World Economic League Table 2018 – released on 26 December 2017
The latest World Economic League Table (WELT) for 2018 provides clear insight into the world economy and the growth prospects and rankings for each of 192 countries to 2032 and is published by the Centre for Economics and Business Research with Global Construction Perspectives and is sponsored by the Chartered Institute of Building. WELT 2018 comprises a report giving forecasts for growth in all countries to 2032 as well as forecasts for inflation and currency exchange and gives analysis of the main drivers for growth. A separately available database provides annual data for each of 192 countries over 30 years from 2002 to 2032. Data is given in both local currency and in USD and is supplied on an Excel platform for analysis. The data is unique in covering 192 countries to 2032. In WELT 2018 we outline the prospects for infrastructure and construction for key economies and regions globally.
The World Economic League Table is coveted for its insightful analysis and long-range forecasts that give confidence to business decision making.
We are delighted that WELT2018 is sponsored for a second year by the Chartered Institute of Building which is the world’s largest and most influential professional body for construction management and leadership with almost 50,000 members in more than 100 countries globally.
This year we are also delighted that six new companies – AON, Autodesk, CRH, Ghella, HKA and RLB – are Sponsors for WELT2018. Separate company profiles contained in WELT2018 provide insight into each of these new Sponsors. The additional support from our new Sponsors is very much welcomed and is a valuable addition to WELT2018.
This year’s World Economic League Table has been produced at a time of significant change for the world’s economies and for the construction and engineering sector which is important to growth, productivity and employment for economies in both the developing and developed parts of the world. Global mega projects such as the Chinese Belt and Road Initiative and the Indian infrastructural project that will rebuild the world’s second most populous country are likely to change the shape of the world economy.
The World Economic League Table 2018 gives a ranking of the world’s developed and emerging economies by Gross Domestic Product (GDP) measured in US dollars at market prices to 2032.
To ensure comparability, national output in ‘current US dollars at market exchange rates’ is used – this is a measure of real money rather than statistical constructs such as purchasing power parity or inflation-adjusted prices.
The World Economic League Table 2018 is constructed from long-term country-specific forecasts accounting for 99.8% of world GDP and also looks at near-term developments to seize upon important events.
The Report provides analysis and tables for each country in an accessible format.
A separately available database provides detailed annual data and forecasts to 2032 for GDP, inflation and exchange rates in Excel format for analysis. Data is provided in US dollars in constant prices as well as current prices and includes local currency growth in fixed prices and levels in current prices. Historical data from IMF World Economic Outlook is included for reference.
News coverage of the World Economic League Table published in previous years by the Centre for Economics and Business Research is covered by a large number of leading international press and media including Financial Times, BBC, Sky News, Forbes, The China Post, Die Welt, Le Figaro, The Times and many thousands of news broadcasters globally.
In recent years the World Economic League Table has annually received a huge volume of attention in the press and media in these countries:
Algeria, Argentina, Australia, Bangladesh, Benin, Bolivia, Brazil, Brunei, Burkina Faso, Cameroon, Canada, Chile, China, Colombia, Costa Rica, Cote D’Ivoire, Democratic Republic of Congo, Egypt, Ethiopia, France, Germany, Ghana, Greece, Guatemala, Guyana, India, Indonesia, Iran, Jamaica, Kenya, Lebanon, Libya, Malaysia, Malta, Mauritius, Mexico, Morocco, Namibia, Nepal, Netherlands, New Zealand, Nigeria, Oman, Pakistan, Panama, Paraguay, Peru, Portugal, Puerto Rico, Qatar, Romania, Russia, Saudi Arabia, Senegal, Somalia, South Africa, Spain, Switzerland, Thailand, Tunisia, UAE, Uganda, UK, Uruguay, USA, Venezuela, Vietnam, Yemen, Zambia and Zimbabwe.