South Korea Is Projected To Become World’s 7th Largest Economy By 2030

A U.K. research firm has forecast the top 10 economies in 2032 and pegged South Korea for the number eight spot. 

As reported by Bloomberg News on December 26, the Center for Economics & Business Research (CEBR) published its report on the future trajectory of national economies on the same day. The report’s outlook for South Korea is one of gradual progress; from its current 12^th place, Asia’s fourth-largest economy is projected to overtake Canada by 2022 and rise to 10^th place, climb to 9^th place by 2027, and settle in at 8^th by 2032.

The world rankings were measured in U.S. dollars.

Overall, the CEBR’s prospective top 10 list featured a heavy Asian presence.

 

The top 10 list is as follows (current ranking):

1. China (2)

2. United States (1)

3. India (7)

4. Japan (3)

5. Germany (4)

6. Brazil (8)

7. U.K. (6)

8.South Korea (12)

9. France (5)

20. Indonesia (16)