Price water house Coopers published rankings of 32 future power economies by 2050. Nigeria, Egypt and South Africa were forecasted to be in 14th, 15th ,27th most powerful economies in the world respectively.
Now the report, takes into account the various nations’ projected gross domestic product by purchasing power parity.
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.
While PwC’s findings show some of the same countries right near the top of the list in 13 years, they also have numerous economies slipping or rising massively by 2030.