The Spanish economy will lose weight gradually on the international scene to the rise of emerging countries, which by 2050 will mean that Spain will no longer be one of the 20 largest economies in the world, when it currently occupies the post 16, according to the data of gross domestic product (GDP) in purchasing power parity terms picked up by PwC in its report ‘ the world in 2050. How to change the global economic order?’.
According to the econometric model applied by PwC, Spain will be able to retain a position similar to the current until 2030, for when will occupy the post 17 between the economies in the world, although since then the rise of emerging countries will make you fall slowly down to the post 26 2050.
In its analysis, the firm warns that Spain will be one of the countries that recorded a further decline in the percentage of workers as a result of the aging of the population in the coming years. In fact, according to employees, the Spanish active population could be reduced almost 1% between 2016 and 2050, only behind the declines for Poland, Japan, Thailand and South Korea.
However, according to GDP at market in constant dollars, the Spanish economy prices ranked in 2016 fourteenth world, with 1.25 billion dollars (1.17 billion euros), while that by 2030 it would be in the 15th position, with a GDP estimate of 1.86 billion dollars (1.73 billion euros) and by 2050 would be the 20th largest world economy , don an estimated GDP of 2.73 billion dollars (2.55 billion euros).
The escalation of the emerging
Spain will not be the only developed that bring down their weight in the global economic context in the coming decades. By 2015 if the economies of the countries that make up the G7 (Germany, Canada, United States, France, Italy, Japan and United Kingdom) and the E-7 (Brazil, China, India, Indonesia, Mexico, Russia and Turkey)