2030 seems far away. But it is not: 2030 is only in 13 years.
By then, the world will have changed significantly, and Price Waterhouse Coopers (PwC), a business consulting firm, has engaged in an interesting exercise: estimating the ranking of the 32 largest economies in the world.
In 2050, the United States will be third, and France will be 12th.
The PwC study is titled: “The long term: how will the global economic order change by 2050?” and it seeks to analyze the evolution of GDP in industrialized countries.
We learn, for example, that China is number 1 in 2016 and will remain so in 2030 and 2050. The PwC study calculates GDP based on purchasing power parity (PPP), which is considered more accurate than simple GDP based on currency value.
In 2030, the United States will retain its second place from 2016, but by 2050 it will be surpassed by India, which will become the second-largest economy in the world. Thus, the Top 3 changes very little.
Japan, on the other hand, will face difficulties: from being the fourth-largest economy in 2016 and 2030, it will drop to eighth place by 2050, surpassed by Indonesia (4th), Brazil (5th), Russia (6th), and Mexico (7th).
Germany will also see a decline: from being the 5th largest economy in 2016, it will become the 7th in 2030 and then the 9th.
To the dismay of the French, their ranking will fall: if France is, in 2016, the 10th-largest economy in the world according to Price Waterhouse Coopers, the country will drop to 11th place by 2030, and then further to 12th.
This does not mean that France (or other countries in the world) will not experience growth: PwC estimates that GDP, in terms of purchasing power parity, will reach 3.377 billion dollars in 2030 and then 4.705 billion dollars in 2050, nearly double that of today.
However, the growth of developing countries will be more significant, and Mexico and Turkey, respectively 11th and 14th in 2016, will surpass France to become the 7th and 11th largest economies in the world by 2050.
