Global power shifts and the world’s top 15 largest economies. Within thirty years, in 2050, China will be the largest, and Indonesia is on its way.
For decades, the United States has been the world leader in terms of the largest economies on Earth. But the global economy is gearing up for a historic shift.
World’s Largest Economies in 2050
In 2022, Goldman Sachs published a comprehensive study on the history and future of the global economy. It depicts a picture from 1980 to 2075, providing surprising insights. Time for a definitive relocation to Bali?
If we look at 1980, the US is number one, and we even see the Netherlands in the top 12 largest economies in the world. Japan was at No. 2 at that time, just as it was twenty years later in 2000. But since then, China’s economic growth has been accelerating, and it will take second place for the first time in 2022.
China and Indonesia are making progress
By 2050, America will be lost for the first time, and China will proudly lead the list of the world’s largest economies. Indeed, a changing of the guard is already predicted between 2030 and 2040. Other notable newcomers are India and Indonesia. In 2075, Nigeria, the country with the fastest growing population, will also be in the top 5. A notable fallout is precisely Russia, which is currently investing heavily in Africa. And Europe is retreating.
This is predictions Goldman Sachs, the second largest investment bank on the planet. In addition to studies, including comments by geopolitical analyst and author Peter Syhan. He predicts that China will collapse in the next ten years.
Best cities for expats
Don’t immediately go to these countries to do business here. The size of the economy does not say anything directly about the prosperity of a country. First check out the best cities for expats on the planet.
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