GDP isn’t a particularly useful measurement when a nation is that sanctioned, but it’s a still a pretty hefty cash influx in the exact kind of currency that lets them evade those sanctions.
This, flat GDP really only accurately measures US economy and maybe the Euro zone. With others it becomes increasingly useless in really estimating anything concrete about that economy. Doubly so if they are sanctioned.
$29.6 billion (2023). $1,217 GDP per capita. So about 5.01% of it’s GDP.
GDP isn’t a particularly useful measurement when a nation is that sanctioned, but it’s a still a pretty hefty cash influx in the exact kind of currency that lets them evade those sanctions.
This, flat GDP really only accurately measures US economy and maybe the Euro zone. With others it becomes increasingly useless in really estimating anything concrete about that economy. Doubly so if they are sanctioned.