Featured Quizzes
User Quizzes
Create Quiz
Data and Charts
Badges and Games
About JetPunk
JetPunk Shop
Dark Mode
Richest Russian Federal Subjects
Can you name the regions of Russia with the highest GDP per capita? Good luck!
Source: Rosstat, purchasing power parity is calculated in relation to GDP (PPP) to nominal GDP of Russia for 2021.
Rate:
Last updated: March 1, 2024
You have not attempted this quiz yet.
More quiz info >>
| First submitted | March 1, 2024 |
| Times taken | 7 |
| Average score | 66.7% | Report this quiz | Report |
4:00
Enter answer here
0
/ 15 guessed
Time Used
00:00
Best Time
00:00
The quiz is paused. You have remaining.
Scoring
You scored / = %
This beats or equals
% of test takers
also scored 100%
The average score is
Your high score is
Your fastest time is
Keep scrolling down for answers and more stats ...
|
Kingsfisher
+1
Level 63
Mar 1, 2024
I would call this an excellent example of the fact that GDP per capita is not a reliable indicator of the standard of living of the population. You wouldn't say that the Nenets Autonomous Okrug lives twice as well as Luxembourg, would you? I like to call it the "Guyana effect" — high incomes/low population = high GDP per capita, even if the standard of living itself... not well.
FreeStater
+2
Level 67
Mar 1, 2024
Would be interesting to see it adjusted for PPP. I imagine most of the drive behind Nenets' high pay is the price of everything up there.
Kingsfisher
+1
Level 63
Mar 1, 2024
Just the same, I calculated adjusted for PPP, taking into account the purchasing power of the currency - the ruble. The point here is more that the Nenets have good oil and gas reserves (the Barents Sea and the Timan-Pechora basin), while their population is ridiculously small — about 40,000 people. And we get the "Guyana effect" — high incomes/low population = high GDP per capita.
Kingsfisher
+1
Level 63
Mar 1, 2024
However, I think your guess is not false either — the prices are really higher there. The only thing that can prevent it is an adjustment for the undervalued ruble currency, which is why prices in Nenets are considered conditionally equal to Penza (we get the same problem as with nominal GDP). Although, in general, the standard of living of Nenets is not bad: some of this big money falls into the regional budget, but it clearly does not stand on a par with Western Europe or the Anglosphere
New and Popular
Save Your Progress
Copyright H Brothers Inc, 2008–2024
Contact Us | Go To Top | View Mobile Site