News These Will Be 20 Largest Economies In 2030 - GoFuckYourself.com

RummyBoy · 04-10-2015, 11:15 AM

According to the U.S. Department of Agriculture's latest macroeconomic projections to 2030, the world order will be as follows:

These will be the world's 20 largest economies in 2030 - Yahoo Finance

Hentaikid · 04-10-2015, 11:39 AM

Seriously did not expect to see Spain in there

RummyBoy · 04-10-2015, 10:11 PM

Why not spain? debt is a separate issue....

Im surprised Germany isn't closer to Japan

Paz · 04-11-2015, 12:31 AM

I saw a few big surprises in there too.... I think the source (US Dept of Agriculture) isn't a reliable one IMHO, maybe the US treasury might do better but most of the projections I remember put China at the top in a few years time.

Robbie · 04-11-2015, 12:36 AM

Truth is none of them really know what will happen with the economy in any of those nations.
If they did...we would never see recessions and depressions.

They just guess.

Captain Kawaii · 04-11-2015, 01:24 AM

Funny list.

adultchatpay · 04-11-2015, 02:52 AM

Indonesia? Really?

RummyBoy · 04-11-2015, 04:31 AM

Quote:

Originally Posted by Robbie

They just guess.

It's true they cannot predict the future but they're not guessing. These are projections which are not that difficult to make if you ignore black swans etc. For example, now that we have a slow down in China they're probably projecting forward at sub 7% growth instead of above, for the next few years.

You just take the GDP figure and then compound the GDP growth year on year.

As for China, well China has already over taken the US in many different metrics but it will take a LOT longer for China to surpass the US in terms of GDP which is the most important economy size metric. Their figures are probably not that far off.

There is a chance that China would be ahead of the US by then but I really doubt it will come much earlier than, say 2028. Probably better for China if they get quality slower growth instead of highly leveraged faster growth .

China is $10 trillion GDP approx.
USA is a $17 trillion GDP approx.

RummyBoy · 04-11-2015, 04:51 AM

Quote:

Originally Posted by Paz

I saw a few big surprises in there too....

Which big surprises? Indonesia has been a top ranked emerging market for a long time and has as much promise as Vietnam (which isn't on the list).

slapass · 04-11-2015, 05:09 AM

Quote:

Originally Posted by RummyBoy

Which big surprises? Indonesia has been a top ranked emerging market for a long time and has as much promise as Vietnam (which isn't on the list).

Russia seems a bit low for an educated population with tons of land and resources.

RummyBoy · 04-11-2015, 06:20 AM

Quote:

Originally Posted by slapass

Russia seems a bit low for an educated population with tons of land and resources.

True and I think it looks like the relationship between Russia (largest energy producer) and China (largest energy consumer and hungry for many resources), which is a match made in heaven, is basically being underestimated in terms of economic impact for Russia which should be a least a few notches higher on this list...

I daresay Russia could also be a beneficiary of demand from India too, as they import 80% of their oil. Demand which will grow as their economy grows.

ilnjscb · 04-11-2015, 06:41 AM

2001: The national debt will be repaid within a decade
In 2001, the CBO forecast a cumulative 10-year surplus of $5.6 trillion. In reality, it was a cumulative deficit of $6.5 trillion. That's a $12.1 trillion miss.

This is the federal government we're talking about - if they predict a sunny day, run inside

just a punk · 04-11-2015, 07:18 AM

China will be #1

mineistaken · 04-11-2015, 07:21 AM

Department of Agriculture doing this? Employee went rogue or side interest project? LOL

Karatmaster · 04-11-2015, 07:44 AM

Quote:

Originally Posted by adultchatpay

Indonesia? Really?

Yes, Indonesia is growing at a phenomenal rate ... And with everything happening with the USD - I am not convinced the USA will be on top of the list !?! *time will tell

RandyRandy · 04-11-2015, 08:50 AM

Quote:

Originally Posted by Karatmaster

Yes, Indonesia is growing at a phenomenal rate ... And with everything happening with the USD - I am not convinced the USA will be on top of the list !?! *time will tell

4th most populous country in the world. Who knew?

RummyBoy · 04-11-2015, 09:29 AM

Quote:

Originally Posted by mineistaken

Department of Agriculture doing this? Employee went rogue or side interest project? LOL

Looks like the latter since they goofed it up and have now been forced to correct the list (Switzerland was removed):

These Will BeÂhathe World's 20 Largest Economies in 2030 - Bloomberg Business

Robbie · 04-11-2015, 09:49 AM

Quote:

Originally Posted by ilnjscb

2001: The national debt will be repaid within a decade
In 2001, the CBO forecast a cumulative 10-year surplus of $5.6 trillion. In reality, it was a cumulative deficit of $6.5 trillion. That's a $12.1 trillion miss.

This is the federal government we're talking about - if they predict a sunny day, run inside

That's why I say they are just guessing about any country's economy.

The CBO didn't foresee "9-11" happening which racheted up govt. spending (wars, the TSA, the Patriot Act) and then they didn't foresee the housing market collapsing in 2008 which led to the economic collapse and people losing jobs which meant years of less taxes being taken in by the feds (and even more money going out in subsidies to people).
And then they didn't foresee "ObamaCare"

The list goes on and on.

All of their guesses are based on current conditions. That's why they are always wrong.

420 · 04-11-2015, 09:49 AM

According to the US; the US is going to be awesome!

pimpmaster9000 · 04-11-2015, 12:29 PM

well if we completely and utterly ignore the 16tril$ debt, of which 8tril$ was just under the current president, then yes, the USA is doing baller...but on the other hand, if we use basic math

Struggle4Bucks · 04-11-2015, 01:02 PM

Netherlands.... one of the smallest countries in the world... one of the 20 biggest economies....

L-Pink · 04-11-2015, 01:18 PM

Quote:

Originally Posted by Struggle4Bucks

Netherlands.... one of the smallest countries in the world... one of the 20 biggest economies....

Yea but back your sales out and it falls dramatically

Paz · 04-11-2015, 01:19 PM

Quote:

Originally Posted by Struggle4Bucks

Netherlands.... one of the smallest countries in the world... one of the 20 biggest economies....

Impressed. Didn't know always thought NL was just ticking over on its container ports and farming. What else is happening there?

mineistaken · 04-11-2015, 01:21 PM

Quote:

Originally Posted by Struggle4Bucks

Netherlands.... one of the smallest countries in the world... one of the 20 biggest economies....

One of the smallest?

At least in top 30%...
Just checked - somewhere like 7th or 8th in Europe.

Struggle4Bucks · 04-11-2015, 01:31 PM

Quote:

Originally Posted by mineistaken

One of the smallest?

At least in top 30%...
Just checked - somewhere like 7th or 8th in Europe.

in terms of inhabitants and surface area

When driving my car... and i lose focus for 5 minutes... i'll miss my highway exit and i'm either entering Belgium, Germany or fucking drive into the North Sea

aka123 · 04-11-2015, 01:44 PM

Quote:

Originally Posted by Struggle4Bucks

Netherlands.... one of the smallest countries in the world... one of the 20 biggest economies....

Quote:

Originally Posted by Paz

Impressed. Didn't know always thought NL was just ticking over on its container ports and farming. What else is happening there?

They have long history from commerce, and colonialism.. or at least did have the latter. For example Boers are originally from Netherland.

brassmonkey · 04-11-2015, 01:47 PM

who gives a shit?

all this changes depending on war

also the stability of this planet

$5 submissions · 04-11-2015, 03:50 PM

Given the current reforms happening in Mexico,I was expecting it to rank higher in that chart. Mexico will be a breakout economic miracle within the next 15 years if reforms continue.

klinton · 04-11-2015, 03:55 PM

Quote:

Originally Posted by ilnjscb

This is the federal government we're talking about - if they predict a sunny day, run inside

SekobA · 04-12-2015, 02:02 AM

China has a poor quality products

just a punk · 04-12-2015, 03:13 AM

Quote:

Originally Posted by SekobA

China has a poor quality products

Do you mean all those iPhones?

itme64 · 04-12-2015, 05:32 AM

Quote:

Originally Posted by Struggle4Bucks

in terms of inhabitants and surface area

When driving my car... and i lose focus for 5 minutes... i'll miss my highway exit and i'm either entering Belgium, Germany or fucking drive into the North Sea

hehehehhe

JJ Gold · 04-12-2015, 06:01 AM

Quote:

Originally Posted by $5 submissions

Given the current reforms happening in Mexico,I was expecting it to rank higher in that chart. Mexico will be a breakout economic miracle within the next 15 years if reforms continue.

If these reforms include pulling out and cumming on tits you may be right.

yuvalh · 04-12-2015, 07:48 AM

Israel is not on the list. Guess they are too small

04-11-2015, 12:36 AM	#5
Robbie Leaner, Meaner, Faster Industry Role: Join Date: Aug 2002 Location: Vegas Posts: 20,959	Truth is none of them really know what will happen with the economy in any of those nations. If they did...we would never see recessions and depressions. They just guess. __________________ -Robbie ClaudiaMarie.Com

04-11-2015, 07:18 AM	#13
just a punk So fuckin' bored Industry Role: Join Date: Jun 2003 Posts: 32,386	China will be #1 __________________ Obey the Cowgod

04-11-2015, 12:29 PM	#20
pimpmaster9000 Too lazy to set a custom title Industry Role: Join Date: Dec 2011 Posts: 26,732	well if we completely and utterly ignore the 16tril$ debt, of which 8tril$ was just under the current president, then yes, the USA is doing baller...but on the other hand, if we use basic math __________________ Report a suspicious cracker: Click Here

04-11-2015, 01:02 PM	#21
Struggle4Bucks Sieg Hi! Industry Role: Join Date: May 2011 Location: Lissabon Posts: 3,615	Netherlands.... one of the smallest countries in the world... one of the 20 biggest economies.... __________________ Half troll half amazing!

04-11-2015, 01:47 PM	#27
brassmonkey Pay It Forward Industry Role: Join Date: Sep 2005 Location: Yo Mama House Posts: 77,250	who gives a shit? all this changes depending on war also the stability of this planet __________________ TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com

04-10-2015, 11:15 AM	#1
RummyBoy Confirmed User Join Date: Dec 2009 Posts: 2,157	These Will Be 20 Largest Economies In 2030 According to the U.S. Department of Agriculture's latest macroeconomic projections to 2030, the world order will be as follows: These will be the world's 20 largest economies in 2030 - Yahoo Finance

04-10-2015, 11:39 AM	#2
Hentaikid Confirmed User Join Date: Nov 2002 Posts: 1,249	Seriously did not expect to see Spain in there

04-10-2015, 10:11 PM	#3
RummyBoy Confirmed User Join Date: Dec 2009 Posts: 2,157	Why not spain? debt is a separate issue.... Im surprised Germany isn't closer to Japan

04-11-2015, 12:31 AM	#4
Paz Confirmed User Industry Role: Join Date: Jun 2012 Posts: 457	I saw a few big surprises in there too.... I think the source (US Dept of Agriculture) isn't a reliable one IMHO, maybe the US treasury might do better but most of the projections I remember put China at the top in a few years time.

04-11-2015, 01:24 AM	#6
Captain Kawaii So Fucking Banned Industry Role: Join Date: Oct 2007 Posts: 6,748	Funny list.

04-11-2015, 02:52 AM	#7
adultchatpay Let's Make Money Industry Role: Join Date: Dec 2008 Posts: 8,784	Indonesia? Really?

04-11-2015, 06:41 AM	#12
ilnjscb Confirmed User Industry Role: Join Date: Jun 2009 Posts: 8,873	2001: The national debt will be repaid within a decade In 2001, the CBO forecast a cumulative 10-year surplus of $5.6 trillion. In reality, it was a cumulative deficit of $6.5 trillion. That's a $12.1 trillion miss. This is the federal government we're talking about - if they predict a sunny day, run inside

04-11-2015, 07:21 AM	#14
mineistaken See signature :) Industry Role: Join Date: Apr 2007 Location: ICQ 363 097 773 Posts: 29,656	Department of Agriculture doing this? Employee went rogue or side interest project? LOL

04-11-2015, 09:49 AM	#19
420 cuck Industry Role: Join Date: Mar 2003 Posts: 11,571	According to the US; the US is going to be awesome!

04-11-2015, 03:50 PM	#28
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	Given the current reforms happening in Mexico,I was expecting it to rank higher in that chart. Mexico will be a breakout economic miracle within the next 15 years if reforms continue. __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

04-12-2015, 02:02 AM	#30
SekobA Too lazy to set a custom title Industry Role: Join Date: Oct 2008 Location: 567721649 Posts: 12,167	China has a poor quality products __________________ Best Affiliate Program Available Start Promoting 25% REV-SHARE

04-12-2015, 07:48 AM	#34
yuvalh Registered User Industry Role: Join Date: Apr 2015 Posts: 3	I don't see Israel Israel is not on the list. Guess they are too small