Ukraine is a big country. After Russia it is the second largest in Europe. It is also a very populous country. It numbers 45 million people. I'm told that is more than lived in the entire Roman Empire.
In economic terms, however, Ukraine is sadly a minnow. Its GDP is about $180 billion.
In other words, its economy is smaller than that of Peru, Romania, Kazakhstan, Portugal and Greece — all of whom have far smaller populations and none of whom are known for exceptional wealth.
Ukraine’s budget in recent years has hovered at just under $60 billion. That is a small number.
Primarily due to a drastic fall in the exchange rate of its currency, its 2015 budget only amounts to $30 billion.
By comparison Slovenia is a post-Communist country in Central Europe of 2 million people. It has a budget of $20 billion.
Russia’s 2015 budget is $390 billion (3-4 times Ukraine’s population but 12 times the budget).
Complete story at - The Humane Thing to Do Is to Let Ukraine Default - Russia Insider
In economic terms, however, Ukraine is sadly a minnow. Its GDP is about $180 billion.
In other words, its economy is smaller than that of Peru, Romania, Kazakhstan, Portugal and Greece — all of whom have far smaller populations and none of whom are known for exceptional wealth.
Ukraine’s budget in recent years has hovered at just under $60 billion. That is a small number.
Primarily due to a drastic fall in the exchange rate of its currency, its 2015 budget only amounts to $30 billion.
By comparison Slovenia is a post-Communist country in Central Europe of 2 million people. It has a budget of $20 billion.
Russia’s 2015 budget is $390 billion (3-4 times Ukraine’s population but 12 times the budget).
Complete story at - The Humane Thing to Do Is to Let Ukraine Default - Russia Insider
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