Markets
Chart: The World’s Largest 10 Economies in 2030
World’s Largest Economies in 2030
The Chart of the Week is a weekly Visual Capitalist feature on Fridays.
Today’s emerging markets are tomorrow’s powerhouses, according to a recent forecast from Standard Chartered, a multinational bank headquartered in London.
The bank sees developing economies like Indonesia, Turkey, Brazil, and Egypt all moving up the ladder – and by 2030, it estimates that seven of the world’s largest 10 economies by GDP (PPP) will be located in emerging markets.
Comparing 2017 vs. 2030
To create some additional context, we’ve compared these projections to the IMF’s most recent data on GDP (PPP) for 2017. We’ve also added in potential % change for each country, if comparing these two data sets directly.
Here’s how the numbers change:
| Rank | Country | Proj. GDP (2030, PPP) | GDP (2017, PPP) | % change |
|---|---|---|---|---|
| #1 | China | $64.2 trillion | $23.2 trillion | +177% |
| #2 | India | $46.3 trillion | $9.5 trillion | +387% |
| #3 | United States | $31.0 trillion | $19.4 trillion | +60% |
| #4 | Indonesia | $10.1 trillion | $3.2 trillion | +216% |
| #5 | Turkey | $9.1 trillion | $2.2 trillion | +314% |
| #6 | Brazil | $8.6 trillion | $3.2 trillion | +169% |
| #7 | Egypt | $8.2 trillion | $1.2 trillion | +583% |
| #8 | Russia | $7.9 trillion | $4.0 trillion | +98% |
| #9 | Japan | $7.2 trillion | $5.4 trillion | +33% |
| #10 | Germany | $6.9 trillion | $4.2 trillion | +64% |
Possibly the biggest surprise on the list is Egypt, a country that Standard Chartered sees growing at a torrid pace over this timeframe.
If comparing using the 2017 IMF figures, the difference between the two numbers is an astonishing 583%. This makes such a projection quite ambitious, especially considering that organizations such as the IMF see Egypt averaging closer to 8% in annual GDP growth (PPP) over the next few years.
The Ascent of Emerging Markets
Egypt aside, it’s likely that the ascent of emerging markets will continue to be a theme in future projections by other banks and international organizations.
By 2030, India will be the second largest economy in PPP terms according to many different models – and by then, it will also be the most populous country in the world as well. (It’s expected to pass China in 2026)
With the divide between emerging and developed economies closing at a seemingly faster rate than ever before, this should be seen as an interesting opportunity for all investors taking a long-term view.
Markets
Forecast: When Companies Will Reach $5 Trillion in Market Cap
Forecasts suggest Microsoft and Alphabet could be the next to hit a $5T market cap, following NVIDIA’s milestone.
When Companies Will Reach $5 Trillion in Market Cap
See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Key Takeaways
- Data from BestBrokers.com estimates when the next $5 trillion companies will emerge, based on their historical 3-year average growth rates.
- If these estimates hold up, Microsoft could be the next company to hit the $5T milestone, followed shortly after by Alphabet.
After Nvidia became the world’s first $5 trillion dollar company in October 2025, investors are left wondering which tech giant will reach the milestone next.
To find out, we’ve visualized forecasts that estimate when various companies could reach a $5 trillion market cap based on historical growth trends.
Data & Discussion
The analysis from BestBrokers.com is based on each company’s 3-year average growth rate.
It projects that Microsoft and Alphabet could reach $5 trillion sometime in the second half of 2026, while others, including Apple and Meta, could follow in 2027.
| Company | Market Cap | 3-Year Average Growth Rate | Estimated Date to Reach |
|---|---|---|---|
| NVIDIA | $4,970,000,000,000 | 163% | Reached on Oct. 29 |
| Microsoft | $3,940,000,000,000 | 32% | Aug 18, 2026 |
| Alphabet | $3,450,000,000,000 | 43% | Oct 25, 2026 |
| Apple | $4,030,000,000,000 | 18% | Jan 14, 2027 |
| Broadcom | $1,780,000,000,000 | 112% | Feb 20, 2027 |
| Meta | $1,680,000,000,000 | 97% | May 19, 2027 |
| TSMC | $1,580,000,000,000 | 77% | Oct 13, 2027 |
| Amazon | $2,400,000,000,000 | 32% | May 27, 2028 |
| Tesla | $1,510,000,000,000 | 33% | Dec 26, 2029 |
| Oracle | $765,970,000,000 | 56% | Jan 1, 2030 |
Hyperscalers Could Hit $5 Trillion Soon
Microsoft is expected to be the next company to reach $5 trillion if its 3-year average growth rate of 32% continues. While Microsoft generates a majority of its revenue from cloud services, other segments like gaming are growing at an impressive pace.
Alphabet, which has an average annual growth rate of 43% over the past 3 years, could follow soon after. Google’s flagship ad business continues to drive massive revenue, allowing the company to pour billions into its AI initiatives.
Alphabet shares have also received a boost after Berkshire Hathaway revealed its $4.9 billion stake in the company.
Learn More on the Voronoi App 
If you enjoyed today’s post, check out The World’s Largest Companies by Revenue on Voronoi, the new app from Visual Capitalist.
Stocks
Ranked: The World’s 50 Most Valuable Companies in October 2025
We visualized the world’s most valuable companies in Oct. 2025, led by Nvidia and the booming artificial intelligence industry.
Ranked: The World’s 50 Most Valuable Companies in October 2025
See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Key Takeaways
- Nvidia has pulled ahead of the rest of its Magnificent Seven peers, nearing an historic $5T valuation.
- Rival chipmaker AMD has surpassed $400B for the first time, riding off a series of catalysts including an OpenAI chip deal and a quantum computing deal with IBM.
The world’s most valuable companies have continued to grow larger in 2025, with the tech sector’s prevalence more profound than ever.
To see how things look as we approach the final two months of the year, we’ve ranked the top 50 companies by their market capitalization as of Oct. 24, sorted by industry.
Data & Discussion
The data for this visualization was sourced from CompaniesMarketCap, a simple and effective tool for tracking real-time market capitalization of publicly-traded firms.
| Name | Sector | Market Cap |
|---|---|---|
| 🇺🇸 Amazon | Consumer Discretionary | $2,391,180,000,000 |
| 🇺🇸 Tesla | Consumer Discretionary | $1,442,470,000,000 |
| 🇨🇳 Alibaba | Consumer Discretionary | $405,129,000,000 |
| 🇺🇸 Home Depot | Consumer Discretionary | $384,896,000,000 |
| 🇫🇷 LVMH | Consumer Discretionary | $355,009,000,000 |
| 🇫🇷 Hermès | Consumer Discretionary | $268,064,000,000 |
| 🇯🇵 Toyota | Consumer Discretionary | $267,678,000,000 |
| 🇺🇸 Walmart | Consumer Staples | $846,478,000,000 |
| 🇺🇸 Costco | Consumer Staples | $413,105,000,000 |
| 🇺🇸 Procter & Gamble | Consumer Staples | $356,901,000,000 |
| 🇺🇸 Coca-Cola | Consumer Staples | $299,892,000,000 |
| 🇨🇭 Nestlé | Consumer Staples | $259,050,000,000 |
| 🇸🇦 Saudi Aramco | Energy | $1,667,830,000,000 |
| 🇺🇸 Exxon Mobil | Energy | $491,936,000,000 |
| 🇺🇸 Chevron | Energy | $313,426,000,000 |
| 🇺🇸 Berkshire Hathaway | Financials | $1,061,810,000,000 |
| 🇺🇸 JPMorgan Chase | Financials | $817,858,000,000 |
| 🇺🇸 Visa | Financials | $674,244,000,000 |
| 🇺🇸 Mastercard | Financials | $518,604,000,000 |
| 🇺🇸 Bank of America | Financials | $385,308,000,000 |
| 🇨🇳 Agricultural Bank of China | Financials | $381,791,000,000 |
| 🇨🇳 ICBC | Financials | $364,370,000,000 |
| 🇳🇱 Prosus | Financials | $302,205,000,000 |
| 🇺🇸 Wells Fargo | Financials | $272,100,000,000 |
| 🇨🇳 China Construction Bank | Financials | $271,816,000,000 |
| 🇺🇸 Morgan Stanley | Financials | $260,701,000,000 |
| 🇺🇸 Eli Lilly | Health Care | $739,980,000,000 |
| 🇺🇸 Johnson & Johnson | Health Care | $458,730,000,000 |
| 🇺🇸 AbbVie | Health Care | $402,758,000,000 |
| 🇺🇸 UnitedHealth | Health Care | $328,307,000,000 |
| 🇨🇭 Roche | Health Care | $272,998,000,000 |
| 🇬🇧 AstraZeneca | Health Care | $259,460,000,000 |
| 🇺🇸 General Electric | Industrials | $320,526,000,000 |
| 🇺🇸 NVIDIA | Technology | $4,534,870,000,000 |
| 🇺🇸 Apple | Technology | $3,900,350,000,000 |
| 🇺🇸 Microsoft | Technology | $3,892,040,000,000 |
| 🇺🇸 Alphabet | Technology | $3,146,160,000,000 |
| 🇺🇸 Meta | Technology | $1,854,860,000,000 |
| 🇺🇸 Broadcom | Technology | $1,672,330,000,000 |
| 🇹🇼 TSMC | Technology | $1,529,820,000,000 |
| 🇺🇸 Oracle | Technology | $807,715,000,000 |
| 🇨🇳 Tencent | Technology | $744,318,000,000 |
| 🇺🇸 Netflix | Technology | $463,856,000,000 |
| 🇺🇸 Palantir | Technology | $438,006,000,000 |
| 🇰🇷 Samsung | Technology | $437,015,000,000 |
| 🇺🇸 AMD | Technology | $410,450,000,000 |
| 🇳🇱 ASML | Technology | $400,995,000,000 |
| 🇩🇪 SAP | Technology | $313,919,000,000 |
| 🇺🇸 IBM | Technology | $286,405,000,000 |
| 🇺🇸 Cisco | Technology | $279,214,000,000 |
Nvidia’s Rise to $4.5 Trillion
Nvidia leads the world with a staggering valuation of $4.53 trillion, surpassing both Apple ($3.9 trillion) and Microsoft ($3.89 trillion).
Nvidia GPUs remain the backbone of AI model training, with customers like OpenAI committing billions of dollars to buy its chips.
Nvidia has also committed to investing $100 billion in OpenAI to build more data centers, raising concerns about the circular nature of recent deals between major AI players.
OpenAI is currently the world’s most valuable private tech company, valued at $500 billion.
AI is Everywhere
The AI craze is creating many more winners than just Nvidia.
For example, in early October, AMD and OpenAI announced a strategic partnership to deploy 6 gigawatts of AMD GPUs. A week later, OpenAI followed up with a strategic collaboration with Broadcom to deploy 10 gigawatts of custom AI chips.
Broadcom shares are up 56% year to date, while AMD has rocketed 115% (its shares climbed 43% the week of the OpenAI announcement).
On the software side, Palantir has quickly risen to become the world’s 45th most valuable company, setting record-breaking P/E and P/S ratios along the way. The firms develops AI platforms that digest vast amounts of data to make predictive insights.
Palantir has been the best-performing S&P 500 stock since its addition to the index in September 2024, and has climbed 1,956% since its October 2020 IPO.
Learn More on the Voronoi App
If you enjoyed today’s post, check out Average S&P 500 Returns by Zodiac Year on Voronoi, the new app from Visual Capitalist.
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