Quality of life, salary, GDP and public debt: this is how Putin made Russia great
8 March 2019
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Vladimir Putin he was first elected president in 2000. In 18 years, the economy of the Russian Federation has changed drastically and for the better. This is demonstrated by the data published on Russia Today.Quality of life
Before Putin's election, Russia had a GDP per capita of 9,889 dollars at purchasing power parity (PPP). The figure had nearly tripled by 2017 and now he has reached the 27,900 dollars. Russia has the highest GDP per capita of all the BRICS, with the second highest, at dinner, firm a 16,624 dollars. The PPP takes into account the relative cost of living and inflation rates of countries in order to compare living standards in different nations. The average nominal monthly wage grew by almost 11 times since 61 dollars to 652 dollars. Unemployment has fallen since 13% al 5,2%. Pensions have grown by more than 1.000 percent in the same period from 20 dollars to 221 dollars.
Economical performance
Russia is the sixth largest economy in the world in terms of purchasing power, with a GDP of 4 trillion dollars. PwC predicted that by 2050 the country will become Europe's largest economy with this measure, leaving Germany and the United Kingdom behind.
In the 1999, the Russian economy of the PPP was only worth 620 billion. So, in the last ones 18 years, Russian economic production in these terms increased by 600%. Read More

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