Top 10 Economies By 2030
2. United States
GDP (PPP) 2012: $15,697 billion
GDP (PPP) 2030: $35,355 billion
Currently U.S. has the second largest economy in terms of GDP and PPP. The mixed economic system of U.S. has been consistent in GDP growth.
U.S. has plenty of natural recourse. These recourses play an important role in the economic growth of U.S. It is the second largest producer of natural gas and the second largest producer of oil.
In terms of per capita GDP, U.S. comes in the sixth position and is also the second largest trading nation in the world. More than 26 percent of the world’s largest companies are headquartered in the U.S.
1. China
GDP (PPP) 2012: $12,556 billion
GDP (PPP) 2030: $44,456 billion
China is second largest economy in the world. But the economic growth rate of China is the fastest in compared with any other nation. It has a growth rate of 10 percent. China is expected to be the economic leader by 2013.
Mao Zedong is considered to be the person who brought revolution in the Chinese economy. The Chinese economy had a hundredfold growth after liberalization began in 1978.
It is the largest exporter in the world and the second largest importer in the world. Low labor cost, high production rate and friendly infrastructure are the main reason of China’s economic growth.
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