5 Largest Economies in the World by 2030

In this piece, we will take a look at the 5 largest economies in the world by 2030. For more countries, head on over to the 25 largest economies in the world by 2030.

5. Germany

Projected GDP in 2030 (in billions): $5,372.71

Germany will remain the the largest economy in Europe in 2030, and will be the only country in Europe whose GDP is expected to exceed $5 trillion.

4. Japan

Projected GDP in 2030 (in billions): $5,771.01

Japan has recovered sufficiently well from the Covid-19 pandemic and demonstrated strong growth in Q2 2023, with economic growth beating forecasts.

3. India

Projected GDP in 2030 (in billions): $6,543.21

While currently India’s economy is smaller than both Japan and Germany, its growth rate being the third highest in our list of biggest economies by 2030 allows it to take third place.

2. China

Projected GDP in 2030 (in billions): $31,624.42

While China’s CAGR from 2023 – 2028 has been a healthy 7.5%, it is still not sufficient to overcome the gap between the U.S. In fact, the slowdown means that there’s a chance that China will never overtake the U.S. economy, as economists estimate that growth could slow down to 3.5% by 2030 and just 1% in 2050, much lower than earlier projections.

1. United States of America

Projected GDP in 2030 (in billions): $34,850.59

Fending off competition from China and topping the list of the 25 biggest economies in the world by 2030 is the U.S. Despite major concerns about the U.S. economy especially towards the end of 2022, signs have improved in the immediate short-term in 2023, and in Q3, signs of a “soft landing” for the country have emerged. While the long-term outlook of the nation’s economy has been muted somewhat, positive signs might lead to an even better landing by 2030.

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