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Russia GDP per capita, constant dollars

(U.S. dollars, source: The World Bank)


Russia GDP per capita, constant 2005 dollars: For that indicator, The World Bank provides data for Russia from 1989 to 2013. The average value for Russia during that period was 5021.19 U.S. dollars with a minumum of 3282.79 U.S. dollars in 1998 and a maximum of 6923.45 U.S. dollars in 2013.


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GDP per capita in Russia and other countries is calculated as the Gross Domestic Product (GDP) divided by the population.

We show the GDP per capita in Purchasing Power Parity (PPP) terms, i.e. we calculate the GDP per capita in different countries using U.S. prices. The PPP measure is useful to compare income across countries. It allows us to answer the following question: 'What can the average person in some country buy if they paid U.S. prices?'

Moreover, we use constant 2005 U.S. prices. Using the prices from only one year allows us to compare GDP per capita over time as the effect of inflation is eliminated. Otherwise, we are not sure if the increase in GDP is due to price increases or to a growth in production.

GDP per capita varies considerably across countries. In advanced economies, it exceeds 35,000 dollars per year. In some very poor countries, it is less than 1000 dollars per year.

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World Bank definition: GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2005 U.S. dollars.