COMPARATIVE ANALYSIS OF THE ECONOMIC DEVELOPMENT OF THE CIS COUNTRIES IN 1990-2021

Abstract

The results of a comparative analysis show that by 1990 the CIS countries are divided into four groups in terms of economic growth rates: with very high (Turkmenistan and Uzbekistan), high (Azerbaijan, Kazakhstan, Armenia and Belarus), medium (Tajikistan, Kyrgyzstan and Russia) and low (Georgia, Moldova, Ukraine) at a pace. At the same time, Kazakhstan is characterized by a more even progressive development. Due to lower prices in Tajikistan, Uzbekistan, and Kyrgyzstan (21-24% of the US price level), PPP USD GDP data for these countries is 4-5 times larger than foreign exchange GDP data. In Turkmenistan, the highest price level (47% of the US price level) provides more than a doubling of GDP in US dollars. In other countries, the price level is at the level of 30-37% of the price level in the USA, providing about a threefold excess of GDP data at PPP in comparison with GDP data at exchange rates.