The Centre for Economics and Business Research (CEBR) is a world leading economic forecaster and analyst.
One of its prominent pieces of work is its annual World Economic League Table which it produces to rank the strongest economies in the globe.
Its data takes into consideration 191 countries and its current estimates have been predicted for as far into the future as 2036.
To date, it’s produced 13 editions of this table, including the latest which gives rankings for 2022.
Below we take a look at which countries make the top 50, as well as where the UK ranks on the global stage.
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Accordingly, the top 50 global economies, for 2022, are listed in order below:
- United States
- United Kingdom
- Saudi Arabia
- South Africa
- United Arab Emirates
- Hong Kong
- Czech Republic
- New Zealand
Looking forward to next year, CEBR predicts global GDP will reach $100 trillion for the first time.
This is despite the ongoing Covid pandemic which has adversely impacted practically all of the world’s economies.
Looking back on 2021 the company estimates that the scale of the economic hit from the pandemic in 2020 seems to have been a little less severe.
Now it suggests that world GDP only fell by 3.2 percent in that year compared with the 4.4 percent fall that had been calculated a year earlier.
Furthermore, world growth is expected to increase at a rate of 4.2 percent next year thanks to positive momentum coming off the back of 2021.