Macro Economy

Analysis of Russian, USA and

Byelorussia’s economy

What we are going to compare?

trade and investment

fiscal policy

health care

services

inflation

industry

law and government

unemployment

Russia

Russia belongs to the category of the agroindustrial countries. The Russian economy is

among the sixth in terms of GDP PPP over

the world.

USA

The United States is the world's largest

national economy in nominal terms,

representing 22% of nominal global GDP

and 17% of global GDP

Byelorussia

The Gross Domestic Product

(GDP) in Belarus was worth

76.14 billion US dollars in 2014.

The GDP value of Belarus

represents 0.12 percent of the

world economy.

Fiscal Policy

Central and local government

expenditures are about equal.

Combined they come to about 38%

of GDP. Fiscal policy has been very

disciplined since the 1998 debt

crisis. The overall budget surplus

for 2001 was 2.4% of GDP,

allowing for the first time in

history for the next year's budget

to be calculated with a surplus

(1.63% of GDP).

Industry

Belarus specialized mainly in

machine building and

instrument building (especially

tractors, large trucks, machine

tools, and automation

equipment), in computers and

electronics industry and in

agricultural production.

Trade and investment

Foreign trade of the United States comprises the international

imports and exports of the United States, one of the world's most

significant economic markets. The country is among the top three

global importers and exporters.

Inflation

• Inflation Rate in Russia averaged 137.42 percent from 1991 until

2016, reaching an all time high of 2333.30 percent in December

of 1992 and a record low of 3.60 percent in April of 2012.

Inflation Rate in Russia is reported by the Federal State

Statistics Service.

Inflation

• Consumer prices in the United States went up 1.4 percent year-on-year in

January of 2016, following a 0.7 percent increase in the previous month. The...