Economy

FULL LIST: Nigeria Ranks 5th in World’s Top 20 Biggest Economies by 2075

Published

9 months ago

2024/07/23

Sub-editor

The global economy is a dynamic and interconnected system influenced by a multitude of factors, including:

Economic policies: Fiscal and monetary policies implemented by governments and central banks.
Geopolitical events: Wars, trade disputes, and political instability can significantly impact economies.
Technological advancements: Innovation drives economic growth and creates new industries.
Global trade: The exchange of goods and services between countries.
Financial markets: Stock markets, bond markets, and currency exchange rates influence economic activity.

The economies of nations across the world are also affected by various challenges and opportunities such as economic inequality, climate change, debt and geopilitical tensions.

A Goldman Sachs Research report indicated China will displace the United States (US) from the rank of world’s biggest economy by around 2035, while India is expected to have the world’s second largest by 2075.

Nigeria in the 2075 prediction ranked 5th across the world, above Germany, United Kingdom, Saudi Arabia, Canada, Japan and Russia.

Below is the top 20 biggest world economies by 2075 as predicted by Goldman Sachs:

Rank	Country	Projected GDP
1.	China	$57 trillion
2.	India	$52.5 trillion
3.	United States	$51.5 trillion
4.	Indonesia	$13.7 trillion
5.	Nigeria	$13.1 trillion
6.	Pakistan	$12.3 trillion
7.	Egypt	$10.4 trillion
8.	Brazil	$8.7 trillion
9.	Germany	$8.1 trillion
10.	Mexico	$7.6 trillion
11.	United Kingdom	$7.6 trillion
12.	Japan	$7.5 trillion
13.	Russia	$6.9 trillion
14.	Philippines	$6.6 trillion
15.	France	$6.5 trillion
16.	Bangladesh	$6.3 trillion
17.	Ethiopia	$6.2 trillion
18.	Saudi Arabia	$6.1 trillion
19.	Canada	$5.2 trillion
20.	Turkey	$5.2 trillion