Top 15 Global Economies: China Has Least Inflation While Russia Has Worst Price Rise Worries
Ranked first in terms of GDP with a $25.43 trillion economy, the United States has tackled inflation worries bringing it down to 2.4%
Which of the top 15 economies has the highest inflation rate? The world's eighth-largest Russian economy is the worst hit by price rise at 8.6%. China ranked second in terms of Gross Domestic Product (GDP), and has the least inflationary worries at 0.3% among the top 15 economies by size. The Indian economy, fifth in GDP, suffers from the second highest inflation rate at 6.21%, while the Italian economy, ranked 10th in size, has the second least inflation impact at 0.9%.
Here is a list of the top 15 economies in the order of their inflation rate:
1. Russia: Highest Price Rise
Russia’s real GDP stands at $2.24 trillion, with a per capita GDP of about $15,000. The inflation rate is relatively high at 8.6%, and the Russian Ruble (RUB) is the national currency, exchanging at approximately 70 RUB per 1 USD. Russia maintains foreign exchange reserves of $600 billion and holds a substantial 2,300 tons of gold. Major exports include oil, gas, and metals, while the country imports machinery, vehicles, and pharmaceuticals. Russia’s economy is heavily reliant on natural resources, with energy exports contributing significantly to its GDP.
