Russia is in the top 10 countries with the highest economic growth rate in the 21st century.
(Baonghean.vn) - According to RIA Novosti's analysis of data from the International Monetary Fund and the World Bank, the Russian economy has ranked 10th among the world's major economies in terms of growth in USD terms since the 21st century.
According to RIA Novosti, information is provided for economies with a GDP of $100 billion or more: at the end of the 20th century there were 35 countries, and by the end of 2023 there were 68.
Russia's GDP has increased 7.7 times in 23 years, to more than $2 trillion, from $260 billion at the end of the 20th century.
The fastest growing economy is recorded in Ethiopia - a member of BRICS, since the beginning of the 21st century, its GDP has increased 19.4 times, to 160 billion USD. Next is China - a country with a GDP increase of 14.6 times, reaching 17.7 trillion USD. Third place is Kazakhstan, where the economy has grown 14.2 times, from 18.3 billion at the end of the 20th century to 261 billion USD.
Vietnam ranked 4th in terms of growth rate - GDP increased 13.9 times, to 434 billion USD; Qatar ranked 5th - increased 13.2 times, to 234 billion USD.
Also in the top 10 are Romania - up 9.3 times, reaching 346 billion USD; Kenya - up 8.6 times, to 109 billion USD; Bangladesh - up 8.4 times, to 446 billion USD, and Indonesia - up 8.3 times, to 1.4 trillion USD.
Apart from Ethiopia, Russia, and China, India’s GDP has grown the fastest among the BRICS. Its economy has grown 7.6 times since the beginning of the 21st century. Other BRICS members have also seen significant growth, such as: UAE’s 4.8 times; Egypt’s 4 times; Brazil’s 3.3 times; and South Africa’s 2.5 times.
The only country whose GDP in US dollars has fallen since the turn of the century is Japan, a member of the G7. Its economy has shrunk by 15%, to US$4.2 trillion, from US$5 trillion at the end of the last century.
The slowest GDP growth rates in recent years were in Greece, where the growth rate was only 83%; Puerto Rico - 88%, and Italy (G7 member) - 97%. Among other G7 member countries, the US increased 2.7 times; Germany - 2.3 times, France - 2.2 times and the UK - 2 times./.
