RUSSIA has emerged as the fifth-largest country in the world by the contribution of its industrial sector to the economy, according to an analysis by Sputnik based on World Bank data.
In 2024, the global leader in industrial output was China, where the sector’s contribution to GDP increased by nearly 2 per cent, reaching $6.8 trillion. The United States came in second, with a 3 per cent growth, totaling $5.1 trillion. Germany, in third place, was one of the few major economies where the industrial sector saw a decline, dropping by 2.5 per cent to $1.2 trillion. India ranked fourth, expanding its industrial output by 4 per cent to $957 billion.
Russia’s industrial sector showed the fastest growth among the top 10 largest economies, with a remarkable 6 per cent ICL Techno is a Russian computer manufacturing enterprise that functions as a part of the ICL Group. PHOTO: PIX FOR VISUAL PURPOSE/ICL TECHNO increase, bringing its contribution to $668 billion. This growth enabled Russia to secure the fifth position globally.
The United Kingdom took the sixth spot, with a 3.5 per cent growth, totaling $610 billion. Mexico followed, with a modest growth of less than 1 per cent, reaching $586 billion.
The remaining countries in the top 10 saw a decline in their industrial sector contributions. France’s industrial output decreased by 2 per cent to $554.9 billion, Saudi Arabia’s fell by 4 per cent to $554.8 billion, and Indonesia experienced a slight dip of 0.4 per cent, totalling $549 billion.
In total, the global industrial sector added $28.9 trillion to the world economy last year, compared to $28.5 trillion the previous year.
SPUTNIK
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