The economic trends, combined with the projections of the major macro data and a pinch of geopolitics, all together are capable of giving us a picture of how theglobal economy in the next years. And, even better, they tell us what the 10 Strongest Economies in 2050.
According to an OECD report, by 2050 the world population will grow to exceed the 9 billionfurther increasing the consumption and need for natural resources essential for energy and food production.
And by 2050 global GDP is expected to almost quadruple, with enormous differences between one country and another. If China and India see their growth rate decrease in the coming decades, that of African countries will reach unprecedented levels.
What will be the largest economy in the world in 2050?
As PwC explains in its report entitled “The World”, it is expected that the China it will become the world’s largest economy by 2050, accounting for around 20% of global GDP. No surprise: the Red Dragon has already surpassed the United States in terms of purchasing power parity (PPP). And China is expected to officially be the world’s largest economy before 2030, while theIndia will be third in the ranking by 2050.
By 2050, both China and India will likely surpass the United States, whose economy is now the largest in the world.
Bad news, however, on the European front. The weight of the EU on the world GDP will fall below 10%, while the emerging E7 economies (Brazil, China, India, Indonesia, Mexico, Russia and Turkey) will grow almost twice as fast as the G7 economies, which will suffer an average decrease of -0.3% per year of the working-age population between 2016 and 2050.
The ranking of the strongest economies in the world in 2050
To draw up the ranking that identifies which will be the 10 largest economies in the world by 2050 we base ourselves on the report “Economics in the Year 2100” from Fathom, a forecasting software and data consolidation company that provides benchmarks on the estimated percentage share of countries in global GDP in 2100.
The same report also shows the PPP (purchasing power parity) on the GDP of the top 10 economies, a useful figure for calculating the total value of global GDP in 2050.
From the estimates it emerges that world GDP will be approximately 224.96 trillion dollars by 2050.
Below is the ranking of the strongest economies in the world in 2050:
| Pos. | Country Name | GDP Forecast in $ (2050) | % share of world GDP | Demographic forecasts (2050) |
|---|---|---|---|---|
| 1 | China | 42.96 trillion | 19.10% | 1.31 billion |
| 2 | India | 38.68 trillion | 17.21% | 1.67 billion |
| 3 | United States | 26.58 trillion | 11.82% | 375.39 million |
| 4 | Indonesia | 6.60 trillion | 2.93% | 317.23 million |
| 5 | Russia | 5.69 trillion | 2.53% | 133.13 million |
| 6 | Japan | 5.20 trillion | 2.31% | 103.78 million |
| 7 | Germany | 4.92 trillion | 2.18% | 78.93 million |
| 8 | Türkiye | 4.90 trillion | 2.18% | 95.83 million |
| 9 | United Kingdom | 3.74 trillion | 1.66% | 71.68 million |
| 10 | Brazil | 3.51 trillion | 1.56% | 230.89 million |
Where is Italy in the ranking of the strongest countries in the world in 2050?
Where will the Italian economy rank among the most powerful countries in the world in 26 years?
Italy is in 14th placeproceeded by Vietnam (11th), Egypt (12th) and Ethiopia (13th), and followed by Australia (15th), Spain (16th), Saudi Arabia (17th), Pakistan (18th), Poland (19th) and Myanmar (20th).
Italian GDP in 2050 is estimated to be worth 2.16 trillion dollars, with a weight on world GDP of 0.96%, while the population is expected to fall to 52,250,000 (from the current 58,990,000).
