Tuesday, February 23, 2021

Egypt among the “richest countries in 2030”: surpassed Germany, Japan and Russia


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Despite the difficulty of achieving material gains for countries, in light of the global economic crises and the outbreak of the Corona pandemic, some countries seek to reach the maximum possible benefit during these conditions and living turmoil, by achieving an economic recovery that leads them to the list of “richest countries by 2030”, and among those countries Egypt, which will occupy the seventh place among the countries in the world economically, moving from the nineteenth position in the list to the number 7 directly, as there are indications of a huge increase attached to the Egyptian economy, and the growth rate reaches 6.8 trillion dollars, or 5.5 trillion pounds, As a result of supporting foreign investment, in addition to increasing the population by up to 30%, not the only two factors behind the increase.

The British news site, “lovemoney”, revealed in a report, yesterday, Sunday, that “the relentless and continuous pursuit by Egypt in order to achieve economic achievements in various attempts and means will push it towards that advanced position among the countries of the world”, shedding light on the influence and role of the “new administrative capital.” In terms of economic growth as “glowing”, while the site described Egypt, following the development it will witness at the economic level, as “the highest climber from such a distance, moving from the 19th to the 7th place.”

The Egyptian economic progress comes after a state of drowning and political instability, according to the site’s words, which was reflected in the economic situation, causing it to stagnate until Egypt was able to recover and return strongly after large-scale reforms, with the help of the International Monetary Fund, according to the site’s description, and over the years In the last financial period, the growth rate of the Egyptian economy increased to 5.6%, the highest level since 2010, and foreign investment boomed positively in Egypt, explaining that the GDP two years ago amounted to $ 1.4 trillion, or £ 1.1 trillion.

Returning to the list of countries, the site indicates that Germany will occupy the 10th place, after retreating five places back, and the site states that Germany has the fifth largest economy in the world, starting from 2019, with a gross domestic product of 4.5 trillion dollars, equivalent to 3.7 One trillion pounds, according to the statistics of the International Monetary Fund, and that site points out that Germany represents the manufacturing power in the continent of Europe, as it is one of the largest countries in global export and services economy, which is based on giving greater value to the provision and access to services and economic benefit and growth compared to the value Acquisition and consumption of products and materials.

The GDP of Germany, by 2030, will reach 6.9 trillion dollars and equal in sterling 5.35 trillion, according to estimates by the London-based Standard Chartered Banking and Financial Services company. On the other hand, the United Kingdom and France are out of competition and lose their seat. The eighth and ninth in the list of the 10 richest countries, and the share of the European Union in the global economy drops to 12% from 16% in 2019.

And in ninth place comes Japan, the fourth largest economy in the world in terms of gross domestic product, which amounts to 5.8 trillion dollars, or 4.7 trillion pounds, and despite the rate of growth in the Japanese economy, it is expected that the performance of the economy will decline during the 11 years. Next, because 30% of the population will reach the age of 65 years and over by 2030, thus increasing the number of elderly people in the country, thus the workforce shrinks, so Japan’s economy retreats from fourth to ninth place, and before that Russia controls number 8 in the list, which Its GDP reached $ 4.4 trillion, equivalent to £ 3.6 in 2019.

And Russia occupies the sixth largest economy in the world at the present time, even after the Russian financial resources have been exposed in the past few years to recession, and the capital and commodity prices have suffered many disruptions, and the site indicates that growth in Russia’s economy continues, but does not reach the extent of preserving its position. Egypt, which ranks seventh among countries, surpasses Russia, and precedes it, Brazil, which achieved growth in the first decade of the twenty-first century, which qualified it to join the list.

The site shows that the GDP of Brazil currently stands at 3.5 trillion dollars and 2.8 trillion pounds, and increases to 8.6 trillion dollars and 7 trillion pounds, according to “Standard Chartered”, to become the sixth largest economy in the world, and produces This is about increasing the proportions of the workforce in Brazil, and the population will increase by approximately 6.6%, meaning the population will rise from the current figure of 221 million compared to 225 million in 2030.

He also confirms that Brazil has been able to prove its existence with its economic progress, in light of the slowdown in economic growth among Latin American countries, which include: Brazil, Argentina, Cuba, Venezuela, Colombia, Peru and Panama, in addition to 12 other countries. And in fifth place, Turkey leads, after the recovery of its economy, according to the site, which indicates that its economic jump is close to the launch of the Egyptian economy, as it is currently ranked 13th in the world, and the increase in GDP is expected to reach 9.1 trillion dollars and 7. 4 trillion pounds.

Indonesia is ranked fourth, and it is the largest economy in Southeast Asia, as its economy is subject to growth of 5.2% in 2019 and rises to 5.3% in the first months of 2020, so it is the seventh largest economy in the world, in terms of total output. And it will reach 3.7 trillion dollars and 4 trillion pounds, and by 2030 it will reach 10.1 trillion dollars and 8.2 trillion pounds, according to Standard Chartered’s projections. This is due to its possession of inflation in employment and a high percentage of the young population. Third is the United States of America, which is the most important economy in the world in 2019, with a GDP of 21.3 trillion dollars and 17.3 trillion pounds.

The United States will lose its first place as the most in the world, and Standard Chartered expects that the GDP in 2030 will reach 31 trillion dollars and 25.2 trillion pounds, and India will precede it, due to the increase in the number of the working population, economic reforms and increased investments, and the GDP will reach 46.3 trillion dollars and 37.6 million pounds, and finally China tops the first place and renews its victories over the United States of America, after China surpassed it in 2013, and the increase in GDP is assumed to reach 64.2 trillion dollars and 52.1 million pounds What keeps the US economy out of the limelight.

  • The situation in Egypt

  • Injuries

    177,543

  • Recovered

    137,294

  • Mortality

    10,298

  • The situation around the world

  • Injuries

    111,651,209

  • Recovered

    86,818,728

  • Mortality

    2,472,353






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