By 2030, Nigeria will have one of 30 most powerful economies in the world. This is according to PricewaterhouseCoopers (PWC).
In a report titled: “The long view: how will the global economic order change by 2050?” 32 countries were ranked by how powerful their economies will be by 2030.
Using their projected global gross domestic product by purchasing power parity, the 32 countries were ranked in this order:
32. Netherlands — $1.08 trillion
31. Colombia — $1.111 trillion
30. South Africa — $1.148 trillion
29. Vietnam — $1.303 trillion
28. Bangladesh — $1.324 trillion
27. Argentina — $1.342 trillion
26. Poland — $1.505 trillion
25. Malaysia — $1.506 trillion
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24. Philippines — $1.615 trillion
23. Australia — $1.663 trillion
22. Thailand — $1.732 trillion
21. Nigeria — $1.794 trillion
20. Pakistan — $1.868 trillion
19. Egypt — $2.049 trillion
18. Canada — $2.141 trillion
17. Spain — $2.159 trillion
16. Iran — $2.354 trillion
15. Italy — $2.541 trillion
14. South Korea — $2.651 trillion
13. Saudi Arabia — $2.755 trillion
12. Turkey — $2.996 trillion
11. France — $3.377 trillion
10. United Kingdom — $3.638 trillion
9. Mexico — $3.661 trillion
8. Brazil — $4.439 trillion
7. Germany — $4.707 trillion
6. Russia — $4.736 trillion
5. Indonesia — $5.424 trillion
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4. Japan — $5.606 trillion
3. India — $19.511 trillion
2. United States — $23.475 trillion
1. China — $38.008 trillion
At No. 21, it is quite interesting to see Nigeria, besting about 10 countries. Given the current recession, it might be a little hard to believe the prediction.
Yet, PWC one of the world’s largest professional-services firms used a trusted method, usually employed by macroeconomists to determine the economic productivity and standards of living among countries across a certain time period.
While PwC’s findings show some of the same countries right near the top of the list in 13 years, they also have numerous economies slipping or rising massively by 2030.
All numbers cited in the slides are in US dollars and at constant values (for reference, the US’s current PPP is $18.562 trillion.
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