Re: Russian Economic Boom Factoids
On Mar 30, 2007, at 4:38 PM, Chris Doss wrote:
When I got here in 2000, it was 35 rubles to the dollar. Now it is 26.
I jyst had a couple of beers with Scott Spires (from the Untimely Thoughts list) and we discussed Hellevig’s per capita GDP figures. We came to the conclusion that his high-end figures (for the present) are probably right, but that his figures for 1999 are off. The figure he gives for 1999 (or was it 2000?) would be far too low, appropriate for a Sub-Saharan African country.
DB probably used market exchange rates. At market rates, according to
the World Bank database, total Russian GDP rose 290% from 1999-2005;
at PPP exchange rates, just 67% (neither is adjusted for inflation).
Doug