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The E7 (short for "Emerging 7") is the seven countries China, India, Brazil, Turkey, Russia, Mexico and Indonesia, grouped together because of their major
emerging economies An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were ...
. The term was coined by the economists John Hawksworth and Gordon Cookson at
PricewaterhouseCoopers PricewaterhouseCoopers is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounti ...
in 2006. The growth of the E7 countries has been characterized in comparison with its size versus the
Group of Seven The Group of Seven (G7) is an intergovernmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non-enumerated member". It is officiall ...
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. By 2014, the E7 countries had passed the G7 countries based on
purchasing power parity Purchasing power parity (PPP) is the measurement of prices in different countries that uses the prices of specific goods to compare the absolute purchasing power of the countries' currencies. PPP is effectively the ratio of the price of a bask ...
terms. Other estimates said the E7 were 80% of the G7 in 2016 in PPP. In 2016, another prediction estimated that the E7's economies would be larger than the G7 in 2030. PwC predicted that the E7 could be 75% larger than the G7 in PPP terms by 2050.


List

The following table is an estimate for largest 10 economies by nominal GDP using PPP exchange rates for 2030 made by UK based
Standard Chartered Standard Chartered plc is a multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 9 ...
.
Below are the E7 countries and their predicted economies in 2050 as predicted by
Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, Ho ...
:


See also

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BRIC BRIC is a grouping acronym referring to the developing countries of Brazil, Russia, India, and China, which are identified as rising economic powers. It is typically rendered as "the BRIC," "the BRIC countries," "the BRIC economies," or alte ...
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EAGLEs Eagle is the common name for many large birds of prey of the family Accipitridae. Eagles belong to several groups of genera, some of which are closely related. Most of the 68 species of eagle are from Eurasia and Africa. Outside this area, jus ...
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Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, Ho ...
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G6 (EU) The G6 (Group of Six) in the European Union was an unofficial group of the interior ministers of the six European Union member states—France, Germany, Italy, Poland, Spain, and the United Kingdom—with the largest populations and thus w ...
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Group of Eight The Group of Eight (G8) was an inter-governmental political forum from 1997 until 2014. It had formed from incorporating Russia into the Group of Seven, or G7, and returned to its previous name after Russia left in 2014. The forum originate ...
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G20 The G20 or Group of Twenty is an intergovernmental forum comprising 19 countries and the European Union (EU). It works to address major issues related to the global economy, such as international financial stability, climate change mitigatio ...


References

Intergovernmental organizations 2000s economic history Economic country classifications {{int-org-stub