Country Economic Analysis Report

Topics: Gross domestic product, Russia, Purchasing power parity Pages: 3 (998 words) Published: November 20, 2012
Country Economic Analysis Report

Russia is the world’s ninth largest economy by nominal GDP and has the sixth largest purchasing power parity. They also have the third largest nominal military budget. Russia is one of the world's fastest growing major economies. Russia has an abundance of natural gas, oil, coal, and precious metals. Russia has gone through significant changes since the collapse of the Soviet Union. Russia recorded in 2009 their population growth for the first time within a year was 10,500 growths. The birth rates of Russia is higher than most of the countries with European (12.6 births per 1000 people in 2010) .It is one of the five recognized nuclear weapons states and possesses the largest stockpile of weapons of mass destruction (Federation of American Scientists, 2012). GDP can be defined in three different ways. The first ways economics measure the Gross Domestic Production are by a national income and the outputs of a country economic. The second way is that the sum of the value of service is added to every end stage by all the industries within a country. Lastly the sum of the income is generated within a certain period which is the compensation of employees, taxes on production, and imports less subsides. In 2011 Russia Gross Domestic Product was worth 1479.82 billion in United States dollars. World Bank reported that Gross Domestic Product for Russia is 2.39 percent of the world’s economy. The GDP equal the total expenditures for all final goods and service produced within the county during in a certain period of time. Russia Gross Domestic Production per Capita is 15,900. The GDP per Capita was on a purchasing power parity basis divided by the population. A military budget is also known as a defense budget. This is the amount of financial resources dedicated by an entity to raising and maintaining armed forces. The Military budgets for a country is set and often determine how likely the threats against it...

References: “Status of Nuclear Powers and Their Nuclear Capabilities". Federation of American Scientists. 9 July 2012.
“Russian Military Budget Expenditures”. Retrieved 3 July 2012.
International Human Development Indicators Retrieved 9 July 2012
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