Please ensure Javascript is enabled for purposes of website accessibility
US Economy is World's Biggest. Who Will Lead in 2050?
GV-Wire-1
By gvwire
Published 7 years ago on
July 23, 2018

Share

The U.S. economy has grown by exactly $1 trillion since 2017 to $20.4 trillion, according to the International Monetary Fund.
That makes the American economy far and away the world’s biggest — more than $6 trillion ahead of runner-up China and more than $15 trillion ahead of No. 3 Japan.
But China, with a $2 trillion increase, doubled the amount of economic growth the U.S. experienced.
And China’s economy, along with India’s, is projected to eclipse the United States in gross domestic product by 2050, according to a report by the professional services firm PwC.
In fact, PWC forecasts that China will power 20% of the world’s economy by 2050.

A chart of the world's Top 10 economies.
The United States and China are far and away the world’s top economic powers. But by 2050, the U.S. is projected to slip to third on the list behind China and India. (Alexis DeSha/GV Wire Graphic)

China Riding the Digital Boom

The World Economic Forum reports that China’s digital economy has grown from less than 1% of the global e-commerce market about 10 years ago to 42% today. Meanwhile, the United States has seen its share of the digital market shrink from 35 percent in 2005 to 24 percent today.
Here are three other PWC projections for 2050:
— The world economy could more than double by 2050, far outstripping population growth, due to technology-driven productivity improvements.
— Emerging markets (E7) could grow around twice as fast as advanced economies (G7) on average.
— Six of the seven largest world economies are projected to be emerging economies led by China, India, and Indonesia.
The “E7” countries are China, India, Brazil, Mexico, Russia, Indonesia and Turkey.
The “G7” countries are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.

The 2050 World Economy in 60 Seconds

DON'T MISS

Braves’ Jurickson Profar Hit With 80-Game PED Ban

DON'T MISS

Watch: City Demolishes Historic Chinatown Building to Make Way for Housing

DON'T MISS

The Mystery of Melania Trump’s Wedding Dress and an eBay Sale

DON'T MISS

Heading to Sierra? Prepare for Heavy Snow

DON'T MISS

Mexican National Caught in Fresno County Pleads Guilty to Fentanyl Trafficking

DON'T MISS

CA Snowpack Is Near-Average. What Does This Mean for Water Supplies?

DON'T MISS

Shohei Ohtani Adds Another No. 1 to His Resume: MLB’s Best-Selling Jersey

DON'T MISS

Tush Push Is the Hottest Topic at the NFL League Meetings

DON'T MISS

U.S. Bank Executive Terry Dolan Dies in Plane Crash Near Minneapolis

DON'T MISS

Trump Administration Will Review Billions in Funding for Harvard

UP NEXT

Watch: City Demolishes Historic Chinatown Building to Make Way for Housing

UP NEXT

The Mystery of Melania Trump’s Wedding Dress and an eBay Sale

UP NEXT

Heading to Sierra? Prepare for Heavy Snow

UP NEXT

Mexican National Caught in Fresno County Pleads Guilty to Fentanyl Trafficking

UP NEXT

CA Snowpack Is Near-Average. What Does This Mean for Water Supplies?

UP NEXT

Shohei Ohtani Adds Another No. 1 to His Resume: MLB’s Best-Selling Jersey

UP NEXT

Tush Push Is the Hottest Topic at the NFL League Meetings

UP NEXT

U.S. Bank Executive Terry Dolan Dies in Plane Crash Near Minneapolis

UP NEXT

Trump Administration Will Review Billions in Funding for Harvard

UP NEXT

Former MLB Pitcher CJ Wilson of Fresno on New Torpedo Bats: ‘Still Room for Innovation’

Heading to Sierra? Prepare for Heavy Snow

2 hours ago

Mexican National Caught in Fresno County Pleads Guilty to Fentanyl Trafficking

2 hours ago

CA Snowpack Is Near-Average. What Does This Mean for Water Supplies?

3 hours ago

Shohei Ohtani Adds Another No. 1 to His Resume: MLB’s Best-Selling Jersey

4 hours ago

Tush Push Is the Hottest Topic at the NFL League Meetings

4 hours ago

U.S. Bank Executive Terry Dolan Dies in Plane Crash Near Minneapolis

4 hours ago

Trump Administration Will Review Billions in Funding for Harvard

5 hours ago

Former MLB Pitcher CJ Wilson of Fresno on New Torpedo Bats: ‘Still Room for Innovation’

5 hours ago

Man Arrested After Shooting at Fresno’s Switch Nightclub

5 hours ago

Who Is Fresno’s ‘Fake’ ICE Agent? He Speaks Up

6 hours ago

Braves’ Jurickson Profar Hit With 80-Game PED Ban

NEW YORK — Atlanta Braves outfielder Jurickson Profar has been suspended for 80 games without pay for performance-enhancing drug use. Major ...

1 hour ago

Jurickson Profar
1 hour ago

Braves’ Jurickson Profar Hit With 80-Game PED Ban

2 hours ago

Watch: City Demolishes Historic Chinatown Building to Make Way for Housing

Photo of First Lady Melania Trump
2 hours ago

The Mystery of Melania Trump’s Wedding Dress and an eBay Sale

2 hours ago

Heading to Sierra? Prepare for Heavy Snow

Miguel Obed Romero Reyes, 25, of Sinaloa, Mexico, pleaded guilty Monday, March 31, 2025, to trafficking more than 200,000 fentanyl pills after authorities seized the drugs during a traffic stop on Interstate 5. (DOJ)
2 hours ago

Mexican National Caught in Fresno County Pleads Guilty to Fentanyl Trafficking

3 hours ago

CA Snowpack Is Near-Average. What Does This Mean for Water Supplies?

4 hours ago

Shohei Ohtani Adds Another No. 1 to His Resume: MLB’s Best-Selling Jersey

Philadelphia Eagles quarterback Jalen Hurts (1) lines up for the goal line Tush Push play during the NFL championship playoff football game against the Washington Commanders, Jan. 26, 2025, in Philadelphia. (AP File)
4 hours ago

Tush Push Is the Hottest Topic at the NFL League Meetings

Help continue the work that gets you the news that matters most.

Search

Send this to a friend