That is not clearly relevant, since the graph was not about Russia being richer, but growing faster. That the USSR numbers were higher might be relevant, if it makes it easier to return to them.
has oil wealth
Russia has a similar amount of oil exports to Saudi Arabia, spread over five times the population, but has similar GDP per capita. Simply going from 0 to its current oil doesn’t account for the change over the past decade. If you throw in gas, aluminum and steel, it might be a big piece of the change, though.
That is not clearly relevant, since the graph was not about Russia being richer, but growing faster. That the USSR numbers were higher might be relevant, if it makes it easier to return to them.
Russia has a similar amount of oil exports to Saudi Arabia, spread over five times the population, but has similar GDP per capita. Simply going from 0 to its current oil doesn’t account for the change over the past decade. If you throw in gas, aluminum and steel, it might be a big piece of the change, though.
Oops, I only noticed the number, not the graph.