp per capita?
How about singapore
India 15 trillion
Gdp ppp
Brasil 🇧🇷
Where is singapore
5,5trln $ Russia no real, +6 trillions? Germany low 5trillions...100% debt, and France Great Britain too, Japan debt +400%... Russia #3... Indonesia Brazil gogogo high
Usa?
Russian GDP PPP is actually much greater, it's the forth economy in the world in terms of this value.
@@The_Wild_WorldJapan is much bigger about 6.8 trillion
@@Hasanaljadid according to the latest data by the world Bank, Russia is bigger than Japan.
@@The_Wild_WorldNo lol Russia is like 5 trillion
Love from pakistan 🇵🇰🎋
Egypt GDP is Currently $377 Billion & it's Decreasing
He mean gdp per ppp
1. USA 🇺🇸 = 27.8 Trillion
2. China 🇨🇳 = 17.9 Trillion
3. Germany 🇩🇪 = 4.5 Trillion
4. Japan 🇯🇵 = 4.18 Trillion
India 4.11 trillion dollars 🇮🇳🇮🇳💹💹
Gdp ppp
Cry kid
GDP nominal is a useless metric
3.93 trillion us dollars currently @@nayanroy1470
Türkiye number eleven 🇹🇷💖
Uzbekistan 57. 401b
Bangladesh 🎉
Bangladesh 35 trillion running
Vietnam 2,30trillion 2026.
11. Ottomans...sorry Turkiye
Thanks🙏🙏🙏🌹🌹🌹🌹 for me😭😭 How many more years old and🚩🚩🚩 I💪💪💪💪 do
Bangladesh tap 25
🇨🇩🇨🇩🇨🇩🇨🇩drc
🇮🇷🇮🇷🇮🇷
1 like
China 🇨🇳 having that much more than the US might be explained by exports.
No because they just have much higher growth, far better infrastructure, way more investment etc etc
rusia 💩💩💩💩💩💩💩💩💩💩💩💩💩💩
You-🤡
This all wrong
You can find the information on the internet. The numbers are correct.
@@reineh3477 Yes but you go by "nominal" not Purchasing power parity (PPP).
False information ❌
It's GDP... per ppp
Everything in this video is wrong.
Yeah we are all rich now 😂🎉
😂😂😂😂😂
Bangladesh