Page 68 - RusRPTAug24

68 I New Europe in Numbers bne August 2024
GDP per capita, PPP (constant 2021 international $) - Poland, Japan
International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.
Poland's adjusted income to overtake Japan's by 2026
New GDP per capita PPP data from the World Bank suggest that Poland's GDP-adjusted income is likely to overtake that of Japan by 2026.
Based on the current growth projections from the International Monetary Fund (IMF) World Economic Outlook (WEO) in April 2024, Poland is fast catching up with Japan in per capita income terms.
Romania’s trade gap widens by one- third y/y in April-May
Romania’s trade deficit (goods only, chart) widened by nearly 33% y/y in April-May, as exports contracted by 2.1% y/y while imports increased by 5.3% y/y according to data published by the statistics office.
The short-term dynamics reflect the industry’s modest performance and
the robust private consumption (retail sales), while from a broader perspective the country’s external balance is slightly improving after the energy (natural gas, crude oil) price shock in 2022/2023, while remaining deep in the deficit area.
World Bank upgrades Russia to "high-income" country due to war-spending boost
The positive economic news keeps coming for Russia after the World Bank upgraded it from an "upper- middle-income" to a "high-income" country, putting it in the same group as the leading G7 nations, the bank said on July 1.
Bulgaria and Palau were also up- graded to “high-income” in the World Bank’s ranking.
Russia’s economy has defied expecta- tions by outperforming all expecta- tions following the imposition of harsh economic sanctions that have been off- set by heavy spending on the military industrial complex.
ROMANIA: 12-month rolling Export, Import and Balance (€mn)
World Bank Group country classification by income level
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