For every resident of Russia, as noted, there is $14,250 in gross income. At the same time, the World Bank classifies countries where this figure exceeds $13,845 as high-income countries.
“This step means recognition by an authoritative world institution of the successes of the Russian authorities’ economic policy over the past decade,” Roman Marshavin, the bank’s executive director for Russia, told TASS. In particular, he stressed that this is happening against the backdrop of numerous financial and trade restrictions by Western countries.
Earlier, it was reported that the World Bank had raised its forecasts for Russia’s GDP growth. In particular, GDP growth in 2024 will be 2.2% and in 2025 – 1.1%.
Furthermore, according to the organization, the Russian economy, in terms of purchasing power parity, ranked fourth in the world three years ago. For the next two years, the country maintained these positions.
