I mean anyone who has studied economics even at a basic level knows this.
That's why the PPP (purchasing power parity) GDP measurement exists and is generally more accepted/preferred.
It takes into account wild fluctuations of exchange rates, something that Russia is very susceptible to, due to sanctions, commodities, etc.
In terms of the size of the economy, by PPP GDP Russia is 6th/5th globally, tied with Germany & close to Japan, and about a 1/4 of the US, which makes sense given that Russia has 145 million people vs. 335 million in the US.
Cost of living is another thing, but it's roughly proportional to the median salaries. Ex. $35k/yr in Canada buys about as much as $12k/yr. in Russia.
Also, any financial and economic metrics for the US are inherently skewed as it literally prints the unit of measurement (US dollars) used. They can (and do) manipulate it as much as they want.
I mean anyone who has studied economics even at a basic level knows this.
That's why the PPP (purchasing power parity) GDP measurement exists and is generally more accepted/preferred. It takes into account wild fluctuations of exchange rates, something that Russia is very susceptible to, due to sanctions, commodities, etc.
In terms of the size of the economy, by PPP GDP Russia is 6th/5th globally, tied with Germany & close to Japan, and about a 1/4 of the US, which makes sense given that Russia has 145 million people vs. 335 million in the US.
Cost of living is another thing, but it's roughly proportional to the median salaries. Ex. $35k/yr in Canada buys about as much as $12k/yr. in Russia.
Also, any financial and economic metrics for the US are inherently skewed as it literally prints the unit of measurement (US dollars) used. They can (and do) manipulate it as much as they want.