Hepkat From Austria, joined Aug 2000, 2341 posts, RR: 2
Reply 1, posted (12 years 11 months 1 week 4 days 7 hours ago) and read 1949 times:
Wow, that would be quite surprisingly. Either the Belgians have their act together, or Russia needs to get theirs.
On a sidenote, since moving to Europe I've been absolutely amazed at the progress made in 60+ years by these countries. They're virtually industrial powerhouses considering what they had to go through at the end of the last world war. Take Austria, for instance, a totally destroyed economy 60 years ago, and just look at what they've achieved today. These are nothing short of miracles, and I wish we could apply their solution to the rest of the world. I know, it's wishful thinking, but it's really a success story.
KHI747 From United States of America, joined Oct 2000, 1619 posts, RR: 1
Reply 2, posted (12 years 11 months 1 week 4 days 7 hours ago) and read 1942 times:
Ummm...See the way to measure and economy is by looking at the size of the Gross Domestic Product (GDP).
The Russian GDP, with purchasing power parity, is $1.12 trillion or $1,112 billion.
The Belgian GDP, with purchasing power parity, is $259.2 Billion.
By looking at the above, obviously Russia has an economy many times larger then Belgium. HOWEVER when i looked up their nominal GDPs i was quite surprised my self. The nominal GDP was Russia,after shrinking for the past few years, is about $260-270 Billion and Belgium has a GDP of around $230-240 Billion. So yes by measuring their NOMINAL GDP it seems that Belgium and Russia have a similar economy size.