Great powers has been a designation given to countries since the time of Napoleon for countries are have military and economic strength, as well as diplomatic and soft power influence.
Italy as ranked as a great power in 2000. Italy seems like the weakest of the nations classified as great powers. Italy has a population of about 55 million and a nominal GDP of about $2 trillion. Italy spends about $26 billion each year on its military.
Canada could pass Italy in nominal GDP around 2025. Canada spends about $22 billion per year on its military and this will be increased. Canada has a population of 38.2 million and should reach 40 million in 2023 and 50 million in 2040.
South Korea has a population of 52 million and a GDP of $1.6 trillion. South Korea has a $44 billion per year military budget.
India is already past Italy in population, nominal GDP and military spending.
Mexico, Brazil, Indonesia, Russia, Vietnam, Philippines, Nigeria and Turkey should pass Italy in nominal GDP and military budgets.
Australia should reach 40 million people by 2048 and with higher per capita income should also pass Italy.
There would be around 20 nations in the Great Power category unless the bar was raised from Italy.
In 2050, the US will have a population of about 380 million which is up from 333 million today. Canada and Australia will have a combined 100 million people which will increase their share relative to the US from 19% to 26%.
SOURCES- WikipediaWritten By Brian Wang, Nextbigfuture.com
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