Prediction: 32 most powerful economies in the world by 2050
By the year 2050, the world as we know it will most likely change. The world’s economic and financial landscape is will definitely be no exception.
A report from PwC looks at which economies around the globe will be the most powerful 33 years from now. The report entitled “The long view: how will the global economic order change by 2050?” list down 32 countries by their projected global GDP by purchasing power parity.
Purchasing Power Parity is utilized in macroeconomics to determine a country’s economic productivity and standard of living for a specific time period.
Except for the USA, many of the world’s leading economies like Germany and Japan are no longer included. Those countries are replaced by current emerging markets such as India, The Philippines, and Indonesia.
Check out the rankings below:
32. Netherlands — $1.496 trillion.
31. Colombia — $2.074 trillion.
30. Poland — $2.103 trillion.
29. Argentina — $2.365 trillion.
28. Australia — $2.564 trillion.
27. South Africa — $2.570 trillion.
26. Spain — $2.732 trillion.
25. Thailand — $2.782 trillion.
24. Malaysia — $2.815 trillion.
23. Bangladesh — $3.064 trillion.
22. Canada — $3.1 trillion.
21. Italy — $3.115 trillion.
20. Vietnam — $3.176 trillion.
19. Philippines — $3.334 trillion.
18. South Korea — $3.539 trillion.
17. Iran — $3.900 trillion.
16. Pakistan — $4.236 trillion.
15. Egypt — $4.333 trillion.
14. Nigeria — $4.348 trillion.
13. Saudi Arabia — $4.694 trillion.
12. France — $4.705 trillion.
11. Turkey — $5.184 trillion.
10. United Kingdom — $5.369 trillion.
9. Germany — $6.138 trillion.
8. Japan — $6.779 trillion.
7. Mexico — $6.863 trillion.
6. Russia — $7.131 trillion.
5. Brazil — $7.540 trillion.
4. Indonesia — $10.502 trillion.
3. United States — $34.102 trillion.
2. India — $44.128 trillion.
1. China — $58.499 trillion.
