Trade restrictions of Western countries with Russia could cost Russia nearly 10 percent of its annual gross domestic product in the long term as of 2022, according to a model simulation of doubling of non-tariff trade barriers. The economies of the Baltic states were estimated to experience a more negative impact than countries in Western Europe and the United States.
Estimated long-term change in annual gross domestic product (GDP) due to trade restrictions of Western countries with Russia as of 2022, by country
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Kiel Institut für Weltwirtschaft. (March 3, 2022). Estimated long-term change in annual gross domestic product (GDP) due to trade restrictions of Western countries with Russia as of 2022, by country [Graph]. In Statista. Retrieved May 13, 2024, from https://www.statista.com/statistics/1294709/gdp-impact-of-trade-restrictions-with-russia-by-country/
Kiel Institut für Weltwirtschaft. "Estimated long-term change in annual gross domestic product (GDP) due to trade restrictions of Western countries with Russia as of 2022, by country." Chart. March 3, 2022. Statista. Accessed May 13, 2024. https://www.statista.com/statistics/1294709/gdp-impact-of-trade-restrictions-with-russia-by-country/
Kiel Institut für Weltwirtschaft. (2022). Estimated long-term change in annual gross domestic product (GDP) due to trade restrictions of Western countries with Russia as of 2022, by country. Statista. Statista Inc.. Accessed: May 13, 2024. https://www.statista.com/statistics/1294709/gdp-impact-of-trade-restrictions-with-russia-by-country/
Kiel Institut für Weltwirtschaft. "Estimated Long-term Change in Annual Gross Domestic Product (Gdp) Due to Trade Restrictions of Western Countries with Russia as of 2022, by Country." Statista, Statista Inc., 3 Mar 2022, https://www.statista.com/statistics/1294709/gdp-impact-of-trade-restrictions-with-russia-by-country/
Kiel Institut für Weltwirtschaft, Estimated long-term change in annual gross domestic product (GDP) due to trade restrictions of Western countries with Russia as of 2022, by country Statista, https://www.statista.com/statistics/1294709/gdp-impact-of-trade-restrictions-with-russia-by-country/ (last visited May 13, 2024)
Estimated long-term change in annual gross domestic product (GDP) due to trade restrictions of Western countries with Russia as of 2022, by country [Graph], Kiel Institut für Weltwirtschaft, March 3, 2022. [Online]. Available: https://www.statista.com/statistics/1294709/gdp-impact-of-trade-restrictions-with-russia-by-country/