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Tuesday 21 November 2017
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3 African countries make list of powerful world economies

‘China to be confirmed as world economy leader’

osinbajo

By Nsikan Ikpe

 

Three African countries, Egypt, Nigeria and South Africa have made the PricewaterhouseCooper’s list of the world’s potentially most powerful economies by 2030.

PricewaterhouseCoopers, one of the world’s largest professional-services firms, just released the list as part of 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 macro-economists 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 is a breakdown of the ranking

  1. Netherlands — $1.08 trillion
  1. Colombia — $1.111 trillion
  1. South Africa — $1.148 trillion
  1. Vietnam — $1.303 trillion
  1. Bangladesh — $1.324 trillion
  1. Argentina — $1.342 trillion
  1. Poland — $1.505 trillion
  1. Malaysia — $1.506 trillion
  1. Philippines — $1.615 trillion
  1. Australia — $1.663 trillion
  1. Thailand — $1.732 trillion
  1. Nigeria — $1.794 trillion
  1. Pakistan — $1.868 trillion
  1. Egypt — $2.049 trillion
  1. Canada — $2.141 trillion
  1. Spain — $2.159 trillion
  1. Iran — $2.354 trillion
  1. Italy — $2.541 trillion
  1. South Korea — $2.651 trillion
  1. Saudi Arabia — $2.755 trillion
  1. Turkey — $2.996 trillion
  1. France — $3.377 trillion
  1. United Kingdom — $3.638 trillion
  1. Mexico — $3.661 trillion
  1. Brazil — $4.439 trillion
  1. Germany — $4.707 trillion
  1. Russia — $4.736 trillion
  1. Indonesia — $5.424 trillion
  1. Japan — $5.606 trillion
  1. India — $19.511 trillion
  1. United States — $23.475 trillion
  1. China — $38.008 trillion

 

Nigeria’s Vice President, Professor Yemi Osinbajo

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