The global economic order is stitched together by trade and economic collaboration, but these show signs of fraying.
With nationalism on the rise and cross-border trade flows stagnating, economies are growing more protectionist. At the same time, demographic shifts are driving economic growth and productivity in India and Asia, which could shift the global power balance.
Methodology
Dalio assessed each nation's strength based on a wide range of metrics including the following:
- Education
- Innovation and Technology
- Cost Competitiveness
- Economic Output
- Military Strength
Key Takeaways
- The U.S. maintains its status as the world's leading superpower, thanks to its dominance in global financial markets, reserve currency status, and technological innovation
- As the world's largest exporter, China follows next, driven by its strength in trade and economic output
- India, ranking in 7th, is projected to see the fastest real GDP growth over the next decade across countries analyzed
This graphic ranks world superpowers in 2024, based on analysis from Ray Dalio’s Great Powers Index 2024.
https://www.visualcapitalist.com/ranking-the-worlds-superpowers-in-2024/
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