What will the world economy look like in 2030?
The global economy is expected to exceed $150 trillion by 2030. The majority of global economic growth is expected to come from developing Asia. The United States is expected to remain the world's largest economy, with China in second place and Germany in third place.
What will the world economy look like in 2030?
An infographic presented by Visual Capitalist has published forecasts for the nominal gross domestic product (GDP) of countries for 2030, based on data from the International Monetary Fund's "World Economic Outlook".
According to calculations, the composition of the world's three largest national economies in 2030 will remain unchanged compared to 2026.
The United States is expected to retain its first place in the world with a nominal GDP of $ 37.7 trillion. China's economy will reach $ 26 trillion, remaining in second place. Germany is projected to retain its status as the third largest economy with a GDP of $ 6.2 trillion. However, its indicator will be significantly lower than that of the United States and China.
The combined economies of the United States, China, and Germany are projected to add more than $10 trillion to their GDP between 2026 and 2030, with China accounting for the largest share of this growth.
**Asia and the Middle East to grow**
The combined economic size of Asia and the Middle East is projected to reach $55.7 trillion by 2030, accounting for more than a third of the global economy.
Japan will remain the region’s second-largest economy after China and India. Its nominal GDP is expected to reach nearly $5 trillion in 2030, followed by South Korea and Indonesia.
Japan’s economy has long been experiencing relatively low growth rates. Once the world’s second-largest economy, it lost that position to China in 2010. In 2024, Germany also surpassed Japan in nominal GDP.
Thus, the shift of the center of global economic growth towards Asia is expected to continue in the coming years.
**European economy could reach $37 trillion**
The total GDP of European countries is projected to be about $37 trillion in 2030.
A distinctive feature of the European economy is that economic power in the region is relatively evenly distributed among several large countries. In this respect, Europe differs from North and South America. While the United States accounts for more than half of the North American economy, Brazil occupies a similarly dominant position in South America.