PH economy among the world’s strongest by 2050 —report
The Philippines is among the 32 strongest economy in the world by 2050 as predicted by a report from professional services giant PwC.
The ranking is based on their projected global gross domestic product by purchasing power parity (PPP).
Independent UK reported that the PPP is what macroeconomists use to “determine the economic productivity and standards of living among countries across a certain time period.”
Among those included in the list are ASEAN countries such as Vietnam, Malaysia, and Indonesia. Included also are Asian strongholds South Korea, Japan, India.
Topping the list was China with a projected PPP of $58.499 trillion. The Philippine and China have recently formed an alliance brought about by President Rodrigo Duterte.
The report also predicted the dropping down of giant economies of today such as Japan and Germany and to be replaced by “currently emerging markets.”
Check out the ranking below:
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.
Source: Independent UK
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Independent UK reported that the PPP is what macroeconomists use to “determine the economic productivity and standards of living among countries across a certain time period.”
Among those included in the list are ASEAN countries such as Vietnam, Malaysia, and Indonesia. Included also are Asian strongholds South Korea, Japan, India.
Topping the list was China with a projected PPP of $58.499 trillion. The Philippine and China have recently formed an alliance brought about by President Rodrigo Duterte.
The report also predicted the dropping down of giant economies of today such as Japan and Germany and to be replaced by “currently emerging markets.”
Check out the ranking below:
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.
Source: Independent UK
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PH economy among the world’s strongest by 2050 —report
Reviewed by Kristian S.
on
20 February
Rating:
Reviewed by Kristian S.
on
20 February
Rating:
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