For more than a year, the Western nations, led by the US, have been attempting to collapse the Russian economy without success.
A recent report has revealed that Russia has returned to the top ten largest economies in the world for the first time in eight years. This is based on calculations using data from the World Bank and national statistical services.
In 2022, Russia produced $2.3 trillion worth of goods and services, ranking eighth in the world. Russia had dropped out of the top ten in 2015 but was ranked ninth in 2014 with $2.05 trillion. In 2021, Russia was ranked eleventh.
The United States remained the world’s largest economy in 2022 with a nominal GDP of $25.46 trillion. China came in second with $17.94 trillion, while Japan held the third position with $4.17 trillion. Germany remained in fourth place with a GDP of $4.07 trillion, while India was in fifth with $3.4 trillion. The UK retained sixth place with $3.07 trillion, and France remained seventh with $2.78 trillion.
Canada was ranked ninth in 2022 with a nominal GDP of $2.14 trillion, while Italy dropped to tenth place with $2.01 trillion, losing two positions in a year. Meanwhile, South Korea dropped three positions and took 13th place at the end of last year, falling out of the top ten.
The ranking of countries by GDP for 2022 was based on the latest annual or quarterly data provided by national statistical services in state currencies and recalculated in dollar terms at the average rate for the corresponding period if necessary. The report also used World Bank data for 2021.
This is another sign that the practice of covertly isolating a country by using sanctions has in fact an opposite effect. It actually makes a country stronger.
