{"id":720,"date":"2019-01-10T05:52:35","date_gmt":"2019-01-10T05:52:35","guid":{"rendered":"https:\/\/datodranuar.com\/wp\/?p=720"},"modified":"2019-01-10T06:27:06","modified_gmt":"2019-01-10T06:27:06","slug":"asia-rising-in-gdp","status":"publish","type":"post","link":"https:\/\/datodranuar.com\/wp\/2019\/01\/10\/asia-rising-in-gdp\/","title":{"rendered":"Asia Rising in GDP"},"content":{"rendered":"\n
\"\"
China is projected to have GDP at PPP of US$ 58,299 billion in 2050, first in GDP ranking <\/figcaption><\/figure>\n\n\n\n

PWC, the global auditing company, regularly issued reports under the title, The World in 2050. The latest report, The World in 2020: The long-term view-How will the global economic order change by 2020? was published in February, 2017. The report showed some interesting highlights.<\/p>\n\n\n\n

Among the highlights are:<\/p>\n\n\n\n

  1. Other than the usual countries of China, US and Japan, new countries such as India, Indonesia and Brazil are moving the GDP ladder.<\/li>
  2. Countries such as Pakistan, Vietnam and Bangladesh would move up the GDP ladder.<\/li>
  3. Nigeria would have the largest GDP in the African continent.<\/li>
  4. European countries such as Germany, France, Italy and Britain will move down the GDP ranking in 2050.<\/li><\/ol>\n\n\n\n

    The projected rankings of economies based on GDP at PPP (purchasing power parity) in constant 2016 in US$ billion are shown in the table below.<\/p>\n\n\n\n

    \"\"
    India would have projected GDP at PPP of US$44,128 billion in 2050, 2nd in GDP ranking<\/figcaption><\/figure><\/div>\n\n\n\n

    2016 Rankings in constant 2016 in US$ billion <\/strong><\/p>\n\n\n\n
    \n GDP PPP ranking<\/strong>\n <\/td>\n Country<\/strong>\n <\/td>\n GDP at PPP<\/strong>\n <\/td><\/tr>
    \n 1\n <\/td>\n China\n <\/td>\n 21,269\n <\/td><\/tr>
    \n 2\n <\/td>\n US\n <\/td>\n 18,562\n <\/td><\/tr>
    \n 3\n <\/td>\n India\n <\/td>\n 8,721\n <\/td><\/tr>
    \n 4\n <\/td>\n Japan \n <\/td>\n 4,932\n <\/td><\/tr>
    \n 5\n <\/td>\n Germany \n <\/td>\n 3,979\n <\/td><\/tr>
    \n 6\n <\/td>\n Russia\n <\/td>\n 3,745\n <\/td><\/tr>
    \n 7\n <\/td>\n Brazil\n <\/td>\n 3,135\n <\/td><\/tr>
    \n 8\n <\/td>\n Indonesia\n <\/td>\n 3,028\n <\/td><\/tr>
    \n 9\n <\/td>\n United Kingdom\n <\/td>\n 2,788\n <\/td><\/tr>
    \n 10\n <\/td>\n France \n <\/td>\n 2,737\n <\/td><\/tr>
    \n 11\n <\/td>\n Mexico\n <\/td>\n 2,307\n <\/td><\/tr>
    \n 12\n <\/td>\n Italy \n <\/td>\n 2,221\n <\/td><\/tr>
    \n 13\n <\/td>\n South Korea\n <\/td>\n 1,929\n <\/td><\/tr>
    \n 14\n <\/td>\n Turkey\n <\/td>\n 1,906\n <\/td><\/tr>
    \n 15\n <\/td>\n Saudi Arabia\n <\/td>\n 1,731\n <\/td><\/tr>
    \n 16\n <\/td>\n Spain \n <\/td>\n 1,690\n <\/td><\/tr>
    \n 17\n <\/td>\n Canada \n <\/td>\n 1,674\n <\/td><\/tr>
    \n 18\n <\/td>\n Iran\n <\/td>\n 1,459\n <\/td><\/tr>
    \n 19\n <\/td>\n Australia\n <\/td>\n 1,189\n <\/td><\/tr>
    \n 20\n <\/td>\n Thailand\n <\/td>\n 1,161\n <\/td><\/tr>
    \n 21\n <\/td>\n Egypt\n <\/td>\n 1,105\n <\/td><\/tr>
    \n 22\n <\/td>\n Nigeria\n <\/td>\n 1,089\n <\/td><\/tr>
    \n 23\n <\/td>\n Poland\n <\/td>\n 1,052\n <\/td><\/tr>
    \n 24\n <\/td>\n Pakistan\n <\/td>\n 988\n <\/td><\/tr>
    \n 25\n <\/td>\n Argentina\n <\/td>\n 879\n <\/td><\/tr>
    \n 26\n <\/td>\n Netherlands \n <\/td>\n 866\n <\/td><\/tr>
    \n 27\n <\/td>\n Malaysia \n <\/td>\n 864\n <\/td><\/tr>
    \n 28\n <\/td>\n Philippines\n <\/td>\n 802\n <\/td><\/tr>
    \n 29\n <\/td>\n South Africa\n <\/td>\n 736\n <\/td><\/tr>
    \n 30\n <\/td>\n Colombia\n <\/td>\n 690\n <\/td><\/tr>
    \n 31\n <\/td>\n Bangladesh \n <\/td>\n 628\n <\/td><\/tr>
    \n 32\n <\/td>\n Vietnam\n <\/td>\n 595\n <\/td><\/tr><\/tbody><\/table>\n\n\n\n

    2030 Rankings in constant 2016 in US$ billion <\/strong><\/p>\n\n\n\n
    \n GDP PPP ranking<\/strong>\n <\/td>\n Country<\/strong>\n <\/td>\n Projected GDP at PPP<\/strong>\n <\/td><\/tr>
    \n 1\n <\/td>\n China\n <\/td>\n 38,008\n <\/td><\/tr>
    \n 2\n <\/td>\n US\n <\/td>\n 23,475\n <\/td><\/tr>
    \n 3\n <\/td>\n India\n <\/td>\n 19,511\n <\/td><\/tr>
    \n 4\n <\/td>\n Japan \n <\/td>\n 5,606\n <\/td><\/tr>
    \n 5\n <\/td>\n Indonesia \n <\/td>\n 5,424\n <\/td><\/tr>
    \n 6\n <\/td>\n Russia\n <\/td>\n 4,736\n <\/td><\/tr>
    \n 7\n <\/td>\n Germany\n <\/td>\n 4,707\n <\/td><\/tr>
    \n 8\n <\/td>\n Brazil\n <\/td>\n 4,439\n <\/td><\/tr>
    \n 9\n <\/td>\n Mexico\n <\/td>\n 3,661\n <\/td><\/tr>
    \n 10\n <\/td>\n United Kingdom\n <\/td>\n 3,638\n <\/td><\/tr>
    \n 11\n <\/td>\n France \n <\/td>\n 3,377\n <\/td><\/tr>
    \n 12\n <\/td>\n Turkey \n <\/td>\n 2,996\n <\/td><\/tr>
    \n 13\n <\/td>\n Saudi Arabia\n <\/td>\n 2,755\n <\/td><\/tr>
    \n 14\n <\/td>\n South Korea\n <\/td>\n 2,651\n <\/td><\/tr>
    \n 15\n <\/td>\n Italy \n <\/td>\n 2,541\n <\/td><\/tr>
    \n 16\n <\/td>\n Iran\n <\/td>\n 2,354\n <\/td><\/tr>
    \n 17\n <\/td>\n Spain\n <\/td>\n 2,159\n <\/td><\/tr>
    \n 18\n <\/td>\n Canada\n <\/td>\n 2,141\n <\/td><\/tr>
    \n 19\n <\/td>\n Egypt \n <\/td>\n 2,049\n <\/td><\/tr>
    \n 20\n <\/td>\n Pakistan\n <\/td>\n 1,868\n <\/td><\/tr>
    \n 21\n <\/td>\n Nigeria\n <\/td>\n 1,794\n <\/td><\/tr>
    \n 22\n <\/td>\n Thailand\n <\/td>\n 1,732\n <\/td><\/tr>
    \n 23\n <\/td>\n Australia\n <\/td>\n 1,663\n <\/td><\/tr>
    \n 24\n <\/td>\n Philippines\n <\/td>\n 1,615\n <\/td><\/tr>
    \n 25\n <\/td>\n Malaysia \n <\/td>\n 1,506\n <\/td><\/tr>
    \n 26\n <\/td>\n Poland\n <\/td>\n 1,505\n <\/td><\/tr>
    \n 27\n <\/td>\n Argentina \n <\/td>\n 1,342\n <\/td><\/tr>
    \n 28\n <\/td>\n Bangladesh \n <\/td>\n 1,324\n <\/td><\/tr>
    \n 29\n <\/td>\n Vietnam\n <\/td>\n 1,303\n <\/td><\/tr>
    \n 30\n <\/td>\n South Africa\n <\/td>\n 1,148\n <\/td><\/tr>
    \n 31\n <\/td>\n Colombia \n <\/td>\n 1,111\n <\/td><\/tr>
    \n 32\n <\/td>\n Netherlands\n <\/td>\n 1,080\n <\/td><\/tr><\/tbody><\/table>\n\n\n\n
    \"\"
    Indonesia would become the fourth largest economy in 2050 based on GDP at PPP, behind the US<\/figcaption><\/figure>\n\n\n\n

           2050 Rankings in constant 2016 in US$ billion <\/strong><\/p>\n\n\n\n
    \n GDP PPP ranking<\/strong>\n <\/td>\n Country<\/strong>\n <\/td>\n Projected GDP at PPP<\/strong>\n <\/td><\/tr>
    \n 1\n <\/td>\n China\n <\/td>\n 58,499\n <\/td><\/tr>
    \n 2\n <\/td>\n India\n <\/td>\n 44,128\n <\/td><\/tr>
    \n 3\n <\/td>\n US\n <\/td>\n 34,102\n <\/td><\/tr>
    \n 4\n <\/td>\n Indonesia\n <\/td>\n 10,502\n <\/td><\/tr>
    \n 5\n <\/td>\n Brazil \n <\/td>\n 7,540\n <\/td><\/tr>
    \n 6\n <\/td>\n Russia\n <\/td>\n 7,131\n <\/td><\/tr>
    \n 7\n <\/td>\n Mexico\n <\/td>\n 6,863\n <\/td><\/tr>
    \n 8\n <\/td>\n Japan\n <\/td>\n 6,779\n <\/td><\/tr>
    \n 9\n <\/td>\n Germany\n <\/td>\n 6,138\n <\/td><\/tr>
    \n 10\n <\/td>\n United Kingdom\n <\/td>\n 5,369\n <\/td><\/tr>
    \n 11\n <\/td>\n Turkey\n <\/td>\n 5,184\n <\/td><\/tr>
    \n 12\n <\/td>\n France\n <\/td>\n 4,705\n <\/td><\/tr>
    \n 13\n <\/td>\n Saudi Arabia\n <\/td>\n 4,694\n <\/td><\/tr>
    \n 14\n <\/td>\n Nigeria \n <\/td>\n 4,348\n <\/td><\/tr>
    \n 15\n <\/td>\n Egypt\n <\/td>\n 4,333\n <\/td><\/tr>
    \n 16\n <\/td>\n Pakistan\n <\/td>\n 4,236\n <\/td><\/tr>
    \n 17\n <\/td>\n Iran\n <\/td>\n 3,900\n <\/td><\/tr>
    \n 18\n <\/td>\n South Korea\n <\/td>\n 3,539\n <\/td><\/tr>
    \n 19\n <\/td>\n Philippines\n <\/td>\n 3,334\n <\/td><\/tr>
    \n 20\n <\/td>\n Vietnam\n <\/td>\n 3,176\n <\/td><\/tr>
    \n 21\n <\/td>\n Italy \n <\/td>\n 3,115\n <\/td><\/tr>
    \n 22\n <\/td>\n Canada\n <\/td>\n 3,100\n <\/td><\/tr>
    \n 23\n <\/td>\n Bangladesh\n <\/td>\n 3,064\n <\/td><\/tr>
    \n 24\n <\/td>\n Malaysia \n <\/td>\n 2,815\n <\/td><\/tr>
    \n 25\n <\/td>\n Thailand\n <\/td>\n 2,782\n <\/td><\/tr>
    \n 26\n <\/td>\n Spain\n <\/td>\n 2,732\n <\/td><\/tr>
    \n 27\n <\/td>\n South Africa\n <\/td>\n 2,570\n <\/td><\/tr>
    \n 28\n <\/td>\n Australia \n <\/td>\n 2,564\n <\/td><\/tr>
    \n 29\n <\/td>\n Argentina\n <\/td>\n 2,385\n <\/td><\/tr>
    \n 30\n <\/td>\n Poland\n <\/td>\n 2,103\n <\/td><\/tr>
    \n 31\n <\/td>\n Colombia \n <\/td>\n 2,074\n <\/td><\/tr>
    \n 32\n <\/td>\n Netherlands\n <\/td>\n 1,496\n <\/td><\/tr><\/tbody><\/table>\n\n\n\n

    Changes in Rankings of Asian Countries<\/strong><\/p>\n\n\n\n
    \n Countries <\/strong>\n <\/td>
    Ranking in 2016<\/strong> <\/td>
    Ranking in 2030<\/strong> <\/td>
    Ranking in 2050<\/strong> <\/td><\/tr>
    \n China\n <\/td> 1 <\/td> 1 <\/td> 1 <\/td><\/tr>
    \n India \n <\/td> 3 <\/td> 3 <\/td> 2 <\/td><\/tr>
    \n Indonesia\n <\/td> 8 <\/td> 5 <\/td> 4 <\/td><\/tr>
    \n Japan \n <\/td> 4 <\/td> 4 <\/td> 8 <\/td><\/tr>
    \n Saudi Arabia\n <\/td> 15 <\/td> 13 <\/td> 13 <\/td><\/tr>
    \n Pakistan \n <\/td> 24 <\/td> 20 <\/td> 16 <\/td><\/tr>
    \n Iran\n <\/td> 18 <\/td> 16 <\/td> 17 <\/td><\/tr>
    \n South Korea\n <\/td> 13 <\/td> 14 <\/td> 18 <\/td><\/tr>
    \n Philippines\n <\/td> 28 <\/td> 24 <\/td> 19<\/td><\/tr>
    \n Vietnam\n <\/td> 32<\/td> 29<\/td> 20<\/td><\/tr>
    \n Bangladesh\n <\/td> 31<\/td> 28<\/td> 23<\/td><\/tr>
    \n Malaysia \n <\/td> 27<\/td> 25<\/td> 24<\/td><\/tr>
    \n Thailand\n <\/td> 20<\/td> 22<\/td> 25<\/td><\/tr><\/tbody><\/table>\n\n\n\n

    Note: PPP (purchasing power parity) estimates of GDP adjust the price level difference across countries, providing better measure of the volume of goods and services produced by an economy as compared to GDP at current market exchange rate, which is a measure of value. Essentially GDP PPP controls for different costs of living and price levels, usually relative to US dollar, enabling more accurate estimate of a nation’s level of production. <\/p>\n\n\n\n

    Observation <\/strong><\/p>\n\n\n\n

    In 2050, two Asian countries, China and India, would occupy the top two spots in GDP ranking. In addition, Indonesia would move from 8th spot in 2016 to 4th spot in 2050. Japan, which occupied 4th spot in 2016 would drop to 8th spot in 2050.<\/p>\n\n\n\n

    Our country, Malaysia, would slightly improve its spot from 27th in 2016 to 24th in 2050. The greatest mover would be Vietnam, moving from 32nd spot in 2016 to 20th spot in 2050.<\/p>\n\n\n\n

    Please click below for the full report <\/p>\n\n\n\n

    pwc-the-world-in-2050-full-report-feb-2017<\/a>Download<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

    PWC, the global auditing company, regularly issued reports under the title, The World in 2050. The latest report, The World in 2020: The long-term view-How will the global economic order change by 2020? was published in February, 2017. The report showed some interesting highlights. Among the highlights are: Other than the usual countries of China, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"audio","audio_file":"","duration":"","filesize":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","filesize_raw":"","footnotes":""},"categories":[70],"tags":[],"series":[],"class_list":["post-720","post","type-post","status-publish","format-standard","hentry","category-must-read-reports"],"episode_featured_image":false,"episode_player_image":"https:\/\/datodranuar.com\/wp\/wp-content\/plugins\/seriously-simple-podcasting\/assets\/images\/no-album-art.png","download_link":false,"audio_player":false,"_links":{"self":[{"href":"https:\/\/datodranuar.com\/wp\/wp-json\/wp\/v2\/posts\/720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/datodranuar.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/datodranuar.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/datodranuar.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/datodranuar.com\/wp\/wp-json\/wp\/v2\/comments?post=720"}],"version-history":[{"count":12,"href":"https:\/\/datodranuar.com\/wp\/wp-json\/wp\/v2\/posts\/720\/revisions"}],"predecessor-version":[{"id":738,"href":"https:\/\/datodranuar.com\/wp\/wp-json\/wp\/v2\/posts\/720\/revisions\/738"}],"wp:attachment":[{"href":"https:\/\/datodranuar.com\/wp\/wp-json\/wp\/v2\/media?parent=720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/datodranuar.com\/wp\/wp-json\/wp\/v2\/categories?post=720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/datodranuar.com\/wp\/wp-json\/wp\/v2\/tags?post=720"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/datodranuar.com\/wp\/wp-json\/wp\/v2\/series?post=720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}