Latin America’s Economic Growth: Top Countries to Watch by 2030

2024-04-17 15:25:00

Latin America is not excluded from the changes in the global economy that are taking shape towards the year 2030. A study by PricewaterhouseCoopers (PwC) and Standard Chartered reveals that two countries in the region will be among the ten largest world economic powers within six years, because they will experience significant economic growth. Next, we will tell you which Latin American nations we are talking about.

WHAT ARE THE ONLY TWO COUNTRIES IN LATIN AMERICA THAT WILL BE RICH IN 2030?

Using the Gross Domestic Product (GDP) together with purchasing power (PPP) as its main tools, a report titled ‘The long view: how will the global economic order change by 2050?’ was carried out, which allowed fair comparisons to be made between the economies of the world, providing a more accurate perspective of the true size and power of each country.

Taking this into account, it was revealed that by the year 2030, Brazil y Mexico They will be the only nations in Latin America that will be ranked in the top 10 of the largest economies in the world. Brazil will be positioned in eighth place with an estimated GDP of 4,439 billion dollars, becoming the largest economy in South America. For its part, Mexico will be in ninth place with a projected GDP of 3,661 billion dollars.

The economic growth of these countries is mainly due to the diversification of their resources, as well as improvements in infrastructure and financial development policies, according to the newspaper. The Republic.

WHICH COUNTRIES WILL BE THE 3 RICHEST COUNTRIES IN THE WORLD BY 2030?

China, United States e India They will be the three dominant economies in 2030, projections reveal. China will continue to be the world’s largest economy with a GDP of $38.008 trillion. In second place will be the United States, with 23,475 billion, while India will occupy third place, reaching 19,511 billion dollars.

WHICH COUNTRY WILL OVERCOME THE UNITED STATES IN THE LATER YEARS?

The country that is on track to overtake the United States in the coming years and become the second largest economy in the world is India. Its rise is due to a combination of demographic factors and economic reforms.

Firstly, considering that it has the largest young population in the world, India benefits from a considerable boost in its economic development. Furthermore, its structural reforms, such as the modernization of the tax system and the implementation of the Bankruptcy Code, have paved the way for fleeting and sustainable economic growth.

WHAT OTHER COUNTRIES WILL HAVE ECONOMIC GROWTH BY 2030?

Other countries like Indonesia y Russia They will also experience significant growth in the coming years, highlighting the first nation mentioned, since thanks to the expansion of its industrial sector and the increase in domestic consumption, it will rise to fifth place globally with a projected GDP of 5,424 trillion dollars.

In turn, traditionally strong economies such as Germany and Japan will maintain prominent positions in the ranking, although with more moderate growth rates compared to emerging economies.

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