Which Country is Richer USA or Russia?

United States vs Russia who's richer

The USA is richer than Russia. The USA has a GDP of $21 trillion, while Russia has a GDP of $178 trillion.

The USA is one of the world’s most acceptable cultural, political, and economic powers, known for its history, film industry, music industry, and dozens of distinctive and iconic historical sites.

Russia is a country that spans much of Eastern Europe and northern Asia. Once the world’s leading republic of the Union of Soviet Socialist Republics, Russia became an independent country following the termination of the Soviet Union in December 1991.

How USA Got So Rich

USA FLAG

The United States of America, also known simply as the United States of America, is a state in North America. It is made up of fifty states, one federal district, five major non-incorporated regions, 326 Indian reservations, and nine minor outlying islands. It is the world’s third-largest country in terms of both land area and total area. The United States has land borders to the north and south with Canada. It is the world’s third most populous country, with over 331 million people. Washington, D.C. is the nation’s capital, and New York City is the most populous city and financial center.

The United States is a very rich and beautiful country with the biggest economy in the world by GDP at market exchange rates, accounting for roughly a quarter of global GDP. It now has $21 trillion. (1) The USA is the world’s biggest importer and second-largest exporter in terms of value. Despite having only about 4.2 percent of the country’s population, it controls more than 30 percent of the world’s wealth, the largest share held by any country. It is the world’s leading military power and a leading political, cultural, and scientific force.

The U.S. is a federal republic with three distinct government branches. The USA is also a member of the United Nations, World Bank, IMF, Organization of American States, NATO, and other international organizations. Its population has been definitely shaped by centuries of immigration, making it a melting pot of cultures and ethnicities. The United States is a democratic country with high levels of economic freedom, quality of life, education, and human rights and low levels of perceived corruption. However, it lacks universal health care, continues to use the death penalty, and has high incarceration rates and inequality.

How Russia Got So Rich

RUSSIA FLAG

Russia or widely known as the Russian Federation is a country that spans Eastern Europe and Northern Asia. It is the world’s largest country by area, encompassing one-eighth of the Earth’s habitable landmass. Russia has eleven time zones and borders sixteen sovereign nations, the most of any country in the world. With a population of 145.5 million, it is the ninth-most populous country and the most populous country in Europe. Moscow, the largest city entirely in Europe, is the country’s capital and largest city. Saint Petersburg is Russia’s cultural capital and the country’s second-largest city. Novosibirsk, Yekaterinburg, Nizhny Novgorod, and Kazan are also significant cities.

After the Soviet Union disintegrated in 1991, the newly independent Russian SFSR renamed itself the Russian Federation. Following the constitutional crisis during the year 1993, a new constitution was adopted, and Russia has been governed as a federal semi-presidential republic ever since. Vladimir Putin has dominated Russia’s political system since his election in 2000, and Russia has experienced democratic backsliding, transforming into an authoritarian state. It ranks low in international rankings of press freedom and civil liberties and has a high level of perceived corruption. Russia has a GDP of $178 trillion. (2)

References

  1. USA, retrieved from https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=US
  2. Russia, retrieved from https://www.statista.com/statistics/263772/gross-domestic-product-gdp-in-russia/

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