15 Largest Economies in the World Ranked by 2015 PPP

6. Russia

Projected 2015 GDP growth: -3.8%
GDP based on PPP valuation (in billions of dollars): 3,473.8

The services sector of Russia accounts for 56% of its GDP, with the citizens enjoying 60% of their pre-tax earnings and spending it mostly on shopping. This is possible as housing is state-owned, so citizens do not have to pay for rent after privatization. The defense industry is also a significant contributor to Russia’s economy, employing up to 3 million people which account for at least 30% of all manufacturing jobs. However, the IMF has projected Russia to drop to 19th place in the succeeding years due to the depreciation of the ruble and the negative GDP growth.

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