The United States was still the largest economy on Earth last year, but until the turn of mid-century China will take the lead for the next 25 years or so, and India will be the second.

A report by Goldman Sachs, an international bank based in the U.S., says that in 2075 Asian nations will dominate a shortlist of 15 largest economies as the balance of global economic power is projected to shift dramatically in the coming decades in 2075. 

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The research provides a historical and predictive overview of the world’s top economies at several milestones: 1980, 2000, 2022, 2050, and 2075 – all figures representing real GDP projections based on 2021 USD.

Highlights for 2050

Over the past few decades, there’s been a remarkable economic growth in China and India. Notably, from 2000 to 2022, India ascended eight positions to claim the title of the world's fifth-largest economy, overtaking both the United Kingdom and France.

Looking ahead to 2050, the Goldman Sachs Global Investment Research anticipates a further shift in the global GDP landscape, with Asia playing an even more substantial role.