On Mar 30, 2007, at 4:38 PM, Chris Doss wrote:
> 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.
DB probably used market exchange rates. At market rates, according to the World Bank database, total Russian GDP rose 290% from 1999-2005; at PPP exchange rates, just 67% (neither is adjusted for inflation).
Doug