Friday, February 10, 2017

Nigeria predicted to be among world’s most powerful economies by 2030, amongst 32 other countries

Nigeria has been listed among thirty two countries that will be world’s most powerful economies by the by 2030. 

The release by PricewaterhouseCoopers, one of the world’s largest professional-services firms, in its predictions for the most powerful economies in the world by 2030. The report, titled "The long view: how will the global economic order change by 2050?" ranked 32 countries by their projected global gross domestic product by purchasing power parity. 

PPP is used by macroeconomists to determine the economic productivity and standards of living among countries across a certain time period. While PwC’s findings show some of the same countries right near the top of the list in 13 years, they also have numerous economies slipping or rising massively by 2030. Below are the countries which made the list. 

All numbers cited in the slides are in US dollars and at constant values (for reference, the US’s current PPP is $18.562 trillion): 

32. Netherlands — $1.08 trillion 
31. Colombia — $1.111 trillion 
30. South Africa — $1.148 trillion 
29. Vietnam — $1.303 trillion 
28. Bangladesh — $1.324 trillion 
27. Argentina — $1.342 trillion 
26. Poland — $1.505 trillion 
25. Malaysia — $1.506 trillion 
24. Philippines — $1.615 trillion 
23. Australia — $1.663 trillion 
22. Thailand — $1.732 trillion 
21. Nigeria — $1.794 trillion 
20. Pakistan — $1.868 trillion 
19. Egypt — $2.049 trillion 
18. Canada — $2.141 trillion 
17. Spain — $2.159 trillion 
16. Iran — $2.354 trillion 
15. Italy — $2.541 trillion 
14. South Korea — $2.651 trillion 
13. Saudi Arabia — $2.755 trillion 
12. Turkey — $2.996 trillion 
11. France — $3.377 trillion 
10. United Kingdom — $3.638 trillion 
9. Mexico — $3.661 trillion 
8. Brazil — $4.439 trillion 
7. Germany — $4.707 trillion 
6. Russia — $4.736 trillion 
5. Indonesia — $5.424 trillion 
4. Japan — $5.606 trillion 
3. India — $19.511 trillion 
2. United States — $23.475 trillion 
1. China — $38.008 trillion


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