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No their economy is not larger than Russia, this is a common trope among people whose only way to reach reality is to irrationally use statistics computed by bu
by ttoinou 2y ago
No their economy is not larger than Russia, this is a common trope among people whose only way to reach reality is to irrationally use statistics computed by bureaucrats
- mpweiher 2y agoActually: it is. https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal) https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi...
- lovegrenoble 2y agoWhile CNN's assertion that Russia's economy is on par with Italy's in nominal GDP may be technically accurate, it does not fully consider the economic nuances that are crucial to a comprehensive analysis. This is an example of propaganda.
- Hnrobert42 2y agoI don't understand why you are so animated by this issue. What am I missing? Propaganda about what?
- mpweiher 2y agoWell, if it is [technically] correct, then it's obviously not "propaganda", but simply the truth. Now you obviously can argue that there should be other considerations, but that is your argument and interpretation, not the obvious truth that the actual data needs to be judged against.
- echoangle 2y agoJust to be pedantic, propaganda doesn't have to be false.
- mpweiher 2y ago"The systematic propagation of a doctrine or cause or of information reflecting the views and interests of those advocating such a doctrine or cause." Citing a correct fact about the world is not propaganda, as facts are neither doctrine nor "reflect views".
- echoangle 2y agoYou can cite facts to provoke an emotional response and make people sympathetic to your ideology. That's propaganda. > Citing a correct fact about the world is not propaganda, as facts are neither doctrine nor "reflect views". It says "propagation of doctrine" and facts can be used to propagate a doctrine. Edit: Here's a definition from Wikipedia: > NATO's 2011 guidance for military public affairs defines propaganda as "information, ideas, doctrines, or special appeals disseminated to influence the opinion, emotions, attitudes, or behaviour of any specified group in order to benefit the sponsor, either directly or indirectly". https://en.wikipedia.org/wiki/Propaganda#Definitions https://en.wikipedia.org/wiki/Propaganda#Definitions Does that sound like the information has to be false to be propaganda?
- dahart 2y agoThe WP link shows sourced data from the IMF and World Bank. Why did you respond to that with an unsourced claim this is CNN’s assertion? The GDP ranking involves all countries. So whose propaganda is it, and what’s the motivation? If it’s technically accurate that Italy ranks above Russia by GDP then what’s the basis for calling it propaganda? Typically propaganda is nationalistic and spreading false information within a country and being used to justify a country’s moves against another, not international verifiable facts that are technically accurate and not being used to justify some action. GDP is a single summary metric, not a comprehensive analysis. It’s entirely possible that Russia’s and Italy’s rankings could swap when using a different economic metric. That certainly doesn’t mean GDP rankings are propaganda.
- deleted 2y ago[deleted]
- ttoinou 2y agoYour assumptions are wrong. GDP does not mean anything in real life
- FrancisMoodie 2y agoHuh, so you're claiming that GDP data and such is not correct? Any source on that? Because I see multiple sources reporting that in 2023 the GDP of Russia was $2,009,959M and that of Italy was $2,300,941M, although Italy has a higher debt %. Which would confirm the original posters claim considering Italy is a much, much smaller country than Russia. What I find a common trope is people claiming facts are incorrect without stating proof.
- antirez 2y agoWhen discussing debt you need to factor in the interesting fact that people in Italy have savings sleeping on the bank that basically counter weight the debt.
- xybercow 2y agoAt the start of Feb 2025 USD was 100 RUB, a few days ago it was 85 RUB. Does this mean their nominal GDP grew by 15% in one month? In some cases it's fine to use Nominal GDP while in other cases, you should use GDP PPP instead. When you look at PPP figures, Russia's economy is on par with Germany or Japan. https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP) https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP) Anders Puck Nielsen just published an interesting video on this topic [How does Russia's military spending compare to Europe?](https://www.youtube.com/watch?v=rxq-TvgNCBU https://www.youtube.com/watch?v=rxq-TvgNCBU)
- JumpCrisscross 2y ago> When you look at PPP figures, Russia's economy is on par with Germany or Japan The Russian economy cannot produce half of what Germany or Japan can. That means they have to import it. Which means the truth is somewhere between PPP and nominal GDP. (The simplest statistical treatment is to PPP domestic industries and nominalise imports, but that’s really an analysis one must do oneself as the assumptions are too numerous for convincing someone who’s already concluded adversely.)
- snailmailstare 2y ago> Does this mean their nominal GDP grew by 15% in one month? If they could keep selling in rubles without a fall in exports or prices then the month's contribution to GDP was 15% higher than the previous one. That doesn't seem very confusing.