December 8th, 2011
Econintersect: A Goldman Sachs (NYSE:GS) study has concluded that the U.S. will still have the greatest per capita wealth in the world among major countries at the end of the next four decades. While China and India are expected to make major gains in GDP to assume number one and number three positions in the world, they will still rank far down the list in per capita GDP due to their much larger populations. A chart from Business Insider (MoneyGame Chart of the Day December 7, 2011) follows the continuation break:
Some very interesting predictions for 2050 are:
- Both the Philippines and Vietnam will be wealthier that India
- Mexico will be wealthier than either China or Brazil
- Japan, once the wealthiest country in the world will fall to sixth place
- Both Korea and Russia will reach wealth levels with 13% of the U.S.
The total GDP numbers show how the two largest population countries on the planet will move ahead of much of the world by 2050. From the Financial Times: