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is russia a rich country?

Topics: DestinationsAsiaRussia, Travel

Answers


Brian Alesiani

According to figures published by the World Bank, 20 percent of the Russian population lives below the poverty line, which is defined as a monthly income of 1,000 roubles, or $38. However, Russia is ranked third in the world for the highest number of billionaires. A great gap exists between the rich and poor.


Mandy Stevenson

Russia has a market economy with enormous natural resources, particularly oil and natural gas. It has the 10th largest economy in the world by nominal GDP and the 6th largest by purchasing power parity (PPP).


Matt Harvie

Yes, once again, Russia currently ranks 6th among the richest countries in the world, the United States is 1st, with China, Japan, India and Germany going 2-5.


Matt Harvie

Yes, Russia currently ranks 6th among the richest countries in the world, the United States is 1st, with China, Japan, India and Germany going 2-5.

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