KUALA LUMPUR: Malaysia is projected to rank 16th among the world's 30 largest economies by 2075, says Insider Monkey.
The finance website said Malaysia has experienced significant economic growth, making it a key player in South-East Asia and the global economy, attracting investments and driving development.
According to an analysis by the website, by
2075, Malaysia is projected to account for 1.25% of the world’s GDP, reaching US$4.05 trillion (around RM16.89 trillion), with an estimated population of 41.93 million with its economy known for export strengths in electronics,palm oil and natural gas.
Meanwhile, Malaysia neighbour Indonesia is ahead at fifth place with an expectation of having 2.59% share of the global economy by 2075.
It reported that Indonesia's GDP is forecasted to reach US$8.39 trillion (approximately RM35.4 trillion), while its population is expected to grow to 315.82 million by 2075.
The analysis also states that other South-East Asia countries that ranked in the top 30 include the Philippines at 14th, Vietnam at 22nd and Myanmar at the last place.
In the analysis, China will become the world's largest economy, powered by manufacturing, exports, technology, and infrastructure investments by 2075.
China, with a projected GDP of US$66.16 trillion (approximately RM278.95 trillion) accounting for 20.39% of the global economy, has already surpassed the United States in terms of purchasing power parity (PPP).
However, it will experience population decrease,expected to reach 1.02billion in the said period.
The analysis said India falls to second place followed by the United States, and Russia.
Using “Economics in the Year 2100” by Fathom Consulting, as the methodology in their analysis, Insider Monkey acquires the estimated share of global GDP in 2100 and GDP PPP for the top 10 economies.
From the information gathered in the analysis, it was used to compile the list of the world’s 30 largest economies projected for 2075.
It also used population projections from the United Nations for 2075 and the list ranks these economies by their projected GDP from smallest to largest.
