Indonesia, Mexico, Nigeria ,Saudi Arabia are sneaking up the world rankings of biggest economies

The Economist World in 2015 has its forecast for economic growth. The work was done before the outlook for oil prices clearly became far lower.

Indonesia, Mexico, Saudi Arabia and Nigeria are quite high in the rankings based on purchasing power parity (PPP).

In 2019, India is projected to be half of the USA economy on a PPP basis. China was half of the USA in PPP in 2005.

In 2021, Indonesia should be about equal to Germany in PPP. China was at that level in 1994.

In the 2030’s, Indonesia, Turkey, Mexico, Nigeria and Saudi Arabia could be in the top 15 countries by GDP.


IMF Nominal Exchange Rate Forecasts to 2019

IMF Purchasing Power Parity Forecasts to 2019

SOURCES – IMF, Wikipedia, Economist

Subscribe on Google News