RANKED: These will be the 32 most powerful economies in the world by 2050

China will lead the world by 2050

source

REUTERS/Stringer

By 2050, the world is likely to have changed drastically from what we know now, and the planet’s economic and financial landscape will be no exception.

A report from professional services giant PwC looks at which economies around the world will be the biggest and most powerful in 33 years time.

The report, titled “The long view: how will the global economic order change by 2050?” ranked 32 countries by their projected global gross domestic product by purchasing power parity.

PPP is used by macroeconomists to determine the economic productivity and standards of living among countries across a certain time period.

With the exception of the USA, many of the world’s current powerhouse economies like Japan and Germany will have slipped down global rankings, replaced by countries such as India and Indonesia, which are currently emerging markets.

Check out the ranking below (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):

32. Netherlands — $1.496 trillion.

source

REUTERS/Michael Kooren

31. Colombia — $2.074 trillion.

source

Flickr/mariusz kluzniak

30. Poland — $2.103 trillion.

source

Business Insider/Charles Clark

29. Argentina — $2.365 trillion.

source

Reuters/Reuters Photographer

28. Australia — $2.564 trillion.

source

REUTERS/Philip Brown

27. South Africa — $2.570 trillion.

source

AP Photo/Eugene Hoshiko)

26. Spain — $2.732 trillion.

source

Reuters/Jon Nazca

25. Thailand — $2.782 trillion.

source

Sorin Colac / Shutterstock.com

24. Malaysia — $2.815 trillion.

source

gracethang2/Shutterstock

23. Bangladesh — $3.064 trillion.

source

Reuters/Eduardo Munoz

22. Canada — $3.1 trillion.

source

Getty

21. Italy — $3.115 trillion.

source

ANSA-PERI/DI MEO/ZENNARO

20. Vietnam — $3.176 trillion.

source

AP

19. Philippines — $3.334 trillion.

source

REUTERS/Romeo Ranoco

18. South Korea — $3.539 trillion.

source

REUTERS/Kim Hong-Ji

17. Iran — $3.900 trillion.

source

REUTERS/Fadi Al-Assaad

16. Pakistan — $4.236 trillion.

source

Flickr/manalkhan

15. Egypt — $4.333 trillion.

source

REUTERS/Mohamed Abd El Ghany

14. Nigeria — $4.348 trillion.

source

Marcos Brindicci/REUTERS

13. Saudi Arabia — $4.694 trillion.

source

Reuters

12. France — $4.705 trillion.

source

Harry Engels/Getty Images

11. Turkey — $5.184 trillion.

source

Osman Orsal/Reuters

10. United Kingdom — $5.369 trillion.

source

Getty

9. Germany — $6.138 trillion.

source

Pixabay

8. Japan — $6.779 trillion.

source

Shige.H / Shutterstock

7. Mexico — $6.863 trillion.

source

Flickr/LWY

6. Russia — $7.131 trillion.

source

Shutterstock

5. Brazil — $7.540 trillion.

source

Getty

4. Indonesia — $10.502 trillion.

source

Tatan Syuflana/AP

3. United States — $34.102 trillion.

source

Ian Walton/Getty Images

2. India — $44.128 trillion.

source

euters/Shailesh Andrade

1. China — $58.499 trillion.

source

REUTERS/Stringer