Claim in 2017: “In terms of per capita income, Russia ranks 73rd (in terms of purchasing power parity)…”
Source of the claim: Joseph E. Stiglitz, Columbia University professor and recipient of the 2001 Nobel Memorial Prize in economics (April 2017)
Professor Stiglitz did not cite a source for his estimate. However, it is probable that the "73rd" rank comes from the CIA's World Factbook, which estimates GDP (PPP) per capita for 230 countries and territories in 2016. In addition to this likely source of Stiglitz's claim, we turned to the databases of the World Bank and International Monetary Fund to check his number against their latest estimates of Russia’s per capita income in terms of purchasing power parity for the most recent years available vis-à-vis other countries. The results are below.
|Source||Metric||Year||Russia's rank out of how many countries|
|CIA||GDP (PPP) per capita||2016||73rd out of 230|
|IMF||GDP (PPP) per capita in current international $||2016||50th out of 188|
|World Bank||GDP (PPP) per capita in constant 2011 international $||2015||49th out of 183|
|World Bank||GDP (PPP) per capita in current international $||2015||52nd out of 182|
|World Bank||GNI (PPP) per capita in constant 2011 international $||2015||44th out of 135|
|World Bank||GNI (PPP) per capita in current international $||2015||51st out of 178|
NB: Absolute figures for GDP can be viewed in our Facts section.