WHO WILL BE TOP OF THE ECONOMIC GRAPH IN 2030?
Who will be sitting at the top of the world’s economic league table in 2030? Here are the US Department of Agriculture’s predictions, and there are some surprises in there.
With an estimated economic worth of $1,589 (£1,093bn) by 2030, Turkey is set to experience a 4% boom in its economy’s value from its 2016 worth of $923 (£635bn) billion.
South Africa will have the twenty-eighth largest economy in the world after seeing an 1.6% increase in GDP between 2016 and 2030, bringing its value up to $647 billion (£445bn) from its current $425 billion (£292bn).
Starting off the list, Argentina is set to come in as the world’s thirtieth biggest economy by 2030 after seeing a 1.9% jump from its 2016 worth. This will bring the country’s GDP up from $522 billion (£359bn) to $611 billion (£420bn).
Taiwan’s 2016 GDP of $507 (£349bn) billion will see a surge up to $676 (£465bn) billion thanks to a projected 1.6% increase.
Belgium-Luxembourg are positioned to see a 1.5% rise in the valuation of their economies with their GDP hiking up from its 2016 value of $574 (£395bn) billion to $725 (£498bn) billion by 2030.
Following a projected 3.3% increase to Saudi Arabia’s GDP, its economic value is set to jump from $689 (£474bn) billion in 2016 to $1,205 (£829bn) billion in 2030.
South Korea’s 2016 GDP of $1,310 (£902bn) billion is set to see a projected 2.1% increase, bringing its value up to $1,906 (£1,311bn) billion by 2030.
Australia will boast an economy worth $1,943 (£1,336bn) billion as of 2030 following a 2.5% growth from its 2016 GDP of $1,338 (£920bn) billion.
Coming in ahead of countries such as Spain and Saudi Arabia, Indonesia’s GDP is set to see a 4.4% increase from $1,037 (£712bn) billion in 2016 to $2,077 (£1,426bn) billion in 2030.