GDP of Russia, the USA and China. Unexpected comparison

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Data on the gross domestic product (GDP) of any country is largely an illusion. In order to see the real situation, you need to look at least at two things: GDP at PPP - purchasing power parity, and the very structure of GDP.

PPP makes it possible to estimate the real volume economics without reference to the dollar, as well as the real standard of living in the country. A knowledge of the structure of the gross domestic product of the country allows you to highlight the volume of the real sector, i.e. actual manufactured product in various industries: mining and manufacturing.





There are more complex translation techniques, including more parameters that we do not consider here.

So, let's compare the GDP of Russia, the USA and China and draw some unexpected conclusions.

Gross domestic product at purchasing power parity in billions of dollars (IMF data for 2016)

GDP of Russia, the USA and China. Unexpected comparison


GDP structure

USA. Industrial production - 15%, agriculture and fisheries - 1%, construction - 3%. Total real sector - 19%. The rest is trade and various kinds of services: from manicure to transport and financial.

China. Industrial production - 40%, agriculture - 10%, construction - 7%. The share of the real sector is 57%. It turns out that the size of the real sector of China's economy is almost three times larger than the American one.

Russia. Industrial production - 30,5%, agricultural and fishing - 4,2%, construction - 7,4%. Total - 42.1%

So, let's count. US GDP is 4,8 times more than ours, and the specific share of real production in Russia's GDP is 2,2 times higher than in US GDP. This means that real industrial production in the USA is 4.8 / 2.2 = 2.18 times larger than ours. And if we take into account the shadow sector, which in Russia is significantly larger than in the US, the gap will become even less noticeable.

A similar calculation for China shows that the volume of the manufactured product there is 7,44 times higher than ours.

In terms of per capita, we come to interesting and unexpected conclusions.

Country Population 2017



The US population is 2,2 times larger than ours, and the Chinese population is 9,38 times larger. This means that the volume of real industrial production in Russia and the United States per capita is approximately the same.

The claim of much more efficient production in the United States turns out to be a myth.

Similarly, in terms of per capita, we produce an industrial product 1,26 times more than in China.
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12 comments
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  1. vlad007
    vlad007
    +4
    29 March 2018 14: 55
    Good review, thanks. Not everyone understands what purchasing power parity is, so it would not be out of place to explain this concept.
    1. Nick
      Nick
      +7
      29 March 2018 20: 33
      Quote: vlad007
      Good review, thanks. Not everyone understands what purchasing power parity is, so it would not be out of place to explain this concept.

      GDP - is expressed by the value of all goods and services produced in the state for a certain period of time. The article is about annual GDP for 2016. GDP can be calculated in currency by dividing the amount of GDP in national currency, in our case in rubles, by the dollar exchange rate. Usually they do this to compare the size of the GDP of states. This approach somewhat distorts the real picture of GDP, as it does not take into account the real purchasing power of the national currency within the country. To reflect a more realistic picture in the economy, GDP calculations are made, taking into account the Purchasing Power Parity. For example, the average cost is 1 kW / h. email in Russia about 10 cents of the USA, and in the USA 13 cents. It is incorrect to compare the amount of energy produced in the Russian Federation and the USA at its total cost in dollars. Similar price disparities are observed for many other types of products and services in order to level these disparities and apply the coefficient. PPP.
      something like that. hi
    2. yuriy55
      yuriy55
      -1
      April 2 2018 16: 09
      What is purchasing power parity? How do you explain on the fingers? This means that in Kemerovo people cannot afford a tenth of what Muscovites allow themselves. belay Or 1 Russians, whose salary starts at 700 rubles, put "celery" on all the problems of those who live on 000 rubles (more precisely, they will live from May 110, 000). And how to count correctly - this is to Rosstat. There you will have parity, priority, and a toilet with all amenities. As I look around, I see where is Bill Gates, who lies in the Russian dust, and where are the Russians, that in American skyscrapers ...
  2. engineer74
    engineer74
    +7
    29 March 2018 15: 04
    Hence the conclusion that it is not profitable for us to produce cheap and bulk goods - the population is not enough to do everything from socks to satellites! It is necessary to calmly develop:
    1. defense
    2. space
    3. energy (nuclear and thermonuclear)
    4. agriculture (subsistence, non-GMO and chemistry).
    And we’ll buy the rest, those who refuse to sell will receive the second from the 2nd!
    IMHO.
    1. Hedgehog
      Hedgehog
      +2
      30 March 2018 00: 15
      And on what to do all this, if neither mechanical engineering nor heavy industry is developed? Or buy again? request We may buy, but who will sell it. stop
    2. Former optimist
      Former optimist
      +1
      April 1 2018 07: 53
      In order for such a conclusion to take place, in December 1991 three Federal Laws were adopted. Now only raw materials, which are not near raw materials, did not fit into the market.
    3. Valera Starkoff
      Valera Starkoff
      +1
      April 2 2018 19: 59
      This is just not the right approach, which partly ruined the USSR. Of course, it is necessary first of all to produce what can be fermented over a hill, preferably consumer goods, but its own CX independence must be maintained, even through subsidies.

      Another topic is the production of products that the Russian Federation can produce at low cost, unlike others. Trite: gasoline, diesel fuel, mineral fertilizers. Products with high enough value added, produced from own surplus stocks, can bring huge benefits. If everything is done smartly correctly and in garlic.

      And so, in general, on the topic of capitalism - any merchant will produce something if it is profitable. It is profitable to sell oil - they sell it to the darling. The authorities made the conditions for the profitable production of grain - it flooded. But still, it’s better to sell processed raw materials many times. It is many times more profitable in all directions.

      But the article, although partially correct, is too urapatriotic. In reality, everything is a bit wrong. In the West, capital is at the forefront. And there seems to be not much of what they produce, but each turnover generates income. We seem to produce the same amount, but slowly we turn the capital, and as a result, the income from it is scanty ...
    4. Vkd dvk
      Vkd dvk
      +2
      April 3 2018 22: 05
      You are mistaken deeply.
      Any human activity is paid. Even one that does not bring a material product to the citizens of this state. Police, military, officials - the higher the level of payment for this category, the greater the cost of the state, the lower the pension, wages in the public sector of production.
      In general, you need to ask yourself: what is MONEY? Economists have long defined this concept. Money is EQUIVALENT OF LABOR. The volume of banknotes and the amount of labor, therefore, should be equal. If the amount of money exceeds the amount of labor, and the commodity is a WESTED work, then money begins to be cheap. Money, after all, has all the properties of a product - the less they are, the more scarce and attractive they are. Snow in Siberia in winter is an unimaginably common thing. In Africa, the summer is scarce. Imagine the prices of this product in Siberia and Africa. The product is the same, but the prices? So, the more money, the cheaper it is. And this is nothing but inflation. Here in the USSR we built BAM. Its cost is about a trillion, those of Brezhnev’s, still normal rubles. About 200 billion rubles were paid. Money is spinning in the country, but there is no product FOR PEOPLE. No product, did not make it. Boxes of matches cannot be bought for these 200 billion rubles. They didn’t make it, this box. So, the MORE PRODUCT, ANYTHING, VARIOUS FOR PEOPLE will be made, the more healthy will be the country's economy.
      1. Vkd dvk
        Vkd dvk
        0
        April 3 2018 22: 18
        Where is this administrator sitting? Let him explain his decision.
  3. Mikhail Kotlyarov
    Mikhail Kotlyarov
    -2
    April 3 2018 17: 33
    Excuse me Dear ..... but where did you get these numbers from? Can you tell me? "Industrial production - 30,5%, agriculture and fishery - 4,2%, construction - 7,4%. Total - 42.1%" .... With "your" RF GDP of 3,862 trillion dollars - 30,5% industrial production ? Those. in the Russian Federation, the industry has produced something worth 1,2 trillion dollars? Or 80 trillion rubles, roughly speaking? Filkin's letter Your numbers - I’ll tell you right away ... Or explain to me how in 2016 the industry was making something for GDP for a fabulous amount.
    1. Valera Starkoff
      Valera Starkoff
      +4
      April 3 2018 21: 18
      Misha, the GDP data is not Russian. Financial and intermediary services, and in general services in the Russian Federation, are underdeveloped, and are almost not taken into account in GDP. But for example, the oil industry is production, and even the nuclear industry (a rather large section of the Russian economy) is also production, and the production of weapons is also production.
      The numbers here are correct. The only thing I didn’t like was the ratings. Not everything is so rosy in reality. There is production in Russia, but the country hardly sees money from it.
  4. Doremi manok
    Doremi manok
    -1
    April 26 2020 00: 33
    Lies for what? If the numbers were real, there would be no 25 million beggars. The most terrible "patriots" are those who lick the authorities.

    https://spydell.livejournal.com/553072.html