According to new GDP per capita PPP (purchase power parity) data from the World Bank, Poland's GDP-adjusted income will likely surpass that of Japan by 2026.

According to the latest growth projections from the International Monetary Fund (IMF) World Economic Outlook (WEO) in April 2024, Poland is quickly closing the gap with Japan in terms of per capita income.

Japan's growth has been sluggish in recent years, leading to it being recently surpassed by Russia. As a result, Japan's economy has fallen to fifth place, with Russia now ranking as the fourth largest economy in the world based on purchasing power parity, according to the World Bank.

Among the top four largest economies, three are now BRICS members: China (1), India (3), and Russia (4). The US ranks second in adjusted terms and remains the largest in nominal terms, bne IntelliNews reports.

Overall, Emerging Markets (EMs) are growing significantly faster than developed markets. Germany has also dropped in the rankings, falling to sixth place behind Russia.

Poland's growth is an exception in Europe, where many major economies are nearing recession due to the boomerang effect of sanctions, which are increasingly impacting Europe more than Russia.

The Russian economy is thriving, according to the latest macroeconomic survey from the Central Bank of Russia (CBR), although the regulator is struggling to manage high inflation, which has now exceeded 9% and is increasing. Russia's economy grew by 3.6% last year and is projected to grow by 3-3.8% this year, based on various estimates.