While there is little doubt that the emerging economies present the best chances for economic growth, not all countries will prosper at the same rate, says the Wealth Report 2012 by Knight Frank & Citi Private Bank
The International Monetary Fund (IMF) predicts emerging economies will expand by 5.4 per cent this year and 5.9 per cent next year.
While this certainly marks a significant downgrade from previous forecasts, it still outpaces the average GDP growth of 1.2 per cent and 1.9 per cent expected this year and next year in advanced economies.
Citi research shows that while China and India are likely to grow rapidly over the next 40 years, there are other key countries with promising chances for growth.
Top Ten (10) nations in terms of GDP (PPP) in 2050
|People sit inside a restaurant at the Emporio mall in New Delhi.|
GDP (PPP): $85.97 trillion
GDP by purchasing power parity (PPP)
|A man takes a photo for his daughter in front of a Christmas tree at a shopping mall in Shenyang.|
GDP (PPP): $80.02 trillion
3. United States
|US President Barack Obama buys a bone for his dog Bo (R) in Alexandria, Virginia.|
GDP (PPP): $39.07 trillion
|Men look at a Lamborghini on display at a shopping mall in Jakarta.|
GDP (PPP): $13.93 trillion
|Shoppers walk in a mall in Refice, northeast Brazil.|
GDP (PPP): $11.58 trillion
|A Nigerian man looks at a vehicle by German carmaker Porsche in Lagos.|
GDP (PPP): $9.51 trillion
|Cars drive past sightseers on a bridge over the Moskva river near a Stalin era skyscraper in central Moscow.|
GDP (PPP): $7.77 trillion
|An aerial view of the Basilica of the Virgin of Guadalupe in Mexico.|
GDP (PPP): $6.57 trillion
|Pedestrians cross a street in front of the Bank of Japan (BOJ) headquarters building in Tokyo.|
GDP (PPP): $6.48 trillion
|A general view of City Star, Egypt's largest mall, in Cairo.|
GDP (PPP): $6.02 trillion
Do you agree with the list? If you notice, these countries are also among the top countries in terms of total population. So the study might have included the factor that more people could contribute more to a country's GDP.
Photos and caption from rediff.com