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?
- FLv 61 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.
- JosephLv 71 month ago
Because it leads the world in the following categories:
Absolute population decline
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
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.
- Anonymous1 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!
- lenpol7Lv 71 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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- Anonymous1 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.
- PhilLv 61 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%
- ZirpLv 71 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
- derframLv 71 month ago
Look to the economic system in use. Socialism/Communism is not know for robust economies.
- DixonLv 71 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.
- Anonymous1 month ago
Communism! They have still not rid themselves of the shackles, as China is doing.