ABSTRACT

The Soviet Union was ahead of Japan in GDP per head in 1913 but behind in 1940. Apart from Japan, however, the USSR was growing faster than the other economies. This was partly due to the fact that mature economies grow more slowly than those which begin from a low base. Real GDP by sector of origin reveals that industry by 1944 contributed almost as much as in 1937 – a formidable achievement given the war and dislocation.