The data from the World bank for 2012 is finally out, as preliminary data indicated, Russia did indeed overtake Germany in economic output and became the largest economy in Europe and the 5th largest in the world. http://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?order=wbapi_data_value_2012 wbapi_data_value wbapi_data_value-last&sort=desc On the GDP per capita side, Russia continued to close the gap with the west with its GDP per capita rising to 65% of British and French levels. It seems that Russia will overtake Greece in per capita terms this year as in 2012, it reached 95% of Greek levels and the continued decline in economic output in Greece and increase in economic output in Russia is bound to equalize their GDP per capita's. In addition, Russia's GDP per capita has reached 47% of American levels, a level which the Soviet Union was never able to attain, it failed to lift its GDP per capita above 40% of American levels. Russia today is closer to the west in terms of economic development than it has ever been in the past. In this sense, the current government of Russia has been more successful than any in the past in achieving economic convergence with the west.