Ever wanted to know which countries will be the leaders of the future, which countries will get to see their fortunes turnaround and will the Western countries continue to be the richest?
In 2012, the Citi Bank along with property consultancy Knight Frank conducted a study that predicts the wealthiest countries in the world in 2050. The Wealth Report shows that the balance of wealth shifts eastwards and the top 4 richest countries in the world on per capita basis are in Asia.
While economists can’t have a unified consensus on basic commodity prices for the coming year, looking so out into the future may seem a bit far-fetched, but it does however give a glimpse of what may lie ahead.
While this doesn’t mean that the West will get poorer in that sense, it’s just that the Asian economies will rise at a faster pace and will eventually be richer than the Western countries that are currently amongst the richest.
For Saudis there is something to cheer about as Saudi Arabia is also in the list – the only Middle Eastern country in it. Take a look at the list for yourself.
The numbers on this list are mentioned in US Dollars and are adjusted for Purchasing Power Parity.