In a dramatic shift in economic landscape, Ethiopia and Bangladesh to be among top 10 economies by 2075
In 2075, the global economic landscape will have dramatically shifted, with the United States falling to third place in terms of GDP, according to a new study by the investor website Insider Monkey. Currently holding a 24% share of the global economy, the U.S. will see its share shrink to 11.19%. This decline will accompany a population increase to 389.39 million and a GDP of $36.32 trillion.
China and India will surpass the U.S., taking the first and second spots, respectively.
In 2075, China is projected to be the world's leading economy with a GDP of $66.16 trillion, accounting for 20.39% of the global GDP. This dominance comes despite a projected population decrease to 1.02 billion from its current figures.
India is expected to hold the position of the second-largest economy by 2075, with its GDP soaring to $55.64 trillion, representing 17.21% of the global economy. India's population is anticipated to reach 1.67 billion, ensuring it remains the most populous country in the world.
Meanwhile, Russia will emerge as the fourth largest economy with a GDP of $8.73 trillion, representing 2.69% of the global share, and a population of 120.10 million. Indonesia will complete the top five with a GDP of $8.39 trillion.
Within the Group of Seven (G7), only Germany and Japan, besides the U.S., will remain in the top 10. Germany will rank eighth with a GDP of $6.02 trillion, and Japan will be ninth with $5.79 trillion.
Interestingly, the top 10 will include some unexpected entrants: Bangladesh at tenth place with a GDP of $5.09 trillion, Ethiopia at seventh with $6.15 trillion, and Turkey at sixth with an $8 trillion economy.
Rounding out the top 25 will be:
11. United Kingdom, $5.06 trillion, population: 71.62 million
12. Iran, $4.83 trillion, population: 91.81 million
13. Nigeria, $4.38 trillion, population: 492.95 million
These projections illustrate a significant shift in global economic power, highlighting the rise of emerging markets and the changing dynamics of the world economy.
In half a century, the US economy will fall to third place, as China and India will overtake it, a new study projects. By 2075, the U.S. share of the global GDP will shrink to 11.19 percent from more than 24 percent last year.
The U.S. population by that year will reach 389.39 million, while the GDP is expected to reach $36.32 trillion.
The fourth-largest economy will be Russia, with a population 120.10 million. The GDP will be $8.73 trillion, or $2.69 percent of the global share. Indonesia will make it to the top five with $8.39 trillion.
Among the Group of Seven (G7) countries, besides the United States, only Germany (#8, with $6.02 trillion) and Japan (#9, with $5.79 trillion) will be in the top 10.
The surprising entrants in the top 10 will include Bangladesh) at #10 ($5.09 trillion), Ethiopia at #7 ($6.15 trillion) and Turkey at #6 with an $8 trillion economy.
Additional Top 30 economies:
Here is the list of the remaining 20 of the largest 30 economies in the world by 2075:
- United Kingdom
- GDP: $5.06 trillion
- Population: 71.62 million
- Iran
- GDP: $4.83 trillion
- Population: 91.81 million
- Nigeria
- GDP: $4.38 trillion
- Population: 492.95 million
- Philippines
- GDP: $4.35 trillion
- Population: 177.58 million
- France
- GDP: $4.28 trillion
- Population: 63.49 million
- Malaysia
- GDP: $4.05 trillion
- Population: 41.93 million
- Egypt
- GDP: $3.92 trillion
- Population: 190.92 million
- South Korea
- GDP: $3.76 trillion
- Population: 23.21 million
- Brazil
- GDP: $3.67 trillion
- Population: 213.72 million
- Mexico
- GDP: $3.44 trillion
- Population: 136.25 million
- Canada
- GDP: $3.34 trillion
- Population: 50.41 million
- Vietnam
- GDP: $3.15 trillion
- Population: 101.39 million
- Australia
- GDP: $2.85 trillion
- Population: 35.72 million
- Kazakhstan
- GDP: $2.66 trillion
- Population: 30.49 million
- Pakistan
- GDP: $2.66 trillion
- Population: 453.26 million
- Italy
- GDP: $2.43 trillion
- Population: 42.71 million
- Spain
- GDP: $2.21 trillion
- Population: 36.31 million
- Tanzania
- GDP: $2.17 trillion
- Population: 193.42 million
- Poland
- GDP: $2.14 trillion
- Population: 28.61 million
- Myanmar
- GDP: $2.08 trillion
- Population: 57.63 million
To compile a list of the 30 largest economies in the world by 2075, Insider Monkey consulted “Economics in the Year 2100” by Fathom Consulting. This resource provided data on the estimated percentage share of countries in the global GDP for 2100 and the GDP PPP (Purchasing Power Parity) of the top ten economies. Using these figures, Insider Monkey calculated the total global GDP for 2075, arriving at a projection of approximately $324.34 trillion. They then used these global GDP values, along with population projections for 2075 from the United Nations, to estimate the GDP PPP for other countries.