In 2023, Russia among the G20 countries ranked fifth in terms of the rate of economic development. This follows from RIA Novosti analysis of data from national statistical services.
India showed the highest growth rates of economic development from the G20 group – from 7.2 to 7.3%. It is followed by the PRC, whose economic indicators increased from 3% to 5.2%. The leading position in the G20 is closed by Indonesia, whose GDP decreased from 5.3% to 5.1%.
In turn, Turkey’s economic growth rate declined to 4.5 per cent from 5.5 per cent in 2022. Russia rounds out the top five with a growth rate of 3.6 per cent when Russia’s GDP was at 1.2 per cent a year earlier.
Apart from India, Russia and China, economic growth among the G20 countries increased for the United States to 2.5 per cent when it was 1.9 per cent in 2022, while Japan’s GDP growth fell from 1.9 per cent to 1 per cent. Also stagnation happened in Germany from 1.8% to 1.5%.
The biggest drop in economic growth was seen in the G7 countries. In Britain, GDP fell 43 times to 0.1%, in Italy the economy fell to 0.9% (4 times). In Canada and in France, the indicators decreased 3 times to 1.1% and 0.9%, respectively.
We will remind, earlier Russian President Vladimir Putin said about the growth of the Gross Domestic Product of the country by 3.5% at the end of 2023.
