China, India, and the United States will emerge as the world’s three largest economies in 2050, with a total real U.S. dollar GDP of 70 percent more than the GDP of all the other G20 countries combined. Switzerland will be the ninth most affluent nation in 2050 with a per capita GDP of $90,956. Although the rich countries of today are expected to be among the rich nations of tomorrow, Citi still forecasts substantial convergence in per capita income. The survey says that even in 2050, Singapore is likely to hold its own and continue to remain the most affluent country in the world in terms of GDP per capita by 2050, at $137,710 per person, the Citi report said. Image: Hong Kong Photographs: Reuters Taiwan, which does not feature among the top 10 most affluent nations today, will blaze its way to the 3rd slot by 2050, with a per capita GDP of $114,093, according to the Citi research report. China's GDP per capita reached 70,892 yuan (10,276 U.S. dollars) in 2019, exceeding the 10,000 U.S. dollars benchmark as the country continued to move towards becoming a "moderately prosperous society" in 2020. India’s global GDP ranking at PPPs by 2050 (behind China but ahead of the US) 9%. China's GDP growth slowed from 9.5 per cent in 2011 to 6.6 per cent in 2018. By 2050, says the Citi research report, it will however slip to the 10th spot with a per capita of $90,158. Today, it happens to be the fifth most affluent, with a per capita GDP of $42,470, says the Citi report.

EU27’s share of global GDP at PPPs by 2050 (excluding UK) Key findings. As Goldman’s chart showed, the investment bank expects Mexico and Turkey to outrank China by 2050 in GDP per capita while India will languish behind Vietnam and Indonesia among others. China gdp per capita for 2016 was $8,148, a 1% increase from 2015. However, by 2050, the Citi forecast sees Hong Kong becoming the second most affluent with a per capita GDP of $116,639. Currently, Hong Kong is the fourth most affluent nation in the world in terms of GDP per capita at $45,301. China gdp per capita for 2017 was $8,879, a 8.98% increase from 2016. The more than tenfold growth has been supported by greater buying power as the economy has been … The next pandemic: where is it coming from and how do we stop it? The slowdown can be blamed on a variety of factors, but the first and probably most important is that China is getting older. Last updated: 2 years ago. However, justifying its position as a growing Asian and world economic power, South Korea is expected to become the fourth most affluent country in the world by 2050 with a per capita GDP of $107,752. Austria, with a per capita GDP of $39,073 today, is the world's eighth most affluent nation. The slowdown can be blamed on a variety of factors, but the first and probably most important is that China … Photo: Reuters, Growth trajectories must take into account that China is ageing faster than the US. America, currently the third most affluent nation with per capita GDP of $45,511, will slip two places to become the world's fifth most affluent nation by 2050. The UK is expected to take up the eighth spot with a per capita GDP of $91,130 in 2050, says Citi.

Expert insights, analysis and smart data help you cut through the noise to spot trends, India's per capita income, often used to measure a country's standard of living, increased by 14.5 per cent during 2009-10 to Rs 46,492, Parliament was informed on Tuesday. . Measured at 2010 PPP US dollars per capita, Singapore is the most affluent country today with a per capita GDP of $56,532, according to the Citi study. The experiences of Japan, Taiwan and South Korea bear out the correlation between growth and demographics, and economists optimistic about China’s growth prospects should take note. The figures in brackets are the current per capita GDP in US dollars. Values are given in USDs and have not been adjusted for inflation. Should India's super-rich pay more taxes. This report sets out our latest long-term global growth projections to 2050 for 32 of the largest economies in the world, accounting for around 85% of world GDP. Its per capita GDP is expected to be $100,802 in the next four decades. In other words it is the country's total GDP divided by the population of that country. risks and opportunities. Per capita GDP, which helps indicated a country's standard of living and affluence of its citizens, refers to an approximation of the value of goods and services produced per person in the country. .

China gdp per capita for 2018 was $9,977, a 12.36% increase from 2017. India Business News  |  Indian Stock Market News  |  Bollywood Movies  |  Indian Cricket News  |  India News, BRICS not a competitor to developed nations: China, GDP growth expected to drop to 8.8 % in 2012: CMIE, 6 Indians among 111 charged in major US healthcare fraud. So which will be the top 10 most affluent nations in terms of per capita GDP in 2050?

Download Historical Data Save as Image. South Korea too does not figure among the top 10 most affluent nations currently. "Developing Asia and Africa will be the fastest growing regions, in our view, driven by population and income per capita growth, followed in terms of growth by the Middle East, Latin America, Central and eastern Europe, the CIS, and finally advanced nations of today," the report said.

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