Talk:Economy of Russia

Mod activity increasingly untenable in relation to Russia and its economy

I wanted to give a headsup to anyone reading this that there are mods going round 'repealing' anything that they deem changes the appearance of Russia prior to 2022. I am getting sick of this and am expecting an outage of Wikipedia being reported globally any time soon as it's illegal content (I myself can't read it as a result). They ought to know where I stand by now as they have been given an overt explanation. I can't assist in this and the course the mods are plotting for themselves. Clearly they are looking at being singled out by law enforcement pretty soon if nobody shows willingness to update the Russia pages and allow edits that are appropriate and factually accurate.--148.252.146.215 (talk) 00:58, 21 February 2024 (UTC)

Yeah talking to myself now (in this latest reply right here) but I now note you can't even edit Wikipedia without being complicit in the organisation, on posts such as Russia in detail areas where there is the continued claptrap of 'business as usual' articles about Ukraine/Russia citing outdated information as though it's current, refusing to show or acknowledge the distinction between the past and present. You're locked out of editing and I think it's deliberate as I now believe Wikipedia has been overtaken by terrorist sympathisers and this is their recruitment method. Once you join, your posts will be overturned if you can't explain how to get blood from a stone and why Satan will let you off if you've been rejected from heaven. This is Wikipedia 2024 and it sticks out like a sore thumb stuck in a pot of borscht. I now hold mods on here, and idiot contributors, partly to account for the invasion of Ukraine and Russia's self-harming path. Wikipedia is really grown up kids, who in the early days of the internet thought nobody could trace them, recognise them, and they wanted to change the world at their whim. They probably got into drugs because they were educated and could afford it, and managed to escape the authorities with that type of whit only a crook has and police recognise, once this happened they became twisted and feel the only thing that matters is the keyboard, LAN cable, and monitor in front of their eyes, waiting to be rounded up in a few years when Marshall law finally come this way (because nobody is smart enough to sense what they're doing) to be found (finally, and only then) to be clinically insane devil worshippers that nobody had any idea of before, not like they put their family name in their sig and didn't stop talking about their secret activity on the internet every Saturday down the pub. I liken them to Hitlers, we're all shafted by them, supposed to pretend we don't know they're afraid to go outside without hellscaping the world via the internet 5 minutes before leaving their house in order to distract everyone, and finding ways to get everyone 'involved' when all they wanted was for them to pack it up, call it a day, admit it's not what it was and that you're not even sure why you'd listen to yourself anymore just because you know some odd, mostly-irrelevant-to-the-common-man factoid about Peru (except you don't, you just obsess over paradox explanations being supplied that are as mutually exclusive to reality as a flying gibbon is coal-powered pig spliced elephant after it's managed, somehow (but I'm sure there's an explanation for that) to fornicate with a shrew-like mammal smaller than a mouse, without the assistance of any lab equipment such as a fertility clinic for metasticised morphoidosic mammalian quadrapedal fur-sprouting 148.252.146.215 (talk) 01:30, 21 February 2024 (UTC)

Russia's inflation seen at 20%, GDP down 8% in 2022, c.bank survey shows

Source: https://www.reuters.com/markets/asia/russias-inflation-seen-20-gdp-down-8-2022-cbank-survey-shows-2022-03-10/

PPP

The figures are for GDP PPP, not "real GDP". (says 85.249.41.216)

Can we have reliable GDP estimates?

The GDP figures for 2021 and 2022 are taken from sources (e.g. IMF and World Bank) which specify that these are estimates in the absence of comprehensive reliable data, which the Russian Federation is no longer providing.

According to Russian official news agency TASS, the official Russian statistics agency Rosstat has just published a new estimate stating "the GDP at the end of 2021 amounted to 135.773 trillion rubles ($1.5 trillion) and at the end of 2022 it was 155.350 trillion rubles ($1.6 trillion)."

These figures are more than 15% lower than the numbers currently shown in the GDP tables here as well as in the table of GDP by country.

At what point do we shift from wishful thinking to actual data? Bungler91 (talk) 23:20, 29 December 2023 (UTC)

• The main players who compute GDP all use different methods, which is why you have variances, look at the IMF (1,862,470), World bank (2,240,422) and the UN (1,778,782), these are massive differences, however when they do comparisons, at least they are fairly consistent between the countries each look at, Russia is 11th, 8th and 11th in List of countries by GDP (nominal). If TASS is reporting government figures, I would be tempted to use those as insufficient data on each economic area of their economy will be released by Russia for several years yet to make western assessments more accurate. Ânes-pur-sàng (talk) 23:59, 29 December 2023 (UTC)

• I don't think anything new is happening. Rosstat publishes on December 29, 2023 the third GDP estimate for 2022 and the fifth GDP estimate for 2021. The nominal volume of GDP in 2022 amounted to 155,350.4 billion rubles. Its physical volume index compared to 2021 reaches 98.8%, the deflator index is 115.8%. The nominal volume of GDP in 2021 amounted to 135,773.8 billion rubles. Its physical volume index compared to 2020 reaches 105.9%, the deflator index is 119.1%. [1] This means that GDP fell by 1.2% in 2022 instead of 2.1%. [2] There is also an estimate of GDP for the 3rd quarter of 2023. In addition, there are the Statistical Committee of the Commonwealth of Independent States with GDP by production method, GDP by end-use method, GDP income method and statistics of the Eurasian Economic Commission, including GDP data for 2023. _ruASG⁺¹  21:04, 2 January 2024 (UTC)
  • By the way, there is a section "SDDS of the IMF" on the Rosstat website with Q2, Q3 and November 2023 data. [3] _ruASG⁺¹  22:33, 2 January 2024 (UTC)

It's only getting worse

Following up on my comment last year on the need for reliable GDP data.

The data table currently shows that the nominal GDP for 2023 is $1.862 tn, which is somehow also 3.6% up (!!!) from $2.244 tn in 2022, albeit math would suggest that this is factually a 17% decrease.

The table also shows for 2023 a per capita GDP (PPP) of $35,309 when the Wikipedia table of all countries by per capita GDP (PPP) puts Russia at $47,299, so that's a 34% discrepancy. Arguably the $35k figure is more credible than the $47k one, but a direct consequence is that the total GDP (PPP) of Russia would then become $5.1 tn, which would put Russia in 6th position globally instead of 4th as claimed elsewhere in this article.

Now we all understand that it's hard to pin down accurate figures when the ruble exchange rate has dropped 30% in two and a half years, inflation is officially back above 1% per month, and 15-22% of GDP comes from production and exportation of oil and gas whose price fluctuates markedly, but the purpose of Wikipedia is to be informative, not propagandistic.

Is there a path forward towards encyclopedic truth, or are we condemned to show self-contradictory figures in order to fluff up national pride in the face of strong evidence to the contrary? Bungler91 (talk) 11:51, 13 December 2024 (UTC)

• No, Bungler91, it is your statements that seem biased. Reliable data is not necessarily the data that fits into your personal worldview. Instead, you could improve the article using the latest data. In Russia, all data is in the national currency, the Russian ruble. If you use a dollar, in some cases it is pointless. Please read what a national currency is, what GDP is, what purchasing power parity is, what the International Comparison Program is and what international dollars (Geary–Khamis dollars) are. The previous International Monetary Fund data was published in April 2024. The new purchasing power parity data (ICP 2021) was published in May 2024. [4] The World Bank report clearly states that Russia and all other CIS countries participated fully in 2021 for the first time in history ("linked through the standard global core list approach, unlike in ICP 2017"). [5] In October 2024, for the first time the IMF published data based on 2021 parities instead of 2017 parities. Both the World Bank [6] and the IMF clearly state in their reports that Russia is the 4th largest economy in the world by PPP and is projected to remain in 4th place by 2029. Click "Value". Previous estimates for Russia were less reliable. In general, in previous years for former planned economies and countries with transition economies, conventional "capitalist" estimates and advice do not always work (for example, highly developed heavy industry with an underdeveloped consumer sector were not typical of "Western countries" by the end of the 20th century). I think, the more inflation there is in the US dollar and the more financial bubbles there are in the US (yes, it's only getting worse), the more purchasing power parities will be revalued in favor of some of the "developing countries", in favor of their data expressed in international dollars for a correct comparison when the next comparison cycle will occur (in this case, it works for Russia). So 47k in international dollars per capita at PPP is just the most reliable figure for Russia. And even more so, Russia's GDP in nominal dollars is a meaningless figure. You can find many ups and downs in nominal USD ​​in history. For over 10 years, Russia's monetary authorities have been saying that nominal values in USD ​​are not of great importance and that they do not target the nominal exchange rate. You can find data on the real effective exchange rate [7] for the Russian ruble, which in 2024 is higher and stronger than in 1994 and 1998, for example, on the website of the Bank for International Settlements [8] or on the website of the Federal Reserve Bank of St. Louis. [9] The nominal exchange rate of the ruble matters when the country buys goods and services abroad (it's 379 billion USD for Russia in 2023, less 20% of GDP). The share of oil and gas in the Russia's economy is the same or close to that of the US, Canada, Norway and Kazakhstan. What conclusions should be drawn? What national pride are you talking about? Countries with planned economies have indeed transitioned to a market economy with varying degrees of success and in different periods of time. The size of economies matters and the legal framework matters. For example, it is often said that macroeconomic stabilization took 8 months for Poland, 8 years for Russia (until 1998) and a crazy 24 years for Ukraine (until 2014). At this point, conditions for sustainable economic growth were created. This means that the market economy really works universally and, on the contrary, there are fewer reasons for specific "national" pride. So it should be pride in the ideas of Adam Smith and other colleagues and followers. In the case of Russia, this is not Putin's merit or invention, by the way. An important foundation was created in the 1990s and many good economic and legal reforms have been beneficial since the late 1990s, early 2000s and up to now. It's very strange that you are surprised by the data and are trying to find reliable figures. Is it so hard to believe that Russia has the same or close to figures in other countries in Europe such as Romania, Croatia, Hungary, Turkey, Slovakia, Latvia and Greece? [10] [11] Moreover, all these countries except Russia receive external financial assistance free of charge as EU members or for other reasons (for Turkey). And earlier before 1991, the same countries received the cheapest fuel possible from the Soviet Union or even free of charge (at the stupid waste of Russia’s resources). _ruASG⁺¹  08:57, 17 December 2024 (UTC)

Semi-protected edit request on 12 March 2024

Change Russia economy growth (GDP) based on World Economic Outlok Update by IMF (Jan 2024) 2023 - 3.0% 2024 - 2.6%[f] (Forecast) Alexandrerodrigues8525 (talk) 18:25, 12 March 2024 (UTC)

 Not done: please provide reliable sources that support the change you want to be made. M.Bitton (talk) 00:03, 13 March 2024 (UTC)

Semi-protected edit request on 31 March 2024

Can someone please edit the typo in External trade and investment?

"Russia top exports in 2021 were: Crude oil $110.9b, Processed oil $69.9b, gold $17.3b, coal $15.4b and natural gat $7.3b."

Obviously 'gat' should be 'gas'. Thank you :) Wooby666 (talk) 12:01, 31 March 2024 (UTC)

 Done thanks! NotAGenious (talk) 12:13, 31 March 2024 (UTC)

Semi-protected edit request on 17 April 2024

Gpd per capita-12650. 1862000000000$/147190000people=12650$ KoshkoDeva (talk) 03:27, 17 April 2024 (UTC)

 Not done: it's not clear what changes you want to be made. Please mention the specific changes in a "change X to Y" format and provide a reliable source if appropriate. '''[[User:CanonNi]]''' (talk|contribs) 03:35, 17 April 2024 (UTC)

Russia is not a high income economy

It is not according to World Bank. 177.93.10.168 (talk) 17:43, 8 October 2024 (UTC)

Cope 65.94.223.81 (talk) 08:52, 15 November 2024 (UTC)

Forecasts numbers

Do not use forecast numbers. They are complete fantasy. Wait for end of the year and few months after for first real estimates are calculated. Elk Salmon (talk) 23:32, 3 December 2024 (UTC)

I assume you mean in the infobox. Totally agree but whenever I remove such numbers other editors put them back in. Hope you can succeed where I did not. Chidgk1 (talk) 06:34, 4 December 2024 (UTC)

Order of magnitude confusion in the infobox numbers

There is confusion between billions and trillions in "Public finances" section of the infobox. The numbers for Government debt, Revenues and Expenses are labeled as trillions, even though the numbers in the source are billions (alternatively there is a confusion between the usage of , and . in English language) 46.132.92.93 (talk) 00:38, 13 December 2024 (UTC)

 Done The AP (talk) 09:28, 13 December 2024 (UTC)