.The World’s Largest 10 Economies in 2030

The World’s Largest 10 Economies in 2030

Published January 11, 2019By Jeff Desjardins

 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:

Pic: Top 10 Countries GDP

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.

To continue reading, please go to the original article here:

https://www.visualcapitalist.com/worlds-largest-10-economies-2030/