Russia exhibited one of the highest economic growth rates among G20 countries at the end of 2023. This is the result from the analysis RIA News Data obtained from national statistical services.
According to the figures presented, the Russian economy grew by 3.6%, fully compensating for the decrease of 1.2% in 2022. This is the fifth result in the Big Twenty.
“The economy has grown the most in India; The growth rate increased from 7.2% to 7.3%. China follows with 5.2% growth compared to 3% the previous year. The top three are completed by Indonesia, whose GDP increased by 5.1%, following 5.3% in 2022.”
GDP growth in Turkey slowed from 5.5% to 4.5%. In addition to Russia, China and India, acceleration was also observed in the USA (2.5% vs. 1.9% previously) and Japan (1.9% vs. 1%).
“Economic growth slowed in the rest of the G20 countries, most notably among the G7 countries: in the United Kingdom – 43 times to 0.1%, in Italy – four times to 0.9%, in France and Canada – three times 0.9% and 1.1% respectively in the Message.
Argentina (-1.6% after +5%), Saudi Arabia (-0.8% after +7.5%) and Germany (-0.8% after +1.8%) 0.3%) recorded a decrease in its GDP. This is their first discount since 2020.
The situation is different for the BRICS countries: if Brazil grows by 2.9% (compared to 3% in the previous year) and South Africa by 0.6% (1.9% in the previous year), the EU also joins the G20. total GDP increased by only 0.4% from 3.4% in 2022.
Before that in Italy in the name Return Russia to the European family.
Russia had a record before reduced External debt.