25 Largest Economies in the World by 2040

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17. Türkiye

Real GDP Forecast (2040): $2.2 Trillion

Population Forecast (2040): 93,058,000

Türkiye is one of the leading economies in the world and its real GDP is expected to reach $2.2 trillion by 2040. With a mix-economy of developing and upper-middle income, Türkiye is projected to be one of the largest economies in the world by 2040.

16. Australia

Real GDP Forecast (2040): $2.3 Trillion

Population Forecast (2040): 30,356,000

Australia is one of the fastest-growing economies in the world. Strong financial and insurance services, technologies, and high-value-added manufactured goods industries add value to the country’s economy.

15. Saudi Arabia

Real GDP Forecast (2040): $2.4 Trillion

Population Forecast (2040): 44,881,000

Saudi Arabia is diversifying its economy with large-scale investment across various sectors including tourism, sports, entertainment, and real estate, among others. Saudi Arabia’s GDP is expected to reach $2.4 trillion by 2040 and rank 15th among the largest economies in the world.

14. South Korea

Real GDP Forecast (2040): $2.6 Trillion

Population Forecast (2040): 49,320,000

South Korea is one of the largest economies in Asia and it is expected to be among the top 15 largest economies in the world by 2040. South Korea’s economy is a highly developed mixed economy with a key focus on exports.

13. Italy

Real GDP Forecast (2040): $2.7 Trillion

Population Forecast (2040): 55,258,000

Italy is one of the largest economies in the European Union. Similar to South Korea, Italy has an export-oriented economy.

12. Canada

Real GDP Forecast (2040): $2.8 Trillion

Population Forecast (2040): 43,823,000

Canada is one of the largest economies in the world and will continue to be one in the future. Canada’s economy is a highly developed mixed economy backed by industries including real estate and rental and leasing, manufacturing, mining and oil and gas extraction, and finance and insurance.

11. Mexico

Real GDP Forecast (2040): $3 Trillion

Population Forecast (2040): 141,055,000

Mexico will be the second-largest economy in South America by 2040. Mexico will always hold a key trade position with the U.S. and Canada.

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