According to IMF data, the United Kingdom's share of global GDP measured by purchasing power parity (PPP) has declined from 4% in 1988 to 2.1% in 2025. Similarly, the combined share of France, Germany, Italy, Japan, and the UK decreased from 37% in 1990 to 16% in 2025, while the United States maintained a steady 26% share during the same period. Japan's share dropped from 8.8% in 1990 to 3.2% in 2025, whereas India's share increased significantly from 3.4% to 8.5%. Indonesia's share also rose from 1.7% in 2000 to 2.5% in 2025. Goldman Sachs projects that by 2075, China will lead the global economy with $57 trillion, followed by India at $52.5 trillion and the United States at $51.5 trillion. Other economies forecasted to be among the largest in 2075 include Indonesia ($13.7 trillion), Nigeria ($13.1 trillion), Pakistan ($12.3 trillion), Egypt ($10.4 trillion), and Brazil ($8.7 trillion). Meanwhile, the UK economy was revised to have grown 0.3% in 2023, down from an earlier estimate of 0.4%, but overall the economy was 2.2% above its pre-pandemic peak by the end of 2023, an upward revision from the previous 1.9%. In Latin America, Peru's economy grew 3.3% in the first half of 2025, with a 4.25% year-on-year increase in June. Chile's economy expanded 3.1% in the second quarter of 2025. Additionally, Argentina reported a 41% year-on-year increase in its primary fiscal surplus in July 2025, resulting in a primary surplus of approximately 1.1% of GDP for the first seven months of the year, despite a financial deficit due to interest and bonus payments.
UK Economy Now 2.2% Higher Than Pre-Pandemic Peak, Up from 1.9% 🇬🇧
UK 2023 GDP revised to 0.3% from 0.4%, upward revision to 2022.
UK ONS: At The End Of 2023, The Economy Was 2.2% Above Its Pre-Pandemic Peak, Revised Up From Previous Estimate Of 1.9% https://t.co/56e5UQq123