Currently on a nominal exchange rate basis countries are ranked as follows
1. USA $18 trillion
2. China $11.4 trillion
3. Japan $4.1 trillion
4. Germany $3.3 trillion
5. UK $3.0 trillion
6. France $2.4 trillion
7. India $2.1 trillion
8. Italy $1.8 trillion
9. Brazil $1.8 trillion
10. Canada $1.56 trillion
11. South Korea $1.39 trillion
2031 CEBR Predictions
USA and China will each have about $35 trillion. China is now expected to pass the USA in about 2029.
However, any significant 25% surge in China’s currency could put China into the number one position by about 2022.
India should be in third place by itself with about $10-11 trillion. India will be one third of the US or China economies but double Japan.
Japan, Germany and the UK should have about $5 trillion each.
South Korea, Brazil and France should be in the $3.5 trillion range.
Canada, Indonesia, Mexico, Italy and Russia should be in the $2.4 to 2.7 trillion range.
South Korea and India should move up. European countries other than UK are expected to weaken.
Most forecasters expect Brazil to have a hard time for a number of years because of bad governance.