Goldman Sachs has announced the latest report on BRICS economies, Business Insider posted, in which Vietnam’s income per capita is predicted at around 20,000 by 2040.
The report also forecast the average GDP per person of G-7 (US, UK, France, Japan, Canada, Italy and Germany) and BRICs (Brazil, Russia, India, China and South Africa).
In the report, Goldman Sachs concerned 11 nations of N-11, including Vietnam, Mexico, Nigeria, Egypt, Turkey, Iran, Pakistan, Bangladesh, Indonesia, South Korea and Philippines as well.
Accordingly, by 2050, US will lead the world in terms of income per capita with estimated level of $80,000-90,000 per person per year, followed by Canada with $80,000, UK at below $80,000 and France at $75,000 per person per year.
The global financial institution assessed that BRICs group is the pillar of world economic growth for the future, notably Russia’s income per capita will be around $60,000 by 2050, Brazil’s at $50,000, China $40,000 and India at below $20,000 per person a year.