Bangladesh’s economy could reach $677 billion by 2030, potentially surpassing the economies of Malaysia, Vietnam and Thailand in terms of nominal gross domestic product (GDP), according to a forecast by the International Monetary Fund (IMF).

The projection was highlighted in Visual Capitalist’s report titled “The $150 Trillion Global Economy in 2030,” based on data from the IMF’s World Economic Outlook.

The IMF expects the global economy to continue expanding over the next four years, with its size projected to exceed $150 trillion by 2030. Emerging Asian economies are expected to play a significant role in this growth.

The United States is projected to remain the world’s largest economy in 2030, with a nominal GDP of $37.7 trillion, followed by China at $26 trillion. Germany is expected to rank third with an economy of around $6.2 trillion.

India is projected to come close to Germany by 2030. Germany’s GDP could reach $6.178 trillion, while India’s may stand at $6.173 trillion, leaving a gap of only $5 billion.

If current growth trends continue, India could overtake Germany in nominal GDP terms. On a purchasing power parity (PPP) basis, however, India’s economy is already nearly three times larger than Germany’s.

Asia and the Middle East are expected to account for a combined economic output of $55.7 trillion by 2030, representing more than one-third of the global economy.

Japan is projected to remain Asia’s third-largest economy after China and India, with a GDP of around $5 trillion. South Korea and Indonesia are expected to follow, with economies of approximately $2.3 trillion and $2.1 trillion, respectively.

Meanwhile, Europe’s combined economy could reach $37 trillion by 2030, accounting for about one-fifth of global economic output. The European Union’s combined nominal GDP is projected to reach $26.5 trillion, led by Germany, France and Italy.

Outside the European Union, the United Kingdom is expected to remain Europe’s largest economy, with a projected GDP of $5.1 trillion, followed by Russia at $2.6 trillion.

However, Russia’s economy could contract between 2026 and 2030, making it one of the few major economies expected to shrink during the period.