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12-01-2013, 02:13 PM
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Originally Posted by Sokil View Post
Ukraine is Russia without the oil. Oligopoly, mafia state with the entire economy captive and syphoned off to offshore accounts.
Actually, no. Russia is a better managed country than Ukraine. Russia has a better and more competent government than Ukraine.

In 1990 Ukraine was more developed industrially than Russia. It also had more developed agriculture and better living standards. Now the situation is completely reversed. Russia is far richer and more developed than Ukraine.

Ukraine GDP in 1990: 90 billion dollars
Ukraine GDP in 2012 - 175 billion dollars

Russia GDP in 1990: 569 billion dollars
Russia GDP in 2012 - 2015 billion dollars

During 1990-2012 Russia's GDP grew by by 354% in dollar value while Ukraine's economy grew by 194% in dollar value by comparison. Russia has achieved almost a twice the growth figures in 22 years compared to Ukraine.

Ukraine's poor performance is even more evident when you compare Ukraine to Belarus. Belarus has basically no natural resources, but it's GDP per capita is $15,592 while Ukraine, which has abundant natural resources, has a GDP per capita of only $7,600. That is only half of Belarus' economic output!

Ukraine's economic performance has been pitiful and it has been by far the biggest disappointment of the four big ex-Soviet states (Russia, Ukraine, Kazakhstan and Belarus).

Last edited by Peter25: 12-01-2013 at 02:18 PM.
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