5 Largest Economic Countries in The World 2050: China, India, US, Indonesia and Russia

ASIATODAY.ID, JAKARTA – The latest report from the Organization for Economic Co-operation and Development (OECD) in 2050 states that the global population is expected to increase by more than 9 billion, which will likely increase pressure on natural resources that are important for energy and food production.

Despite the recent recession, the world’s Gross Domestic Product (GDP) is expected to nearly quadruple by 2050. However, GDP growth rates in China and India are expected to slow in the coming decades, while the African continent is expected to reach highest economy globally in 2030 and 2050.

With the increase in the world’s population, global energy demand is also estimated to increase by 80%. However, the global energy mix is ​​expected to remain unchanged, with fossil fuels still accounting for around 85%, renewable energy only around 10%, and the remainder being nuclear energy. Additionally, to accommodate a growing population with changing food preferences, global agricultural land is projected to expand in the coming decades to meet increasing food demand, although this expansion will occur at a decreasing rate.

As a result, intense competition for land resources is expected to occur in the coming decades.

According to The World in 2050 report by PwC, China is projected to become the world’s largest economy in 2050, contributing around 20% of global GDP. China has surpassed the United States (US) as the country with the largest economy in the world in terms of purchasing power parity. Apart from that, China is also predicted to become the country with the largest economy in the world before 2030, and India will become the country with the third largest economy in 2050.

Both China and India are likely to surpass the US, which is currently the world’s largest economy.

The following is a list of 20 countries projected to have the largest economies in 2050:

1. China

China is predicted to become the top country with the largest economy in the world in 2050. China’s GDP is estimated to reach US$$42.96 trillion and will control 19.10% of the global economy in 2050. China is also projected to have surpassed the United States as the country with the largest economy in the world. world. Apart from that, China is also expected to become the country with the largest economy in the world before 2030, and its population is expected to reach 1.31 billion in 2050.

2. India

India will be ranked 2nd in the list of countries with the largest economies in the world in 2050. India’s GDP is estimated to reach US$38.68 trillion, controlling 17.21% of the global market. India’s population is also projected to reach 1.67 billion by 2050 making it one of the largest countries in the world by population.

3. United States (US)

The United States is estimated to be the 3rd largest economy in the world in 2050. The United States is projected to have a GDP of US$26.58 trillion, representing 11.82% of the global economy in 2050. The population of the United States is estimated at 375.39 million people. in 2050.

4. Indonesia

Indonesia is estimated to be ranked 4th largest economy in the world in 2050. In 2050, Indonesia will control 2.93% of the global economy with GDP estimated at US$ 6.60 trillion. The population is estimated to reach 317.23 million people in 2050.

5. Russia

Russia is ranked 5th on the list of countries with the largest economies in the world in 2050. Russia is estimated to have a GDP of US$5.69 trillion, which will account for 2.53% of the global economy in 2050. Russia’s population is estimated to reach 133.13 million people in 2050.

6. Japan

Japan is projected to become the country with the 6th largest economy globally. With a projected GDP of US$5.20 trillion, the country will represent 2.31% of the world economy. Japan is also estimated to have a population of 103.78 million people.

7. Germany

Germany will be ranked 7th as the country with the largest economy in the world in 2050. Germany is expected to reach a GDP of US$4.92 trillion, representing 2.18% of the global economy in 2050. Germany’s population is also projected to reach 78.93 million souls by 2050.

8. Turkiye

Turkiye is ranked 8th in our global economic forecast for 2050. GDP is estimated to account for 2.18% of the world economy and reach US$4.90 trillion in 2050. Turkiye’s population is estimated at 95.83 million.

9. United Kingdom

The UK is in 9th place on the list of countries with the largest economies in 2050. The UK is projected to have a GDP of US$3.74 trillion in 2050, which is 1.66% of the global economy. The UK population is also expected to reach 71.68 million by 2050.

10. Brazil

Brazil occupies the 10th position in the largest economic projections in 2050. Brazil’s GDP is estimated to reach US$3.51 trillion, representing 1.56% of the global economy in 2050. Brazil’s population is also expected to reach 230.89 million in 2050.

11. Vietnam

Vietnam is ranked 11th among countries with the largest economies in 2050. Vietnam is expected to control 1.07% of the global economy, with a GDP of US$$2.41 trillion. Vietnam’s population is also estimated to reach 107.01 million people, this shows the rapid development taking place in Vietnam.

12. Egypt

Egypt is 12th on the list of largest economies in 2050. Egypt’s GDP is estimated at US$2.36 trillion, representing 1.05% of the global economy. The population is estimated to reach 160.34 million people, so it is estimated that it will be able to encourage economic expansion.

13. Ethiopia

Ethiopia is ranked 13th in the 2050 economic outlook. With a projected GDP of US$2.18 trillion, Ethiopia will hold a 0.97% share of the global economy. Its population is estimated at 214.81 million people, which will drive its future economic growth.

14. Italy

Italy is projected to have a GDP of US$2.16 trillion, accounting for 0.96% of the global economy. Italy’s population is expected to reach 52.25 million by 2050.

15. Australia

Australia is in 15th position on the list of countries with the largest economies in 2050. Australia’s GDP is expected to reach US$1.96 trillion, representing 0.87% of the global economy. Australia’s population is projected to be 32.19 million in 2050.

16. Spain

Spain is ranked 16th on the list of countries with the largest economies in the world in 2050. Spain is expected to control 0.82% of the global economy in 2050. Spain’s population is estimated to reach 44.22 million people with GDP projected to reach $1.84 trillion in 2050 .

17. Saudi Arabia

Saudi Arabia is ranked 17th in the list of countries with the largest economy in the world in 2050. Saudi Arabia is one of the countries with the largest economy in the Middle East and is expected to control 0.82% of the global economy in 2050. The number of Arab residents is estimated to reach 48 .37 million people with a GDP of US$1.84 trillion in 2050.

18. Pakistan

Pakistan is ranked 18th in the list of countries with the largest economy in the world in 2050. Pakistan is expected to control 0.81% of the global economy in 2050. Pakistan is one of the countries with the largest population in the world and its population is expected to reach 367, 81 million in 2050. Pakistan’s GDP is projected at US$1.82 trillion in 2050.

19. Poland

Poland is ranked 19th on the list of countries with the largest economies in the world in 2050. Poland is one of the fastest growing economies in Europe and is expected to control 0.74% of the global economy in 2050. Poland’s population is estimated at 34.93 million people, and have a GDP of US$1.66 trillion in 2050.

20. Myanmar

Myanmar is ranked 20th on the list of countries with the largest economies in the world in 2050. Myanmar is expected to control 0.64% of the global economy in 2050. Myanmar’s GDP is expected to reach US$1.44 trillion in 2050, while its population is expected to reach 59 .93 million by 2050. (AT Network)

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