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To give the readers a sense of proportionality, Russia has about the same GDP as Italy (About 2 trillion USD). Saudi Arabia is about 10% less at 1.8 trillion US
by somberi 8y ago
To give the readers a sense of proportionality, Russia has about the same GDP as Italy (About 2 trillion USD). Saudi Arabia is about 10% less at 1.8 trillion USD (PPP 2017 numbers), but an estimated oil reserve of 35 trillion USD, which is approximately thrice as much as what is available in Russia.
- jannes 8y agoInteresting numbers! Thanks! One question: Why are you quoting the estimed oil reserve in USD? Wouldn't that number fluctuate a lot due to changes in oil price during the years of extraction? Wouldn't it make more sense to quote it in barrels?
- somberi 8y agoMay be you are correct, but as a hydrocarbon-plebe, USD makes more sense to me :)