Richest Country in 2050 will be United Kingdom
The United Kingdom's Gross Domestic Product in 2050 is estimated to be 3.58 trillion US dollars, with a per capita income of 49,412 US dollars. The present gap between the British economic wealth and Germany's economic wealth will contract significantly.
If the projections used in the above video prove to be accurate, the largest economy in 2030 will be China with $64.2 trillion in GDP after adjusting for purchasing power parity (PPP). That's nearly $20 trillion more than India, which will be the second largest by that time.
China's yuan could become world's 'currency of choice' by 2050 under dual circulation plan | South China Morning Post.
In the univariate model, China will be the largest economy in the world in 2100, producing some 27% of global output. India will be the second largest economy accounting for 16.2% of global output and the US will be third with 12.3% of global output.
In the univariate model, China will be the largest economy in the world in 2100, producing some 27% of global output. India will be the second largest economy accounting for 16.2% of global output and the US will be third with 12.3% of global output. So, it's the century of China then.
By 2025, the United States would still be the most powerful country of the world, but it would have a little over 18% of the global power. The US would be closely followed by China (nearly 16%), European Union (14%) and India (10%).
There is still much work to be done to propel China to the top of the world's economy, but it is certainly possible that the Chinese economy can surpass the power of the US by 2050. It may also be too early to make definitive projections of China's future.
According to a recent report by Harvard University, “From economic complexity growth estimates, India is growing at the annual list at the rate of 7.9 percent as the fastest growing country for the coming decade.
China, France, Russia, the United Kingdom, and the United States are often referred to as great powers by academics due to "their political and economic dominance of the global arena". These five nations are the only states to have permanent seats with veto power on the UN Security Council.
India is expected to overtake Germany in terms of GDP in 2025 and Japan in 2027 to become the third largest economy after the U.S. and China. Modi has pledged to make India a developed country by 2047, when it celebrates the 100th anniversary of its independence.
In 2017, Center for International Development at Harvard University, published a research study, projecting that India has emerged as the economic pole of global growth by surpassing China and is expected to maintain its lead over the 2020s.
“By 2050, for example, more than 40 percent of the extremely poor people in the world will live in just two countries: Democratic Republic of the Congo and Nigeria. Even within these countries, poverty is concentrated in certain areas,” says the report.
China is expected to hold on to the number one spot. In 2050, the Asian giant is forecast to have the largest economy on the planet. With an ageing population and an annual GDP growth rate averaging just 4.4%, however, China isn't projected to enjoy the exceptional economic growth it experienced during the 2000s.
Heatwaves will be more frequent and long-lasting, causing droughts, global food shortages, migration, and increased spread of infectious diseases. Moreover, as the polar ice will melt, sea levels will rise substantially, affecting a large number of coastline cities and as many as 275 million of their inhabitants.
The report warns that, by 2040, global temperatures are expected to rise 1.5 degrees Celsius above pre-industrial levels, meaning that most people alive today will see the dramatic effects of climate change within their lifetime.
There will be "far worse extreme weather events than those we see today. withering droughts, epic floods, deadly hurricanes, and almost inconceivably hot heatwaves; a typical summer day in midlatitude regions like the U.S. will resemble the hottest day we have thus far ever seen." Dr.
India to overtake China as world's most populous country in April 2023, United Nations projects.
India has overtaken China as the world's most populous country, according to UN population estimates, the most significant shift in global demographics since records began.
China is the second most powerful country in the world, with a growing military, economic strength, and cultural influence. It has the world's second largest military budget, with over a million active soldiers, and it is the world's second largest economy, with a GDP of over $14 trillion.
Countries such as Afghanistan, Central African Republic, Ethiopia, Libya, Mali, Somalia, South Sudan, and Syria are all currently experiencing civil wars, resulting in significant casualties and displacement. Drug wars are another form of conflict that can result in significant violence and unrest.