Sergey Drobyshevsky, Principal Researcher at the Gaidar Institute, in a commentary for Rossiyskaya Gazeta said what helped Russia to retain the fourth place in the world list of countries by GDP in purchasing power parity (PPP).
According to the World Bank, Russia firmly retained its position as the world’s fourth largest economy in 2024. According to the latest estimates, the size of the Russian economy amounted to $6.92 trillion in PPP terms. While Japan’s GDP only grew to $6.4 trillion, the gap between the two countries widened to $514 bn, twice as much as a year ago.
China, maintaining the first place, shows a PPP GDP of $38.2 trillion. The United States ranks second with a GDP of $29.2 trillion and India is third with $16.2 trillion. Germany ranks fifth, following Russia and Japan with a GDP of $6 trillion, followed by Brazil, Indonesia, France and Britain.
According to Sergey Drobyshevsky, the main reason for Russia’s secure fourth place in the global list of countries by GDP in PPP terms is the higher growth rate of Russia’s economy in 2024 compared to Japan and Germany.
"In real terms, Russia’s GDP in 2024 grew by 4.3%, while Japan’s grew by 0.1% and Germany’s shrank by 0.2%. Given the forecast of further growth of Russia’s GDP in 2025–2030, albeit not at such a rapid pace, but by 2% annually, we can expect a further gap between Russia and Japan and Germany," the expert explained.