Economies by 2029 took fascinating turns as India crossed $3 Trillion economy. Here are countries capable of being bigger economies by 2029. where will India and US rank?
Largest Economies by 2029.
India, US, China, Japan, and Germany are some top economies in world based on GDP. Throughout the world, GDP fluctuates with phase differences in economic cycles. These Top Economies don’t budget easily from the position they hold. Below are Top 10 Largest Economies by 2029. An important question to focus on is “Where Will India and US Rank?”.
United States of America (USA).
United States will continue to dominate world economies rankings by 2029. US, at present world’s largest economy, will still be at first rank by 2029. But gap between US and no 2 in this list will get closer.
China.
China will be the largest economy by 2029 according to IMF. By latest IMF report china’s normal GDP in 2029 will be $24,590 Trillion. At present in 2024 it is $17 Trillion.
India.
In 2029-30 (FY30), India will move up to third largest economy. According to IMF data India will achieve third spot in largest economies by 2028. GDP is expected to be around $6 Trillion.
Germany.
Germany ranks third in 2024 largest economies list. But by 2029 it will move down to fourth place. World Economic Outlook projection for 2024 says Germany’s GDP will be $ 5 Trillion.
Japan.
Japan will be fifth fifth-largest economy in the world by 2029. Japan overtook India a few years ago. By IMF estimations, Japan will have a GDP of $5 Trillion. As if now Japan is fourth largest economy.
United Kingdom (UK).
According to IMF UK holds sixth position in top 10 economy list for 2029. The UK is even now holding sixth position. UK’s normal GDP will be $4 Trillion by 2029.
France.
Currently in seventh position France will remain to hold that position. IMF data says, its GDP will be $3 Trillion.
Brasil.
From 9 position to 8 position, brasil will raise the rank in coming years. Brazil’s GDP for 2029 will be $2,855 Trillion.
Canada.
Canada will rank 9t on the list of top 10 largest economies by 2029. Its normal GDP is expected to be $2,794 Trillion as per IMF.
Italy.
Italy is at present 8th largest economy as per IMF. By 2029 Italy will move to 10th spot. Italy’s normal GDP in 2029 would be $2,736 Trillion.
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