A prediction: The world's most powerful economies in 2030

[B@tt!eDoom]

By 2030, these will be the world's top economies.
Image: REUTERS/Nicky Loh
This article is published in collaboration withBusiness Insider

PricewaterhouseCoopers, one of the world's largest professional-services firms, just released its predictions for the most powerful economies in the world by 2030.

The report, titled "The long view: how will the global economic order change by 2050?" ranked 32 countries by their projected global gross domestic product by purchasing power parity.

PPP is used by macroeconomists to determine the economic productivity and standards of living among countries across a certain time period.

While PwC's findings show some of the same countries right near the top of the list in 13 years, they also have numerous economies slipping or rising massively by 2030.

Check out which countries made the list. All numbers cited in the slides are in US dollars and at constant values (for reference, the US's current PPP is $18.562 trillion):

32. Netherlands — $1.08 trillion

31. Colombia — $1.111 trillion

30. South Africa — $1.148 trillion

29. Vietnam — $1.303 trillion

28. Bangladesh — $1.324 trillion

27. Argentina — $1.342 trillion

26. Poland — $1.505 trillion

25. Malaysia — $1.506 trillion

24. Philippines — $1.615 trillion

23. Australia — $1.663 trillion

22. Thailand — $1.732 trillion

21. Nigeria — $1.794 trillion

20. Pakistan — $1.868 trillion

19. Egypt — $2.049 trillion

18. Canada — $2.141 trillion

17. Spain — $2.159 trillion

16. Iran — $2.354 trillion

15. Italy — $2.541 trillion

14. South Korea — $2.651 trillion

13. Saudi Arabia — $2.755 trillion

12. Turkey — $2.996 trillion

11. France — $3.377 trillion

10. United Kingdom — $3.638 trillion

9. Mexico — $3.661 trillion

8. Brazil — $4.439 trillion

7. Germany — $4.707 trillion

6. Russia — $4.736 trillion

5. Indonesia — $5.424 trillion

4. Japan — $5.606 trillion

3. India — $19.511 trillion

2. United States — $23.475 trillion

1. China — $38.008 trillion

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[ashok321]

http://www.independent.co.uk/news/b...ggest-economies-in-2030-will-be-10178587.html

 

[Rajaraja Chola]

No way Indian economy reaching 19T by 2030 nor the Chinese 38T. I expect Indian economy to have 5-6T by 2030 at best...

 

[Chinese-Dragon]

PricewaterhouseCoopers, one of the world's largest professional-services firms, just released its predictions for the most powerful economies in the world by 2030.

You don't use PPP for comparisons of "Economic power", you use it for determining relative living standards in per capita terms.

What PWC released is a list of countries by projected GDP in PPP terms, not a list of countries by economic power. Check the link.

 

[ito]

No way Indian economy reaching 19T by 2030 nor the Chinese 38T. I expect Indian economy to have 5-6T by 2030 at best...

They have used PPP.

 

[Baby Leone]

I guess Pakistan economy would have crossed 2 trillions by 2030.

 

[Baby Leone]

in PPP maybe not in nominal. pakistans GDP is lower than than south africa

It's obvious as the thread is about ppp in nominal terms Pakistan gdp would be somewhere 700 billion.

 

[Mangus Ortus Novem]

What do these numbers really mean?

Isn't it all about the quality of services, stablity, rule of law and higher HDIs that should matter.

Yes, big economies do have bigger political clout but what of common people in the streets?

For Pak the only measure for now that is important is GDP growth.. between 5.5% to 7.5%... consistently for two decades... rest is just numbers.

An economy which might be bigger than Paks also has more people to feed, more services to provide... so bigger numbers are subjective.

Regardless, who will have the biggest the most important thing is that the Era of Growth has entered Southwest and South Asia...which is very good thing.

Growing economies, hopefully, create environment of lasting Peace.

 

[AndrewJin]

No one can predict what the world will be like 3 decades later.
I just know China is adding an entire india every 2-3 years.
(I sincerely apologise for my previous estimation of every 3-4 years, World Bank corrects me).

 

[powastick]

If these banksters prediction are so great, they would already avoided 2008 financial crisis.

 

[BetterPakistan]

These projections are based on GDP PPP. Pakistan GDP PPP has crossed $1 trillion for fiscal year 2016-17 and the prediction for 2030 (14 years ahead) is $1.868 trillion despite the fact that Pakistan is heading towards 6% nominal growth for fiscal year 2017-18. Are you serious??

If Pakistan goes improving the way it has in the last 4 years, Pakistan GDP PPP will be $3.5 trillion in 2030 In sha ALLAH