Ukraine as the "trial" case?
Ukraine as the "trial" case?
Russia's GDP in the late 1980s was around half a trillion dollars. Today it's around $1.3 trillion. Accounting for even a small amount of annual inflation, they've grown the economy by perhaps 20% to 30% over 30 years. And that's coming from an extremely backwards Communist system.
Russian GDP has dropped since 2014 due to sanctions. If you look at prior to sanctions, growth is more impressive.
From [1]:
GDP (USD billion) 1990 2014 --------------------------------- UK 1093 2999 India 317 2035 Russia 517 2064
Recent growth is much stronger [2] [3].
[1] https://www.google.com.au/publicdata/explore?ds=d5bncppjof8f...
[2] https://www.reuters.com/article/us-russia-gdp/russias-gdp-gr...
[3] https://www.focus-economics.com/countries/russia/news/gdp/ec...