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 |
Disclaimer
The information in this article was curated from online sources. NewsWireNGR or its editorial team cannot independently verify all details.
Follow us on Instagram and Facebook for Live and Entertaining Updates.
Always visit NewsWireNGR for the latest Naija news and updated Naija breaking news.
NewsWireNGRLatest News in Nigeria
Send Us A Press Statement/News Tips on 9ja Happenings: [email protected].
Advertise With Us: [email protected]
