IMF's 2030 World Economic Outlook Report and Turkey's Expected GDP
According to International Monetary Fund data, global economic size is projected to reach significant levels by the end of the decade, with Turkey included in the list.
According to the International Monetary Fund's World Economic Outlook Report projections, while the world economy is expected to reach $150.3 trillion in 2030, Turkey will be the 17th largest economy in the world with a nominal GDP of $1.93 trillion.
Global Economic Size
According to projections in the International Monetary Fund's World Economic Outlook Report, global nominal GDP is projected to exceed $150.3 trillion in 2030. The world economy is expected to grow by approximately $25 trillion by 2030.
Leading Economies and Rankings
In the 2030 projections, the United States will remain the world's largest economy with a gross domestic product of $37.678 trillion, while China will take second place with $26.047 trillion.
The Race for Third Place
Germany and Hindistan appear very close to each other for the third spot in terms of economic size. Germany's GDP in 2030 is expected to be $6.178 trillion, and India's is expected to be $6.173 trillion.
Turkey's 2030 Economic Position
Turkey is expected to reach a nominal GDP of $1.934 trillion in 2030. This size will place Turkey 17th in the ranking of world economies.
Additionally, while Turkey's share of the world economy is projected to be 1.3 percent, Indonesia is located just above the country and the Netherlands is just behind it.