Trillion dollars economies (2050) based on GDP

[Toramana]

I found the projections below interesting. According to it, (refer to Table GDP Estimates for 2050), the trillion dollars economies in 2050 will be,

1. China 70 trillions
2. United States 38 trillions
3. India 37 trillions
4. Brazil 11 trillions
5. Mexico 9 trillions
6. Russia 8 trillions
7. Indonesia 7 trillions
8. Japan 6 trillions
9. UK 5 trillions
10. Germany 5 trillions
11. Nigerai 4 trllions
12. France 4 trillions
13. Turkey 4 trillions
14. South Korea 4 trillions
15. Canada 3 trillions
16. Vietnam 3 trillions
17. Philipines 3 trillions
18. Italy 2 trillions
19. Iran 2 trillions
20. Egypt 2 trillions
21. Pakistan 2 trillions
22. Bangladesh 1 trillion



Source: http://en.wikipedia.org/wiki/List_of...e_GDP_(nominal)

[Khostai]

I bet Pakistan would have 2 trillion peopel thats why they have 2 trillion economie :P

[Toramana]

I bet Pakistan would have 2 trillion peopel thats why they have 2 trillion economie :P

This was surprising for me as well.

I was skeptical about the figures above but lately I found that economy of Pakistan based on GDP has grown in the fiscal year 2011-2012 by some 37 billion dollars from 174 billion dollars to 211 billion dollars. Consider the figure below.



It has achieved the 200+ billion dollars target in 2012 whereas the prediction was it will reach that target in 2015. It is now considered the second biggest economy in South Asia.

Its current economic growth rate is 3.7%. Its growth rate for 2013-2014 is predicted to be 4.2%. I think it is going to speed up provided it didn't resort to military adventurism and could restrain terrorism.



Source: http://www.tradingeconomics.com/pakistan/gdp

[Toramana]

I bet Pakistan would have 2 trillion peopel thats why they have 2 trillion economie :P

Moreover, the population growth rate has a strong relationship with economy and literacy rate/education. I think the population growth is going to slow down in this decade.

But what I realize is that, population size also has something to do with economic growth. Well-developed population human-resource wise boosts economy.

[Toramana]

Asian countries

1. China 70 trillions
2. United States 38 trillions
3. India 37 trillions
4. Brazil 11 trillions
5. Mexico 9 trillions
6. Russia 8 trillions
7. Indonesia 7 trillions
8. Japan 6 trillions
9. UK 5 trillions
10. Germany 5 trillions
11. Nigerai 4 trllions
12. France 4 trillions
13. Turkey 4 trillions
14. South Korea 4 trillions
15. Canada 3 trillions
16. Vietnam 3 trillions
17. Philipines 3 trillions
18. Italy 2 trillions
19. Iran 2 trillions
20. Egypt 2 trillions
21. Pakistan 2 trillions
22. Bangladesh 1 trillion

[Toramana]

European countries

1. China 70 trillions
2. United States 38 trillions
3. India 37 trillions
4. Brazil 11 trillions
5. Mexico 9 trillions
6. Russia 8 trillions
7. Indonesia 7 trillions
8. Japan 6 trillions
9. UK 5 trillions
10. Germany 5 trillions
11. Nigerai 4 trllions
12. France 4 trillions
13. Turkey 4 trillions
14. South Korea 4 trillions
15. Canada 3 trillions
16. Vietnam 3 trillions
17. Philipines 3 trillions
18. Italy 2 trillions
19. Iran 2 trillions
20. Egypt 2 trillions
21. Pakistan 2 trillions
22. Bangladesh 1 trillion

[Toramana]

North American

1. China 70 trillions
2. United States 38 trillions
3. India 37 trillions
4. Brazil 11 trillions
5. Mexico 9 trillions
6. Russia 8 trillions
7. Indonesia 7 trillions
8. Japan 6 trillions
9. UK 5 trillions
10. Germany 5 trillions
11. Nigerai 4 trllions
12. France 4 trillions
13. Turkey 4 trillions
14. South Korea 4 trillions
15. Canada 3 trillions
16. Vietnam 3 trillions
17. Philipines 3 trillions
18. Italy 2 trillions
19. Iran 2 trillions
20. Egypt 2 trillions
21. Pakistan 2 trillions
22. Bangladesh 1 trillion

[Toramana]

South American

1. China 70 trillions
2. United States 38 trillions
3. India 37 trillions
4. Brazil 11 trillions
5. Mexico 9 trillions
6. Russia 8 trillions
7. Indonesia 7 trillions
8. Japan 6 trillions
9. UK 5 trillions
10. Germany 5 trillions
11. Nigerai 4 trllions
12. France 4 trillions
13. Turkey 4 trillions
14. South Korea 4 trillions
15. Canada 3 trillions
16. Vietnam 3 trillions
17. Philipines 3 trillions
18. Italy 2 trillions
19. Iran 2 trillions
20. Egypt 2 trillions
21. Pakistan 2 trillions
22. Bangladesh 1 trillion

[Toramana]

Euroasian countries

1. China 70 trillions
2. United States 38 trillions
3. India 37 trillions
4. Brazil 11 trillions
5. Mexico 9 trillions
6. Russia 8 trillions
7. Indonesia 7 trillions
8. Japan 6 trillions
9. UK 5 trillions
10. Germany 5 trillions
11. Nigerai 4 trllions
12. France 4 trillions
13. Turkey 4 trillions
14. South Korea 4 trillions
15. Canada 3 trillions
16. Vietnam 3 trillions
17. Philipines 3 trillions
18. Italy 2 trillions
19. Iran 2 trillions
20. Egypt 2 trillions
21. Pakistan 2 trillions
22. Bangladesh 1 trillion

[Toramana]

Muslim countries

1. China 70 trillions
2. United States 38 trillions
3. India 37 trillions
4. Brazil 11 trillions
5. Mexico 9 trillions
6. Russia 8 trillions
7. Indonesia 7 trillions
8. Japan 6 trillions
9. UK 5 trillions
10. Germany 5 trillions
11. Nigerai 4 trllions
12. France 4 trillions
13. Turkey 4 trillions
14. South Korea 4 trillions
15. Canada 3 trillions
16. Vietnam 3 trillions
17. Philipines 3 trillions
18. Italy 2 trillions
19. Iran 2 trillions
20. Egypt 2 trillions
21. Pakistan 2 trillions
22. Bangladesh 1 trillion

[Friend]

I wonder why Malaysia has not been mentioned though Malaysia is the only country which has not been hit by the recent economic crunch.
And Pakistan 2 trillions figure is wrong. It is actually 20 trillion. They forgot to type 0 there.

[faye]

australia misses out too, in the future predictions. i am suprised about malaysia also.

[Toramana]

australia misses out too, in the future predictions. i am suprised about malaysia also.

I think Australian and Malaysian economies will still be pretty good for their population sizes but don't forget large vibrant populations mean faster and more growth rate. Probably, volume of natural resources and economic policies also count.

[Toramana]

I wonder why Malaysia has not been mentioned though Malaysia is the only country which has not been hit by the recent economic crunch.
And Pakistan 2 trillions figure is wrong. It is actually 20 trillion. They forgot to type 0 there.

Look into other projections --- But what sounds to me is, if Pakistan dealt somehow effectively with this menace of Taleban terrorism and could handle energy crisis, it will cross the 1 trillion dollars target much before as predicted i.e. somewhere by 2025.

I predict its economy will be 400 billion to 600 billion dollars between 2017-2021.

Recently, it has relaxed visa regime with India --- a measure aimed at boosting trade and business between the two countries.

[Friend]

Look into other projections --- But what sounds to me is, if Pakistan dealt somehow effectively with this menace of Taleban terrorism and could handle energy crisis, it will cross the 1 trillion dollars target much before as predicted i.e. somewhere by 2025.

I predict its economy will be 400 billion to 600 billion dollars between 2017-2021.

Recently, it has relaxed visa regime with India --- a measure aimed at boosting trade and business between the two countries.

I am not a student of economics though my field is different but if you see the location of Pakistan it can do wonders if it comes out of the international politics and war like situation.
The Gawadar, its border with China and with Afghanistan to central Asian land lock countries. Its hard working man power, coastal, tourism, agriculture, minerals, relations with India and much more.
Pakistan has to potential to make its position in the top economies in the future but that all depends on sincere administration and geo political situation of the region especially relations with its neighbors.