Nigeria projected to become world's 5th largest economy by 2075
A new report on world economies has predicted that Nigeria could become the world’s 5th largest economy by 2075.
The report titled “25 largest economies in the World by 2075” produced by leading global investment bank Goldman Sachs indicated that the country may attain a Gross Domestic Product (GDP) of $13.1 trillion by the projected year.
Nigeria was placed 5th after countries like China, India, the U.S., and Indonesia which are projected to lead world economies.
The West African country’s position puts it ahead of Pakistan, Egypt, Brazil, Germany, and the UK respectively.
The estimations were made based on long-term real exchange rate projections to predict the real U.S. Dollar value of major economies over time.
Per their projections, China will take over the US as the world’s largest economy by 2035, and by 2050, the world's largest economies will be China, the U.S., India, Indonesia, and Germany.
