{"id":132581,"date":"2024-07-07T11:00:51","date_gmt":"2024-07-07T08:00:51","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=132581"},"modified":"2024-07-16T13:59:37","modified_gmt":"2024-07-16T10:59:37","slug":"brics-russia-elevates-to-high-income-status-amid-economic-surge","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/brics-russia-elevates-to-high-income-status-amid-economic-surge\/","title":{"rendered":"BRICS: Russia Elevates to High-Income Status Amid Economic Surge"},"content":{"rendered":"

The country\u2019s economic advancement<\/a><\/strong>, driven by a significant 11.2% increase in Gross National Income (GNI) per capita over the past year, prompted its elevation from \u201cupper middle income\u201d status.<\/p>\n

This growth was bolstered by a surge in military spending, alongside notable expansions in trade (+6.8%), the financial sector (+8.7%), and construction (+6.6%). These factors contributed to a 3.6% rise in real GDP and a 10.9% increase in nominal GDP.<\/p>\n

Despite facing severe Western sanctions, Russia has emerged as the world\u2019s fourth-largest economy by purchasing power parity, now aligning with leading Western nations like the United States and those in Western Europe that have sanctioned it over the Ukraine conflict.<\/p>\n