World’s biggest economies in 2030
In 15 years time, the US won’t be the world’s largest economy, China’s economy will have doubled, EU countries like France and Italy will be stagnant, and emerging markets will explode, according to new projections from the US Department of Agriculture.
China’s GDP will nearly overtake America’s by 2030, according to the latest data published by the US Department of Agriculture. The US will squeak by as the dominant economy with $24.8 trillion in annual output, but it will see its proportion of the world economy decline to 20 percent by 2030 from its current 23 percent share.
By 2030, India will be the world’s third largest economy, up from its current position at number eight. It will be followed by Japan in fourth place, then Germany, and Brazil at number six.
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