In this article, we look at the Top 30 Largest Economies in the World by 2075.
Emerging Markets Projected to Lead by 2075
According to research by Goldman Sachs, the global potential growth is expected to slow, largely due to slower labor force growth and projections suggest that global growth will average just under 3% annually and continue on a declining path. The global population growth has halved from 2% per year to less than 1% over the past five decades, and it is expected to fall to nearly zero by 2075. Despite a slowdown in real GDP growth for both developed and emerging economies, emerging markets, particularly in Asia, are projected to continue outpacing developed markets. By 2050, the five largest economies in the world are expected to be China, the United States, India, Indonesia, and Germany. You can also take a look at the Top 20 Largest Economies in the World by 2050.
The US is unlikely to perform exceptionally due to significantly lower potential growth compared to large emerging economies. The potential growth of the US is expected to remain significantly lower than large emerging economies such as China and India. The appreciation of the Dollar elevated the value of the US economy, which has pushed it significantly above its purchasing power parity-based fair value, but the Dollar’s strength is expected to diminish over the next 10 years, suggesting a likely depreciation. Nigeria, Pakistan, and Egypt could also be among the world’s largest economies by 2075 if appropriate policies are implemented. Globalization has significantly reduced income inequality between countries and emerging markets have led to a more equal distribution of global incomes and global income inequality has decreased over the past two decades, however, income inequality within countries has risen, posing a challenge to the future of globalization.
Goldman Sachs’ research also discussed the potential challenges for global economic growth and income convergence. First is the risk that populist nationalism could lead to increased protectionism and a reversal of globalization. Populist nationalists have risen to power in several countries and have affected globalization. However, the risk of a reversal remains evident. Secondly the risk of environmental catastrophe due to climate change. Many countries have successfully decoupled economic growth from carbon emissions, demonstrating that this is achievable on a global scale. However, achieving sustainable growth will require economic sacrifices and a globally coordinated response, both of which present significant political challenges.
For the years 2070-2079, emerging economies are forecasted to grow at 2.3% and will continue to outstrip developed economies due to productivity growth of only 1.1%. Asia will remain the fastest-growing region with 2.0% growth, however, the Chinese economy is projected to observe one of the highest decelerations. Growth in Latin American economies is forecasted at 1.9% and is expected to grow gradually and accelerate over the next 10 years before decelerating once again in the outer decades. Growth in Central and Eastern Europe, the Middle East, and Africa is expected to remain relatively stable at 3.2%, due to an increasing contribution from African economies.
One of the Biggest Companies in Asia
Companies play a significant role as primary economic engines for economies around the world. PDD Holdings Inc. (NASDAQ:PDD) also known as Pinduoduo Inc. is a prominent Chinese company driving economic growth. PDD Holdings Inc. (NASDAQ:PDD) multinational commerce group that owns and operates a portfolio of businesses including Pinduoduo, which is an innovative e-commerce platform that connects consumers directly with small-scale farmers and offers a network of sourcing, logistics, and fulfillment services. The company also focuses on training farmers and modernizing farming practices. PDD Holdings Inc. (NASDAQ:PDD) also operates Temu, an online marketplace that connects consumers with millions of merchandise partners, manufacturers, and brands. Temu operates in several countries including the United States, Australia, New Zealand, the United Kingdom, Europe, South Korea, and South Africa.
On May 22, PDD Holdings Inc. (NASDAQ:PDD) reported that its revenue for the first quarter ended on March 31, 2024, increased 131% to $12.02 billion compared to the previous year, The company’s operating profit also increased by 275% to $3.94 billion, mainly due to an increase in fulfillment and payment processing fees. PDD Holdings Inc. (NASDAQ:PDD) forecasts a robust revenue growth of 71% for Pinduoduo in 2024, and a further 29% in 2025. The company focuses on long-term growth and invested $403.0 million in research and development for the modernization of agriculture and supply chain thereby reducing its costs. The company has $33.31 billion in cash, cash equivalents, and short-term investments.
While projections indicate a slowing global growth trajectory, emerging markets, particularly in Asia, are shifting the balance in global economic power. With that in context, let’s take a look at the top 30 largest economies in the world by 2075.
Pixabay/Public domain
Our Methodology
To make our list of the 30 largest economies in the world by 2075, we consulted ‘Economics in the Year 2100’ by Fathom Consulting, which provides data for the estimated percentage share of countries in the global GDP in 2100 and the GDP PPP of the top ten economies. We utilized the data for the GDP PPP of the top countries and percentage share to determine the total global GDP value in 2075. Our calculation yielded that the global GDP is projected to be approximately $324.34 trillion by 2075. After determining the global GDP in US dollars, we estimated the GDP PPP for the other countries to provide insight into their projected values. We also used the population projections for 2075, by the United Nations. Our list ranks the 30 largest economies in the world by 2075 in ascending order of their GDP forecast in 2075.
By the way, Insider Monkey is an investing website that uses a consensus approach to identify the best stock picks of more than 900 hedge funds investing in US stocks. The website tracks the movement of corporate insiders and hedge funds. Our top 10 consensus stock picks of hedge funds outperformed the S&P 500 stock index by more than 140 percentage points over the last 10 years (see the details here). So, if you are looking for the best stock picks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.
Top 20 Largest Economies in the World by 2050
30. Myanmar
GDP Forecast (2075): $2.08 Trillion
Estimated Share in the Global GDP (2075): 0.64%
Population Forecast (2075): 57.63 Million
Myanmar ranks 30 on our list of the largest economies in the world by 2075. Myanmar’s GDP is forecasted to reach $2.08 trillion and is expected to hold a 0.64% share of the global economy by 2075. The population of Myanmar is expected to reach 57.63 million by 2075.
29. Poland
GDP Forecast (2075): $2.14 Trillion
Estimated Share in the Global GDP (2075): 0.66%
Population Forecast (2075): 28.61 Million
Poland’s economy depends on manufacturing, services, and technology and has a skilled workforce. Poland is expected to hold a 0.66% share of the global economy and its GDP is forecasted to reach $2.14 trillion by 2075. The population of Poland is expected to reach 28.61 million by 2075.
28. Tanzania
GDP Forecast (2075): $2.17 Trillion
Estimated Share in the Global GDP (2075): 0.67%
Population Forecast (2075): 193.42 Million
Tanzania is an East African country and is home to some of the world’s most beautiful national parks. For the year 2075, projections indicate that Tanzania will hold 0.67% of the global GDP and its GDP will reach $2.17 trillion due to its natural resources, such as gold and natural gas. Tanzania’s population is expected to reach 193.42 million by 2075.
27. Spain
GDP Forecast (2075): $2.21 Trillion
Estimated Share in the Global GDP (2075): 0.68%
Population Forecast (2075): 36.31 Million
Spain’s economy depends on tourism, manufacturing, and services. By 2075, Spain is expected to account for 0.68% of the global economy. The GDP of Spain is expected to climb to $2.21 trillion, whereas its population would decrease to 36.31 million.
26. Italy
GDP Forecast (2075): $2.43 Trillion
Estimated Share in the Global GDP (2075): 0.75%
Population Forecast (2075): 42.71 Million
Italy has a strong manufacturing sector, particularly in luxury goods, automobiles, and fashion. Italy’s GDP is forecasted to reach $42.71 trillion and is expected to hold a 0.75% share of the global economy by 2075. The population of Italy is expected to reach 42.71 million by 2075.
25. Pakistan
GDP Forecast (2075): $2.66 Trillion
Estimated Share in the Global GDP (2075): 0.82%
Population Forecast (2075): 453.26 Million
Pakistan’s economy is primarily agricultural, but it is rapidly industrializing. The country faces challenges such as energy shortages and political instability, but it has a large and growing labor force. By 2075, Pakistan is projected to possess 0.82% of the global economy. The GDP of Pakistan is anticipated to escalate to $2.66 trillion, with the population forecasted to reach 453.26 million.
24. Kazakhstan
GDP Forecast (2075): $2.66 Trillion
Estimated Share in the Global GDP (2075): 0.82%
Population Forecast (2075): 30.49 Million
Kazakhstan’s economy is resource-rich, particularly in oil, gas, and minerals. For the year 2075, Kazakhstan is expected to hold 0.82% of the global GDP. The GDP of Kazakhstan will reach $2.66 trillion, while the population is forecasted to reach 30.49 million.
23. Australia
GDP Forecast (2075): $2.85 Trillion
Estimated Share in the Global GDP (2075): 0.88%
Population Forecast (2075): 35.72 Million
Australia’s economy is highly developed and diverse. For the year 2075, projections indicate that Australia will hold 0.88% of the global GDP and the total GDP will reach $2.85 trillion. The population of Australia is forecasted to reach 35.72 million by 2075.
22. Vietnam
GDP Forecast (2075): $3.15 Trillion
Estimated Share in the Global GDP (2075): 0.97%
Population Forecast (2075): 101.39 Million
Vietnam is expected to hold a 0.97% share of the global economy by 2075. Vietnam has one of the fastest-growing economies in Southeast Asia. The GDP of Vietnam is forecasted to reach $3.15 trillion in 2075 whereas its population is expected to reach 101.39 million by 2075.
21. Canada
GDP Forecast (2075): $3.34 Trillion
Estimated Share in the Global GDP (2075): 1.03%
Population Forecast (2075): 50.41 Million
Canada’s economy is diversified in natural resources, manufacturing, and services. By 2075, projections indicate that Canada will hold 1.03% of the global GDP. The GDP of Canada will reach $3.34 trillion, while the population is forecasted to reach 50.41 million.
20. Mexico
GDP Forecast (2075): $3.44 Trillion
Estimated Share in the Global GDP (2075): 1.06%
Population Forecast (2075): 136.25 Million
Mexico has a growing manufacturing sector, particularly in automobiles and electronics. By 2075, Mexico is projected to possess 1.06% of the global economic share. The GDP of Mexico is forecasted to reach $3.44 trillion, and its population is expected to reach 136.25 million.
19. Brazil
GDP Forecast (2075): $3.67 Trillion
Estimated Share in the Global GDP (2075): 1.13%
Population Forecast (2075): 213.72 Million
By the year 2075, Brazil is expected to be the largest economy in South America, with Brazil’s GDP reaching $3.67 trillion, projections indicate that the country will hold 1.13% of the global GDP. The population of Brazil is forecasted to reach 213.72 million.
18. South Korea
GDP Forecast (2075): $3.76 Trillion
Estimated Share in the Global GDP (2075): 1.16%
Population Forecast (2075): 23.21 Million
By 2075, South Korea is projected to possess 1.16% of the global economic share. The GDP of South Korea is anticipated to escalate to $3.76 trillion. The population of South Korea is forecasted to reach 23.21 million.
17. Egypt
GDP Forecast (2075): $3.92 Trillion
Estimated Share in the Global GDP (2075): 1.21%
Population Forecast (2075): 190.92 Million
Egypt’s GDP is forecasted to reach $3.92 trillion and is expected to hold a 1.21% share of the global economy by 2075. Egypt has one of the most diverse economies in Africa. The population of Egypt is expected to reach 19.92 million by 2075.
16. Malaysia
GDP Forecast (2075): $4.05 Trillion
Estimated Share in the Global GDP (2075): 1.25%
Population Forecast (2075): 41.93 Million
Malaysia’s economy is export-oriented with strengths in electronics, palm oil, and natural gas. For the year 2075, projections indicate that Malaysia will hold 1.25% of the global GDP. The GDP of Malaysia will reach $4.05 trillion, whereas the population is forecasted to reach 41.93 million.
15. France
GDP Forecast (2075): $4.28 Trillion
Estimated Share in the Global GDP (2075): 1.32%
Population Forecast (2075): 63.49 Million
By 2075, France is projected to possess 1.32% of the global economic share. The economy of France is diverse and its GDP is anticipated to grow to $4.28 trillion. The population of France is forecasted to decrease to 63.4 million.
14. Philippines
GDP Forecast (2075): $4.35 Trillion
Estimated Share in the Global GDP (2075): 1.34%
Population Forecast (2075): 177.58 Million
The Philippines is expected to hold a 1.34 % share of the global economy by 2075. The Philippines’s GDP is forecasted to reach $4.35 trillion in 2075. The population of the Philippines is expected to reach 177.58 million by 2075.
13. Nigeria
GDP Forecast (2075): $4.38 Trillion
Estimated Share in the Global GDP (2075): 1.35%
Population Forecast (2075): 492.95 Million
Nigeria’s economy is primarily based on oil and gas. For the year 2075, projections indicate that Nigeria will hold 1.35% of the global GDP. The GDP of Nigeria will reach $4.38 trillion, while the population is forecasted to reach 492.95 million.
12. Iran
GDP Forecast (2075): $4.83 Trillion
Estimated Share in the Global GDP (2075): 1.49%
Population Forecast (2075): 91.81 Million
By 2075, Iran is projected to become the largest economy in the Middle East. Iran is expected to possess 1.49% of the global economic share. The GDP of Iran is anticipated to escalate to $4.83 trillion, and the population is forecasted to rise to 91.81 million.
11. United Kingdom
GDP Forecast (2075): $5.06 Trillion
Estimated Share in the Global GDP (2075): 1.56%
Population Forecast (2075): 71.62 Million
The United Kingdom is expected to hold a 1.56% share of the global economy by 2075. The United Kingdom’s GDP is forecasted to reach $5.06 trillion by 2075. The population of the United Kingdom is expected to reach 71.62 million by 2075.
10. Bangladesh
GDP Forecast (2075): $5.09 Trillion
Estimated Share in the Global GDP (2075): 1.57%
Population Forecast (2075): 201.89 Million
Bangladesh’s economy is rapidly growing due to its textile industry. By 2075, Bangladesh’s GDP will reach $5.09 trillion and will hold 1.57% of the global GDP. The population of Bangladesh is forecasted to reach 201.89 million.
9. Japan
GDP Forecast (2075): $5.97 Trillion
Estimated Share in the Global GDP (2075): 1.84%
Population Forecast (2075): 85.75 Million
Japan has a highly advanced and technologically driven economy but faces demographic challenges with an aging population. By 2075, Japan is projected to possess 1.84% of the global economic share. The GDP of Japan is anticipated to escalate to $5.97 trillion, whereas its population is forecasted to decrease to 85.75 million.
8. Germany
GDP Forecast (2075): $6.02 Trillion
Estimated Share in the Global GDP (2075): 1.85%
Population Forecast (2075): 72.88 Million
Germany is Europe’s largest economy and is known for its engineering, manufacturing, and automotive industries. For the year 2075, projections indicate that Germany will hold 1.85% of the global GDP and the GDP will reach $6.02 trillion. The population is Germany is forecasted to reach 72.88 million by 2075.
7. Ethiopia
GDP Forecast (2075): $6.15 Trillion
Estimated Share in the Global GDP (2075): 1.90%
Population Forecast (2075): 284.53 Million
Ethiopia will be one of the largest economies in Africa by 2075. Ethiopia is expected to hold a 1.90% share of the global economy. Ethiopia’s GDP is forecasted to reach $6.15 trillion, whereas its population is expected to reach 284.53 million by 2075.
6. Turkiye
GDP Forecast (2075): $8.00 Trillion
Estimated Share in the Global GDP (2075): 2.47%
Population Forecast (2075): 92.41 Million
Turkiye is strategically located as a major regional hub and its economy depends on manufacturing, textiles, and agriculture. By 2075, Turkiye is projected to possess 2.47% of the global economic share. The GDP of Turkiye is anticipated to escalate to $8.00 trillion, with the population forecasted to reach 92.41 million.