All news

EU becomes world’s third by purchasing power parity GDP after Brexit — Kudrin

Now with $16.5 trillion it is after China ($19.39 trillion) and the US ($17.95 trillion)

MOSCOW, June 24. /TASS/. The European Union is now third after China and the United States by the purchasing power parity (PPP) GDP following Brexit, Russia’s ex-Finance Minister and head of the Center for Strategic Research Alexei Kudrin said on Friday.

"Brexit changes the order of global leaders: the European Union becomes third ($16.5 trillion) by PPP GDP and leaves the second place with $19.2 trillion. [Now it is] after China ($19.39 trillion) and the US ($17.95 trillion)," Kudrin said.

At the referendum on June 23, 52% of Britons (17.41 mln people) voted in favor of Brexit and another 48% (16.14 mln people) chose to remain in the EU.