Which countries will be in the top5 gdp list by 2030. In world bank data, monaco and liechtenstein has better per capita gdp than luxembourg. They have more people and as they become middle income the population factor overwhelms differences in income. Feb 16, 2020 in ppp data, qatar, macao sar, luxembourg and singapore would have gdp per capita of above one lakh international dollar. Gross domestic product gdp is a monetary measure of the market value of all the final goods and services produced in a specific time period. Manuals, guides, and other material on statistical practices at the imf, in member countries, and of the statistical community at large are also available. Gdp is the worth of all goods and services made in a country in a year. Values are given in usds and have not been adjusted for inflation. Korea poised to overtake japan in gdp per capita by 2030. South sudan and burundi would be the poorest economy in nominal and ppp, respectively. Of the 12 eu members forecast to grow by 3 percent or more this year, nine are former communist countries in the east of the continent, according to. Romania was the fastest growing economy in the eu last year, with an estimated gdp growth rate of 6. By 2030, china will have almost tripled its gross domestic product gbp, india will have overtaken japan as the worlds fourth biggest economy, and the uks gdp will be lagging behind brazils. Gdp is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.
In 2020, luxembourg and qatar would have highest gdp per capita in. Since you probably meant gdp per capita, i think op is trying to point out how little countries, or all the ones that have over 50 million, have high gdp per capita, even by ppp, which is usually more generous to poorer. Rural youth working in agriculture are the poorest group of working youth, youth in rural nonfarm activities are only slightly poorer than. These could be the worlds biggest economies by 2030. The gross domestic product gdp per capita figures on this page are derived from ppp. Gdp per capita variation in european countries 2030. However, gdp per capita would still trail south korea in 2030, ranking 17th to seouls 15th. The 5 highest records for sovereign countries 1 per country since 1980.
This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for gdp per capita. Korea poised to overtake japan in gdp per capita by. The region was the envy of europe in 17th century and the world is about to turn full circle. World economic situation and prospects 2019 the united nations. Jul 06, 2018 these three narratives are illustrated as europe 30 by 30 lists of the biggest winners figure 1 and losers figure 2 in changes in european per capita income between today and 2030. Gross domestic product gdp is a monetary measure of the market value of all the final goods and services produced in a specific time period, often annually. World map showing nominal gdp of countries for the year 2010 according to the imf. Well, the best forecast we can find comes from the us department of agriculture, which forecasts 3. Cia world factbook unless otherwise noted, information in. These figures have been taken from the international monetary funds world economic outlook weo database, october 2019 edition. G20 countries are ranked by 2050 gdp, highest to lowest. Weve also added in potential % change for each country, if comparing these. Apr 19, 2012 however, gdp per capita would still trail south korea in 2030, ranking 17th to seouls 15th. Poland, the czech republic and hungary are also growing more quickly than major economies in western europe and boast low unemployment.
Among countries on the continent itself, equatorial guinea is the richest. The worlds largest 10 economies in 2030 visual capitalist. Price waterhouse updates gdp projections for 2050 and. Bertelsmann stiftung, forecast of the variation of the real gross domestic product gdp per capita of different european countries in 2030 as a result of the departure of the united kingdom from. Us growth will have been eclipsed and india will still be rising but only to near the level of the us. The map displayed here shows how gdp per capita ppp varies by country. These will be the 21 most powerful economies in 2030 the. As a result, six of the seven largest economies in the world are projected to be emerging. The table has current values for gdp per capita, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to historical data charts. The united states continues to grow, consistently well above the global average, maintaining its. Gdp nominal per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries. The imf publishes a range of time series data on imf lending, exchange rates and other economic and financial indicators. This is an alphabetical list of countries by past and future gross domestic product per capita, based on the purchasing power parity ppp methodology, not on.
Countries with the highest gross domestic product gdp 2030. This is an alphabetical list of countries by past and future gross domestic product per capita, based on official exchange rates, not on the purchasing power parity ppp methodology. Household enterprises are the fastest growing livelihood sector in low income countries, ordered by gdp per capita figure 21. Aug 30, 2019 per capita gdp is a measure of the total output of a country that takes gross domestic product gdp and divides it by the number of people in the country.
This is 1 to 5% faster annual growth than the rest of the world. List of countries by past and projected gdp nominal per capita. Pwc does not expect the per capita income of china to catch up with turkey or italy. These figures have been taken from the international monetary funds world economic outlook weo database, april 2019 edition, world bank, or. China has 60% of the us economy on a nominal basis in 2016. Gdp per capita is gross domestic product divided by midyear population.
This notion of a low or middleincome country becoming the world s largest economy. The results show that the current rate of progress in developing countries assuming as an indicator gdp per capita values is insufficient to achieve equitable compliance with the sdgs at the global level. In our latest world in 2050 report we present economic growth projections for 32 of the largest economies in the world, accounting for around 84% of global gdp. Asias share of global gdp, which rose to 28 per cent last year from 20 per cent in 2010, will likely reach 35 per cent by 2030 matching that of the euro area and the us combined. Chinas ppp gdp is expected to be about the total of the us combined with the eu27 in 2050. The basis of singapores wealth is its financial services sector, a chemical export industry, and its liberal economic. Countries such as indonesia, turkey, egypt and brazil will all be higher than. Gdp growth for myanmar will likely slow significantly to 4. Imf has projected gdp and gdp per capita out to about 2021.
List of countries by gdp ppp per capita this article includes three lists of countries of the world sorted by their gross domestic product. This is an alphabetical list of countries by past and future gross domestic product per. We read every letter, fax, or email we receive, and we will convey your comments to cia officials outside opa as appropriate. World economic outlook databaseseptember 2011, international monetary fund. Looking downward and to the right along the scatterplot in figure 4, many. In exchange rates methods, per capita wealth of the richest economy luxembourg would be 985% of the global average, while poorest economy south sudan would be only 2% of the world average. Aug 16, 2019 however, both nations also have the highest absolute household debttogdp ratios in the world. List of countries by gdp nominal per capita wikipedia. List of countries by past and projected gdp nominal per. By 2030, india will be the second largest economy in ppp terms. The shade of the country corresponds to the magnitude of the indicator. The two charts in this post show the level of gdp per capita for countries around the world between 1950 and 2016. Annual percentage growth rate of gdp per capita based on constant local currency. Vulnerability to sealevel rise and storm surges by country, circa 2000.
In the best scenario, where japans female labor force rises to the level of swedens by 2040, it. This page provides values for gdp per capita ppp reported in several countries. We project the world economy to grow at an average of just over 3% per annum in the period 2014 50. Jan 21, 2020 in world bank data, monaco and liechtenstein has better per capita gdp than luxembourg. Learn how the world bank group is helping countries with covid19 coronavirus. Gdp at purchasers prices is the sum of gross value added by all resident producers in the. Purchasing power parity means how much money would be needed to. List of countries by past and projected gdp ppp per capita. There would be 24 economies which have per capita gdp ppp above int. To create some additional context, weve compared these projections to the imfs most. If one measures gdp at ppp per person a very different picture. Population growth, fertility, life expectancy and mortality. Keep in mind that both countries suffer from extremely high income inequality, so the average person is much, much poorer than these numbers might suggest. List of regions by past gdp ppp per capita wikipedia.
Sustainability free fulltext development of a global. G20 gdp projections 2009 2030 2050 country rankings. Well gdp is the amount of wealth in the country, so a country of 100,000,000 is usually wealthier then a country of 1,000,000. Purchasing power parity means how much money would be needed to buy the same item in two different countries. For rankings regarding wealth, see list of countries by wealth per adult. S department of agriculture camp up with latest macroeconomic projections that go out to 2030. Per capita gdp is a measure of the total output of a country that takes gross domestic product gdp and divides it by the number of people in the country. Moreover, other countries who currently lead in per capita gdpsuch as norwaywould have been considered. Jan 03, 2011 by the year 2030, it is projected that china will eclipse the united states and have the largest gross domestic product gdp in the world, at 31. This entry shows gdp on a purchasing power parity basis divided by population as of 1 july for the same year. 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 worlds largest 10 economies by gdp ppp will be located in emerging markets.
China would need 65% more overall nominal economic growth or a stronger currency to catchup to the overall us economy on a nominal basis. This is an alphabetical list of countries by past and future gross domestic product per capita, based on the purchasing power parity ppp methodology, not on official exchange rates. China ppp gdp would also be equal to about the level of the us combined with india in 2030. The office of public affairs opa is the single point of contact for all inquiries about the central intelligence agency cia.
A clue is given and you have to guess the correct country not all countries are given. Here is a full ranking of the top 20 countries by mean and median. Here is a full ranking of the top 20 countries by mean and median wealth. The report ranks countries by their projected global gross domestic product by purchasing power parity ppp. List of countries by gdp ppp per capita simple english.
Emerging markets e7 could grow around twice as fast as advanced economies g7 on average. This is the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current u. List of regions by past gdp ppp per capita wikimili, the. The world in 2050 will the shift in global economic power.
World economic situation and prospects 2020 the united nations. Europes top 30 movers in 2030 brookings institution. This page is a list of the countries of the world by gross domestic product at purchasing power parity per capita, i. What nation will have the largest nominal gdp in 2050. This page provides values for gdp per capita reported in several countries.
This is a list of countries of the world sorted by their gross domestic product gdp per capita. Gdp per capita will tend to converge across countries but will still leave significant gaps in. Constant gdp per capita for developing countries in europe. Jan 11, 2019 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 worlds largest 10 economies by gdp ppp will be located in emerging markets. Population in the capital city, urban and rural areas. Global trends in per capita gdp growth and gini coefficients. Gdp projections produced for 2050, by pwc price waterhouse coopers indicate that even more significant changes could be ahead. Is the uk really set to drop out of the worlds top 10 economies by 2030.
In 2020, luxembourg and qatar would have highest gdp per capita in nominal and ppp, respectively. Thresholds for the index are established to determine the adequacy of progress in relation to the 2030 goals. The world economy could more than double in size by 2050, far outstripping population growth, due to continued technologydriven productivity improvements. More than half of rural youth work outside of agriculture figure 22. The first chart shows the level of gdp per capita at four different points in time. Developing economies to eclipse west by 2060, oecd forecasts. List of regions by past gdp ppp per capita wikimili. However, both nations also have the highest absolute household debttogdp ratios in the world.
The table has current values for gdp per capita ppp, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to. Similarly, while chinas gdp is larger than that of the united states in gdp, its gdp per capita is about onefourth that of the us. The table has current values for gdp per capita ppp, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to historical data charts. This page lists the countries of the world sorted by their gross domestic product per capita at nominal values. Countries with the highest gross domestic product gdp. Asian countries are still maintaining gdp growth of 48 % depending upon the country. These three narratives are illustrated as europe 30 by 30 lists of the biggest winners figure 1 and losers figure 2 in changes in european per capita income between today and 2030.
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