The world's richest nations in 2030: where does the UK rank?
The US Department of Agriculture has made forecasts for the futures of the world's major economies.
Fast forward to 2030: will the world's current economic superpowers be the same as they are today? And will the UK be among them?
Here are the US Department of Agriculture's forecasts.
30. Argentina
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Starting off the list, Argentina is set to come in as the world’s thirtieth biggest economy by 2030 after seeing a 1.9% jump from its 2016 worth. This will bring the country’s GDP up from £359 billion to £420 billion.
29. Belgium
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After the projected 1.5% growth of Belgium’s economy, its value will move from its 2016 figure of £353 billion to £444 billion in 2030.
28. South Africa
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South Africa will have the twenty-eighth largest economy in the world after seeing an 1.6% increase in GDP between 2016 and 2030, bringing its value up to £445 billion from its current £292 billion.
27. Taiwan
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Taiwan’s 2016 GDP of £349 billion will see a surge up to £465 billion thanks to a projected 1.6% increase.
26. Colombia
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According to the forecasted 4% increase in Colombia’s economic worth, the country’s GDP is set to hit a value of £470 billion by 2030, nearly doubling its 2016 worth of £259 billion.
25. Sweden
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After an increase of 1.7% over the next 15 years, Sweden’s economy will be worth £483 billion as of 2030, up from its 2016 value of £376 billion.
24. Belgium-Luxembourg
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Belgium-Luxembourg are positioned to see a 1.5% rise in the valuation of their economies with their GDP hiking up from its 2016 value of £395 billion to £498 billion by 2030.
23. Switzerland
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Switzerland’s economy will be worth £540 billion in 2030 after seeing a 1.5% hike from its 2016 value of £435 billion.
22. Poland
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Following the 2.5% increase it’s meant to experience, Poland’s economical worth will jump from £396 billion to £582 billion by 2030.
21. Iran
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Iran’s economy is set to grow exponentially following a 5% increase between 2016 and 2030 bringing its GDP up from £296 billion to £589 billion.
20. Nigeria
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After a 3.6% increase, Nigeria’s economy will jump from £338 billion in 2016 to £630 billion in worth by 2030.
19. The Netherlands
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The Netherlands will boast an economy worth £749 billion by 2030 thanks to a 1.5% increase from its 2016 value of £597 billion.
18. Saudi Arabia
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Following a projected 3.3% increase to Saudi Arabia’s GDP, its economic value is set to jump from £474 billion in 2016 to £829 billion in 2030.
17. Turkey
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With an estimated economic worth of £1,093 by 2030, Turkey is set to experience a 4% boom in its economy’s value from its 2016 worth of £635 billion.
16. South Korea
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South Korea’s 2016 GDP of £902 billion is set to see a projected 2.1% increase, bringing its value up to £1,311 billion by 2030.
15. Spain
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Spain is set to have the fifteenth biggest economy in the world by 2030 after a 1.7% jump from £1,016 billion in 2016 to £1,320 billion.
14. Australia
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Australia will boast an economy worth £1,336 billion as of 2030 following a 2.5% growth from its 2016 GDP of £920 billion.
13. Mexico
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With a value of £1,353 billion, Mexico’s economy will have seen a 3.3% increase by 2030 from its 2016 figure of £855 billion.
12. Indonesia
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Coming in ahead of countries such as Spain and Saudi Arabia, Indonesia’s GDP is set to see a 4.4% increase from £712 billion in 2016 to £1,426 billion in 2030.
11. Russia
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Russia’s GDP is set to jump from £1,095 billion in 2016 to £1,524 billion in 2030 after a projected 2.3% increase.
10. Italy
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Kicking off the top ten biggest economies in the world in 2030, Italy’s GDP will be £1,614 billion by then following a 0.8% increase from its value of £1,423 billion in 2016.
9. Canada
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Canada is projected to have the ninth biggest economy in the world by 2030 thanks to a 2.1% leap in its GDP. Increasing from a 2016 value of £1,256 billion, its economy will be worth £1,707 billion.
8. Brazil
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A 2.5% growth in Brazil’s economic value will bring the country’s GDP up to £2,172 billion from its 2016 figure of £1,590 billion.
7. France
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Taking a leap from its 2016 value of £1,929 billion, France is set to have an economy worth £2,388 billion by 2030 after a 1.5% increase over the years.
6. United Kingdom
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After a 2.5% boom, the sixth biggest economy in the world in 2030 will belong to the UK. This means its GDP will increase from £1,861 billion to £2,620 billion.
5. Germany
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Germany’s economy will be worth a cool £2,958 billion in 2030 following a projected 0.9% jump from its value of £2,573 billion in 2016.
4. Japan
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Should the projected 0.7% increase in Japan’s economic worth become reality, its 2016 GDP of £3,977 billion will rise to £4,487 billion by 2030.
3. India
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India’s economy is set to soar by a huge 6.9% in the next decade and a half, jumping from a GDP of £1,757 billion in 2016 to £5,004 billion in 2030.
2. China
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Following a 5% increase from its 2016 GDP of £6,390 billion, China is set to boast an economy worth £12,935 billion by 2030.
1. United States of America
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No huge surprise that the United States takes the number one slot with a projected GDP of £16,380 billion in 2030. This is a 2.3% increase from its 2016 value of £11,775 billion.
[Related story: Where does the UK come in the richest nations league table now?]
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