One of the world’s largest professional services firm, PricewaterhouseCoopers (PwC), has predicted that Nigeria and South Africa will be among the most powerful economies by 2050.
Titled ‘The Long View: How will the global economic order change by 2050?’, the report ranks 32 of the largest economies in the world on the basis of Gross Domestic Product (GDP) at Purchasing Power Parity (PPP). Nigeria is ranked 21st and South Africa at 30th, with $1.794 trillion and $1.148 trillion respectively.
China with $38.008 trillion occupies the first spot, pushing the United States of America ($23.475 trillion) and India ($19.511 trillion) to the second and third positions respectively.
