India will overtake the us economy by 2030 world economic forum. Gdp purchasing power parity compares the gross domestic product gdp or value of all final goods and services produced within a nation in a given year. Strategic transport infrastructure needs to 2030 oecd. The worlds largest 10 economies in 2030 visual capitalist. Debt held by the public will be 81% of gdp this year and is projected to reach 98% by 2030. List of countries by gdp real per capita growth rate.
This entry gives the gross domestic product gdp or value of all final goods and services produced within a nation in a given year. Possibly the biggest surprise on the list is egypt, a country that standard. Apr 10, 2015 the graphic in this story has been corrected to reflect the accurate order of the worlds 20 largest economies in 2030 according to the usdas forecasts. This video shows the top 20 countries with highest gdp ppp from 1980 to 2023. Learn how the world bank group is helping countries with covid19 coronavirus. Aus australia esp spain mex mexico idn indonesia nld netherlands sau saudi arabia tur turkey che switzerland. The data given on this page are based on the international dollar, a standardized. List of countries by gdp ppp simple english wikipedia.
The graphic in this story has been corrected to reflect the accurate order of the worlds 20 largest economies in 2030 according to the usdas forecasts. Bangladesh is likely to be the biggest mover in the global gross domestic product rankings in 2030, becoming the 26th largest economy in the world from 42nd now, according to the latest report of. Jul 31, 2019 unless this changes, the beyondgdp cottage industry will never beat the gdpmultinational. Countries with the highest gross domestic product gdp 2030 forecast. Isbn 9786177393749 isbn 9789666633906 this book offers, for the first time, the sustainable development model of ukraine that is based on a humancentred approach and presents new trajectory of economic growth in ukraine by 2030. Jan 11, 2019 by 2030 seven of the 10 largest economies will be in asia.
The ranking includes superpowers, such as united states, china, japan, india, and germany. Jan 03, 2011 countries with the highest gross domestic product gdp 2030 forecast. Asian gdp will account for roughly 35% of global gdp, up from 28% last year, and just 20% in. Towards a common language for the wellbeing and sustainability community rutger hoekstra on. Indias economy to become 3rd largest, surpass japan, germany by 2030 the estimate by the united states department for agriculture economic research service usda assumes the indian economy. While we think that the discussion of long term trends in the report remains of interest, it does not take account of major events since that date, including in particular the recent global covid19 pandemic.
This is an alphabetical list of countries by past and projected gross domestic product nominal as ranked by the imf. The probable bioeconomy builds on the types of products that are likely to reach the market by 2015. The imf publishes a range of time series data on imf lending, exchange rates and other economic and financial indicators. This is a list of countries by gdp real per capita growth rate, i. S department of agriculture camp up with latest macroeconomic projections that go out to 2030. Values are given in millions of united states dollars usd and have not been adjusted for inflation. Countries with the highest gross domestic product gdp 2030. Nextbigfuture gdp ppp 2030 forecast in 2030, the world will have about 8. An economic forecast for the world 2030 the model is intended to be time series oriented, and a start could be few key economic and demographic time series for a dozen major regions of the world, including an aggregated world result. The world in 2050 will the shift in global economic power. To boost exports, morocco entered into a bilateral free trade agreement with the us in 2006 and an advanced status agreement with the eu in 2008. Replacing gdp by 2030 my book for cambridge university press. Bangladesh to be 26th largest economy in the world daily star.
Asian countries are still maintaining gdp growth of 48% depending upon the country. Corrected for inflation but not for purchasing power parity. Purchasing power parity means how much money would be needed to buy the same item in two different countries. Jul 11, 2019 unless this changes, the beyondgdp cottage industry will never beat the gdpmultinational.
This chapter describes a probable bioeconomy in 2030 and develops two fictional scenarios that explore the interaction of different factors on possible futures. According to wikipedia, gdp comparisons using ppp are arguably more useful than those using nominal gdp see list of countries by gdp nominal when assessing a nations domestic market because. Crosscountry comparison of government expenditures as a share of gdp. The ranking includes superpowers, such as united states, china. Manuals, guides, and other material on statistical practices at the imf, in member countries, and of the statistical community at large are also available. These 5 countries will dominate the global economy in 2030. Top 20 country gdp ppp ranking history 19802023 youtube.
This is an alphabetical list of countries by past and future gross domestic product per capita, based on official exchange rates, not on the purchasing power parity ppp methodology. Global gdp is expected to increase by 2030, but the gap between the richest and poorest economies is set to stay almost the same. Countries are sorted by nominal gdp estimates from financial and statistical institutions, which are calculated at market or government. This is a list of countries of the world sorted by their gross domestic product gdp. Buy products related to world economy products and see what customers say about. A nations gdp at official exchange rates oer is the homecurrencydenominated annual gdp figure divided by the bilateral average us exchange rate with that country in that year. Africa morocco the world factbook central intelligence. The worlds biggest economies in 2030 visual capitalist. Uk to drop out of top 10 world economies by 2030 the week uk. Values are given in usds and have not been adjusted for inflation. This article includes a list of countries by their forecasted estimated gross domestic product based on purchasing power parity, abbreviated gdp ppp. Risks to the outlook remain firmly on the downside, including the possibility of escalating trade tensions.
What is the bioeconomy of 2030 likely to look like. Uk to drop out of top 10 world economies by 2030 the. List of countries by past and projected gdp nominal per capita. Oct 26, 2018 this video shows the top 20 countries with highest gdp ppp from 1980 to 2023. Countries such as indonesia, turkey, egypt and brazil will all be higher. Gross domestic product gdp is the monetary value of all the finished goods and services produced within a country s borders in a specific time period. Trends and strategies for europe edited by daniel gros and cinzia alcidi november 20 other contributors arno behrens ceps. By 2030 seven of the 10 largest economies will be in asia. Asian economies will account for over 50% of total expansion in world gdp nominal in 2020 as china 1st, india 3rd.
Subdued investment in emerging market and developing economies emdes is dampening potential growth prospects. Over this timeframe, countries like egypt, china, india, indonesia. These will be the 21 most powerful economies in 2030 the. The table has current values for gdp, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to historical data charts. By the year 2030, it is projected that china will eclipse the united states and have the largest gross domestic product gdp in the world, at 31.
The world in 2050 will the shift in global economic power continue. List of countries by past and projected gdp nominal. World bank national accounts data, and oecd national accounts data files. While this is one useful way to view the global economic picture, its not the only way. Gdp growth annual % data world bank open data data. That would be the longest stretch of budget deficits exceeding 4% of gdp over the past century.
Indias economy to become 3rd largest, surpass japan. Is the uk really set to drop out of the worlds top 10 economies by. In late 2014, morocco eliminated subsidies for gasoline, diesel, and fuel oil, dramatically reducing outlays that weighed on the country s budget and current account. For countries by gdp based on purchasing power parity, see list of countries by gdp ppp. I got this book as it was required for my world ecomonics class. Countries are sorted by gdp ppp forecast estimates from financial and statistical institutions which calculate using market or government official exchange rates. Case studies explore the opportunities and challenges and help identify the pertinent key issues. Rank, country, 2010, country, 2015, country, 2020, country, 2030, country, 2040. Gdp gross domestic product 2018 millions of ranking economy us dollars usa united states chn china jpn japan deu germany gbr united kingdom fra france ind india ita italy bra brazil can canada rus russian federation a kor korea, rep. List of countries by real gdp growth rate wikipedia. Countries by real gdp growth rate in 2018 data from imf weo database, april 2020 this article includes a lists of countries and dependent territories sorted by their real gross domestic product growth rate. Another concern is rising debt, which may make it difficult for emdes to. By 2030, the complexion of the global economy could look very different. These will be the worlds 20 largest economies in 2030.
This visualization by aron strandberg uses data from the ers international macroeconomic data set to show the change in global gdp distribution between 1970 and 2030 looking at the united states, china and india. This page provides values for gdp reported in several countries. The united states is projected to have the second largest gdp, at 22. Pwc 4 the model projections highlight a likely moderation in growth rates after 2020 figure 2 shows projected average annual real gdp growth rates for the brics, the us, the uk, the eu and the world over the period to 2020 and in the following three decades. The report ranks countries by their projected global gross domestic product by purchasing power parity ppp. This book proposes a new roadmap to 2030, detailing how to create a multidisciplinary wellbeing and sustainability science wss with a common language, the system of global and national accounts sgna.
Asian gdp will account for roughly 35% of global gdp, up from 28% last year, and just 20% in 2010. A nations gdp at purchasing power parity ppp exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the united states. The bank sees developing economies like indonesia, turkey, brazil, and egypt all moving up the ladder and by 2030, it estimates that seven of the worlds largest 10 economies by gdp ppp will be located in emerging markets. How fast will china need to grow to achieve highincome status by 2030. We forecast slower growth in emerging countries than we did three. Which countries will be in the top5 gdp list by 2030. List of countries by past and projected gdp nominal wikipedia. Countries with the highest gross domestic product gdp. Gross domestic product gdp is the market value of all final goods and services from a nation in a given year. Gdp is the worth of all goods and services made in a country in a year. Gross domestic product gdp is one of the worlds most influential and widely cited economic indicators.
By 2030, india will be the second largest economy in ppp terms. Jan 28, 2020 as a share of gross domestic product, the deficit will be at least 4. Bangladesh to be 26th largest economy in the world daily. Figures are based on official exchange rates, not on the purchasing power parity ppp methodology.
The world in 2050 report was published in february 2017. Gross domestic product gdp is the monetary value of all the finished goods and services produced within a countrys. Em countries will account for roughly 50% of global gdp by 2030, which represents a seismic shift from half that in 2000. The annual deficit outstrips the gdp and the debt, mostly held by china, is already an astronomical figure that no one really thinks the us will ever be able to pay off. The richest countries in 2030 wont be who youd expect. This is an alphabetical list of countries by past and projected gross domestic product nominal.