Proof Point
According to World Bank forecasts, U.S. will still be biggest economy by GDP in 2030, but China will be very close at #2, and other emerging economies will see upward movement
GDP at Official Exchange Rates for Top 20 Countries
2016 and 2030F (US$ billions)
| Note: | Switzerland is forecasted to drop to 27th place while Nigeria ranked 26th in 2016. |
Proof Point Findings
- Highly-Centralized Source of Economic Activities – Top 20 economies in 2016 contributed more than $60 trillion, or 80%, to global economy; GDP in 2030 expected to reach $124 trillion, with top 20 economies contributing $98 trillion, or 79%, of entire global GDP
- Emergence of China and India – China and India, considered emerging economies today, will be among top three economies in 2030
- Shifting Fortune – U.S. and China accounted for 25% and 15%, respectively, of global economy in 2016; by 2030, U.S. contribution is foreseen to decline to 20% while China's will rise to 18%
- Exponential Growth – U.S. expected to remain global economic leader in 2030 even though it will increase its GDP by only 38%; China, India, Brazil, Indonesia, Turkey and Nigeria are all expected to more than double their GDPs
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Accelerator |
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Sector |
Cross-sector
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Date Last Updated |
March 6, 2018
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