"Colombia to be one of the 30 largest economies by 2050"

This morning I read an article in one of Colombia´s online newspapers, about how Colombia´s economy is projected to be one of the 30 largest in the world by the year 2050, according to HSBC Bank.

For a country to be considered in the group of 30... they need to have grow rate projections of 4% of higher. Colombia is projected to grow 4.5% each year to start then between the years 2020-2040 it is projected between 4.2-4.1%, then finally for the last 10 years a growth rate around 4%.

By the year 2050... Here is the breakdown to what may very well be the top 10 largest economies in the world:

1. China
2. United States
3. India
4. Japan
5. Germany
6. United Kingdom
7. Brazil
8. Mexico
9. France
10. Canada

Though its not a surprise to see the above countries in their respective places, it is interesting to note that out of the 30 countries in the projection forecast, 19 of them are emergent countries. The article then goes into explaining about BRIC (Brazil, Russia, India, China) and CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, South Africa)... which are the two most popular groups of emergent countries (also something Ive written about before in my blog).

It looks like Colombia has a positive and healthy economic future. I hope that not only Colombia´s economy can change and grow but also the world view and its reputation about the country can change as well. Therefore, further changing people´s perception on what was once a dangerous and unsafe country, to what is now a happy, exciting, and growing place. Watch out world, Colombia has something to prove.


If youre interested in reading the article, here is the link. Be forewarned... the article is in Spanish... so if you dont speak the language, you can always use Google Translate! :)
http://www.portafolio.co/economia/colombia-seria-una-las-30-mayores-economias-2050