The world needs to be better prepared for populations on the move, writes lorna solis, founder and ceo of the ngo blue rose compass, as climate. In this book, the term gdp is used to refer to the headline indicator of the national accounts. 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. 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. Part 2 covers the development of macroeconomic tools of analysis. The gross domestic product gdp of an economy is a measure of total production. The countries of the european union and the organisation for economic cooperation. Asian economies will account for over 50% of total expansion in world gdp nominal in 2020 as china 1st, india 3rd. The us will be a distant third and the uk will not even be in. Which countries will be in the top5 gdp list by 2030. To create some additional context, weve compared these projections to the imfs most.
This book seeks to identify the forces which explain how and why some parts of the world have grown rich and others have lagged behind. S department of agriculture camp up with latest macroeconomic projections that go out to 2030. This is an alphabetical list of countries by past and projected gross domestic product nominal as ranked by the imf. As a result, six of the seven largest economies in the world are projected to be emerging economies in 2050 led by china 1st, india 2nd and indonesia 4th the us could be down to third place in the global gdp rankings while the eu27s share of world gdp could fall below 10% by 2050. The global contribution to worlds gdp by major economies from 1 ad to 2008 ad according to angus maddisons estimates. India among ten asian economies to see robust gdp growth. Health spending projections to 2030 new results based on a revised oecd methodology to gain a better understanding of the financial sustainability of health systems, the oecd has produced a new set of health spending projections up to 2030 for all its member countries. List of countries by past and projected gdp nominal. We expect asia10 to pull ahead of the us by 2030, dbs said, but added that this neither is a sufficient nor a necessary condition to invest in asia, as investing cannot be based on. Gross domestic product gdp is the market value of all final goods and services from a nation in a given year.
While the sheer size of the chinese economy is certainly an exclamation point, perhaps the more. 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. National debt will rise to 98% of gdp by 2030, cbo. The projection does give an estimate of the trends in shifting gdp by country. By 2030, china will have almost tripled its gross domestic product gbp, india will have overtaken japan as the worlds fourth biggest economy, and the uks gdp will be lagging behind brazils. Jan 10, 2019 china and india will be the two biggest economies in the world by 2030, according to a report by analysts at standard chartered bank. These will be the 32 most powerful economies in 2030 the.
Gdp projections are provided for 32 countries and world regions. By 2030, the complexion of the global economy could look very different. Figures are based on official exchange rates, not on the purchasing power parity ppp methodology. Aus australia esp spain mex mexico idn indonesia nld netherlands sau saudi arabia tur turkey che switzerland. The imf publishes a range of time series data on imf lending, exchange rates and other economic and financial indicators. Read more about india among ten asian economies to see robust gdp growth by 2030.
This is an alphabetical list of countries by past and projected gross domestic product. Values are given in millions of united states dollars usd and have not been adjusted for inflation. The worlds biggest economies in 2030 visual capitalist. While thus the projections bear less information than the countrybased projections provided by cuaresma 2017 and dellink et al. 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. Why a new strategy is needed part i replacing gdp by 2030.
The world in 2050 will the shift in global economic power. This article includes a list of countries of the world sorted by their gross domestic product gdp, the market value of all final goods and services from a nation in a given year. Gdp growth annual % data world bank open data data. Countries by real gdp per capita ppp growth according to the world bank. List of countries by past and projected gdp nominal per capita. Historical statistics is a landmark book by angus maddison. List of countries by past and projected gdp nominal per. Jan 11, 2019 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. List of countries by gdp ppp per capita growth rate. Noting the importance of development cooperation in complementing investments by governments, we call upon developed countries, traditional and. Countries are sorted by nominal gdp estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. Weve also added in potential % change for each country. Apr 01, 2020 the statistic shows the potential impact of artificial intelligence ai on the gross domestic product gdp in the united states by 2030. These will be the worlds 20 largest economies in 2030.
The table has current values for gdp, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to. Countries with the highest gross domestic product gdp 2030. More precisely, it is the monetary value of all goods and services produced within a country or region in a specific time period. Last year 2014, china overtook the united states in gross domestic product adjusted for purchasing power gdpppp, see point 4 for explanation, according to both the international monetary fund imf and the world bank note 1. Exploring thousands of scenarios, this report finds that funding needs depend on the service goals and policy choices of low and middleincome countries and could range anywhere from 2 percent to 8 percent of gdp per year by 2030. Here is a projection of world nominal gdp by country using an extrapolation of imf gdp forecasts through 2018. Manuals, guides, and other material on statistical practices at the imf, in member countries, and of the statistical community at large are also available. Sep 20, 2007 this book seeks to identify the forces which explain how and why some parts of the world have grown rich and others have lagged behind.
Us growth will have been eclipsed and india will still be rising but only to near the level of the us. Encompassing 2000 years of history, part 1 begins with the roman empire and explores the key factors that have influenced economic development in africa, asia, the americas and europe. Countries are sorted by gdp ppp forecast estimates from financial and statistical institutions which calculate using market or government official exchange rates. Aus australia esp spain mex mexico idn indonesia nld netherlands sau saudi arabia tur turkey che switzerland pol. The data given on this page are based on the international dollar, a standardized. Gdp growth for myanmar will likely slow significantly to 4. The statistic shows the potential impact of artificial intelligence ai on the gross domestic product gdp in the united states by 2030. It may come as a surprise, but this is really a matter of china simply reasserting its position as the worlds largest economy, which it had lost around 1890 to the. 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.
As developing countries house an increasingly larger share of people, capital, and technology, their share of global gdp will increase, shifting the economic balance of power. 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 past and projected gdp nominal wikipedia. Subtitle if you look at gdp per head, the world is a differentand, by and large, a betterplace. Developing countries set to account for nearly 60%. 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. The worlds largest 10 economies in 2030 visual capitalist. China and india will be the two biggest economies in the world by 2030, according to a report by analysts at standard chartered bank. These figures have been taken from the international monetary funds world. Values are given in usds and have not been adjusted for inflation.
Angus maddison statistics of the ten largest economies by gdp. Countries with the highest gross domestic product gdp. The report further said the demographic dividend that many asian countries benefited from in the past may not be as valuable now. World bank national accounts data, and oecd national accounts data files. Highly educated syrian refugees will have come of age by 2030, making the case for the economic integration of those who have been forced to flee conflict. Figure 1 share of the global economy in purchasing power parity terms. While the definition of gdp is straightforward, accurately measuring it is. These figures have been taken from the international monetary funds world economic outlook weo database, april 2019 edition, world bank, or.
Asias share of global gdp, which rose to 28 per cent last year from 20 per cent in 2010, will likely reach 35 per cent by 2030 matching that of the euro area and the us combined. What nation will have the largest nominal gdp in 2050. This article includes a list of countries by their forecasted estimated gross domestic product based on purchasing power parity, abbreviated gdp ppp. Learn how the world bank group is helping countries with covid19 coronavirus. Grossly distorted picture from mar th 2008, the economist print edition. They have more people and as they become middle income the population factor overwhelms differences in income. The report ranks countries by their projected global gross domestic product by purchasing power parity ppp. World economic outlook databaseseptember 2011, international monetary fund. He has worked with the united nations, oecd, world bank, european. Jan 03, 2011 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. India among ten asian economies to see robust gdp growth by.
Worlds top 20 economic superpowers by 2030 business. These will be the 21 most powerful economies in 2030 the. List of countries by real gdp growth rate wikipedia. This page provides values for gdp reported in several countries. Gdp per capita in the uk is lower than it was before the crisis. Noting the importance of development cooperation in complementing investments by governments, we call upon developed countries, traditional and emerging donors, middle. Uk could be down to 10th place by 2050, france out of.
Published by statista research department, jan 3, 2011 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. Standard chartered forecasts the top 10 countries in the world by purchasing power parity gdp in 2030. Angus maddison statistics of the ten largest economies by. Among other things, it showed that europes gross domestic product gdp. Chinas gdp growth has been slowing the last few years. Nominal gdp does not take into account differences in the cost of living in different countries, and the results can vary. Real gdp forecast real gross domestic product gdp is gdp given in constant prices and refers to the volume level of gdp. Over this timeframe, countries like egypt, china, india, indonesia. Well before midcentury, the united states and the main european powers, long the leaders of the global economy, will be joined in economic size by several emerging. 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. Paul collier offers an intriguing take on how western nations can stop poor countries rich.
Constant price estimates of gdp are obtained by expressing values of all goods and services produced in a given year, expressed in terms of a base period. List of countries by gdp real per capita growth rate. Jan 25, 2016 coming in ahead of countries such as spain and saudi arabia, indonesias gdp is set to see a 4. The gdp dollar estimates presented here are calculated at market or government official exchange rates the figures presented here do not take into account differences in the cost of living in different countries. Per capita gdp growth for myanmar is expected at 5. Apr 15, 2015 by 2030, china will have almost tripled its gross domestic product gbp, india will have overtaken japan as the worlds fourth biggest economy, and the uks gdp will be lagging behind brazils. Future growth patterns of world regions a gdp scenario.