Russia’s Economy is Tiny

Russia’s acting all big, and geographically they are, but their GDP is less than Italy’s. Yes, really. The 2016 figures aren’t out yet, but in 2015, Russian GDP was $1.3 trillion. Italy’s was $1.8 trillion.

Leeeeetle bitty country, very dependent on oil prices. Under the brilliant leader Putin, they’ve done worse economically every year for the last three. So when Trump suggests he’ll replicate Russian successes, he’s probably telling the truth. By accident.

Sad aside: The population of Russia is three times Italy’s. Those poor people, in both senses of the word.

Per-capita GDP in Russia topped out at $14,000 in 2013 but is now $9000 (IMF estimate). $9000 per person per year.

In Italy, it’s $36,000.

In the USA, $53,000. We are so incredibly productive in the U.S. I don’t even know how to tell you. It shocks me every time.

Greg says: In other words, Russia needs some TruckNutz.

Romie: Don’t we all