via Sputnik International

The Russian economy exceeded $5 trillion in terms of purchasing power parity for the first time in late 2022, and stayed in fifth place in the world in this indicator, according to the World Bank

China became the world’s largest economy by PPP with $30 trillion, followed by the United States with $25.5 trillion. India closes the top three with $11.9 trillion, and Japan is in fourth place with $5.7 trillion.

In general, the world economy in terms of purchasing power parity grew by 11% – to $164.2 trillion, while 20 years ago it was a third as big: $54.1 trillion.