![](https://tkcdn.tekedia.com/wp-content/uploads/2021/02/17133729/goldman-sachs-960x450.jpg)
A recent analysis by Goldman Sachs predicts that by 2075, the global economic environment will have undergone substantial changes.
According to the estimate, emerging markets will account for 75% of the world’s GDP, growing at a rate of more than four times to reach $280 trillion.
The paper also projects the nominal GDP rankings of the top 10 economies in 2075, taking into account trade, investment, productivity, and technology. The projection’s primary highlights are as follows:
China will remain the largest economy in the world, with a GDP of $57 trillion, accounting for 29% of global output. China’s growth will be driven by its large population, high savings rate, and technological innovation.
Projecting further to 2075 reveals a drastically different world order, with Nigeria, Pakistan, and Egypt breaking into the top 10. With Nigeria making it to the top 5, A major consideration in these estimates is rapid population growth, which should result in a massive labour force across all three nations.
Meanwhile, European economies will continue to slip further down the rankings. Germany, which was once the world’s third-largest economy, will sit ninth behind Brazil.
It should also be noted that China, India, and the U.S. are expected to have similar GDPs by this time, suggesting somewhat equal economic power. As a result, how these nations choose to engage with one another is likely to shape the global landscape in ways that have far-reaching implications.
The following countries include the underlying numbers for 2075. Figures represent real GDP projections based on 2021 USD.
- China: $57 trillion
- India: $52.5 trillion
- United States: $51.5 trillion
- Indonesia: $13.7 trillion
- Nigeria: $13.1 trillion
- Pakistan: $12.3 trillion
- Egypt: $10.4 trillion
- Brazil: $8.7 trillion
- Germany: $8.1 trillion
- Mexico: $7.6 trillion
- UK: $7.6 trillion
- Japan: $7.5 trillion
- Russia: $6.9 trillion
- Philippines: $6.6 trillion
- France: $6.5 trillion
Vodina Sam
Related posts
Reviews
Follow Our Activities On Facebook
7 hours ago
7 hours ago
9 hours ago
11 hours ago
14 hours ago
SUBSCRIBE
[mc4wp_form id=”2012″]
Top Reads!
#BigBrotherNaija “Level Up” Week 6
Though last Sunday Sunday was meant to be a “no-eviction” day, it came as a shocker when fake housemate, Modella…
Dating in 2022; Situationships Are Not For The Fainthearted
Situationships are defined as that space between a defined relationship and something other than a friendship. It is a romantic…
20 Questions With Dinta Media’s Visual Storyteller, Chimeremogo Nwoke
Dinta Media is not really just a media production brand but we like to see ourselves as a hub for…
How Are Nigeria’s Small Businesses Coping?
The current rising rate of inflation and other burdens against the Nigerian economy speaks to the realities of the times.
Thrifting Is All The Rave Now, Here’s Why
By Amy Adindu The affordable clothing movement has gained global attention and acceptance as we’re all trying to look like…
#BigBrotherNaija “Level Up” Week 2
Week 2 of the highly watched Nigerian TV show kicked off with an early plot twist. On Sunday, Big Brother…
#BlueTunes: Burna Boy, Omah Lay Top Album Picks For July
July was a promising month for music lovers; from Lizzo’s album titled Special and Imagine Dragons’ Mercury, (Acts 1 &…
#BlueTunes Album Picks For June
Gbagada Express – Boj Bolaji Odojukan, popularly known as BOJ, was raised both in England and Nigeria. He shot to…
“A Creative’s Dream” with Jeff Chinonso
On the 26th of June 2022, Jeff Chinonso hosted his first solo art exhibition. The Augmented Reality exhibition themed “A…
Nigerian API-based company Thepeer raises $2.1 million
Tech infrastructure startup Thepeer has raised a $2.1 million seed round according to a report from TechCabal. Thepeer, a Nigerian…
Dika Ofoma, Ugochukwu Onuoha take on grief in Debut Film “The Way Things Happen”
The twenty-minute film focuses on the loss of a loved one, and how grief changes a person.
Nigerian Startups might just be Crippled by a Recently Leaked bill
Over the years there has been talks of amendment on the 2007 Act of the National Information & Technology Agency (NITDA).
Why We Love Kelechi Amadi Obi
The definition of talent is Kelechi Amadi’s iconic story. Imagine a person who studies law in school, gets called to Bar, and leaves it all for something different and unrelated…Painting!