These will be the 21 most powerful economies in 2030

Thomas Colson
Monday 23 October 2017 12:38 BST
A woman uses her mobile phone before a share prices board in Tokyo on May 7, 2014.
A woman uses her mobile phone before a share prices board in Tokyo on May 7, 2014.

Emerging markets will start to dominate rankings of the world's top economies by 2030, according to a report published earlier this year.

The report, published by PricewaterhouseCoopers, finds that emerging markets such as India and Brazil will increasingly challenge the economic dominance of the USA and China, while others slip behind.

The report ranks countries by their projected global gross domestic product by purchasing power parity (PPP). PPP is a model which describes the purchasing power, and therefore value, of a given currency.

See which countries made the list:

All numbers cited in the slides are in US dollars and at constant values (for reference, the US's current PPP is $18.569 trillion)

21. Nigeria — $1.794 trillion

Nobel laureate Malala Yousafzai seen in a group discussion with some of the student of Yerwa Girls school in Maiduguri, Nigeria

20. Pakistan — $1.868 trillion

(AFP/Getty Images

19. Egypt — $2.049 trillion

One historian believes King Solomon's wealth may in fact be in the Egyptian Museum in Cairo

18. Canada — $2.141 trillion

Toronto, Canada.

17. Spain — $2.159 trillion

16. Iran — $2.354 trillion

An woman checks her mobile phone as she walks past graffiti of a tree in central Tehran in this file photo from 31 December 2014

15. Italy — $2.541 trillion

The city centre of Florence is a UNESCO protected site

14. South Korea — $2.651 trillion

South Korea's president-elect Moon Jae-in speaks to supporters at Gwanghwamun Square in Seoul, South Korea

13. Saudi Arabia — $2.755 trillion

Saudi man and a child read a copy of the Koran, Islam's holy book, inside a mosque on the first day of the holy fasting month of Ramadan in the coastal town of Qatif (HUSSAIN RADWAN/AFP/Getty )

12. Turkey — $2.996 trillion

(Getty Images

11. France — $3.377 trillion

The Sacre Coeur

10. United Kingdom — $3.638 trillion

The Palace of Westminster - where Britain's laws are forged

9. Mexico — $3.661 trillion

(Getty Images/iStockphoto)

8. Brazil — $4.439 trillion

Far-off destinations like Rio are easier to fly to and get around with the websites below

7. Germany — $4.707 trillion

People attend the Year's Eve party by the Brandenburg Gate in Berlin, Germany, 31 December 2016.

6. Russia — $4.736 trillion

St Basil's Cathedral seen through a gate in Red Square in central Moscow

5. Indonesia — $5.424 trillion

Old Jakarta was a hub of Dutch colonialism

4. Japan — $5.606 trillion


3. India — $19.511 trillion

Bouncer Tarannum (L) a shares a moment with her friend during Eid al-Fitr celebrations at her house in New Delhi, India, June 26, 2017. REUTERS/Adnan Abidi

2. United States — $23.475 trillion


1. China — $38.008 trillion

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Read the original article on Business Insider UK. © 2016. Follow Business Insider UK on Twitter.

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