Emerging markets will start to dominate rankings of the world’s top economies by 2030, according to a report published earlier this year.
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.
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)
21. Nigeria — $1.794 trillion
20. Pakistan — $1.868 trillion
19. Egypt — $2.049 trillion
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
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
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
3. India — $19.511 trillion
2. United States — $23.475 trillion
1. China — $38.008 trillion
The Independent
