This statistic shows the projected top ten largest national economies in 2050. By 2050, China is forecasted to have a gross domestic product of over ** trillion U.S. dollars.
The statistic depicts U.S. health expenditure as a percentage of the GDP from 2007 to 2009, and a forecast for 2050. In 2009, U.S. health expenditure accounted for 18 percent of the GDP.
Under current climate policies, Morocco would face a GDP loss of ** percent by 2050 and a shrinkage of ** percent by 2100 due to climate change. According to the source's estimates, in a scenario of limiting temperatures to *** degrees Celsius, the damage to Morocco's economy would stand at a GDP reduction of ***** percent by 2050 and ** percent by 2100. The estimates did not consider potential adaptation measures that could alleviate the economic loss.
Under current climate policies, Kenya would face a GDP loss of ** percent by 2050 and a shrinkage of around ** percent by 2100 due to climate change. According to the source's estimates, in a scenario of limiting temperatures to *** degrees Celsius, the damage to Kenya's economy would stand at a GDP reduction of **** percent by 2050 and ** percent by 2100. The estimates did not consider potential adaptation measures that could alleviate the economic loss.
Under current climate policies, Sudan would face a GDP loss of ** percent by 2050 and a shrinkage of over ** percent by 2100 due to climate change. According to the source's estimates, this would be the most significant loss among all assessed countries in Africa. Even in a scenario of limiting temperatures to *** degrees Celsius, the damage to Sudan's economy would stand at a GDP reduction of ** percent by 2050 and ** percent by 2100. Eight out of 10 countries estimated to record the largest GDP reduction because of climate change globally were located in Africa. The estimates did not consider potential adaptation measures to alleviate the economic loss.
The impact of climate change has been forecasted to affect the economies of South-East Asian Nations (ASEAN) the hardest. The maximum projected loss incurred by the ASEAN in the event of a 3.2°C temperature rise is 37.4 percent. This is more than double the forecast loss of the Advanced Asia economies and 10 percent higher than the next largest forecast loss of the Middle East & Africa.
This statistic indicates that range of variation in GDP, based on climate change impacts in 2050, broken down by region. It is predicted that in 2050 climate change impacts in the Middle East will lead to a decrease between 6 and 14 percent of the region's GDP.
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This statistic shows the total GDP of the countries who formed the G7 and the E7 in 2015, alongside a project for the year 2050. The G7 includes; the United States, Japan, Germany, The United Kingdom, France, Italy, and Canada. The E7 includes; China, India, Brazil, Russia, Indonesia, Mexico, and Turkey. The projected GDP total of the E7 countries for 2050 was ***** trillion U.S. dollars.
Roughly 12 percent of the annual GDP of lower income countries worldwide in 2050 could be at risk of loss due to exposure to climate hazards, in a slow transition scenario without adaptation measures. Extreme heat and water stress are forecast to have the biggest impact, at 4.7 and 3.2 percent, respectively. In contrast, in upper income countries, the same hazards would put less than one percent of the annual GDP at risk. Nevertheless, climate hazards would still put almost three percent of upper income countries' GDP at risk by 2050, in a no-adaptation scenario.
Under current climate policies, Ethiopia would face a GDP loss of ** percent by 2050 and a shrinkage of over ** percent by 2100 due to climate change. According to the source's estimates, in a scenario of limiting temperatures to *** degrees Celsius, the damage to Ethiopia's economy would stand at a GDP reduction of **** percent by 2050 and ** percent by 2100. The estimates did not consider potential adaptation measures to alleviate the economic loss.
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EIA Projection: Real GDP data was reported at 32,006.383 USD bn in 2050. This records an increase from the previous number of 31,460.225 USD bn for 2049. EIA Projection: Real GDP data is updated yearly, averaging 23,236.614 USD bn from Dec 2015 (Median) to 2050, with 36 observations. The data reached an all-time high of 32,006.383 USD bn in 2050 and a record low of 16,397.199 USD bn in 2015. EIA Projection: Real GDP data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.A019: NIPA 2018: GDP by Expenditure: Constant Price: Annual: Projection: Energy Information Administration.
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United States EIA Projection: Real GDP: Investment data was reported at 5,343.151 USD bn in 2050. This records an increase from the previous number of 5,229.798 USD bn for 2049. United States EIA Projection: Real GDP: Investment data is updated yearly, averaging 3,579.812 USD bn from Dec 2015 (Median) to 2050, with 36 observations. The data reached an all-time high of 5,343.151 USD bn in 2050 and a record low of 2,210.425 USD bn in 2016. United States EIA Projection: Real GDP: Investment data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.A019: NIPA 2018: GDP by Expenditure: Constant Price: Annual: Projection: Energy Information Administration.
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Brazil Forecast: Infrastructure Investments to(GDP) Gross Domestic ProductRatio: Transformation data was reported at 1.805 % in 2050. This records a decrease from the previous number of 1.807 % for 2049. Brazil Forecast: Infrastructure Investments to(GDP) Gross Domestic ProductRatio: Transformation data is updated yearly, averaging 2.504 % from Dec 2021 (Median) to 2050, with 30 observations. The data reached an all-time high of 3.154 % in 2026 and a record low of 1.805 % in 2050. Brazil Forecast: Infrastructure Investments to(GDP) Gross Domestic ProductRatio: Transformation data remains active status in CEIC and is reported by Ministry of Development, Industry, Trade and Services. The data is categorized under Brazil Premium Database’s Investment – Table BR.OG003: Infrastructure Investments: Forecast.
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United States EIA Projection: Real GDP: Government Spending data was reported at 3,577.507 USD bn in 2050. This records an increase from the previous number of 3,549.675 USD bn for 2049. United States EIA Projection: Real GDP: Government Spending data is updated yearly, averaging 3,207.616 USD bn from Dec 2015 (Median) to 2050, with 36 observations. The data reached an all-time high of 3,577.507 USD bn in 2050 and a record low of 2,883.700 USD bn in 2015. United States EIA Projection: Real GDP: Government Spending data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.A019: NIPA 2018: GDP by Expenditure: Constant Price: Annual: Projection: Energy Information Administration.
Under current climate policies, Mozambique would face a GDP loss of ** percent by 2050 and a shrinkage of over ** percent by 2100 due to climate change. According to the source's estimates, in a scenario of limiting temperatures to *** degrees Celsius, the damage to Mozambique 's economy would stand at a GDP reduction of ** percent by 2050 and ** percent by 2100.
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This is a Microsoft Excel spreadsheet containing input data (from H-D) that were used to calibrate the IPAT model for both historical (1980–2010) and projected (2015–2050) data sets. Also shows results of the calibrated model, predicting Tj and Ij thru 2050 (historical calibration) and 2150 (projected calibration). (XLSX)
Taking 2000 as the base year, the future population scenario prediction adopted the Logistic model of population, and it not only can better describe the change pattern of population and biomass but also is widely applied in the economic field. The urbanization rate was predicted using the urbanization Logistic model. Based on the existing urbanization horizontal sequence value, the prediction model was established by acquiring the parameters in the parametric equation applying nonlinear regression. The urban population was calculated by multiplying the predicted population by the urbanization rate. The Logistic model was used to predict the future gross national product of each county (or city), and then, according to the economic development level of each county (or city) in each period (in terms of real GDP per capita), the corresponding industrial structure scenarios in each period were set, and the output value of each industry was predicted. The trend of industrial structure changing in China and the research area lagged behind the growth of GDP, so it was adjusted according to the need of the future industrial structure scenarios of the research area.
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Potential national income loss from climate risks can be computed using simple damage functions that estimate damages based on the temperature outcomes inferred from the emissions trajectories projected by the transition scenarios. Potential national income benefit from avoided climate damages can be computed by contrasting the damages estimates based on the temperature outcomes from the transition scenarios with the policy, or mitigation, costs from climate action needed to meet a particular temperature outcome.Sources: Network for Greening the Financial System (2023), Scenarios Portal; and International Institute for Applied Systems Analysis (2023), NGFS Phase 4 Scenario Explorer; IMF Staff Calculations.Category: Transition to a Low-Carbon EconomyMetadataThe framework of the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) allows to simulate, in a forward-looking fashion, the dynamics within and between the energy, land-use, economy, and climate systems. Consistent with that framework, the NGFS explores a set of seven climate scenarios, which are characterized by their overall level of physical and transition risk. The scenarios in the current Phase IV (NGFS climate scenarios data set) are Low Demand, Net Zero 2050, Below 2°C, Delayed Transition, Nationally Determined Contributions (NDCs), Current Policies, and Fragmented World. Each NGFS scenario explores a different set of assumptions for how climate policy, emissions, and temperatures evolve. To reflect the uncertainty inherent to modeling climate-related macroeconomic and financial risks, the NGFS scenarios use different models, over and above the range of scenarios. These integrated assessment models (IAMs) are, by their acronyms: GCAM, MESSAGEix-GLOBIOM, and REMIND-MAgPIE. GDP losses and benefits are derived based on the National Institute Global Econometric Model (NiGEM). NiGEM consists of individual country models for the major economies, which are linked together through trade in goods and services and integrated capital markets. Country level data (or country aggregates, whenever country level disaggregation is not present) for GDP, population, primary energy consumption by fuel type, useful energy and carbon taxes from the IAM output is used as an input into the NiGEM scenarios. Climate scenarios within NiGEM can be broadly categorized into physical and transition events. While the effects of physical and transition shocks alongside policy decisions are contemporaneous, the scenarios in NiGEM can be run in a “stacked” manner, where each scenario uses the information provided by the previous scenario as its starting point. This allows for decomposition of shocks and their effects. Results are available for three scenarios: Net Zero 2050, Delayed Transition, and Current Policies. For details please see the NGFS climate scenarios presentation, the Climate scenarios technical documentation, and the User guide for data access.MethodologyThe NGFS climate scenarios database contains information on mitigation policy costs, business confidence losses, chronic climate damages, and acute climate damages. Mitigation policy costs reflect transition risk in a narrow sense and is measured against the Current Policies scenario (for which it is zero). Business confidence losses result from unanticipated policy changes, and only in the Delayed Transition scenario. GDP losses from chronic risks arise from an increase in global mean temperature. Estimates of the macroeconomic impact of acute risks are based on physical risk modelling covering different hazards. Acute risks are modeled independent of the input IAM. Results are available at the original sources for four hazards: droughts impacting on crop yields, tropical cyclones directly damaging assets, heatwaves affecting productivity and demand, and riverine floods directly damaging assets too. Apart from floods acute risks are the result of randomized stochastic output, yielding 60th to 99th percentile GDP impacts. In accordance with the presentation of the scenario results by the NGFS, the 90th percentile has been chosen as the representative confidence bound. That way, the results are focusing on tail risk. While the choice of the percentile will lead to marked differences for the GDP losses indicator, its influence on the GDP benefits indicator is muted due to comparing like-with-like. Further, the sum of the impacts from the four hazards is taken as the acute physical risk measure; see what follows for the methodology in deriving the net benefits. Net benefits can be calculated by comparing the impact of stronger climate action to the reference scenario, the Current Policies scenario: Net Benefit = 100 * (GDP[Policy scenario] / GDP[Current Policies] – 1). GDP in either scenario can be inferred from the hypothetical baseline with no transition nor physical risk and the percentage losses due to mitigation policy (MP), business confidence (BC), chronic climate (CC), and acute climate (AC): GDP = Baseline * (1 + (MP + BC + CC + AC) / 100). Plugging this into the above equation one finds after some algebra: Net Benefit = (MP[Policy scenario] – MP[Current Policies] + BC[Policy scenario] – BC[Current Policies] + CC[Policy scenario] – CC[Current Policies] + AC[Policy scenario] – AC[Current Policies]) / (1 + (MP + BC + CC + AC)[Current Policies] / 100). Obviously, MP[Current Policies] = BC[Current Policies] = BC[Net Zero 2050] = 0. In order to achieve consistency in aggregation of the four components to the total benefit, the denominator is kept fixed, while for the individual contributions only one component at a time, MP, BC, CC, or AC, is used in the numerator. Results are presented for the 49 countries, five geographic regions covering the remainder of countries, and a global and European total. The coverage of the five remainder regions refers to the country classification of emerging market and developing economies in the IMF’s World Economic Outlook.Data series: Potential National Income Loss From Climate RisksPotential National Income Benefit From Avoided Climate Damages
Taking 2005 as the base year, the future population scenario was predicted by adopting the Logistic model of population. It not only can better describe the change pattern of population and biomass but is also widely applied in the economic field. The urbanization rate was predicted by using the urbanization Logistic model. Based on the existing urbanization horizontal sequence value, the prediction model was established by acquiring the parameters in the parametric equation by nonlinear regression. The urban population was calculated by multiplying the predicted population by the urbanization rate. The data adopted the non-agricultural population. The Logistic model was used to predict the future gross national product of each county (or city), and then, according to the economic development level of each county (or city) in each period (in terms of GDP per capita),the corresponding industrial structure scenarios in each period were set, and the output value of each industry was predicted. The trend of changes in industrial structure in China and the research area lagged behind the growth of GDP and was therefore adjusted according to the need of the future industrial structure scenarios of the research area.
This statistic shows the projected top ten largest national economies in 2050. By 2050, China is forecasted to have a gross domestic product of over ** trillion U.S. dollars.