WORLD ECONOMIC LEAGUE TABLE 2021

1 WORLD ECONOMIC LEAGUE TABLE 2021 A WORLD ECONOMIC LEAGUE TABLE with forecasts for 193 countries to 2035 December 2020, 12th edition 2 WORLD ECONOMIC LEAGUE TABLE 2021 WORLD ECONOMIC LEAGUE TABLE 2021 Contents WORLD ECONOMIC LEAGUE TABLE 2021 .. 1 Introduction A greener and more tech based WORLD .. 8 LEAGUE TABLE A to Z .. 16 Country forecasts .. 34 Afghanistan .. 34 Albania .. 35 Algeria .. 36 Angola .. 37 Antigua and Barbuda .. 38 Argentina .. 39 Armenia .. 40 Aruba .. 41 Australia .. 42 Austria .. 44 Azerbaijan .. 45 The Bahamas .. 46 Bahrain.

2 47 Bangladesh .. 48 Barbados .. 49 Belarus .. 50 Belgium .. 51 Belize .. 52 Benin .. 53 Bhutan .. 54 Bolivia .. 55 Bosnia and Herzegovina .. 56 Botswana .. 57 Brazil .. 58 Brunei Darussalam .. 59 Bulgaria .. 60 Burkina Faso .. 61 Burundi .. 62 Cabo Verde .. 63 3 WORLD ECONOMIC LEAGUE TABLE 2021 WORLD ECONOMIC LEAGUE TABLE 2021 Cambodia .. 64 Cameroon .. 65 Canada .. 66 Central African Republic .. 67 Chad .. 68 Chile .. 69 China .. 70 Colombia .. 72 Comoros .. 73 Democratic Republic of the Congo .. 74 Republic of Congo .. 75 Costa Rica .. 76 C te d'Ivoire.

3 77 Croatia .. 78 Cyprus .. 79 Czech Republic .. 80 Denmark .. 81 Djibouti .. 82 Dominica .. 83 Dominican Republic .. 84 85 Egypt .. 86 El Salvador .. 87 Equatorial Guinea .. 88 Eritrea .. 89 Estonia .. 90 91 Ethiopia .. 92 Fiji .. 93 Finland .. 94 France .. 95 Gabon .. 96 The Gambia .. 97 Georgia .. 98 99 Ghana .. 101 Greece .. 102 4 WORLD ECONOMIC LEAGUE TABLE 2021 WORLD ECONOMIC LEAGUE TABLE 2021 Grenada .. 103 Guatemala .. 104 Guinea ..105 Guinea-Bissau .. 106 Guyana .. 107 Haiti .. 108 Honduras .. 109 Hong Kong SAR .. 110 Hungary .. 111 Iceland.

4 112 India ..113 Indonesia .. 115 Islamic Republic of Iran .. 116 Iraq .. 117 Ireland .. 118 Israel .. 120 Italy .. 121 Jamaica .. 123 Japan .. 124 Jordan .. 125 Kazakhstan .. 126 Kenya ..127 Kiribati .. 128 Korea .. 129 Kosovo .. 130 Kuwait ..131 Kyrgyz Republic .. 132 Lao .. 133 Latvia .. 134 Lebanon .. 135 Lesotho .. 136 Liberia ..137 Libya .. 138 Lithuania .. 139 Luxembourg .. 140 Macao SAR ..141 North Macedonia .. 142 5 WORLD ECONOMIC LEAGUE TABLE 2021 WORLD ECONOMIC LEAGUE TABLE 2021 Madagascar .. 143 Malawi .. 144 Malaysia .. 145 Maldives .. 146 Mali.

5 147 148 Marshall Islands .. 149 Mauritania ..150 Mauritius .. 151 Mexico .. 152 Micronesia .. 154 Moldova .. 155 Mongolia .. 156 Montenegro .. 157 Morocco .. 158 Mozambique .. 159 Myanmar .. 160 Namibia .. 161 Nauru .. 162 Nepal .. 163 164 New Zealand .. 165 Nicaragua .. 166 Niger .. 167 Nigeria .. 168 169 Oman .. 170 Pakistan .. 171 Palau ..172 Papua New Guinea .. 174 Paraguay .. 175 Peru .. 176 Philippines .. 177 Poland .. 178 Portugal .. 179 Puerto Rico .. 180 6 WORLD ECONOMIC LEAGUE TABLE 2021 WORLD ECONOMIC LEAGUE TABLE 2021 Qatar .. 181 Romania.

6 182 Russia .. 184 Rwanda .. 186 Samoa .. 187 San Marino .. 188 S o Tom and Pr ncipe .. 189 Saudi 190 Senegal .. 191 Serbia .. 192 Seychelles .. 193 Sierra Leone .. 194 Singapore .. 195 Slovak Republic .. 196 Slovenia .. 197 Solomon Islands .. 198 Somalia .. 199 South Africa .. 200 South Sudan .. 201 Spain .. 202 Sri Lanka .. 204 St. Kitts and Nevis .. 205 St. Lucia .. 206 St. Vincent and the Grenadines .. 207 Sudan .. 208 Suriname .. 209 Sweden .. 210 Switzerland .. 211 Syria ..212 Taiwan Province of China .. 213 Tajikistan .. 214 Tanzania .. 215 Thailand.

7 216 Timor-Leste ..217 Togo .. 218 Tonga .. 219 Trinidad and Tobago .. 220 7 WORLD ECONOMIC LEAGUE TABLE 2021 WORLD ECONOMIC LEAGUE TABLE 2021 Tunisia ..221 Turkey .. 222 Turkmenistan .. 224 Tuvalu .. 225 Uganda .. 226 Ukraine .. 227 United Arab Emirates .. 228 United Kingdom .. 229 United States .. 231 Uruguay .. 232 Uzbekistan .. 233 Vanuatu .. 234 Vietnam .. 235 West Bank and Gaza .. 236 Yemen .. 237 Zambia .. 238 Zimbabwe .. 239 8 WORLD ECONOMIC LEAGUE TABLE 2021 WORLD ECONOMIC LEAGUE TABLE 2021 Introduction A greener and more tech based WORLD This introduction sets out some of the key underlying themes in the report and some of the major changes since last year.

8 Obviously, the major change compared to the last edition of the WELT is the effect of the Covid-19 pandemic. We estimate that this has had a $6 trillion GDP cost in 2020. While virtually all countries have been affected by the pandemic, one of its impacts has been to redistribute ECONOMIC momentum between countries with Asia doing best and Europe worst. As a result, the Chinese economy is now forecast to overtake the US economy in 2028, five years earlier than in 2033 as we previously forecast. India has been knocked off course somewhat through the impact of the pandemic.

9 As a result, after overtaking the UK in 2019, the UK overtakes India again in this year s forecasts and stays ahead till 2024 before India takes over again. Covid-19 and its effects This hasn t been the best of years for ECONOMIC forecasters. Covid-19 has wrought havoc not only with people and societies but also with economies. At the time of writing million people worldwide have died of the disease. This compares with million people estimated to have died from Asian flu in 1957 and between 1 million and 4 million deaths globally from the flu pandemic of 1968.

10 It remains on a different scale from the so-called Spanish flu in 1918 which is estimated to have killed 50 million, many victims no doubt weakened from the privations associated with the First WORLD War. Amid such human tragedy focussing on the ECONOMIC aspects may seem inappropriate but these effects matter and will affect the welfare of billions of people going forward. The pandemic hit to the WORLD economy in 2020 can be seen from Figure 1 which shows the difference between the WORLD nominal GDP forecasts from last year s WELT and this year s. The gap for 2020 is $6 trillion.