[GDP] By 2030, economies like China and India will hold dominance over the West
By 2030, economies like China and India will hold dominance over the West – and influence our decisions
Some 70 per cent of the growth over the next 12 years will come from emerging markets.
China passes the US to become the world’s largest economy by 2030, while India overtakes Japan, Germany, the UK and France to become number three. The economies of the emerging world as a whole become bigger than those of the developed world.
![[GDP] [PPP] GDP ranking Norminal & PPP](https://www.wautom.com/wp-content/uploads/2019/03/china-200x120.jpg "[GDP] [PPP] GDP ranking Norminal & PPP")
![[China] China Economy 2035](https://www.wautom.com/wp-content/uploads/2020/11/image-13-200x120.png "[China] China Economy 2035")
![[PPP] [GDP] [SUPERPOWERS] CHINA & USA](https://www.wautom.com/wp-content/uploads/2013/07/chinausa-200x120.jpg "[PPP] [GDP] [SUPERPOWERS] CHINA & USA")
Lots of people are curious about what happens after China’s GDP surpasses America’s and, thanks to the International Monetary Fund, we know the answer. Here’s what the IMF found in 2015 and projected for the next few years (its figures underestimated China’s growth rate): GDP Corrected for Purchasing Power Parity, Billions 2016, China: $20,853 –USA: $18,558 2017, China: $22,451 –USA: $19,284 2018, China: $24,283 – USA: $20,145 2019, China: $26,292 – USA: $21,016 2020, China: $28,449 – USA: $21,873 2021, China: $30,777 – USA: $22,765 Naturally, when people heard that China’s economy had dwarfed America’s they began investigating. The Peterson… Read more »