NEW YORK, NETRALNEWS.COM - According to a report published earlier this year, emerging markets are said to be starting to dominate the world's major economic ratings by 2030.
The report published by PricewaterhouseCoopers found that emerging markets like India and Brazil will further challenge the economic dominance of the United States and China, while others are left behind.
The report ranks countries according to their global gross domestic product projection with purchasing power parity. The purchasing power parity is a model that describes the purchasing power and value it creates against a particular currency.
Here are the top 21 countries in the list. You certainly would not believe that there is one country from Southeast Asia that belongs to it—Indonesia!
21. Nigeria - $1.794 trillion
20. Pakistan - $1.868 trillion
19. Egypt - $2.049 trillion
18. Canada - $2.141 trillion
17. Spain - $2.159 trillion
16. Iran - $2.354 trillion
15. Italy - $2.541 trillion
14. South Korea - $2.651 trillion
13. Saudi Arabia - $2.755 trillion
12. Turkey - $2.996 trillion
11. France - $3.377 trillion
10. United Kingdom - $3.638 trillion
9. Mexico - $3.661 trillion
8. Brazil - $4.439 trillion
7. Germany - $4.707 trillion
6. Russia - $4.736 trillion
5. INDONESIA - $5.424 trillion
According to the professional body ICAS last year, Asia will remain the fastest growing region in the world as a whole, in which Indonesia is on track to become the 16th trillion dollar economy in the world, attracting the attention of China and India.
Not surprisingly, the only country in Southeast Asia can project more in 2030.
4. Japan - $5.606 trillion
3. India - $19.511 trillion
2. United States - $23.475 trillion
1. China - $38.008 trillion