Ivan Kushnir

Economy of the USSR - Economy in Countries Ivan Kushnir

This book about the economy of the USSR from the 1970s to the 1980s. Source data from UN Data. Size. In the 1980s, the gross domestic product of the USSR was equal to $886.6 billion per year; the value of agriculture was $125.8 billion; the value of manufacturing was $305.6 billion. Since the share in the world is between 1% and 10%, the country is classified as a regional leader. Productivity. In the 1980s, the gross domestic product per capita was $3 218.6, the value of agriculture per capita was $456.5, the value of manufacturing per capita was $1 109.3. Since the productivity is between the average and the average of above average, the economy is classified as developed. Growth. In the 1980s, the growth of GDP was 4.3%; the growth of agriculture was 2.8%; the growth of manufacturing was 5.3%. Structure. In the 1980s, the economy of the USSR included: industry (34.5%), services (26.1%), agriculture (14.2%), trade (12.7%), construction (8.1%), and transportation (4.4%). The economy of the USSR collapsed due to falling oil prices, the economy grew at constant prices (production volumes increased) and fell at current prices (increasing efforts led to less and less results).