{"id":145665,"date":"2018-09-05T12:26:51","date_gmt":"2018-09-05T02:26:51","guid":{"rendered":"https:\/\/www.gomarketingteam.com\/auarticles\/emerging-economies-growth-potential\/"},"modified":"2021-04-15T09:02:07","modified_gmt":"2021-04-14T23:02:07","slug":"emerging-economies-growth-potential","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/emerging-economies-growth-potential\/","title":{"rendered":"Emerging Economies – Growth Potential"},"content":{"rendered":"

\"\"<\/h3>\n

 <\/p>\n

GDP Dominance<\/strong><\/h3>\n

The United States dominates the world when it comes to having the largest economy by Gross Domestic Product (GDP), however, there are countries around the world which are showing major signs of economic growth and expected to overtake current world economic leaders, such as the United States and the United Kingdom.<\/p>\n

As mentioned above, the United States has the largest GDP in the world at around $19 trillion, followed by China and Japan at $11 and $4 trillion respectively according to the figures for 2017. However, looking to the future there are some economies that are expected to expand dramatically, and we can take a look at them in this article.<\/p>\n

 <\/p>\n

China<\/strong>\"\"<\/h2>\n
    \n
  • Capital: Beijing<\/li>\n
  • Population: 1.4 billion (18.% of the world total)<\/li>\n
  • Official language: Standard Chinese<\/li>\n
  • Currency: Renminbi (CNY)<\/li>\n<\/ul>\n

    Summary<\/em><\/strong><\/p>\n

    Even though the Chinese economy is already the second largest in the world, it is expected to grow even further over the next decade. China\u2019s GDP has grown from around $4.5 trillion in 2008 to $12.2 trillion last year, a 166% increase over the last 9 years. And according to PricewaterhouseCoopers (PwC), one of world\u2019s biggest professional service companies, China\u2019s GDP is expected to grow to $38 trillion by 2030, making it the largest economy in the world.<\/p>\n

     <\/p>\n

    India<\/strong>\"\"<\/h2>\n
      \n
    • Capital: New Delhi<\/li>\n
    • Population: 1.3 billion (17% of the world total)<\/li>\n
    • Official language: Hindi<\/li>\n
    • Currency: Indian Rupee (INR)<\/li>\n<\/ul>\n

      Summary<\/em><\/strong><\/p>\n

      India\u2019s economy was 6th largest in the world at $2.5 trillion. Since 2008, Asia\u2019s 3rd largest economy has expanded by around 110% from $1.1 to $2.5 trillion. It is expected to grow further to $19.5 trillion, according to PwC overtaking the United Kingdom, Germany, and Japan \u2013 making it the third largest economy in the world by 2030.<\/p>\n

       <\/p>\n

       <\/p>\n

      Indonesia<\/strong>\"\"<\/h2>\n
        \n
      • Capital: Jakarta<\/li>\n
      • Population: 266 million (3.5% of the world total)<\/li>\n
      • Official language: Indonesian<\/li>\n
      • Currency: Indonesian Rupiah (IDR)<\/li>\n<\/ul>\n

        Summary<\/em><\/strong><\/p>\n

        The Indonesian economy is currently 16th largest in the world at just over $1 trillion. It has nearly doubled since 2008. The South East Asian countries economy is projected to expand to around $5.4 trillion making it world\u2019s 5th largest economy by 2030 overtaking United Kingdom and Germany.<\/p>\n

         <\/p>\n

        Brazil\u00a0<\/strong>\"\"<\/h2>\n
          \n
        • Capital: Brasilia<\/li>\n
        • Population: 210 million (2.8% of the world total)<\/li>\n
        • Official language: Portuguese<\/li>\n
        • Currency: Brazilian Real (BRL)<\/li>\n<\/ul>\n

          Summary<\/em><\/strong><\/p>\n

          Brazil is currently the world\u2019s 8th largest economy at $2 trillion GDP in 2017. South America\u2019s largest economy has experienced a steady growth since 2008 when it\u2019s GDP was at $1.6 trillion. Brazil is expected to overtake countries like France and the United Kingdom by 2030 when its economy is projected to expand to around $4.4 trillion.<\/p>\n

           <\/p>\n

           <\/p>\n

          Mexico<\/strong>\"\"<\/h2>\n
            \n
          • Capital: Mexico City<\/li>\n
          • <\/i><\/u><\/span>Population: 130 million (1.7% of the world total)<\/li>\n
          • Official language: Spanish<\/li>\n
          • Currency: Mexican Peso (MXN)<\/li>\n<\/ul>\n

            Summary<\/em><\/strong><\/p>\n

            Mexico\u2019s economy has expanded by around 3% since 2008 and is currently the world\u2019s 15th largest economy.<\/p>\n

            However, its economy is expected to grow drastically over the coming years to around $3.6 trillion according to the projection making it the 9th largest economy in the world by 2030.<\/p>\n

             <\/p>\n

            By Kl\u0101vs Valters\u00a0 (<\/strong>Market Analyst)<\/strong><\/p>\n

            This article is written by a Wixad Analyst and is based on their independent analysis. They remain fully responsible for the views expressed as well as any remaining error or omissions. Trading Forex and Derivatives carries a high level of risk.<\/p>\n

            Sources: PwC, World Bank and Google Maps<\/p>\n

             <\/p>\n

             <\/p>\n","protected":false},"excerpt":{"rendered":"

              GDP Dominance The United States dominates the world when it comes to having the largest economy by Gross Domestic Product (GDP), however, there are countries around the world which are showing major signs of economic growth and expected to overtake current world economic leaders, such as the United States and the United Kingdom. As […]<\/p>\n","protected":false},"author":50,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2871],"tags":[],"class_list":["post-145665","post","type-post","status-publish","format-standard","hentry","category-forex-trading"],"acf":[],"yoast_head":"\nEmerging Economies - Growth Potential - Wixad<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/emerging-economies-growth-potential\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emerging Economies - Growth Potential - Wixad\" \/>\n<meta property=\"og:description\" content=\"  GDP Dominance The United States dominates the world when it comes to having the largest economy by Gross Domestic Product (GDP), however, there are countries around the world which are showing major signs of economic growth and expected to overtake current world economic leaders, such as the United States and the United Kingdom. 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As ","link":"https:\/\/www.gomarkets.com\/en\/articles\/shares-and-indices\/amazon-joins-the-trillion-club\/","type":"next","category":"shares-and-indices"},"previous":{"id":145664,"slug":"art-of-war-and-trading-part-2","title":"Art of War and Trading: Part 2","date":"2018-09-03 11:20:41","excerpt":"  GDP Dominance The United States dominates the world when it comes to having the largest economy by Gross Domestic Product (GDP), however, there are countries around the world which are showing major signs of economic growth and expected to overtake current world economic leaders, such as the United States and the United Kingdom. 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