Western pundits love to compare Russia’s GDP to that of small European nations. But once you factor in purchasing power, shadow economies, and statistical quirks, the picture looks very different.
Western pundits love to compare Russia’s GDP to that of small European nations. But once you factor in purchasing power, shadow economies, and statistical quirks, the picture looks very different.
Stock activity is not included in GDP calculations and never has been.
No, but dividends and investments are. The latter of which is particularly problematic because there is a well known problem with double counting investments: https://cepr.org/voxeu/columns/double-counting-investment
But point taken, you are right, i will remove that misleading formulation. Thank you.