Anonymous
Anonymous asked in Science & MathematicsGeography · 1 month ago

How come Russia doesn’t have the biggest economy in Europe? ?

I mean, in terms of land, Russia is the largest country in the world! Russia is also the most populated country in Europe. Russia also has a lot of natural resources! So how come Germany, United Kingdom and France have bigger economies than Russia? 

10 Answers

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  • F
    Lv 6
    1 month ago

    Because all the resources they have , have been stolen and divvied up by Putin’s mates who have become immensely rich while most ordinary people live in near poverty.

  • Joseph
    Lv 7
    1 month ago

    Because it leads the world in the following categories:

    Absolute population decline

    Mental disorders

    Suicides among senior citizens

    Suicides among young people

    Sale and consumption of alcohol

    Sale and consumption of tobacco products

    Smoking among people under 18 years old

    Deaths due to hypertension and heart disease

    Children abandoned by their parents

    Abortions and mortality at birth

    Automobile accidents

    International human trafficking

    Leads Europe in alcohol and tobacco related deaths

    Second in Europe in Suicides

    Second in the world in murders per capita

    These are not indications of healthy, thriving society and economy.

    P.S.  Least anyone thumbs down, I didn't make this up, these are numbers from the UNESCO.

  • Anonymous
    1 month ago

    Russia is indeed huge, by far the largest country in the world by land area. But its population is less than half that of the USA, and a bit more than twice that of the UK and that of France, less than twice that of Germany.

    It is said that the USA has the biggest economy in the world. China, with slightly smaller land area but with over 4 times the population, is the second biggest economy in the world.

    Thus you can see that neither land area nor population size are the most important things in a powerful economy.

    Note also that three quarters of Russia's land area is in Asia, but that about three quarters of Russia's population is in Europe.

    Confusion all round!

  • 1 month ago

    It's because the erstwhile communists made a mess of the economy and their 'five - years' plans, under Joe Stalin. 

    For their natural resources, and population  they should have the biggest economy in Europe. 

    If they allowed free enterprise more liberty then the economy would grow, as in the USA. 

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  • Anonymous
    1 month ago

    A country's geographical size doesn't dictate that country's economic potential. There are a great many countries that have a large land area and a relatively weak economy, just as there are quite a few countries that are rather modest in size that have a relatively strong economy.

    Just as there are many ways to do business, there are many different ways for countries to get money. Some people make money selling fish and some people make money painting houses. Some countries manufacture, others receive a lot of visitors, and still others make money from people conducting business there.

    Russia is an immense country and indeed has a sizable population, but its population is rather low when you consider how large it is. It is nearly twice the size of the second-largest country in the world, but has a population of fewer than 145 million people. That's less than half the population of the United States while China has nearly ten times as many people.

    Because Russia is so sparsely populated, the infrastructure is nowhere near as extensive or as well maintained as it should be. And while Russia's territory is vast, she didn't exactly win the geography lottery. Russia doesn't possess anywhere near as much arable land as many other countries when the figure is represented as a fraction of the whole. Much of Russia is covered in forests, much of it is steppe, and there are a great many swamps and bogs. It's difficult to grow a lot of food... There are very few roads connecting one part of the country to another - and those that do exist are not well maintained... Most importantly, despite its size, Russia lacks good outlets to the sea. There are few ports, and nearly all of them are located in places that are not well situated in a strategic sense while the others are located in places that make them unusable for part of the year without the need for icebreakers.

    Russia is certainly blessed with raw materials and is rich in mineral wealth, but there's very little in the way of manufacturing and even less tourism. There's also very little high finance. Nobody drives Russian made cars or uses a Russian made computer. Few people trade on the Russian stock market and even fewer people vacation to Russia. They manufacture a lot of weapons and produce delicacies like caviar, but that's a drop in the bucket compared to what other countries rake in from what they produce.

    Perhaps in the future things might be different, but it's doubtful that Russia will ever become an economic powerhouse of the first order. 

  • Phil
    Lv 6
    1 month ago

    And don't forget Italy. Italy is the 8th largest economy in the world , and the fourth highest in Europe with a GDP of 2.07 trillion dollars.

    Russia has the 11th biggest economy in the world .

     

    GDP: $1.57 trillion

    GDP Growth: 1.55%

    GDP per Capita: $10,846

    Share of World GDP: 1.95%

  • Zirp
    Lv 7
    1 month ago

    Because size of economy is measured in turnover-money. A lot of multinational corporations and banks have their official seat in western europe, so the money paid to shareholders and CEO's is counted as German/British/French economy

  • 1 month ago

    Look to the economic system in use.  Socialism/Communism is not know for robust economies.

  • Dixon
    Lv 7
    1 month ago

    The Soviet Union economy was always far smaller than it ought to be and an explanation was that most of the actual economy was not official and consisted of direct trading of goods and services because no one had money. So perhaps that is still going on.

  • Anonymous
    1 month ago

    Communism! They have still not rid themselves of the shackles, as China is doing.

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