China is set to be the world's largest economy by 2030. China's push towards robotics could mean higher productivity and even faster GDP growth. Bangladesh likely to be the biggest mover in the global GDP rankings (42nd to 26th), followed by Philippines, Pakistan and Vietnam...
China will take its place as the first richest country among the top 10 richest countries in the World. China is estimated to become the world's first richest and possibly the strongest economy. With 24.62 trillion US dollars in Gross Domestic Product and per capita income of 17,759 US dollars after 30 years.
Here is the full ranking of the richest countries in 2023, according to their per capita GDP. Luxembourg, one of the smallest countries in the EU has a population of 634,000 and is the richest country in this ranking with a per capita GDP of nearly $130,000.
Our projections imply that the world's five largest economies in 2050 (measured in real USD) will be China, the US, India, Indonesia, and Germany (with Indonesia displacing Brazil and Russia among the largest EMs).
Africa and the Arab World will shape our future, while Europe and Asia will recede in their influence. By the end of the century, the world will be multipolar, with India, Nigeria, China, and the US the dominant powers. This will truly be a new world and one we should be preparing for today.”
According to a recent report by Harvard University, “From economic complexity growth estimates, India is growing at the annual list at the rate of 7.9 percent as the fastest growing country for the coming decade.
The United States of America is home to 735 billionaires
The Forbes 2023 rich list reveals that 2,640 billionaires of the world hail from 77 countries or territories. The country with the highest number of billionaires is, unsurprisingly, the US.
The United States remains the most powerful country in the world, followed by China and Russia. However, the balance of power may shift in the coming years as countries like India and Brazil continue to grow economically and assert themselves on the global stage.
United States. The United States of America is a North American nation that is the world's most dominant economic and military power.
The world's largest economies in 2100 – India No. 1.
In the univariate model, China will be the largest economy in the world in 2100, producing some 27% of global output. India will be the second largest economy accounting for 16.2% of global output and the US will be third with 12.3% of global output.
By 2100, India's GDP will I$ 294 trillion, 36% larger than that of then-second-placed China (Table 4). Nigeria, which currently has the biggest economy in Africa, will have the third largest economy in the world in 2100. It will be followed by the USA, Pakistan,, Indonesia, and Ethiopia.
Luxembourg. In terms of purchasing power parity (PPP) Luxembourg scores at the top of the richest countries.
Contact. China, Vietnam, Uganda, Indonesia, and India are projected to be among the fastest-growing economies to 2030. That is the conclusion of researchers at the Growth Lab at Harvard University who presented new growth projections in the Atlas of Economic Complexity.
The world's 12th largest economy
Strong growth in 2021 solidified Australia's position as the world's 12th largest economy in 2021. Nominal GDP was around A$2.2 trillion (US$1.6 trillion) in 2021. Australia is home to just 0.3% of the world's population, but accounts for 1.7% of the global economy.
The top 10 most powerful countries in the world are the US, China, Russia, Germany, the UK, South Korea, France, Japan, India and Israel. The balance of power among nations is continually shifting. The determining factors of a country's power are diverse and ever-evolving.
The valuations of Gina Rinehart ($37.41 billion) and Andrew Forrest ($33.29 billion), the richest and second-richest Australians for the fourth year in a row, surged 10 per cent and 8 per cent respectively as listed-market analysts re-rated their outlook for red Pilbara dirt.
Forbes' real-time data shows that as of May 2023, there are 40 Australian billionaires on the list of the world's richest people.
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.
Sun is going to play some risky games in 2025! Solar storms have the power to end this planet; forget asteroids. The solar storms will hit their cyclical peak in 2025 and could wreak chaos across the planet, costing billions of dollars in damage.
While challenges remain, most experts believe that China will be the new superpower by 2050. China GDP in 2050 is expected to be around $58.5 trillion.