Russian Economy Vs. The United States Economy

Russia Economy vs. the United States Economy There are many different measurement one can look at when comparing countries economy’s. Measurements include: inflation, unemployment, GDP, GDP per capita, exports, imports, interest rates, national debt, and currency exchange rate. Governments have power to influence these measurements, however, using Central Banks, Fiscal policies, and Monetary policies. The United States is regarded as one as the most complex economies in the world, while Russia’s is a little bit different. When comparing these two countries, there are some similarities, but there are also many differences. A very important measurement is the inflation rate. This measures how fast prices are rising in a country for goods …show more content…
GDP per capita is the GDP divided by the population. GDP per capita is extremely useful when comparing companies because it disregards population sizes. In the United States, the GDP for 2016 was $18,561.934 (in billions) and the GDP per capita was $57,293.79 (“Report”). In Russia, GDP was $1,267.75 (in billions) and the GDP per capita was $8,838.23 (report). This means the United States GDP was over 14 times the size of Russia’s. The United States GDP capita was nearly 6.5 times the size of Russia’s as well. Since both measurements are larger for the United States, this means that the United States has a larger economy than that of …show more content…
Exporting is when a country sells its goods or services to another country and importing is when a country buy goods or services from another country. For 2016, the United States exported a total of $1454.6069 (in billions) worth of goods and imported a total of $2188.9383 (in billions) worth of good. This results in a trade deficit – difference of imports and exports – of $734.3314 (in billions) worth of goods (Branch, F. T.). Russia, in 2016, exported $316 (in billions) and imported $184 (in billions) worth of goods. This means they had a trade surplus of $132 (billions) worth of goods, The United States exported $1,138.6069 (in billions) worth of goods and services more than Russia. The United States also imported $2,004.9383 (in billions) worth of goods and services more than Russia. An interesting thing is that The United States is running a trade deficit while Russia is running a trade surplus. This means Russia is more self-reliant than the United