The Top 7 Richest Countries In 2050 || 2016

How will the world economy look in 2050 7. Brazil – $2.96 trillion Ever since the period between 1986 and 1994 in which Brazil experienced annual inflation in excess of 500%, the country has rebounded to continue operating as one of the biggest economies in the world. Their growth in prosperity is expected to continue for the foreseeable future, with Brazil rising two spots over France and Italy to become the seventh richest nation on Earth. Unfortunately, per capita income for Brazilians is expected to drop by nine spots from 52nd to 61st in the world. In addition to an increase of the working population of this country, Brazil is making a concerted effort to improve education and reduce crime as part of an effort to lift the prosperity of all Brazilians. 6. United Kingdom – $3.58 trillion By 2015, the United Kingdom is projected to narrow the difference by half between itself and the German economy, the biggest in Europe. Currently, Germany is $346 billion ahead of the British, while in 2050 the gap between the two will be $138 billion. Both Germany and Britain will drop one place in the standings because of the surging economy of India, which recently broke the trillion dollar mark. The United Kingdom was a leader of the industrial revolution during the 19th century, setting the table for the rise of industrialization throughout the 20th century world. Currently, both American and Japanese companies prefer Britain as their destination for European outlets of their companies. 5. Germany – $3.71 trillion Germany is projected to be the largest economy in Europe in 2050, holding off the United Kingdom to remain as one of the top five richest countries on the planet – although India is expected to overtake the Germans in the meantime. Despite falling from fourth to fifth, German income per capita will rise eight ranks from 18th to 10th in the world, likely due a population reduction of 11 million between 2010 and 2050. Germany will experience the greatest reduction in its working population of all the E.U., suffering a decline of 29%. Despite this reduction, solid funding and a strong economic infrastructure will ensure the country’s economy remains stable. 4. Japan – $6.43 trillion With a rapidly aging population, Japan is looking to overcome the worst demographic problems out of all the richest countries, with an incredible projected decline in working population of 37%. In addition to an aging population, Japan’s fertility rate is the lowest of all the richest countries, with an average of 1.3 children per person, similar to Germany. As a result, Japan will see a reduction in population of 25 million, more than twice Germany’s reduction. Nonetheless, as Japan figures out how to deal with a shrinking workforce paying for the social services of an aging society, they will still be the fourth richest on Earth. 3 China – $16.27 trillion The country is expected to have absorbed Hong Kong and Macao into their economic systems by 2049, providing enough of a boost to take the top spot. China’s population growth is being slowed by the one-child policy, however, causing a reduction in the country’s working population by 2050. Their population will still be the second biggest on Earth in 2050, and citizens will benefit from China’s continued push to fully modernize its economy. China will catch up with the development of the most advanced nations, spurring the same type of growth that resulted in China’s boom in recent decades. 2 India – $18.17 trillion India is an example of the economic benefits of a growing population, ranking in the top five in terms of countries that will experience a surge in working population. As of 2050, India projects to be the second richest country on Earth and the most populous, overtaking China to become the first country with a billion and a half residents. By copying foreign economic policies and taking advantage of modern technology, India expects to be one of the engines of worldwide economic growth. The country falls under the category of a fast-growth economy, predicted to enjoy an average annual growth of 5% or greater, partly due to low levels of current development. 1 United States – $20.27 trillion All economic infrastructure indicators are strong for the United States, such as a strong democracy, rule of law and population demographics that includes an above average fertility rate. Among the developed world, the Unites States will experience some of the most sluggish growth in terms of income per capita over the upcoming decades, with only Luxembourg and Norway undergoing slower increases. Currently, the Unites States is twice as rich as the next biggest economy, Japan, and will likely be considered leaders of economic activity and policy past the halfway mark of this century.