this post was submitted on 29 Feb 2024
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I imagine this is in terms of PPP, and I don't see why Russia overtaking Germany, France, UK, or Brazil is in any way surprising. Pretty much, all the European countries are seeing their economies going into recession now, and it's not clear where Europe can get cheap energy at this point. The whole economic model Europe relied on is now invalidated. Meanwhile, Brazil has a large population, but Russia is still more industrialized as far as I know.
The reality is that the west intentionally undervalued Russian economy to paint Russia as being backwards. Russian rouble was one of the most undervalued currencies according to the big mac index https://www.economist.com/big-mac-index
The graph here shows it pretty clearly: https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)
Germany is going to be easy to surpass given how much they've kneecapped themselves. Japan will take a bit longer but it's already very close.
That's very interesting, and first time seeing this. Would be cool to see these figures re-cast without bullshit services such as finance and debt collection.
It's funny too how you can increase GDP just by charging for a service which was previously supplied for free eg healthcare and education.