Lifestyle

The Philippines could be one of the richest countries in the world by 2050

32 countries were mentioned and we're far from last place.
IMAGE freepik.com
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Amidst news of the Philippine peso hitting its lowest slump in a decade, a new report from professional services network PricewaterhouseCoopers has predicted the 32 most powerful economies in the world by 2050, based on projected global GDP and purchasing power.

In 33 years' time, the global economy could "more than double in size, far outstripping population growth due to continued technology-driven productivity improvements," writes Bill Martin, a reporter for Business Insider. 

"Many of the world's current powerhouse economies like Japan and China will have slipped down global rankings, replaced by countries such as India and Indonesia, which are currently emerging markets," adds Martin. 

The full report by PwC looks into "economic productivity" and "standards of living" across a certain period. The Philippines makes the 19th spot, while the United States has been overtaken by China and India. 

All numbers cited below are in US dollars: 

32. Netherlands — $1.496 trillion 

31. Colombia — $2.074 trillion

30. Poland — $2.103 trillion

29. Argentina — $2.365 trillion

28. Australia — $2.564 trillion 

27. South Africa — $2.570 trillion

26. Spain — $2.732 trillion

25. Thailand — $2.782 trillion

24. Malaysia — $2.815 trillion 

23. Bangladesh — $3.064 trillion

22. Canada — $3.1 trillion

21. Italy — $3.115 trillion

20. Vietnam — $3.176 trillion

19. Philippines — $3.334 trillion

18. South Korea — $3.539 trillion

17. Iran — $3.900 trillion

16. Pakistan — $4.236 trillion

15. Egypt — $4.333 trillion

14. Nigeria — $4.348 trillion

13. Saudi Arabia — $4.694 trillion

12. France — $4.705 trillion

11. Turkey — $5.184 trillion

10. United Kingdom — $5.369 trillion

9. Germany — $6.138 trillion

8. Japan — $6.779 trillion

7. Mexico — $6.863 trillion

6. Russia — $7.131 trillion

5. Brazil — $7.540 trillion

4. Indonesia — $10.502 trillion

3. United States — $34.102 trillion

2. India — $44.128 trillion

1. China — $58.499 trillion

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