FRBSL — Russia's Economy Is Catching the U.S.'s, but It Has a Long Way to Go

Russia is catching up with the U.S. in terms of gross domestic product (GDP) per capita, according to a recent article in The Regional Economist. However, it still has a long way to go.

Research Officer and Economist Guillaume Vandenbroucke examined a few statistics to see where Russia’s economy stands relative to the U.S.’s economy.…

Vandenbroucke concluded that Russia has a long way to go to catch up with the U.S. in terms of GDP per capita, but the gap is closing, thanks to productivity growth. He wrote: “But a deeper problem faces Russia: Why is its population shrinking? Will this phenomenon last, or will population rise again?”

FRBSL — On the economy
Russia's Economy Is Catching the U.S.'s, but It Has a Long Way to Go