In this article, we look at the 5 largest economies in the world by 2050. To see how we ranked these countries, you can head to the 20 Largest Economies in the World by 2050.
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 trillion
Indonesia 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 16th largest economy in the world, and is the biggest economy in southeast Asia.
3. United States
Projected GDP at PPP: $34.10 trillion
The 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 country’s 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 trillion
PwC 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 trillion
China 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 Asia’s biggest, and the world’s second largest economy behind 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.
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