List of countries by GDP in 2050

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By 2050, the world is likely to have changed drastically from what we know now, and the planet's economic and financial landscape will be no exception.

A report from professional services giant PwC looks at which economies around the world will be the biggest and most powerful in 33 years time.

The report, titled "The long view: how will the global economic order change by 2050?" ranked 32 countries by their projected global gross domestic product by purchasing power parity.

PPP is used by macroeconomists to determine the economic productivity and standards of living among countries across a certain time period.

With the exception of the USA, many of the world's current powerhouse economies like Japan and Germany will have slipped down global rankings, replaced by countries such as India and Indonesia, which are currently emerging markets.

Check out the ranking below (All numbers cited in the slides are in US dollars and at constant values (for reference, the US's current PPP is $18.562 trillion):

32. Netherlands — $1.496 trillion.

31. Colombia — $2.074 trillion.

30. Poland — $2.103 trillion.

29. Argentina — $2.365 trillion.

28. Australia — $2.564 trillion.

27. South Africa — $2.570 trillion.

26. Spain — $2.732 trillion.

25. Thailand — $2.782 trillion.

24. Malaysia — $2.815 trillion.

23. Bangladesh — $3.064 trillion.

22. Canada — $3.1 trillion.

21. Italy — $3.115 trillion.

20. Vietnam — $3.176 trillion.

19. Philippines — $3.334 trillion.

18. South Korea — $3.539 trillion.

17. Iran — $3.900 trillion.

16. Pakistan — $4.236 trillion.

15. Egypt — $4.333 trillion.

14. Nigeria — $4.348 trillion.

13. Saudi Arabia — $4.694 trillion.

12. France — $4.705 trillion.

11. Turkey — $5.184 trillion.

10. United Kingdom — $5.369 trillion.

9. Germany — $6.138 trillion.

8. Japan — $6.779 trillion.

7. Mexico — $6.863 trillion.

6. Russia — $7.131 trillion.

5. Brazil — $7.540 trillion.

4. Indonesia — $10.502 trillion.

3. United States — $34.102 trillion.

2. India — $44.128 trillion.

1. China — $58.499 trillion.

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Read the original article on Business Insider UK. © 2016. Follow Business Insider UK on Twitter.

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1/1These will be the 32 most powerful economies in the world by 2050

These will be the 32 most powerful economies in the world by 2050

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Which country will have highest GDP in 2050?

As a result, six of the seven largest economies in the world are projected to be emerging economies in 2050 led by China (1st), India (2nd) and Indonesia (4th) The US could be down to third place in the global GDP rankings while the EU27's share of world GDP could fall below 10% by 2050.

Which countries will be rich in 2050?

Top 10 richest countries in the world according to the report published by PWC, were determined with the purchasing power parity. Top 10 Richest Countries in the World, 2050 are China, United States, Canada, United Kingdom, Brazil, Germany, France, Mexico, United States, India.

Which country has best future in 2050?

While challenges remain, most experts believe that China will be the new superpower by 2050. China GDP in 2050 is expected to be around $58.5 trillion.

Will India be the richest country in 2050?

Press Trust of India. Asia's richest man Gautam Adani on Saturday said India, which took 58 years to become a trillion dollar economy, will add an equivalent sum to GDP every 12-18 months and will be the world's second largest economy by 2050.