THATS COOL. I HAVE LAND IN INDIA – CHART OF THE WEEKChart: The World’s Largest 10 Economies in 2030Published 7 months ago on January 11, 2019 By Jeff Desjardins Tweet Share Share Reddit Email Chart: The World World’s Largest Eco nomies in 2030 The Chart of the Week is a weekly Visual Capitalist feature on Fridays. Today’s emerging markets are to morrow’s powerhouses, according to a recent forecast from Standard Chartered, a multinational bank headquartered in Lo ndon. The bank sees developing economies like Indonesia, Turkey, Brazil, and Egypt all moving up the ladder – and by 2 030, it estimates that seven of the world’s largest 10 economies by GDP (PPP) will be located in emerging markets. Com paring 2017 vs. 2030 To create some additional context, we’ve compared these projections to the IMF’s most recent data on GDP (PPP) for 2017. We’ve also added in potential % change for each country, if comparing these two data sets directly. Here’s how the numbers change:

CHART OF THE WEEK

Chart: The World’s Largest 10 Economies in 2030

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7 months ago

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January 11, 2019

By

Jeff Desjardins

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Chart: The World

World’s Largest Economies in 2030

The Chart of the Week is a weekly Visual Capitalist feature on Fridays.

Today’s emerging markets are tomorrow’s powerhouses, according to a recent forecast from Standard Chartered, a multinational bank headquartered in London.

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 world’s largest 10 economies by GDP (PPP) will be located in emerging markets.

Comparing 2017 vs. 2030

To create some additional context, we’ve compared these projections to the IMF’s most recent data on GDP (PPP) for 2017. We’ve also added in potential % change for each country, if comparing these two data sets directly.

Here’s how the numbers change:

Rank Country Proj. GDP (2030, PPP) GDP (2017, PPP) % change
#1 China $64.2 trillion $23.2 trillion +177%
#2 India $46.3 trillion $9.5 trillion +387%
#3 United States $31.0 trillion $19.4 trillion +60%
#4 Indonesia $10.1 trillion $3.2 trillion +216%
#5 Turkey $9.1 trillion $2.2 trillion +314%
#6 Brazil $8.6 trillion $3.2 trillion +169%
#7 Egypt $8.2 trillion $1.2 trillion +583%
#8 Russia $7.9 trillion $4.0 trillion +98%
#9 Japan $7.2 trillion $5.4 trillion +33%
#10 Germany $6.9 trillion $4.2 trillion +64%

Possibly the biggest surprise on the list is Egypt, a country that Standard Chartered sees growing at a torrid pace over this timeframe.

If comparing using the 2017 IMF figures, the difference between the two numbers is an astonishing 583%. This makes such a projection quite ambitious, especially considering that organizations such as the IMF see Egypt averaging closer to 8% in annual GDP growth (PPP) over the next few years.

The Ascent of Emerging Markets

Egypt aside, it’s likely that the ascent of emerging markets will continue to be a theme in future projections by other banks and international organizations.

By 2030, India will be the second largest economy in PPP terms according to many different models – and by then, it will also be the most populous country in the world as well. (It’s expected to pass China in 2026)

With the divide between emerging and developed economies closing at a seemingly faster rate than ever before, this should be seen as an interesting opportunity for all investors taking a long-term view.


Thanks in Advance,
Sincerely
Ajay

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