Determining which country is "richer" is complex, as it depends on how you define wealth. Here are two common interpretations:
1. GDP (Gross Domestic Product):
- China's GDP is significantly larger than Russia's.
- In 2022, China's GDP was $18.3 trillion compared to Russia's $1.8 trillion.
- China's GDP is more than ten times larger than Russia's.
2. Per Capita GDP:
- China's per capita GDP is much lower than Russia's.
- In 2022, China's per capita GDP was $12,969 compared to Russia's $24,732.
- This indicates that while China's overall economy is much larger, the average Russian citizen has a higher standard of living.
In conclusion, China is richer in terms of total economic output, while Russia has a higher per capita GDP. Which country is "richer" depends on the specific metric used.
