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Logistic Forecasting Of Gdp Competitiveness

Author

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  • ARNAB K. RAY

    (Dhirubhai Ambani Institute of Information and Communication Technology, Gandhinagar 382007, Gujarat, India)

Abstract

The growth of the nominal Gross Domestic Product (GDP) of national economies is modeled by the logistic function. Applying it on the GDP data of the World Bank till the year 2020, we forecast the outcome of the competitive GDP growth of Japan, Germany, the UK and India, all of whose current GDPs are very close to one another. Fulfilling one of the predictions, the GDP of India overtook the GDP of the UK in 2022. We further forecast that in 2047 the GDP of India will exceed the GDPs of both Japan and Germany. When trade saturates, large and populous countries (like India) have the benefit of high domestic consumption to propel their GDP growth.

Suggested Citation

  • Arnab K. Ray, 2024. "Logistic Forecasting Of Gdp Competitiveness," Global Economy Journal (GEJ), World Scientific Publishing Co. Pte. Ltd., vol. 24(01n04), pages 1-14, December.
    • Handle: RePEc:wsi:gejxxx:v:24:y:2024:i:01n04:n:s2194565924500088
    DOI: 10.1142/S2194565924500088
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