PH projected to become world’s 18th biggest economy by 2050
Long-term projections by London-based macroeconomic research organization Capital Economics sees the Philippines becoming the world’s 18th biggest economy by 2050 once it improves its “dreadful” infrastructure.
The report projected the country’s nominal domestic product (GDP) to rise to $4.862 trillion thirty years from now. Nominal GDP capita is also expected to climb to $33,650. This year, Capital Economics predicts the Philippines’ GDP to grow by 11 per cent.
In the forecast, Capital Economics projects the following 17 countries as top nations in terms of nominal GDP at market exchange rates, followed by the Philippines: the United States, China, India, Germany, Japan, the United Kingdom, Indonesia, France, Canada, Australia, South Korea, Mexico, Russia, Vietnam, Italy, Brazil, and Egypt.
Related news
- Cost is still a factor in outsourcing decisions – Datamark · 11 Mar 2020
- Building occupied by BPO firms shut down · 10 Mar 2020
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
