PwC: Indonesia Poised to Become a Global Economic Giant by 2050

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02/03/2017 17:20 WIB

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By 2050, Indonesia's economy is predicted to be among the world's four largest.

Top 10 Countries with the Largest GDP in the World in 2050 According to PwC

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PwC: Indonesia Poised to Become a Global Economic Giant by 2050

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Top 10 Countries with the Largest GDP in the World in 2050 According to PwC

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By 2050, Indonesia's economy is projected to be the fourth largest in the world. According to projections from Pricewaterhouse Coopers (PwC), Indonesia will rank fifth in 2030 with an estimated Gross Domestic Product (GDP) of approximately US$5.42 trillion, rising to fourth place by 2050, with an estimated GDP of US$10.5 trillion or approximately Rp 140 quadrillion.

China will remain in first place, both in its current economic standing and in projections for 2030 and 2050. In 33 years, China's estimated GDP is projected to reach US$58.5 quadrillion or approximately Rp 789 quadrillion. Meanwhile, the United States will fall to third place. Furthermore, the rankings of European countries are also expected to decline.

In research titled "The Long View: How will the global economic order change by 2050?", PwC projects long-term global growth for the 32 largest economies in the world, representing 85 percent of global GDP. These projections are based on a purchasing power parity approach, demographic variables, education levels, and capital investment inflows into each country.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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PwC: Indonesia Poised to Become a Global Economic Giant by 2050

PwC: Indonesia Poised to Become a Global Economic Giant by 2050

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PwC: Indonesia Poised to Become a Global Economic Giant by 2050

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