Markets

Chart: The World’s Largest 10 Economies in 2030

Published

5 years ago

January 11, 2019

Jeff Desjardins

Chart: The World

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.

Related Topics:GDP emerging markets PPP economies largest economies

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Maps

Mapped: The 10 U.S. States With the Lowest Real GDP Growth

In this graphic, we show where real GDP lagged the most across America in 2023 as high interest rates weighed on state economies.

Published

2 days ago

May 16, 2024

Niccolo Conte

The Top 10 U.S. States, by Lowest Real GDP Growth

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

While the U.S. economy defied expectations in 2023, posting 2.5% in real GDP growth, several states lagged behind.

Last year, oil-producing states led the pack in terms of real GDP growth across America, while the lowest growth was seen in states that were more sensitive to the impact of high interest rates, particularly due to slowdowns in the manufacturing and finance sectors.

This graphic shows the 10 states with the least robust real GDP growth in 2023, based on data from the Bureau of Economic Analysis.

Weakest State Economies in 2023

Below, we show the states with the slowest economic activity in inflation-adjusted terms, using chained 2017 dollars:

Rank	State	Real GDP Growth 2023 YoY	Real GDP 2023
1	Delaware	-1.2%	$74B
2	Wisconsin	+0.2%	$337B
3	New York	+0.7%	$1.8T
4	Missississippi	+0.7%	$115B
5	Georgia	+0.8%	$661B
6	Minnesota	+1.2%	$384B
7	New Hampshire	+1.2%	$91B
8	Ohio	+1.2%	$698B
9	Iowa	+1.3%	$200B
10	Illinois	+1.3%	$876B
	U.S.	+2.5%	$22.4T

Delaware witnessed the slowest growth in the country, with real GDP growth of -1.2% over the year as a sluggish finance and insurance sector dampened the state’s economy.

Like Delaware, the Midwestern state of Wisconsin also experienced declines across the finance and insurance sector, in addition to steep drops in the agriculture and manufacturing industries.

America’s third-biggest economy, New York, grew just 0.7% in 2023, falling far below the U.S. average. High interest rates took a toll on key sectors, with notable slowdowns in the construction and manufacturing sectors. In addition, falling home prices and a weaker job market contributed to slower economic growth.

Meanwhile, Georgia experienced the fifth-lowest real GDP growth rate. In March 2024, Rivian paused plans to build a $5 billion EV factory in Georgia, which was set to be one of the biggest economic development initiatives in the state in history.

These delays are likely to exacerbate setbacks for the state, however, both Kia and Hyundai have made significant investments in the EV industry, which could help boost Georgia’s manufacturing sector looking ahead.