Russia – $1.87 trillion
Despite forecasts stating that Russia’s working population will decline by a whopping 31%, Russia’s economy is predicted to leapfrog over Australia and Argentina by 2050. It’s set to rise two spots to make the top fifteen.
We all have heard the economic break down in Spain that saw the house prices rise to 44% on 2004 and 2008. One third of the housing market was totally wiped out by this housing bubble causing panic.
South Korea – $2.06 trillion
Similar to Spain, South Korea will lose two ranks on the world rich list due to the rapid growth of Turkey and Mexico.
Turkey – $2.15 trillion
Turkey will enjoy the biggest leap of all the countries on this list, rising six spots to become one of the 15 richest nations in 2050.
Italy – $2.19 trillion
Italy is another Eurozone country that will experience difficulty due to changing demographics, with a reduction in their working population predicted to reach 23%.
Canada – $2.29 trillion
Canada is the only country on this list projected to stay put, currently ranked as the tenth richest country in the world and projected to remain tenth in 2050. Despite this lack of change, Canadians are expected to rise three spots in per capita income, rising from 15th to 12th in 2050.
This hasn’t saved Canada against the recent dive in oil prices. The loonie has lost ground against the American dollar at a rapid rate because of Canada’s investment in tar sands oil production, which is only profitable when oil prices are high.
France – $2.75 trillion
The stagnant economic growth which has averaged 0.3% per year since 2008 will make France lag behind and see it fall three points down making it on 9th position if in the next few years the income per capita will continue to be stagnant.
Mexico – $2.81 trillion
Currently the 13th richest country in the world, Mexico is poised to make a huge leap into the top ten, projected to rise five spots to become the eighth richest country in 2050, rising above France, Canada, Spain, South Korea and Italy.
Brazil – $2.96 trillion
Ever since the period between 1986 and 1994 in which Brazil experienced annual inflation in excess of 500%, the country has rebounded to continue operating as one of the biggest economies in the world.
Brazil experienced economic meltdown in the years 1986 and 1994. But afterwards it came back strong even though the income per capita has been decreasing. The continued economic growth will see Brazil on 7th position.
United Kingdom – $3.58 trillion
By 2015, the United Kingdom is projected to narrow the difference by half between itself and the German economy, the biggest in Europe.
Germany – $3.71 trillion
Germany is projected to be the largest economy in Europe in 2050, holding off the United Kingdom to remain as one of the top five richest countries on the planet – although India is expected to overtake the Germans in the meantime
Japan – $6.43 trillion
With a rapidly aging population, Japan is looking to overcome the worst demographic problems
India – $8.17 trillion
India is an example of the economic benefits of a growing population, ranking in the top five in
United States – $22.27 trillion
China – $25.33 trillion
It’s no secret that China is a country whose development has never stopped.
GDP PER CAPITA is A METHOD TO MEASURE PEOPLE WEALTH, not COUNTRY. Countries like Kuwait rich because oil is produced divided by its VERY LOW population. That is why others work there to run country's hospital, banks etc. Example GDP (total wealth produced) of Brunei is 15 billion DIVIDED by 3 million (population of Brunei) = 50000 dollars is PER CAPITA of Brunei (Avg citizen wealth). China example GDP (total wealth produced) is 19500 billion divided by 1.3 billion equals 15000 dollar is Per capita (AVG citizen wealth). So China is RICHER than Brunei but AVERAGE man of Brunei richer than average Chinese man. So ignore oil and ore reserves etc as no one can assess it. So, JUST CURRENT PRODUCTION.
GDP PPP is BEST method to measure economy of country for investors, not GDP nominal. It is value of high segment services like software, tourism and FINAL products like cars or diesel produced or manufactured in that country divided by its population. GDP PPP GROWTH RATE is only about future growth and returns. Investors like Hyundai invest in countries outside Korea because only countries with cheap labor, raw materials, ores etc in perfect location with huge market will compete in manufacturing. Many rich countries has no scope for further growth or business.
Per Capita Income PPP GROWTH RATE in 2016. Only few countries selected based on GDP, population and growth rate. Country REAL economic growth is numbered.
X. Iraq 1361 dollars a year. PCI 16500. Low GDP and growth rate only in 2016.
X. Romania 1277 dollars a year. PCI 22300. Very low GDP.
1. China 928 dollars a year. PCI 15000. High GDP, highest GDP growth and tax rate, investment abroad make China No. 1 REVENUE/INCOME making GOVT and fastest growing country.
x. Brazil, Russia and Nigeria negative growth rate.
x. Malaysia 749 dollars a year. PCI 27200. Declining growth rate.
3. Australia 612 dollars a year. PCI 48800.
2. USA 518 dollars a year, PCI 57000. Highest GDP. Growth rate declining. High personal tax. US companies abroad.
4. Thailand 491 dollars a year. PCI 16800. Reasonable GDP.
x. Japan 459 dollar a year. PCI 38900. Declining growth rate. Japanese companies abroad.
7. Indonesia 438 dollars a year. PCI 11700. Good GDP.
x. UK 424 dollars a year. PCI 42500. Declining growth rate. UK companies abroad.
x. Bhutan 421 dollars a year. PCI 8100. Very low GDP.
x. Nepal, Afganistan, South Africa negative growth rate.
6. Phillippines 415 dollars a year. PCI 7700. Low GDP but high growth rate. GDP PCI not include huge population abroad mostly in big hospitality organizations with higher PCI.
x. Sri Lanka 393 dollars a year. PCI 11200. Declining growth rate.
5. India 388 dollars a year. PCI 6700. High GDP and growth rate, low personal income tax. Indian companies abroad. GDP PCI not include huge population abroad including investors, top professionals.
x. Uzbekistan 381 dollars a year. PCI 6500. Very low GDP but high growth rate.
x. Germany 339 dollars a year. PCI 48200. Good GDP. Declining growth rate. German companies abroad.
x. Vietnam 326 dollars a year. PCI 6400. Low GDP, high growth rate.
x. Myanmaar 316 dollars a year. PCI 5900. Low GDP, high growth rate.
x. Turkey 308 dollars per year. PCI 21,100. Declining growth rate.
x. Bangladesh 214 dollars a year. PCI 3900. Low GDP. High stable growth rate.
x. Maldives 264 dollars a year. PCI 15200. Low GDP and growth rate.
x. Pakistan 191 dollars a year. PCI 5100. Reasonable GDP and growth rate. Good population abroad not calculated in GDP per capita.
x. Iran NO DATA
x. Canada 88 dollars a year. PCI 46200. Good GDP. Low growth rate.
Cult Film Collective and the Trylon team-up for a can’t miss for film fans Pedro Almodóvar 35mm Double Feature. [TIX] First Ave is insane this week, including the annual Rebel Rebel: Rock for Pussy David Bowie covers benefit for Feline… Continue Reading →
Quick Q+A: George McConnell + SUPERHERO.
As Captain America says in the under-appreciated Age of Ultron, “We have an enhanced in the field.” Not just the field, Cap. Everywhere you look these days Superheroes are flying or speeding or stretching by—in our films, in our art,… Continue Reading →
Whiz Bang Days Celebration.
Bird Town (as we know it) aka Robbinsdale (as you maybe know it) has a proud history of wrasslin’, so we shouldn’t be so surprised to see the high flyin’ brawlers and knuckle sandwich makers and #1 heel Darin Corbin… Continue Reading →
Sat // The Beer & Bacon Classic.
Previous beer fest experiences (and there have been many) indicate the snacklace is reaching an all-time high in sophistication—but you’ll want to leave it at home for this one. Consider it research for your next creation: the Bacon and Beer… Continue Reading →
Bell Museum Grand Opening.
The Bell Museum celebrates nearly 150 years of existence, 50 years of active learning programs, and 24 feet of woolly mammoth at its grand opening this weekend, which welcomes the public to experience its beautifully grandiose new digs in St…. Continue Reading →
Lumières Françaises + Bastile Day.
Did the MSP Film Society know France would be on the cusp of a World Cup win when they planned their week of independent French film? DID THEY? The smarties actually likely scheduled Lumières Françaises to coincide with Sat’s Bastille… Continue Reading →
Weds // TV Girl + Infinity Crush + Cheap Fantasy.
“Here in New York you don’t need excuses to dress like a girl.” The effortless hipster cool of TV Girl’s sound mixes a sunny produced pop, throwback to ’60s French yé-yé, with more relaxed late night beats and samples, making them… Continue Reading →
Thurs // The Summit Ratskeller’s Grand Reopening.