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"We are the largest economy in Europe, despite pressure from every side": Russian President Putin (m.economictimes.com)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 8 months ago

PPP is a far more relevant metric for less globalized economies which are less reliant on foreign imports.

Whereas Russian imports are 15.6% of GDP and Chinese imports are 17.5% of GDP, imports in Western countries (UK, Canada, France, Germany, Spain) make up about 40-50% of GDP on average.