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[…] resources. To put this in perspective, the World Bank estimates the total value of Russia’s natural resources at $75 trillion U.S. […]
Latest tradingeconomics.com (american investors website) states that Russia has the lowest Debt to GDP Ratio of all G20 countries at 12.60%,
The Euro area average is 86.70% and the US Debt to GDP Ratio is 105.40%. Many areas of Russia are still very much underdeveloped, but compared with the 90’s the positive transformation that has taken place in terms of infrastructure and economic development is unbelievable.
The Debt to GDP Ratio in Russia reached an all time high of 92.10 percent in 1999. And unlike most G20 Economies, Russia has learned from that terrible time and were using it’s vast natural resources the last 19 years to concentrated on largely paying off most of it’s external debt to bring it down to as of now to 12.60%.
[…] «Russian natural resources». European Parliamentary Research Service […]
[…] by far, the largest natural resource wealth in the world valued at over $75 trillion, this report details, it has long been known that the West’s coveting of this massive treasure […]
[…] “Russian natural resources”. European Parliamentary Research Service […]
[…] of Russia’s endowments of natural resources like oil, gas, gold, and iron – valued at over $75 trillion in 2005 – added nearly $400 billion to the country’s GDP in 2012. Illinois’ comparatively […]
[…] Russia’s endowments of natural resources like oil, gas, gold, and iron – valued at over $75 trillion in 2005 – added nearly $400 billion to the country’s GDP in 2012. Illinois’ […]