The $150 Trillion Global Economy in 2030

 

The $150 Trillion Global Economy in 2030

The world economy is projected to exceed $150 trillion by 2030 (it is $126.3 trillion today), with significant growth coming from emerging markets in Asia. The visualization shows countries projected nominal gross domestic product (GDP) in 2030, based on forecasts from the International Monetary Fund’s World Economic Outlook.

The three largest national economies in 2030 are projected to be the same as in 2026. The United States leads at $37.7 trillion (now $32.4 trillion), followed by China at $26 trillion (now $208 trillion) and Germany at a distant third with $6.2 trillion (now $5.4 trillion). Combined, these three economies are projected to add more than $10 trillion in economic output between 2026 and 2030, led by China. The race for third place is remarkably close. Germany is projected at $6.178 trillion in 2030, compared with $6.173 trillion for India, a difference of just $5 billion.

By 2030, Asia and the Middle East are projected to generate $55.7 trillion in economic output, accounting for more than a third of the global economy. Japan will be the region’s next-largest economy after China and India, at $5 trillion, followed by South Korea ($2.3 trillion) and Indonesia ($2.1 trillion).

Europe is projected to account for roughly a fifth of the global economy in 2030. Assuming no new additions or withdrawals, European Union member countries will reach a combined nominal GDP of $26.5 trillion, led by Germany, France ($4 trillion), and Italy ($3 trillion).

 

 

 Reference:

Post by Judah Westreich, The $150 trillion global economy in 2030, on LinkedIn