Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Russia (RGDPCHRUA625NUPN) from 1990 to 2010 about Russia, chained, PPP, per capita, and GDP.

In 2021, GDP based on PPP for Russian Federation was 4,494.22 billion international dollars. GDP based on PPP of Russian Federation increased from 1,757.98 billion international dollars in 2002 to 4,494.22 billion international dollars in 2021 growing at an average annual rate of 5.21%. GDP (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. A purchasing power parity (PPP) between two countries, A and B, is the ratio of the number of units of country A’s currency needed to purchase in country A the same quantity of a specific good or service as one unit of country B’s currency will purchase in country B. PPPs can be expressed in the currency of either of the countries. In practice, they are usually computed among large numbers of countries and expressed in terms of a single currency, with the U.S. dollar (US$) most commonly used as the base or "numeraire" currency.

In 2021, GDP per capita based on PPP for Russian Federation was 30,876 international dollars. GDP per capita based on PPP of Russian Federation increased from 12,127 international dollars in 2002 to 30,876 international dollars in 2021 growing at an average annual rate of 5.20%. GDP per capita (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates and divided by total population. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. A purchasing power parity (PPP) between two countries, A and B, is the ratio of the number of units of country A’s currency needed to purchase in country A the same quantity of a specific good or service as one unit of country B’s currency will purchase in country B. PPPs can be expressed in the currency of either of the countries. In practice, they are usually computed among large numbers of countries and expressed in terms of a single currency, with the U.S. dollar (US$) most commonly used as the base or “numeraire” currency.

Russia RU: GDP: PPP: 2017 Price data was reported at 4,027,358.046 Intl $ mn in 2022. This records a decrease from the previous number of 4,112,474.403 Intl $ mn for 2021. Russia RU: GDP: PPP: 2017 Price data is updated yearly, averaging 3,178,789.511 Intl $ mn from Dec 1990 to 2022, with 33 observations. The data reached an all-time high of 4,112,474.403 Intl $ mn in 2021 and a record low of 1,824,938.055 Intl $ mn in 1998. Russia RU: GDP: PPP: 2017 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Russian Federation – Table RU.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2017 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;

Graph and download economic data for Total Purchasing Power Parity Converted GDP, G-K method, at current prices for Russia (PPPGDPRUA619NUPN) from 1990 to 2010 about Russia, PPP, and GDP.

The Gross Domestic Product per capita in Russia was last recorded at 27450.45 US dollars in 2022, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Russia, when adjusted by Purchasing Power Parity is equivalent to 155 percent of the world's average. This dataset provides the latest reported value for - Russia GDP per capita PPP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2022, GDP based on PPP for Russian Federation was 5,326,854 million international dollars. GDP based on PPP of Russian Federation increased from 1,338,656 million international dollars in 2003 to 5,326,854 million international dollars in 2022 growing at an average annual rate of 7.82%. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars.

In 2022, real GDP per capita based on PPP for Russian Federation was 27,450 international dollars. Real GDP per capita based on PPP of Russian Federation increased from 17,435 international dollars in 2003 to 27,450 international dollars in 2022 growing at an average annual rate of 2.51%. GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

Graph and download economic data for Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Russia (RGDPTERUA629NUPN) from 1990 to 2010 about Russia, PPP, workers, employment, and GDP.

Russia RU: GNI per Capita: PPP: 2017 Price data was reported at 26,873.059 Intl $ in 2022. This records a decrease from the previous number of 27,399.996 Intl $ for 2021. Russia RU: GNI per Capita: PPP: 2017 Price data is updated yearly, averaging 26,006.748 Intl $ from Dec 2012 to 2022, with 11 observations. The data reached an all-time high of 27,399.996 Intl $ in 2021 and a record low of 24,782.027 Intl $ in 2016. Russia RU: GNI per Capita: PPP: 2017 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Russian Federation – Table RU.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2017 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Weighted average;

In 2022, PPP for private consumption for Russian Federation was 28.6 LCU per international dollars. PPP for private consumption of Russian Federation increased from 11 LCU per international dollars in 2003 to 28.6 LCU per international dollars in 2022 growing at an average annual rate of 5.23%. Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for private consumption (i.e., household final consumption expenditure).

Graph and download economic data for Purchasing Power Parity Converted GDP Chain per worker for Russia (RGDPWORUA627NUPN) from 1990 to 2010 about Russia, chained, PPP, workers, and GDP.

Russia RU: GDP: PPP: 2017 Price: Final Consumption Expenditure: Households and NPISHs data was reported at 2,071,681.799 Intl $ mn in 2022. This records a decrease from the previous number of 2,101,398.001 Intl $ mn for 2021. Russia RU: GDP: PPP: 2017 Price: Final Consumption Expenditure: Households and NPISHs data is updated yearly, averaging 1,667,029.458 Intl $ mn from Dec 1996 to 2022, with 27 observations. The data reached an all-time high of 2,101,398.001 Intl $ mn in 2021 and a record low of 693,371.319 Intl $ mn in 1999. Russia RU: GDP: PPP: 2017 Price: Final Consumption Expenditure: Households and NPISHs data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Russian Federation – Table RU.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are converted to constant 2017 international dollars using purchasing power parity rates.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;

At 8.17 U.S. dollars, Switzerland has the most expensive Big Macs in the world, according to the January 2024 Big Mac index. Concurrently the cost of a Big Mac was 5.69 dollars in the U.S., and 5.87 U.S. dollars in the Euro area.

What is the Big Mac index?

The Big Mac index, published by The Economist, is a novel way of measuring whether the market exchange rates for different countries’ currencies are overvalued or undervalued. It does this by measuring each currency against a common standard – the Big Mac hamburger sold by McDonald’s restaurants all over the world. Twice a year the Economist converts the average national price of a Big Mac into U.S. dollars using the exchange rate at that point in time. As a Big Mac is a completely standardized product across the world, the argument goes that it should have the same relative cost in every country. Differences in the cost of a Big Mac expressed as U.S. dollars therefore reflect differences in the purchasing power of each currency.

Is the Big Mac index a good measure of purchasing power parity?

Purchasing power parity (PPP) is the idea that items should cost the same in different countries, based on the exchange rate at that time. This relationship does not hold in practice. Factors like tax rates, wage regulations, whether components need to be imported, and the level of market competition all contribute to price variations between countries. The Big Mac index does measure this basic point – that one U.S. dollar can buy more in some countries than others. There are more accurate ways to measure differences in PPP though, which convert a larger range of products into their dollar price. Adjusting for PPP can have a massive effect on how we understand a country’s economy. The country with the largest GDP adjusted for PPP is China, but when looking at the unadjusted GDP of different countries the U.S. has the largest economy.

In 2022, GNI per capita based on PPP for Russian Federation was 35,540 international dollars. GNI per capita based on PPP of Russian Federation increased from 8,970 international dollars in 2003 to 35,540 international dollars in 2022 growing at an average annual rate of 7.80%. GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.

Graph and download economic data for Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Russia (KCPPPGRUA156NUPN) from 1990 to 2010 about Russia, PPP, per capita, consumption, real, and GDP.

Russia RU: GNI: PPP: 2017 Price data was reported at 3,942,647.018 Intl $ mn in 2022. This records a decrease from the previous number of 4,016,169.258 Intl $ mn for 2021. Russia RU: GNI: PPP: 2017 Price data is updated yearly, averaging 3,802,571.308 Intl $ mn from Dec 2012 to 2022, with 11 observations. The data reached an all-time high of 4,016,169.258 Intl $ mn in 2021 and a record low of 3,634,892.611 Intl $ mn in 2016. Russia RU: GNI: PPP: 2017 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Russian Federation – Table RU.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GNI (formerly PPP GNP) is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. Gross national income is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2017 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;

In 2022, GDP per capita based on PPP for Russian Federation was 34,638 international dollars. GDP per capita based on PPP of Russian Federation increased from 9,255 international dollars in 2003 to 34,638 international dollars in 2022 growing at an average annual rate of 7.48%. GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

Source: UNECE Statistical Database, compiled from national and international (CIS, EUROSTAT, IMF, OECD, World Bank) official sources.General note: The UNECE secretariat presents time series ready for immediate analysis. When appropriate, source segments with methodological differences have been linked and rescaled to build long consistent time series.The national accounts estimates are compiled according to 2008 SNA (System of National Accounts 2008) or 1993 SNA (System of National Accounts 1993).Constant price estimates are based on data compiled by the National Statistical Offices (NSOs), which reflect various national practices (different base years, fixed base, chain, etc.). To facilitate international comparisons, the data reported by the NSOs have been scaled to the current price value of of the common reference year. The resulting chain constant price data are not additive.Common currency (US$) estimates are computed by the secretariat using purchasing power parities (PPPs), which are the rates of currency conversion that equalise the purchasing power of different currencies. PPPs, and not exchange rates, should be used in international comparisons of GDP and its components.Growth rates (per cent) are over the preceding period, unless otherwise specified.Contributions to per cent growth in GDP (in percentage points) are over the preceding period, unless otherwise specified.Regional aggregates are computed by the secretariat. For national accounts all current price aggregates are sums of national series converted into US$ at current PPPs of GDP; all constant price aggregates are calculated by summing up national series scaled to the price level of the common reference year and then converted into US$ using PPPs of GDP of the common reference year. Due to conversion and rounding the resulting aggregates and components could be non-additive.Aggregates are computed for the following regions:UNECE-52:Albania; Armenia; Austria; Azerbaijan; Belarus; Belgium; Bosnia and Herzegovina; Bulgaria; Canada; Croatia; Cyprus; Czech Republic; Denmark; Estonia; Finland; France; Georgia; Germany; Greece; Hungary; Iceland; Ireland; Israel; Italy; Kazakhstan; Kyrgyzstan; Latvia; Lithuania; Luxembourg; Malta; Montenegro; Netherlands; North Macedonia; Norway; Poland; Portugal; Republic of Moldova; Romania; Russian Federation; Serbia; Slovakia; Slovenia; Spain; Sweden; Switzerland; Tajikistan; Turkey; Turkmenistan; Ukraine; United Kingdom; United States; Uzbekistan.North America-2:Canada; United States.European Union-27 (31/12/2020):Austria; Belgium; Bulgaria; Cyprus; Croatia; Czech Republic; Denmark; Estonia; Finland; France; Germany; Greece; Hungary; Ireland; Italy; Latvia; Lithuania; Luxembourg; Malta; Netherlands; Poland; Portugal; Romania; Slovakia; Slovenia; Spain; Sweden.Euro area-20:Austria; Belgium; Croatia; Cyprus; Estonia; Finland; France; Germany; Greece; Ireland; Italy; Latvia; Lithuania; Luxembourg; Malta; Netherlands; Portugal; Slovakia; Slovenia; Spain.Eastern Europe, Caucasus and Central Asia (EECCA):Armenia; Azerbaijan; Belarus; Georgia; Kazakhstan; Kyrgyzstan; Republic of Moldova; Russian Federation; Tajikistan; Turkmenistan; Ukraine; Uzbekistan.CIS-11:Armenia; Azerbaijan; Belarus; Kazakhstan; Kyrgyzstan; Republic of Moldova; Russian Federation; Tajikistan; Turkmenistan; Ukraine; Uzbekistan.Western Balkans-6:Albania; Bosnia and Herzegovina; Croatia; Montenegro; North Macedonia; Serbia... - data not availableThe Coronavirus (COVID-19) pandemic impacts the production of statistics and may limit available resources and data sources. This may impact the quality of statistics for 2020, and could lead to later revisions.