Business-Economy-Industries-Lists-Macroeconomic Predictions

25 Largest Economies in the World by 2040

Published on February 12, 2024 at 3:22 pm by Ali Hassan in Business, Economy, Industries, Lists, Macroeconomic Predictions

In this article, we will be taking a look at the 25 largest economies in the world by 2040. To skip our detailed analysis, you can go directly to see the 5 Largest Economies in the World by 2040.

Global Economic Outlook

The current scenario of the global economy doesn’t give us a clear picture of the near-term economic situation with certainty. The recent major events that led to global economic uncertainty began with the emergence of the COVID-19 pandemic, which was followed by worldwide lockdowns, supply chain distributions, international trade cut-offs, downsizing, and most importantly, a crisis in the global health sector. As we mentioned earlier, the economy seems to be in the recovery stage with global growth expected to remain steady at 3.1% in 2024 and 3.2% in 2025.

According to research by The Goldman Sachs Group, Inc. (NYSE:GS), the world’s fastest years of economic growth have likely already passed. Population growth is weakening, climate change, and increasing geopolitical risks, among other factors will impact the global economy. However, the emerging economies and major economies in Asia are directed to keep catching up to richer countries. According to the IMF’s GDP forecast for 2030, 16 Asian countries will be among the leading economies. China, India, Indonesia, and Japan will be among the top six economies by 2050 along with the US and Germany. As per The Goldman Sachs Group, Inc.’s (NYSE:GS) 2075 forecast, China will be the leading economy with India in second place, the US in third place, and Indonesia in fourth. Nigeria and Pakistan will climb up the ranks to fifth and sixth place in 2075, respectively.

The global economy is forecasted to grow at an average of 2.8% annually between 2024 and 2029 and to gradually decline thereafter, as per The Goldman Sachs Group, Inc. (NYSE:GS). This shows a slow economic growth compared to an average growth rate of 3.6% for the 10 years before the global financial crisis and 3.2% in the decade before the COVID-19 pandemic. The reason for slow economic growth is due to the ebbing population growth rate. During the past 50 years, the global population has halved. According to UN projections, the world’s population is expected to increase by almost 2 billion in the next 30 years. This would mean that in 2050 the world’s population will reach 9.7 billion from the current population of 8 billion. The global population could peak at a forecasted 10.4 billion in the mid-2080s. Apart from the population, economists expect weakening productivity to be another key reason for slow GDP growth in the future.

Despite the slow economic growth worldwide, emerging economies will keep on growing more swiftly than developed economies. China is most likely to overtake the US by 2035, becoming the world’s largest economy. China, India, and Indonesia have outperformed Goldman Sachs economists’ forecasts from 2011, while Brazil, Russia, and Latin America have underperformed Goldman Sachs’ projections. According to The Goldman Sachs Group, Inc.’s (NYSE:GS) economists:

“We expect that the weight of global GDP will shift (even) more towards Asia over the next 30 years.”

Corporations: A Key Driver of Economic Growth

Corporations are always a key element in driving the growth of an economy. The US is way ahead of most economies as far as the dominance of corporations is concerned around the world. Leading firms including Apple Inc. (NASDAQ:AAPL) and Microsoft Corporation (NASDAQ:MSFT) are key to the US economic progress. Apple Inc. (NASDAQ:AAPL) and Microsoft Corporation (NASDAQ:MSFT) are bigger than most economies, having a market capitalization of $2.92 trillion and $3.12 trillion, as of February 10.

Apple Inc. (NASDAQ:AAPL) is a big player in the tech sector. On February 1, Apple Inc. (NASDAQ:AAPL) reported its earnings for the first quarter of fiscal 2024. The company posted earnings per share of $2.18, beating consensus estimates by $0.08 per share. The revenue came in at $119.58 billion, surpassing estimates by $1.31 billion. Apple Inc. (NASDAQ:AAPL) made the following comments during its Q1 2024 earnings call:

“We achieved revenue records across more than two dozen countries and regions including all-time records in Europe and rest of Asia-Pacific. We also continue to see strong double-digit growth in many emerging markets with all-time records in Malaysia, Mexico, The Philippines, Poland, and Turkey, as well as December quarter records in India, Indonesia, Saudi Arabia, and Chile. In Services, we set an all-time revenue record with paid subscriptions growing double-digits year-over-year.”

Microsoft Corporation (NASDAQ:MSFT) is another leading global tech firm. On January 30, Microsoft Corporation (NASDAQ:MSFT) announced its earnings for the second quarter of fiscal 2024. The company reported earnings per share of $2.93, surpassing estimates by $0.16. Microsoft Corporation’s (NASDAQ:MSFT) revenue was $62.02 billion for Q2 2024, ahead of market consensus by $888.19 million. The company continues to expand its cloud and AI network. Here are some of the comments from the Q2 2024 earnings call:

“It was a record quarter driven by the continued strength of Microsoft Cloud, which surpassed $33 billion in revenue, up 24%. We’ve moved from talking about AI to applying AI at scale by infusing AI across every layer of our tech stack, we are winning new customers and helping drive new benefits and productivity gains. Now I’ll highlight examples of our momentum and progress starting with Azure. Azure again took share this quarter with our AI advantage. Azure offers the top performance for AI training and inference in the most diverse selection of AI accelerators, including the latest from AMD and NVIDIA, as well as our own first-party silicon Azure Maia. And with Azure AI, we provide access to the best selection of foundation and open-source models, including both LLM and SLMs, all integrated deeply with infrastructure, data, and tools on Azure.”

Now, let’s take a look at the largest economies in the world by 2040.

25 Largest Economies in the World by 2040

Our Methodology

We have compiled the largest economies in the world by 2040 based on projections made by The Goldman Sachs Group, Inc. (NYSE:GS). To check the room for subjectivity, we also referred to forecasts made by the IMF and PwC for the biggest economies in the world in 2028 and 2050, respectively. To rank the largest economies in the world by 2040, we used the forecasted real GDP for 2040 from The Goldman Sachs Group, Inc.’s (NYSE:GS) Global Economics Paper The Path to 2075. For the countries with similar forecasted real GDP in 2040, we used Population as a tie-breaker. We collected population data from the United Nations Department of Economic and Social Affairs Population Division.

By the way, Insider Monkey is an investing website that tracks the movements of corporate insiders and hedge funds. By using different consensus approaches, we identify the best stock picks of more than 900 hedge funds investing in US stocks. The top 10 consensus stock picks of hedge funds outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). Whether you are a beginner investor or a professional one looking for the best stocks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.

25 Largest Economies in the World by 2040

25. Malaysia

Real GDP Forecast (2040): $1.2 Trillion

Population Forecast (2040): 39,279,000

Malaysia is one of the fastest growing economies in the world and its population is expected to reach 39,279,000 by 2040. Malaysia’s real GDP is expected to grow to $1.2 trillion by 2040. Malaysia will be the 25th largest economy in the world by 2040.

24. Thailand

Real GDP Forecast (2040): $1.2 Trillion

Population Forecast (2040): 70,916,000

The population of Thailand is expected to reach 70,916,000 by 2040 and the real GDP is expected to grow to $1.2 trillion. Thailand ranks among the largest economies in the world by 2040.

23. Philippines

Real GDP Forecast (2040): $1.4 Trillion

Population Forecast (2040): 145,022,000

The Philippines is expected to have a population of 145,022,000 by 2040. The Philippines is expected to have a real GDP of $1.4 trillion by 2040.

22. Poland

Real GDP Forecast (2040): $1.5 Trillion

Population Forecast (2040): 37,043,000

The population of Poland is expected to reach 37,043,000 by 2040 and the real GDP is expected to grow to $1.5 trillion. Poland ranks among the largest economies in the world by 2040.

21. Nigeria

Real GDP Forecast (2040): $1.6 Trillion

Population Forecast (2040): 320,780,000

Nigeria is one of the richest African countries. The real GDP is expected to grow to $1.6 trillion by 2040. With a projected population of 320,780,000, Nigeria will be one of the largest economies in the world by 2040.

20. Pakistan

Real GDP Forecast (2040): $1.6 Trillion

Population Forecast (2040): 322,596,000

Pakistan is expected to have a similar real GDP of $1.6 trillion as Nigeria. The population of Pakistan is expected to reach 322,596,000 by 2040.

19. Bangladesh

Real GDP Forecast (2040): $1.7 Trillion

Population Forecast (2040): 196,526,000

Bangladesh is one of the fastest growing economies in Asia and its real GDP is expected to reach $1.7 trillion by 2040. With a projected population of 196,526,000, Bangladesh will be one of the largest economies in the world by 2040.

18. Egypt

Real GDP Forecast (2040): $1.9 Trillion

Population Forecast (2040): 143,423,000

The population of Egypt is expected to reach 143,423,000 by 2040 and the real GDP is expected to grow to $1.9 trillion. Egypt ranks among the largest economies in the world by 2040.

17. Türkiye

Real GDP Forecast (2040): $2.2 Trillion

Population Forecast (2040): 93,058,000

Türkiye is one of the leading economies in the world and its real GDP is expected to reach $2.2 trillion by 2040. Türkiye’s population is expected to reach 93,058,000 by 2040.

16. Australia

Real GDP Forecast (2040): $2.3 Trillion

Population Forecast (2040): 30,356,000

Australia’s real GDP is expected to reach $2.3 trillion and the population of the country is expected to be 30,356,000 by 2040. Australia is one of the largest economies in the world.

15. Saudi Arabia

Real GDP Forecast (2040): $2.4 Trillion

Population Forecast (2040): 44,881,000

The population of Saudi Arabia is expected to reach 44,881,000 by 2040 and the real GDP is expected to grow to $2.4 trillion. Saudi Arabia ranks 15th among the largest economies in the world by 2040.

14. South Korea

Real GDP Forecast (2040): $2.6 Trillion

Population Forecast (2040): 49,320,000

South Korea has a population forecast of 49,320,000 for 2040. South Korea’s real GDP is expected to reach $2.6 trillion by 2040.

13. Italy

Real GDP Forecast (2040): $2.7 Trillion

Population Forecast (2040): 55,258,000

Italy is one of the richest countries in Europe and its real GDP is expected to reach $2.7 trillion by 2040. Italy’s population is expected to be 55,258,000 by 2040.

12. Canada

Real GDP Forecast (2040): $2.8 Trillion

Population Forecast (2040): 43,823,000

Canada will be the 12th largest economy by 2040 and it will have an expected real GDP of $2.8 trillion. By 2040, the population of Canada is expected to reach 43,823,000.

11. Mexico

Real GDP Forecast (2040): $3 Trillion

Population Forecast (2040): 141,055,000

Mexico is one of the emerging economies in the world. Mexico’s expected real GDP is $3 trillion and its population is expected to be 141,055,000 by 2040.

10. Brazil

Real GDP Forecast (2040): $3.5 Trillion

Population Forecast (2040): 230,132,000

The population of Brazil is expected to reach 230,132,000 by 2040 and the real GDP is expected to grow to $3.5 trillion. Brazil ranks 10th among the largest economies in the world by 2040.

9. Russia

Real GDP Forecast (2040): $3.7 Trillion

Population Forecast (2040): 137,111,000

Russia has a population forecast of 137,111,000 for 2040. Russia’s real GDP is expected to reach $3.7 trillion by 2040.

8. France

Real GDP Forecast (2040): $3.9 Trillion

Population Forecast (2040): 66,151,000

France is one of the richest European countries. The population of France is expected to reach 66,151,000 by 2040 and the real GDP is expected to grow to $3.9 trillion.

7. Indonesia

Real GDP Forecast (2040): $4 Trillion

Population Forecast (2040): 308,165,000

Indonesia has a population forecast of 308,165,000 for 2040. Indonesia’s real GDP is expected to reach $4 trillion by 2040.

6. United Kingdom

Real GDP Forecast (2040): $4.3 Trillion

Population Forecast (2040): 70,689,000

The United Kingdom is one of the largest economies in the world and it will be the sixth largest economy by 2040. The United Kingdom’s real GDP is expected to reach $4.3 trillion and the population is expected to reach 70,689,000 by 2040.

Click to continue reading and see the 5 Largest Economies in the World by 2040.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

The AI infrastructure supercycle
The onshoring boom driven by Trump-era tariffs
A surge in U.S. LNG exports
And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

Access to our Detailed Report on our AI, Tariffs, and Nuclear Energy Stock with 100+% potential upside within 12 to 24 months
BONUS REPORT on our #1 AI-Robotics Stock with 10000% upside potential: Our in-depth report dives deep into our #1 AI/robotics stock’s groundbreaking technology and massive growth potential.
One New Issue of Our Premium Readership Newsletter: You will also receive one new issue per month and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.
One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149
Bonus Content: Premium access to members-only fund manager video interviews
Ad-Free Browsing: Enjoy a month of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Price Guarantee: Your renewal rate will always remain the same as long as your subscription is active.
30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

Insider Monkey Ads

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up

25 Largest Economies in the World by 2040

Published on February 12, 2024 at 3:22 pm by Ali Hassan in Business, Economy, Industries, Lists, Macroeconomic Predictions

Global Economic Outlook

Corporations: A Key Driver of Economic Growth

25 Largest Economies in the World by 2040

25. Malaysia

24. Thailand

23. Philippines

22. Poland

21. Nigeria

20. Pakistan

19. Bangladesh

18. Egypt

17. Türkiye

16. Australia

15. Saudi Arabia

14. South Korea

13. Italy

12. Canada

11. Mexico

10. Brazil

9. Russia

8. France

7. Indonesia

6. United Kingdom

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Premium

Log In

Sign Up

25 Largest Economies in the World by 2040

Published on February 12, 2024 at 3:22 pm by Ali Hassan in Business, Economy, Industries, Lists, Macroeconomic Predictions

Share

Global Economic Outlook

Corporations: A Key Driver of Economic Growth

25 Largest Economies in the World by 2040

25. Malaysia

24. Thailand

23. Philippines

22. Poland

21. Nigeria

20. Pakistan

19. Bangladesh

18. Egypt

17. Türkiye

16. Australia

15. Saudi Arabia

14. South Korea

13. Italy

12. Canada

11. Mexico

10. Brazil

9. Russia

8. France

7. Indonesia

6. United Kingdom

Share

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff