1st: China By 2030 China is likely to have cemented its position as the world's largest economy. If the experts at Standard Chartered are on the money, it's set to extend its lead significantly over the USA with a bumper GDP (PPP) of $64.2 trillion (£52.1tn), putting America's economy firmly in the shade.
This chart shows how China will soar past the U.S. to become the world's largest economy by 2030. Meanwhile, the total GDP of the global economy is predicted to double between 2022 and 2035.
China, Vietnam, Uganda, Indonesia, and India are projected to be among the fastest-growing economies to 2030. That is the conclusion of researchers at the Growth Lab at Harvard University who presented new growth projections in the Atlas of Economic Complexity.
China, India, and the United States will emerge as the world's three largest economies in 2050, with a total real U.S. dollar GDP of 70 percent more than the GDP of all the other G20 countries combined. In China and India alone, GDP is predicted to increase by nearly $60 trillion, the current size of the world economy.
Looking ahead, China is expected to pass the U.S. as the world's largest economy in 2030.
China – The world's manufacturing hub, China is expected to be most powerful economy by 2050. A number of leading organizations such as United Nations, World Bank and European Union have also indicated towards China's rising influence in world order.
By 2050, more countries are likely to be defined as superpowers, joining the United States and creating a multipolar world order. Extrapolating current economic, geopolitical, and demographic trends would suggest that China is likely to become a new superpower, although its economy is currently faltering.
"China will be unable to surpass the U.S. economically, even after 2036," JCER said, due to slower productivity gains coupled with labor shortages. The Communist Party of China has set two long-term targets for 2035 and the middle of this century in amendments to the constitution made in October.
China's gross domestic product will surpass that of the U.S. in about 2035, the Goldman group led by Kevin Daly and Tadas Gedminas wrote, while India's GDP will narrowly surpass the U.S.' in about 2075.
The fastest growing economies – 2030 predictions
According to projections, by 2030 the economies of China, Vietnam, Uganda, Indonesia, and India will have registered the fastest growth.
If India can sustain annual GDP growth of 9-10 percent over the next 15 years, by 2025 it will likely overtake Japan and be the world's third-largest economy after China and the United States.
Africa and the Arab World will shape our future, while Europe and Asia will recede in their influence. By the end of the century, the world will be multipolar, with India, Nigeria, China, and the US the dominant powers. This will truly be a new world and one we should be preparing for today.”
Australia can become a renewable superpower provided it doesn't have to waste too much energy moving stuff around. Most of the energy in the world is used to move products and people from one place to another. And that is one of the main reasons that has led to increases in emissions during the era of globalisation.
The overall ranking of Best Countries measure global performance on a variety of metrics. Switzerland is the best country in the world for 2022.
The United Nations says that sometime in 2023, India will officially overtake China as the most populous country in the world. It may actually have happened already: India hasn't had a census since 2011.
Tourist attraction and infrastructure are also assessed. Switzerland, Canada and Japan were recognized as the best in quality of life in 2020. Ten European countries are in the top twenty: Germany, Great Britain, Sweden, the Netherlands, Norway, France, Denmark, Finland, Italy, Austria and Spain.
The seven new countries are as follows: Rojava, Bermuda, West and East Libya, New Caledonia, Donetsk People's Republic/new Russia, Chuck, and Bougainville. Read further to know more about these seven new countries in detail.