LONDON — Emerging markets will start to dominate rankings of the world's top economies by 2030, according to a report published earlier this year.
ADVERTISEMENT
RANKED: These will be the 21 most powerful economies in 2030
Emerging markets will start to dominate rankings of the world's top economies by 2030, according to a report from PwC.
The report, published by PricewaterhouseCoopers, finds that emerging markets such as India and Brazil will increasingly challenge the economic dominance of the USA and China, while others slip behind.
The report ranks countries by their projected global gross domestic product by purchasing power parity (PPP).
PPP is a model which describes the purchasing power, and therefore value, of a given currency.
ADVERTISEMENT
See 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 $18.569 trillion):
Lianna Brinded contributed to the original version of this report.
21. Nigeria — $1.794 trillion
20. Pakistan — $1.868 trillion
19. Egypt — $2.049 trillion
ADVERTISEMENT
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
ADVERTISEMENT
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
ADVERTISEMENT
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
ADVERTISEMENT
3. India — $19.511 trillion
2. United States — $23.475 trillion
1. China — $38.008 trillion
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
ADVERTISEMENT