Did you know that Russia was the worlds 5th largest economy in 2022 by GDP in purchasing power parity? No? Neither did I until I came across it on a World Bank GDP chart. That must be one of the biggest and best kept secrets around. The lamestream barely covered that juicy tidbit if they gave it any coverage at all. Had anyone asked me I might have guessed Russia had an economy about the size of Argentina or maybe Portugal. But fifth largest!!!  What the hell???

Bigger than Canada, bigger than France and the UK….bigger than Germany. Wow.

So they had a genuine right to be part of the G8 based on their weight alone. Here is the chart if you are curious. It was produced by the World Bank and IMF. Below that is a link with a little more explanation showing all nations courtesy of World Economics. Shocker. And an even bigger surprise is that given the sharp drop off in China’s population that is anticipated due to its high median age, Russia could reach number one economy in the world after 2050 based on its growth trajectory.

World Economics – Official Country Data of GDP expressed in PPP for 2022 and 2023

https://www.worldeconomics.com/Indicator-Data/Economic-Size/Revaluation-of-GDP.aspx