Ok shallow Mike. Tough guy.
Russia has a
mixed economy,
[29] with enormous natural resources, particularly
oil and
natural gas.
[30] It is the
fifth-largest economy in Europe, the world's
eleventh-largest economy by nominal GDP, and the
sixth-largest by
PPP.
Russia's vast geography is an important determinant of its economic activity, with some sources estimating that the nation contains over 30% of the world's
natural resources.
[31][32][33] Russia has been widely described as an
energy superpower;
[34] as it has the world's largest
natural gas reserves,
[35] the second-largest
coal reserves,
[36] the eighth-largest
oil reserves,
[37] and the largest
oil shale reserves in Europe.
[38] It is the world's
leading natural gas exporter,
[39] the
second-largest natural gas producer,
[40] and the second-largest oil
exporter,
[41] and
producer.
[42] Russia's foreign exchange reserves are the world's
fifth-largest.
[43] It has a labour force of roughly 70 million people, which is the world's
sixth-largest.
[44] Russia's large
automotive industry ranks as the world's
tenth-largest by production.
[45] It has a large and sophisticated
arms industry, capable of designing and manufacturing high-tech military equipment, and is the world's second-largest exporter of arms.
[46] Russia also has the world's
fifth-largest number of billionaires.
[47]
Russia is the world's twentieth-largest
exporter and
importer.
[48][49] The oil and gas sector accounted up to roughly 40% of Russia's federal budget revenues, and up to 60% of its exports in 2019.
[50] In 2019, the
Natural Resources and Environment Ministry estimated the value of natural resources to 60% of the country's GDP.
[51] Russia has one of the
lowest external debts among major economies,
[52] although its
inequality of household income and wealth is one of the highest among developed countries.
[53]