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 published earlier this year.

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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

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20. Pakistan — $1.868 trillion

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19. Egypt — $2.049 trillion

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18. Canada — $2.141 trillion

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17. Spain — $2.159 trillion

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16. Iran — $2.354 trillion

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15. Italy — $2.541 trillion

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14. South Korea — $2.651 trillion

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13. Saudi Arabia — $2.755 trillion

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12. Turkey — $2.996 trillion

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11. France — $3.377 trillion

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10. United Kingdom — $3.638 trillion

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9. Mexico — $3.661 trillion

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8. Brazil — $4.439 trillion

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7. Germany — $4.707 trillion

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6. Russia — $4.736 trillion

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5. Indonesia — $5.424 trillion

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4. Japan — $5.606 trillion

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3. India — $19.511 trillion

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2. United States — $23.475 trillion

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1. China — $38.008 trillion

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The Independent