[lbo-talk] Russian Economic Boom Factoids

Chris Doss lookoverhere1 at yahoo.com
Fri Mar 30 13:38:02 PDT 2007


--- Doug Henwood <dhenwood at panix.com> wrote:


>
> On Mar 30, 2007, at 1:32 PM, Chris Doss wrote:
>
> > The Russian GDP in dollar terms has increased
> fivefold
> > during Putin’s term from 2000 to 2006.
>
> What's happened to the ruble-dollar exchange rate
> over that period?
>
>

When I got here in 2000, it was 35 rubles to the dollar. Now it is 26.

I jyst had a couple of beers with Scott Spires (from the Untimely Thoughts list) and we discussed Hellevig's per capita GDP figures. We came to the conclusion that his high-end figures (for the present) are probably right, but that his figures for 1999 are off. The figure he gives for 1999 (or was it 2000?) would be far too low, appropriate for a Sub-Saharan African country.

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