Türkiye’s gross domestic product (GDP), the total value of goods and services produced in the country, is forecast to reach $1.9 trillion by 2030, accounting for 1.3% of global economic output, according to International Monetary Fund (IMF) projections.
The forecast puts Türkiye between Indonesia and the Netherlands in the ranking, with Indonesia projected to overtake Türkiye at $2.1 trillion. Türkiye currently ranks 16th, with an economy worth $1.6 trillion, ahead of Indonesia, which ranks 17th at $1.5 trillion.
Global economy set to top $150T
The global economy is projected to grow by roughly $25 trillion through 2030, reaching more than $150.3 trillion, according to the IMF’s World Economic Outlook forecasts.
The U.S. is projected to remain the world’s largest economy in 2030, with economic output of $37.7 trillion, followed by China at $26 trillion.
Germany and India are expected to remain closely matched for third place, with projected economic output of $6.2 trillion and $6.2 trillion, respectively.The gap between the two is projected to be just $5.0 billion.
The U.S. and China are projected to account for about 42.4% of global economic output in 2030, while the combined output of the U.S., China, and Germany is expected to increase by more than $10 trillion by the end of the decade.
Asia, Middle East account for over 1/3
The combined economic output of Asia and the Middle East is projected to reach $55.7 trillion by 2030, accounting for more than one-third of the global economy.
Japan is expected to reach $5 trillion, while South Korea and Indonesia are projected to reach $2.3 trillion and $2.1 trillion, respectively.
Europe’s economy is projected to total around $37 trillion in 2030, with the combined nominal output of European Union countries reaching $26.5 trillion.
The IMF does not provide 2030 projections for Afghanistan, Bolivia, Cuba, Eritrea, Lebanon, North Korea, Pakistan, Sri Lanka, Syria, or Venezuela.
Source: turkiyetoday