World's top 20 economic superpowers by 2030

The world economy is projected to grow at an average rate of just over 3 per cent per annum from 2011 to 2050, doubling in size by 2032 and nearly doubling again by 2050, states a PricewaterhouseCoopers report.

According to the report, 'World in 2050 The BRICs and Beyond: Prospects, Challenges and Opportunities', the global financial crisis has accelerated the shift of the economic centre of gravity and China is expected to surpass the US to become the largest economy in the
world by 2050.

Emerging economies tend to grow at 4% per annum or more, while advanced economies grow at around 2% or less – we will continue to live in a two-speed world economy for some decades to come as a catch up process continues, says the report.

Click NEXT to see the top 20 economies by 2030...

China (Rank 1)

Projected GDP at PPP (2030): $30,634 bn

Projected GDP at PPP (2050): $53,856 bn

GDP at PPP (2011): $11,347 bn

(GDP at PPPs is a better indicator of average living standards or volumes of outputs or inputs, because it corrects for price differences across countries at different levels of development. In general, price levels are significantly lower in emerging economies so looking at GDP at PPPs narrows the income gap with the advanced economies
compared to using market exchange rates, states PwC).

...

United States (Rank 2)

Projected GDP at PPP (2030): $23,376 bn

Projected GDP at PPP (2050): $37,998 bn

GDP at PPP (2011): $15,094 bn

...

India (Rank 3)

Projected GDP at PPP (2030): $13,716 bn

Projected GDP at PPP (2050): $ 34,704 bn

GDP at PPP (2011): $4,531 bn

...

Japan (Rank 4)

Projected GDP at PPP (2030): $5,842 bn

Projected GDP at PPP (2050): $8,825 bn

GDP at PPP (2011): $4,381 bn

...

Russia (Rank 5)

Russia could overtake Germany to become the largest European economy before 2020 in PPP terms and by around 2035 at market exchange rates.

Projected GDP at PPP (2030): $5,308 bn

Projected GDP at PPP (2050): $8,013 bn

GDP at PPP (2011): $ 3,031 bn

...

Brazil (Rank 6)

Projected GDP at PPP (2030): $4,685 bn

Projected GDP at PPP (2050): $8,825 bn

GDP at PPP (2011): $2,305 bn

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Germany (Rank 7)

Projected GDP at PPP (2030): $4,118 bn

Projected GDP at PPP (2050): $5,822 bn

GDP at PPP (2011): $3,221 bn

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Mexico (Rank 8)

Projected GDP at PPP (2030): $3,662 bn

Projected GDP at PPP (2050): $7,409 bn

GDP at PPP (2011): $1,761 bn

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United Kingdom (Rank 9)

Projected GDP at PPP (2030): $3,499 bn

Projected GDP at PPP (2050): $5,598 bn

GDP at PPP (2011): $2,287 bn

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France (Rank 10)

Projected GDP at PPP (2030): $3,427 bn

Projected GDP at PPP (2050): $5,714 bn

GDP at PPP (2011): $2,303 bn

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Indonesia (Rank 11)

Projected GDP at PPP (2030): $2,912 bn

Projected GDP at PPP (2050): $6,346 bn

GDP at PPP (2011): $1,131 bn

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Turkey (Rank 12)

Projected GDP at PPP (2030): $2,760 bn

Projected GDP at PPP (2050): $5,032 bn

GDP at PPP (2011): $1,131 bn

...

Italy  (Rank 13)

Projected GDP at PPP (2030): $2,629 bn

Projected GDP at PPP (2050): $3,867 bn

GDP at PPP (2011): $1,979 bn

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South Korea (Rank 14)

Projected GDP at PPP (2030): $2,454 bn

Projected GDP at PPP (2050): $3,545 bn

GDP at PPP (2011): $1,504 bn

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Spain (Rank 15)

Projected GDP at PPP (2030): $2,327 bn

Projected GDP at PPP (2050): $3,612 bn

GDP at PPP (2011): $1,512 bn

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Canada (Rank 16)

Projected GDP at PPP (2030): $2,148 bn

Projected GDP at PPP (2050): $3,549 bn

GDP at PPP (2011): $1,398 bn

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Saudi Arabia

Projected GDP at PPP (2030): $1,582 bn

Projected GDP at PPP (2050): 3,090 bn

GDP at PPP (2011): $ 686 bn

... 

Australia

Projected GDP at PPP (2030): $1,535 bn

GDP at PPP (2011): $1,582

(Australia not listed among top 20 in 2050)

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Poland

Projected GDP at PPP (2030): $1,415 bn

GDP at PPP (2011): $813

(Poland not listed among top 20 in 2050

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Argentina

Projected GDP at PPP (2030): $1,407 bn

Projected GDP at PPP (2050): $2,620 bn

GDP at PPP (2011): $720