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21 Most Powerful Economies in 2030
ECONOMY Indonesia

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.

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.

PPP is a model which describes the purchasing power and therefore value, of a given currency.

Let's see which countries that hit the rank and on top of all of 21 nations that are listed, you sure wouldn't believe that there is one country from this region is included.

21. Nigeria — $1.794 trillion

Source Image: World Photo Organisation
Source Image: World Photo Organisation

20. Pakistan — $1.868 trillion

An ox race in Lahore. Source Image: Rough Guides
An ox race in Lahore. Source Image: Rough Guides

19. Egypt — $2.049 trillion

Source Image: whatwomenwant-mag.com
Source Image: whatwomenwant-mag.com

18. Canada — $2.141 trillion

Toronto Skyline , Ontario, Canada. Source Image: Architectural & interior Design Photography Montreal blog
Toronto Skyline, Ontario, Canada. Source Image: Architectural & Interior Design Photography Montreal blog

17. Spain — $2.159 trillion

Barcelona, Spain. Source Image: Dream Wedding
Barcelona, Spain. Source Image: Dream Wedding

16. Iran — $2.354 trillion

Slum Houses, Masouleh, Iran. Source Image: Pinterest
Slum Houses, Masouleh, Iran. Source Image: Pinterest

15. Italy — $2.541 trillion

Europe's most colourful towns. Source Image: norwegian.com
Europe's most colourful towns. Source Image: norwegian.com

14. South Korea — $2.651 trillion

Cherry blossoms at night, in South Korea's Busan City. Source Image: 123RF Stock Photo
Cherry blossoms at night, in South Korea's Busan City. Source Image: 123RF Stock Photo

13. Saudi Arabia — $2.755 trillion

Light trails from traffic illuminate highways surrounded by residential buildings in Riyadh. Source Image: Bloomberg
Light trails from traffic illuminate highways surrounded by residential buildings in Riyadh. Source Image: Bloomberg

12. Turkey — $2.996 trillion

Source Image: Maciej Dakowicz
Source Image: Maciej Dakowicz

11. France — $3.377 trillion

Street of Old Nice, French Riviera. Source Image: Anna Everywhere
Street of Old Nice, French Riviera. Source Image: Anna Everywhere

10. United Kingdom — $3.638 trillion

United Kingdom, as photographed by Sean Batten
United Kingdom, as photographed by Sean Batten

9. Mexico — $3.661 trillion

Source Image: World Photography Organisation
Source Image: World Photography Organisation

8. Brazil — $4.439 trillion

Ipanema, an affluent neighbourhood located in the South Zone of the city of Rio de Janeiro. Source Image: Brian Hodges Photography
Ipanema, an affluent neighbourhood located in the South Zone of the city of Rio de Janeiro. Source Image: Brian Hodges Photography

7. Germany — $4.707 trillion

In Berlin, Germany. Source Image: Matt Badenoch
In Berlin, Germany. Source Image: Matt Badenoch

6. Russia — $4.736 trillion

In Moscow. Source Image: The Telegraph
In Moscow. Source Image: The Telegraph

5. INDONESIA — $5.424 trillion

According to a professional body ICAS last year, Asia will remain the fastest growing region of the world overall, with Indonesia on course to become the world’s 16th trillion dollar economy, drawing some attention away from the traditional hubs of China and India.

It's not surprising though that this one and only nation in the region could project more towards 2030.

In Ubud, Bali © PicQuery
In Ubud, Bali © PicQuery

4. Japan — $5.606 trillion

Japan's city at night © Pinterest
Japan's city at night © Pinterest

3. India — $19.511 trillion

Source Image: World Photography Organisation
Source Image: World Photography Organisation

2. United States — $23.475 trillion

 Golden Gate Bridge in California United States © Pinterest
Golden Gate Bridge in California United States © Pinterest

1. China — $38.008 trillion

A worker checks on coils of steel at a factory in Dalian, Liaoning province © The Baltimore Sun
Worker checks on coils of steel at a factory in Dalian, Liaoning province © The Baltimore Sun

Note: All numbers cited above are in US dollars and at constant values (for reference, the US's current PPP is $18.569 trillion)

Source : The Independent UK

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