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

Jul 1, 2018

By 2050, the world is likely to have changed drastically from what we know now, and the planet’s economic and financial landscape will be no exception.china-fire-dragon

A report from professional services giant PwC looks at which economies around the world will be the biggest and most powerful in 33 years time.

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.

With the exception of the USA, many of the world’s current powerhouse economies like Japan and Germany will have slipped down global rankings, replaced by countries such as India and Indonesia, which are currently emerging markets.

Check out the ranking below (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 — $1.496 trillion.

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Image: REUTERS/Michael Kooren

31. Colombia — $2.074 trillion.

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Image: Flickr/mariusz kluzniak

30. Poland — $2.103 trillion.

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Image: Business Insider/Charles Clark

29. Argentina — $2.365 trillion.

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Image: Reuters/Reuters Photographer

28. Australia — $2.564 trillion.

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Image: REUTERS/Philip Brown

27. South Africa — $2.570 trillion.

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Image: AP Photo/Eugene Hoshiko

26. Spain — $2.732 trillion.

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Image: Reuters/Jon Nazca

25. Thailand — $2.782 trillion.

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Image: Sorin Colac / Shutterstock.com

24. Malaysia — $2.815 trillion.

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Image: gracethang2/Shutterstock

23. Bangladesh — $3.064 trillion.

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Image: Reuters/Eduardo Munoz

22. Canada — $3.1 trillion.

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Image: Getty

21. Italy — $3.115 trillion.

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Image: ANSA-PERI/DI MEO/ZENNARO

20. Vietnam — $3.176 trillion.

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Image: AP

19. Philippines — $3.334 trillion.

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Image: REUTERS/Romeo Ranoco

18. South Korea — $3.539 trillion.

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Image: REUTERS/Kim Hong-Ji

17. Iran — $3.900 trillion.

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Image: REUTERS/Fadi Al-Assaad

16. Pakistan — $4.236 trillion.

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Image: Flickr/manalkhan

15. Egypt — $4.333 trillion.

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Image: REUTERS/Mohamed Abd El Ghany

14. Nigeria — $4.348 trillion.

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Image: Marcos Brindicci/REUTERS

13. Saudi Arabia — $4.694 trillion.

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Image: Reuters

12. France — $4.705 trillion.

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Image: Harry Engels/Getty Images

11. Turkey — $5.184 trillion.

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Image: Osman Orsal/Reuters

10. United Kingdom — $5.369 trillion.

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Image: Getty

9. Germany — $6.138 trillion.

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Image: Pixabay

8. Japan — $6.779 trillion.

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Image: Shige.H / Shutterstock

7. Mexico — $6.863 trillion.

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Image: Flickr/LWY

6. Russia — $7.131 trillion.

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Image: Shutterstock

5. Brazil — $7.540 trillion.

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Image: Getty

4. Indonesia — $10.502 trillion.

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Image: Tatan Syuflana/AP

3. United States — $34.102 trillion.

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Image: Ian Walton/Getty Images

2. India — $44.128 trillion.

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Image: euters/Shailesh Andrade

1. China — $58.499 trillion.

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Image: REUTERS/Stringer

Source by Will Martin – Business Insider UK.

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