UK-based bank Standard Chartered has expected Egypt to rank the 7th among the world’s top ten economies by 2030 at a total gross domestic product (GDP) value of USD 8.2 trln, Invest-Gate reports.

The giant international bank projected the current emerging markets, including Egypt, to grow markedly within the next couple of years, representing seven of the top ten economies by 2030, Bloomberg recently reported, citing the giant international bank.

Standard Chartered sees a significant rise in the world’s total GDP, basing its forecasts of the top ten economies by 2030 on the purchasing power parity (ppp), exchange rates, and the nominal GDP figures.

The bank further forecasts China to top the list at a GDP value of USD 64.2 trln, while expecting the Indian economy to outperform the US counterpart and mark the world’s second economy at a total GDP value of USD 46.3 trln.

“Our long-term growth forecasts are underpinned by one key principle: countries’ share of world GDP should eventually converge with their share of the world’s population, driven by the convergence of per-capita GDP between advanced and emerging economies,” according to a note by Standard Chartered’s economists.