E7 (countries)

The E7 (short for "Emerging 7") is the seven countries Brazil , China , India , Indonesia, Mexico, Russia and Turkey, grouped together because of their major emerging economies.^[1] The term was coined by the economists John Hawksworth and Gordon Cookson at PricewaterhouseCoopers in 2006.^[2]

The growth of the E7 countries has been characterized in comparison with its size versus the Group of Seven countries, which had made up many of the largest economies in the world in the 20th century. In 2011, the E7 were predicted to have larger economies than the G7 countries by 2020.^[3] By 2014, the E7 countries had passed the G7 countries based on purchasing power parity terms.^[4] Other estimates said the E7 were 80% of the G7 in 2016 in PPP.^[5] In 2016, another prediction estimated that the E7's economies would be larger than the G7 in 2030.^[6] PwC predicted that the E7 could be 75% larger than the G7 in PPP terms by 2050.^[7]

List

E7 countries.

The following table is an estimate for largest 10 economies by nominal GDP using PPP exchange rates for 2030 made by United Kingdom based Standard Chartered.^[8]

Rank	Country	2030
1	China	64.2
2	India	46.3
3	United States	31.0
4	Indonesia	10.1
5	Turkey	9.1
6	Brazil	8.6
7	Russia	7.9
8	Japan	7.2
9	Germany	6.9
10	Egypt	6.1

Below are the E7 countries and their predicted economies in 2050^[9][10] as predicted by Goldman Sachs:

Economy in 2050

Country	Economy in United States dollar (billions)
China	70,710
India	37,668
Brazil	11,366
Mexico	9,340
Russia	8,580
Indonesia	7,010
Turkey	6,943

See also

• BRIC
• EAGLEs
• Goldman Sachs
• G6 (EU)
• Group of Eight
• G20

References

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