Top 10 countries with highest GDP 2050 | Statista (2024)

FAQs

Which country will have the highest GDP in 2050? ›

China is forecasted to be the largest economy in the world by 2050. China's GDP is expected to reach a staggering $42.96 trillion and will command a 19.10% share of the global economy by 2050. China has already surpassed the United States to become the world's largest economy in terms of purchasing power parity (PPP).

China in fact, considered by many to become the biggest economy in the world by 2030, has had a fast growing economy over the last few decades, but its fortunes seem to have turned post Covid-19.

According to the forecast by Fathom Consulting, Asian economies such as China and India are expected to lead the global economy with the highest GDP share. The report forecasts China to have a share of 22.68% and reach $101 trillion by 2100.

By 2075, China will be the world's largest economy in the world due to its manufacturing, exports, and investment in technology and infrastructure. China's GDP is projected to reach $66.16 trillion, accounting for 20.39% of the global economy.

Some analysts even argue that China's economy may never surpass that of the United States. When considering further the vast soft power and geopolitical advantages the United States holds over China, it appears unlikely that China will displace the United States as a leading global power in the foreseeable future.

What country has the fastest growing economy in the world ? According to the IMF, Guyana is the world's fastest-growing economy in terms of real GDP since 2018, boasting an impressive five-year average economic growth rate of 27.14%, including an astounding 62.3% growth in 2023.

The United States is the undisputed heavyweight when it comes to the economies of the world. America's gross domestic product in 2022 was more than 40% greater than that of China, the world No. 2. Even more striking, U.S. GDP was over five times that of the next two largest economies, Japan and Germany.

Which country is the poorest in the world 2024? ›

South Sudan ($492.72)

On number one in the list is South Sudan. The country has been grappling with decades of conflict and is facing a number of economic hurdles, including limited infrastructure and dependence on oil revenues, which are vulnerable to fluctuations in global prices.

The United States of America

The United States upholds its status as the major global economy and richest country, steadfastly preserving its pinnacle position from 1960 to 2023. Its economy boasts remarkable diversity, propelled by important sectors, including services, manufacturing, finance, and technology.

📈 Graph Time | Fastest growing economies in 2024

The country with the highest forecast for gross domestic product (GDP) growth in 2024 is Guyana. The IMF now expects the South American country's economy to expand by 33.9% this year — up from its 26.6% projection six months ago.

Goldman Sachs estimates that Mexico will be the 5th largest economy by 2050. According to Accenture, Mexico will be one of the Big Six in 2025. According to HSBC Mexico will be the 8th largest economy in the world by 2050. Source: INEGI / Bank of Mexico.

What country has the fastest growing economy in the world ? According to the IMF, Guyana is the world's fastest-growing economy in terms of real GDP since 2018, boasting an impressive five-year average economic growth rate of 27.14%, including an astounding 62.3% growth in 2023.

Indonesia was the eighth largest economy in the world in 2016, with a GDP of around USD 3.0 trillion at PPP, and it is expected to be the fourth largest economy by 2050, with a projected GDP of USD 10.5 trillion at PPP.

Russia, with its huge proven oil and natural gas reserves, will continue to remain among the ten largest economies in the world by 2050. A status it still holds currently. In 2050, Russia is projected to be the sixth largest economy in the world with a GDP at PPP of $7.13 trillion.