| Date: | Friday, December 31, 2021 |
Economic forecasts indicate that the emerging countries are currently heading in the future to occupy China.
Turkey is one of the richest countries in the world by 2030
Economic forecasts indicate that the currently emerging countries are heading in the future to take the lead. In a report, the Spanish magazine "muynegocios y economia" says that expectations about the shape of the economy and balances in the world by 2030 indicate that countries that are in the process of development and enjoy a high proportion of youth, dynamism, stability and continuity of economic growth will be It is fully qualified to occupy the forefront of some major countries that are mainly developed countries, but they are now suffering from many problems related to population aging and stagnant economic growth.
The magazine adds that these differences in the demographic and economic situation will lead to a change in the ranking of the richest countries in the world, based on the calculations of the gross domestic product compared to the population. Here are the countries that are expected to be the richest in 2030.
Which countries will become the richest in the world by 2030?
1. China: At the forefront of the world's richest countries
Since 2013, China has overtaken the United States to lead the world economy in terms of GDP. Although the International Monetary Fund lowered its forecast for China, due to the ongoing trade war between it and Washington, and the decline in domestic demand due to the Corona pandemic, Beijing expects its growth to stabilize soon, and reach 6% next year. By 2030, China will likely consolidate its position as the world's largest economy.
2. India: Race to the Front
The Indian economy is growing by 7% annually, and expectations indicate a growth of 7.2% in 2022, and most economists believe that India will be one of the fastest growing countries in the world during this decade, and it is characterized by the growth of the workforce, economic reforms and the development of investments, which qualifies it to occupy the position Second in the ranking of economic giants after China.
3. The United States: Expectations to drop to third place
The US economy is the second most important in the world, although it is still the largest in terms of GDP. According to the International Monetary Fund, the US economy will grow by 2.6% this year, but is expected to decline in the coming years, with the end of the fiscal stimulus measures that were approved. Despite the efforts of former US President Donald Trump to maintain the leadership position of the United States, it will end up losing its hegemony by 2030.
4. Indonesia: impressive economic performance
Indonesia is the largest country in Southeast Asia, and is expected to achieve economic growth of 5.2% in 2021, and this percentage will increase in the next five years, with the increase in domestic demand.
Currently, the Indonesian economy is ranked seventh in terms of GDP size, but the 2030 projections indicate that it will advance towards the fourth position, thanks to its young demographics and progressive workforce.
5. Turkey: one of the fastest growing countries
As has been the case for years in the Middle East, the Turkish economy is witnessing impressive activity after a period of stagnation, and today the Turkish gross domestic product exceeds two trillion euros, which puts this country 13th in the world.
It is expected that Turkey will continue to grow, taking advantage of the young demographics and other factors, including the increasing flow of foreign investments, and this will place Turkey in fifth place globally in 2030.
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