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These Will Be The Most Powerful Economies In The World By 2050

by : UNILAD on : 03 Aug 2017 16:24
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By 2050 I will be 60-years-old (fuck my life) and the world as we know it will have changed beyond all recognition.

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And as you’d expect the global economic landscape will have too.

A report from PwC has looked at which economies around the world will be the biggest and most powerful in 33 years time, Business Insider UK reports.

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The United States financial grip on the planet will have slipped- being pushed down the global rankings to third place by the growing markets of China and India.

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While other powerhouse economies like Japan, Germany and the UK will slip out of the top 5 to make way for Indonesia and Brazil.

Italy and Canada, who currently sit in the top 10, don’t even make it into the top 20 as they are overtaken by faster growing emerging economies like Mexico, Turkey and Vietnam.

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Check out the full economy Premier League below:

1. China — $58.499 trillion.

2. India — $44.128 trillion.

3. United States — $34.102 trillion.

4. Indonesia — $10.502 trillion.

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5. Brazil — $7.540 trillion.

6. Russia — $7.131 trillion. 

7. Mexico — $6.863 trillion. 

8. Japan — $6.779 trillion. 

9. Germany — $6.138 trillion. 

10. United Kingdom — $5.369 trillion. 

11. Turkey — $5.184 trillion. 

12. France — $4.705 trillion. 

13. Saudi Arabia — $4.694 trillion. 

14. Nigeria — $4.348 trillion.

15. Egypt — $4.333 trillion. 

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16. Pakistan — $4.236 trillion. 

17. Iran — $3.900 trillion. 

18. South Korea — $3.539 trillion. 

19. Philippines — $3.334 trillion. 

20. Vietnam — $3.176 trillion. 

The report, titled ‘The long view: how will the global economic order change by 2050?’ ranked 32 countries based on their projected global gross domestic product by purchasing power parity (PPP).

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They found that the world economy could more than double in size by 2050, because of ‘continued technology-driven productivity improvements’.

But warned that those emerging economies that they’d need to sort out their infrastructure if they wanted to realise their ‘long-term growth potential’.

Topics: News

Credits

Business Insider UK
  1. Business Insider UK

    RANKED: These will be the 32 most powerful economies in the world by 2050