Top 10 economies in terms of GDP by 2038

China will become an economic leader by 2030. This was expected to happen sooner, but Trade Wars and tough anti-COVID measures in China have slowed down this process

In 2023, the size of China's economy was $17.7 trillion, and in 2024 it is expected to grow to $18.44 trillion

Place in 2023: second

GDP in 2038: $48.8 trillion

At the moment, it is the largest economy, the size of which in 2023 amounted to $27 trillion.

In 2024, the figure may grow to 28 trillion. It is expected that the United States will retain the palm in the next decade. The United States needs to decide the problem with the national debt, which has already exceeded 120% of GDP

Place in 2023: first

GDP in 2038: $47.8 trillion

The country is showing impressive growth rates: GDP has grown from $949 billion in 2006 to $3.65 trillion in 2023, that is, almost 4 times.

It is expected that in the next 15 years, the figure will grow another 3.5 times, and India will become the third economy in the world by 2033. Demography, among other things, plays in favor of the country: the population and low average age are 20 years lower, for example, than in Japan, which is now on the fourth line

Place in 2023: fifth

GDP in 2038: $12.88 trillion

The economy is struggling amid rising inflation and debt problems, which is 214% of GDP. The country's central bank keeps the key rate near zero, while other countries have a tight monetary policy. This means that inflation may accelerate and the yen weaken.

In 2023, Japan ceased to be the third largest economy in the world, losing to Germany, which is also not doing well

Place in 2023: fourth

GDP in 2038: $8.9 trillion

The German economy has suffered greatly, losing access to cheap energy resources. Industrial production accounts for a fifth of the country's GDP.

In 2023, the German economy was balancing on the brink of recession and as a result decreased by 0.3%. Its GDP amounted to $4.4 trillion, and in 2024 it is expected to grow to $4.6 trillion

Place in 2023: third

GDP in 2038: $7.4 trillion

The country's economy is focused on services, including in the field of finance and insurance. In 2023, it showed relative weakness: GDP grew by only 0.4% and amounted to $3.33 trillion.

The economy is expected to continue to stagnate in 2024 and GDP is expected to remain at the same level

Place in 2023: sixth

GDP in 2038: $5.77 trillion

The country's economic growth in 2023 slowed to 0.7% after growing by 2.5% a year earlier. In 2023 and 2024, GDP will be kept at $3 trillion.

The government has taken a number of measures to mitigate the impact of rising energy prices on the economy. As a result, inflation remained at 5.66%. Another reform to stimulate the economy is to raise the retirement age from 62 to 64, but this sparked mass protests

Place in 2023: seventh

GDP in 2038: $4.8 trillion

This is a developing economy focused on the export of resources, and the rise in the price of raw materials in general plays into its hands. In 2023, its size amounted to $2.12 trillion, in 2024 it is expected to be $2.25 trillion.

After the economic downturn of the mid-2010s, the government managed to reduce the unemployment rate to 8.3%, the lowest level since 2014. And inflation in 2023 was 4.62%, which is below the global average

Place in 2023: ninth

GDP in 2038: $4.13 trillion

The country was actively developing in the second half of the 20th century, thanks to which it is ranked among the economic "Asian tigers" along with Singapore, Taiwan and Hong Kong.

In 2023, its GDP amounted to $1.7 trillion, and in 2024 it is expected to reach $1.77 trillion. Like most countries, Korea had elevated inflation in 2023 - 3.6% with a target of 2%

Place in 2023: thirteenth

GDP in 2038: $3.68 trillion

This is a developed economy mixed type. In addition to the service sector and technological products, the country actively exports raw materials: oil, gas, minerals, timber and fish. Canada's economy is tied to the American one.

After increasing GDP by 3.4% in 2022, the economy grew by only 1.1% in 2023 to $2.1 trillion. Growth was restrained by a high key rate of 5%. But it made it possible to reduce inflation to 3.6% from 6.8% a year earlier

Place in 2023: tenth

GDP in 2038: $3.68 trillion