These Will Be 20 Largest Economies In 2030
 

According to the U.S. Department of Agriculture's latest macroeconomic projections to 2030, the world order will be as follows:

http://l3.yimg.com/bt/api/res/1.2/aA...ae67_-1x-1.jpg

These will be the world's 20 largest economies in 2030 - Yahoo Finance

Seriously did not expect to see Spain in there

Why not spain? debt is a separate issue....

Im surprised Germany isn't closer to Japan

I saw a few big surprises in there too.... I think the source (US Dept of Agriculture) isn't a reliable one IMHO, maybe the US treasury might do better but most of the projections I remember put China at the top in a few years time.

Truth is none of them really know what will happen with the economy in any of those nations.
If they did...we would never see recessions and depressions.

They just guess.

Funny list. :2 cents:

Indonesia? Really?

It's true they cannot predict the future but they're not guessing. These are projections which are not that difficult to make if you ignore black swans etc. For example, now that we have a slow down in China they're probably projecting forward at sub 7% growth instead of above, for the next few years.

You just take the GDP figure and then compound the GDP growth year on year.

As for China, well China has already over taken the US in many different metrics but it will take a LOT longer for China to surpass the US in terms of GDP which is the most important economy size metric. Their figures are probably not that far off.

There is a chance that China would be ahead of the US by then but I really doubt it will come much earlier than, say 2028. Probably better for China if they get quality slower growth instead of highly leveraged faster growth .

China is $10 trillion GDP approx.
USA is a $17 trillion GDP approx.

Which big surprises? Indonesia has been a top ranked emerging market for a long time and has as much promise as Vietnam (which isn't on the list).

Russia seems a bit low for an educated population with tons of land and resources.

True and I think it looks like the relationship between Russia (largest energy producer) and China (largest energy consumer and hungry for many resources), which is a match made in heaven, is basically being underestimated in terms of economic impact for Russia which should be a least a few notches higher on this list... :2 cents:

I daresay Russia could also be a beneficiary of demand from India too, as they import 80% of their oil. Demand which will grow as their economy grows.

2001: The national debt will be repaid within a decade
In 2001, the CBO forecast a cumulative 10-year surplus of $5.6 trillion. In reality, it was a cumulative deficit of $6.5 trillion. That's a $12.1 trillion miss.

This is the federal government we're talking about - if they predict a sunny day, run inside

China will be #1

Department of Agriculture doing this? Employee went rogue or side interest project? LOL

Yes, Indonesia is growing at a phenomenal rate ... And with everything happening with the USD - I am not convinced the USA will be on top of the list !?! *time will tell :)

4th most populous country in the world. Who knew?

:1orglaugh Looks like the latter since they goofed it up and have now been forced to correct the list (Switzerland was removed):

These Will BeÂhathe World's 20 Largest Economies in 2030 - Bloomberg Business

That's why I say they are just guessing about any country's economy.

The CBO didn't foresee "9-11" happening which racheted up govt. spending (wars, the TSA, the Patriot Act) and then they didn't foresee the housing market collapsing in 2008 which led to the economic collapse and people losing jobs which meant years of less taxes being taken in by the feds (and even more money going out in subsidies to people).
And then they didn't foresee "ObamaCare"

The list goes on and on.

All of their guesses are based on current conditions. That's why they are always wrong.

According to the US; the US is going to be awesome! :)

well if we completely and utterly ignore the 16tril$ debt, of which 8tril$ was just under the current president, then yes, the USA is doing baller...but on the other hand, if we use basic math :1orglaugh:1orglaugh:1orglaugh

Netherlands.... one of the smallest countries in the world... one of the 20 biggest economies.... :pimp

Yea but back your sales out and it falls dramatically :winkwink:

Impressed. Didn't know always thought NL was just ticking over on its container ports and farming. What else is happening there?

One of the smallest? :1orglaugh At least in top 30%...
Just checked - somewhere like 7th or 8th in Europe.

in terms of inhabitants and surface area

When driving my car... and i lose focus for 5 minutes... i'll miss my highway exit and i'm either entering Belgium, Germany or fucking drive into the North Sea

:1orglaugh

They have long history from commerce, and colonialism.. or at least did have the latter. For example Boers are originally from Netherland.

who gives a shit? :1orglaugh:1orglaugh all this changes depending on war :2 cents::2 cents: also the stability of this planet

Given the current reforms happening in Mexico,I was expecting it to rank higher in that chart. Mexico will be a breakout economic miracle within the next 15 years if reforms continue.

:1orglaugh:1orglaugh:1orglaugh:thumbsup

China has a poor quality products

Do you mean all those iPhones?

hehehehhe

If these reforms include pulling out and cumming on tits you may be right.

I don't see Israel
 

Israel is not on the list. Guess they are too small