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Despite the problems designated in the end of 1997, to the beginning of 1998
The Russian economy has approached with positive rates of increase of gross national product and
Concerning low inflation. In 1997 volume of made gross national product,
Estimated in dollars on a current rate, has made an order of 450 billion
Dollars, or over 3000 thousand dollars per capita. In recalculation on
To parity of purchasing capacity of currencies total amount of Russian gross national product in
1996-1997 was at level of 1000 billion dollars. By data
Russia in the mid-nineties was in group of the countries classified
Bank as Upper-middle-income economies. Number of these countries concern
Close to Russian - at its estimation on it), and also such countries, as
Half of time exceeds level of Russia.
After rouble devaluation in August, 1998 it has appeared that following the results of 1998
Year dollar volume of the Russian gross national product estimated on a current rate,
Has decreased to 285 billion dollars, or to 1937 dollars per capita.
Expected further decrease in a mid-annual rate of national currency and
Gross national product curtailment of production in 1999 will lead to the further compression
Dollar volume of the Russian gross national product estimated on a current rate, to 155-160
Approximately to 1060 dollars on the person in a year. It almost is three times less on
To comparison with 1997.
Use of a current rate for an estimation of dollar volumes of the Russian
Gross national product instead of parity of purchasing capacity is represented to more pertinent
In the sense that the further comparisons will be co-ordinated to volumes of the external
Debt of the country which should be served and repaid on the flowing
To course. The foreign trade statistics and other indicators of the balance of payments
Also are resulted in the current dollar prices.
One of key problems of the Russian economy is the debt burden, in
First stage an external debt. Various variants are theoretically possible
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