20. Vietnam
Projected GDP at PPP: $3.18 trillionVietnam is expected to be among the three fastest growing economies in the worldbetween 2016 and 2050. Its economy is projected to grow at 5.2% per annum on average, which will enable it to climb 12 positions to become the 20th largest economy in the world in 2050. Vietnam is one of the countries that will benefit from shifting US supply chains amid the US-China economic war.
19. Philippines
Projected GDP at PPP: $3.34 trillionPwCâs projections have estimated the GDP of the Philippines to grow at an average of 4.3% each year to 2050. In 2023, it is forecasted to grow 6.3%. According to the Asian Development Bank, the country is on track to become an upper middle-income economy.
18. South Korea
Projected GDP at PPP: $3.54 trillionSouth Korea is currently Asiaâs fourth largest economy, and the 13th biggest in the world. However, its share of the global GDP is expected to drop in the coming decades due to declining working age populations, and as new drivers of the world economy take center stage.
17. Iran
Projected GDP at PPP: $3.90 trillionDespite being severely affected by western sanctions and having one of the weakest currencies in the world, Iran found a place in our list of the 20 Largest Economies in Asia. By 2050, it is projected to be among 20 largest economies in the world.
16. Pakistan
Projected GDP at PPP: $4.24 trillionPakistan is the fifth most populous nation in the world, and has a sizable population of youth which is the driving force of its economy. Despite recent economic challenges, the country is forecasted by PwC to be among the 20 largest economies in the world by 2050. A report released in December 2022 by The Goldman Sachs Group, Inc. (NYSE:GS) tipped Pakistan to be the sixth largest economy in the world by 2075.
15. Egypt
Projected GDP at PPP: $4.33 trillionEgypt is projected to overtake countries like Canada and Italy on a PPP basis by 2050 to be the 15th largest economy in the world. Currently, it ranks 32nd among the 50 Largest Economies in the World in 2023.
14. Nigeria
Projected GDP at PPP: $4.35 trillionNigeria is the richest country in Africa and boasts the largest gas reserves in the continent. According to PwC, Nigeria has the potential to move up to being the 14th largest economy in the world if it is able to strengthen national institutions, develop the countryâs infrastructure, and diversify its economy.
13. Saudi Arabia
Projected GDP at PPP: $4.69 trillionSaudi Arabia is the sixth largest economy in Asia. It is one of the largest exporters of oil in the world, and is a founding member of OPEC. By 2050, it is projected to be the 13th largest economy in the world.
12. France
Projected GDP at PPP: $4.71 trillionFrance will drop out of the list of the 10 largest economies in the world by 2050. The French economy will continue to remain strong, but it will not be growing at the pace certain other advanced economies will be growing at.
11. TÃŧrkiye
Projected GDP at PPP: $5.18 trillionTÃŧrkiyeâs currency has taken a heavy beating against the US Dollar since 2021, but generally the economy remains strong and on the path of growth. The GDP grew by over 5% last year. PwC has projected TÃŧrkiyeâs economy to be the 11th largest in the world by 2050.
10. United Kingdom
Projected GDP at PPP: $5.37 trillionEuropeâs second largest economy, the United Kingdom, will drop down to 10th spot by 2050. However, despite Brexit it could grow faster than a lot of other European nations due to its large share of the working age population compared to some of the other countries in the region, the PwC said in its report.
9. Germany
Projected GDP at PPP: $6.14 trillionAccording to PwC, Germany will be one of the countries whose population will shrink in size by 2050. Investment rate, as percent of GDP, is also projected to decline in Germany, as early as in 2025 - from 22% in 2016 to 20%. The country will be the ninth largest economy in the world by 2050.
8. Japan
Projected GDP at PPP: $6.78 trillionDriven by exports in electronics and automobiles, Japan is the second largest economy in Asia, and the third largest in the world with a GDP of $4.5 trillion in 2022. However, by 2050, it is projected to drop down in the rankings to eighth position. Toyota Motor Corporation (NYSE:TM) is headquartered in Toyota City, Aichi, Japan.
7. Mexico
Projected GDP at PPP: $6.86 trillionMexico is one the biggest exporters in the Latin America region, and the country already boasts a GDP nearing $1.5 trillion. It is projected to be among the fastest growing economies during the coming years, receiving a significant share of US supply chains shifting closer to home. Mexico will be the seventh largest economy in the world by 2050.
6. Russia
Projected GDP at PPP: $7.13 trillionRussia, with its huge proven oil and natural gas reserves, will continue to remain among the ten largest economies in the world by 2050. A status it still holds currently. In 2050, Russia is projected to be the sixth largest economy in the world with a GDP at PPP of $7.13 trillion.
5. Brazil
Projected GDP at PPP: $7.54 trillion
Brazil will be the fifth largest economy in the world in 2050, going past Germany, Japan, and the United Kingdom. Much of its growth will be driven by its wealth in natural resources and a young population.
4. Indonesia
Projected GDP at PPP: $10.50 trillionIndonesia is one of the most populous nations in the world. By 2050, it is projected to be the fourth largest economy in the world. Currently, it ranks as the 16thlargest economy in the world, and is the biggest economy in southeast Asia.
3. United States
Projected GDP at PPP: $34.10 trillionThe United States is not just the largest economy in the world, but is also the most powerful country in the world. Moreover, the U.S. Dollar ranks first amongst the strongest currencies in the world, with the greenback maintaining its status as the global reserve currency. The 20th century has been called the American Century. However, by 2050, the countryâs economic dominance might not hold. The U.S. is forecasted by PwC to drop below China and India to be the third largest economy in 2050.
2. India
Projected GDP at PPP: $44.13 trillionPwC has projected India to overtake the United States to become the second largest economy of the world by 2050. It is forecasted to surpass the Japanese economy by 2032. India is already an economic powerhouse that is competing with China for regional supremacy in Asia, and will have a greater global role come 2050.
1.China
Projected GDP at PPP: $58.50 trillionChina will be the largest economy in the world by 2050, holding at least 20% share of the global GDP according to projections made by PwC in its report titled The World in 2050. China is currently Asiaâs biggest, and the worldâs second largest economybehind the United States. The country has made astonishing economic progress over the last three decades and is well on track to shape the global economic order in 2050. Already about eight countries have begun or are considering to trade in the Chinese Yuan instead of the U.S. Dollar. You can read more on this in our article, 15 Most Powerful Currencies in the World.
Apith Number 2 welata innewaâĻhithagannewath ba
