Nigeria and Egypt Projected to be among 10 top economies in the world by 2075

In the upcoming decades, a significant shift in the balance of economic power is predicted, according to a recent Goldman Sachs analysis. Nigeria and Egypt are Projected to be among 10 top economies in the world by 2075

The world’s top 15 economies are shown in the picture above as a bump chart at various points in time, including 1980, 2000, 2022, and the 2050 and 2075 estimates from Goldman Sachs.

Projections and Highlights for 2050

The top economies in the world are anticipated for 2050 in the table below. Based on 2021 USD, each number represents real GDP predictions.

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Rank	Country	Real GDP in 2050 (USD trillions)
1	China	$41.9
2	US	$37.2
3	India	$22.2
4	Indonesia	$6.3
5	Germany	$6.2
6	Japan	$6.0
7	UK	$5.2
8	Brazil	$4.9
9	France	$4.6
10	Russia	$4.5
11	Mexico	$4.2
12	Egypt	$3.5
13	Saudi Arabia	$3.5
14	Canada	$3.4
15	Nigeria	$3.4

A major topic has been the spectacular growth of China and India during the past few decades. For instance, between 2000 and 2022, India overcame the UK and France to rise eight spots to the fifth-largest economy.

By 2050, Asia will contribute considerably more to the global GDP, predicts Goldman Sachs. This is mainly due to Asia performing better than expected, but it’s also because the BRICS nations did poorly.

The Top Economies in the World in 2075

The supporting figures for 2075 are shown in the following table. For the second time, numbers provide real GDP predictions based on 2021 US dollars.

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Rank	Country	Real GDP in 2075 (USD trillions)
1	China	$57.0
2	India	$52.5
3	US	$51.5
4	Indonesia	$13.7
5	Nigeria	$13.1
6	Pakistan	$12.3
7	Egypt	$10.4
8	Brazil	$8.7
9	Germany	$8.1
10	UK	$7.6
11	Mexico	$7.6
12	Japan	$7.5
13	Russia	$6.9
14	Philippines	$6.6
15	France	$6.5

The international order will be significantly different in 2075, with Nigeria, Pakistan, and Egypt cracking the top 10.

Rapid population growth, which could provide a sizable work force across all three nations, is a key factor in these projections.

While this is happening, European economies will keep falling in the rankings. Germany, formerly the third-largest economy in the world, will rank ninth, just below Brazil.

The GDPs of China, India, and the U.S. are predicted to be comparable at this point, indicating that they have roughly equivalent levels of economic dominance.

As a result, how these countries decide to interact with one another is likely to have a significant impact on how the world looks.