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Vietnam projected to become world’s 22nd largest economy by 2050: PwC

Friday, February 13, 2015, 18:04 GMT+7
Vietnam projected to become world’s 22nd largest economy by 2050: PwC

Vietnam is projected to become the 22nd largest economy in purchasing power parity (PPP) terms in 2050, British auditor PricewaterhouseCoopers said in a report released Tuesday.

The Southeast Asian country, along with Nigeria and the Philippines, are the “notable risers” in the global GDP rankings in the long term, reflecting relatively high projected average growth rates of around 4.5-5.5 percent per annum over the period to 2050, according to PwC.

China has already overtaken the US in 2014 to become the largest economy, whereas India has the potential to become the second largest economy in the world by 2050 in PPP terms, the London-based auditor said in its “The World in 2050” report.

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