Is Russia’s GDP less than Texas?

Which US states have a higher GDP than Russia

Fun facts: three U.S. states have larger economies than Russia: California ($3.1 trillion), Texas ($1.78 trillion) and New York ($1.7 trillion). And California's GDP is more than twice the GDP of Russia.

What is the GDP of Texas

$2.355 trillion

The economy of the State of Texas is the second largest by GDP in the United States after that of California. It has a gross state product of $2.355 trillion as of 2022. In 2022, Texas led the nation with the most companies in the Fortune 500 with 53 in total.

What is Russia’s GDP compared to other countries

Worldwide gross domestic product in 2021 was at about 12,282 USD per capita. GDP in Russia, on the other hand, reached USD 12,805 per capita, or 1.837 trillion USD for the whole country. Russia is therefore one of the world's largest economies and is currently at rank 10.

What is the biggest economy in the world

United States of America
World's Largest Economies

Is Texas richer than Russia

Even three U.S. states have larger GDPs than Russia: California ($3.1 trillion), Texas ($1.78 trillion) and New York ($1.7 trillion). Note that California has more than twice the GDP of Russia.

Who is richer Texas or Russia

Russia's gross domestic product amounts to about 1.3 trillion, while the Lone Star State's comes to about 1.7 trillion. That means Texas crushes Russia when it comes to per capita GDP. The per person GDP for a Russian is around $9,000, while in Texas the GDP averages out to almost $59,000 per person.

Is Texas GDP higher than Russia

Even three U.S. states have larger GDPs than Russia: California ($3.1 trillion), Texas ($1.78 trillion) and New York ($1.7 trillion). Note that California has more than twice the GDP of Russia.

What country is Texas GDP equal to

Canada

The GDP of Texas ($1.78 trillion) is equivalent to the economy of Canada ($1.73 trillion), while New York's GDP ($1.70 trillion) matches up to South Korea ($1.66 trillion).

Is Russia GDP high or low

GDP in Russia averaged 1033.77 USD Billion from 1988 until 2022, reaching an all time high of 2292.47 USD Billion in 2013 and a record low of 195.91 USD Billion in 1999.

Is Russia’s economy rich or poor

In 2013, the World Bank announced that Russia had graduated to a high-income economy based on the results of 2012 but in 2016 it was reclassified as an upper-middle income economy due to changes in the exchange rate of the Russian ruble, which is a floating currency.

What country has the lowest GDP

On the other hand, there are countries with low GDPs. The country with the lowest GDP in the world is Nauru, with a value of $133.2 million. Palau, Marshall Islands, Federated States of Micronesia, and São Tomé and Príncipe are some other countries with low GDPs.

What is the 5 largest economy in the world

Just five countries make up more than half of the world's entire GDP in 2022: the U.S., China, Japan, India, and Germany.

Is Texas the richest state in USA

Overall, in the calendar year 2022, the United States' Nominal GDP at Current Prices totaled at $25.463 trillion, as compared to $23.315 trillion in 2021. The three U.S. states with the highest GDPs were California ($3.6 trillion), Texas ($2.356 trillion), and New York ($2.053 trillion).

Is Texas a rich or Poor State

Texas. The country's second-most populous state, Texas, is also its second-richest state in terms of GDP. Texas's GDP is $2,355,960,000,000. Texas's median household income is $63,826, just below the national median.

Is Texas GDP the same as Russia

While the population of Russia is almost five times that of Texas, Texas outpaces Russia when it comes to GDP. Russia's gross domestic product amounts to about 1.3 trillion, while the Lone Star State's comes to about 1.7 trillion. That means Texas crushes Russia when it comes to per capita GDP.

Is Russia’s GDP the same as Texas

Similarly, Texas is the top oil and natural gas-producing state in the U.S. Though they have similar GDPs, Texas has a GDP per capita roughly five times that of Russia.

Is Russia’s economy struggling

The Russian economy is shrinking

It is estimated that in 2022, Russia's gross domestic product (GDP) dropped by 2.1%. Russia's economy may continue to shrink in 2023. Its GDP is forecast to decline by 2.5% in the worst-case scenario (OECD) or by 0.2% according to the World Bank. The IMF expects growth in 2023 (0.7%).

Is Russia a rich country now

In 2017, the average Russian citizen was 1.8 times wealthier than in 2000. But despite strong growth, Russia's per capita wealth is still only about a quarter than in OECD countries. From 2000–2017, Russia's per capita wealth grew multiple times faster than that of high-income countries, but from a much lower base.

Where does Russia rank in wealth in the world

Total household wealth by country

Which is the 10 poorest country

10 Poorest Countries in the WorldBurundi. Burundi, officially known as The Republic of Burundi, is a small country in Africa which has the lowest per capita GDP at $308.Sierra Leone.Malawi.Central African Republic.Madagascar.Somalia.South Sudan.Niger.

What are the five poorest countries

Chad.Malawi.Niger.Democratic Republic of the Congo (DRC)Somalia.Central African Republic (CAR)Burundi.South Sudan.

What is the richest country in Asia

The finance website selected the 21 richest countries in Asia based on total wealth, duly ranking the list in ascending order of wealth. China topped the list with total wealth of US$85,107 trillion in 2021, followed by Japan with US$25,692 trillion and India with US$14,225 trillion.

Who is richer California or Texas

Overall, in the calendar year 2022, the United States' Nominal GDP at Current Prices totaled at $25.463 trillion, as compared to $23.315 trillion in 2021. The three U.S. states with the highest GDPs were California ($3.6 trillion), Texas ($2.356 trillion), and New York ($2.053 trillion).

Which are the 3 most rich states

The richest states in the US are New York, Massachusetts, Washington, California, North Dakota, Connecticut, Delaware, Alaska, Nebraska, and Illinois. The richest state in America is New York, with a GDP per capita of $96,502.

Which state is poorest in USA

U.S. Census Bureau table