Emerging Markets climbing world bank GDP Rankings

The world’s leading Emerging Markets (EMs) are moving rapidly up the World Bank’s latest GDP rankings in PPP terms (purchase power parity) as well as the annual foreign direct investment (FDI) confidence ranking, according to management consultancy Kearney, and are starting to directly compete with the world’s leading Developed Markets (DMs).

One of the surprises from the new World Bank data is that it predicts Russia, which is currently the fifth largest economy in the world after overtaking Germany last summer, will overtake Japan this year to become the fourth largest economy, worth $5.9 trillion. That will also push Germany down the ranking even further to seventh place, after Indonesia also overtook Germany in size last year. The Asian country was worth $5.1 trillion at the end of 2023.

Half of the world’s largest economies in PPP terms are from the EMs, although they are not expected to start overtaking the DMs in nominal terms until sometime around 2050.

Fidelity Emerging Markets Limited (LON:FEML) is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.

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