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Purchase Power Parity only works domestically. Once you venture out in the world, things cost what they cost, no matter how little your populace makes.
How much do things cost when you have favorable trade relations with the most productive manufacturing in the world (BRICS)?
They can't import much anyway because of the sanctions, nor do they really need to anymore now that russian companies have taken over the shares of russian market of foreign companies who left, so even if you were correct about this it wouldn't be a big issue for them.
It makes zero sense, but of course tankies will be happy to parade it around. The are well after the 50th in GDP per capita PPP, and probably much lower if would look at actual consumption. In total GDP, outside of top 10
PPP is a far more relevant metric for less globalized economies which are less reliant on foreign imports.
Whereas Russian imports are 15.6% of GDP and Chinese imports are 17.5% of GDP, imports in Western countries (UK, Canada, France, Germany, Spain) make up about 40-50% of GDP on average.
Even if they are the largest economy in Europe, who cares? Almost all of Europe is united against them and that's a much larger economy against them than with them.
this post was submitted on 14 Jan 2024
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