Pakistan is the world’s fastest-growing Muslim economy: The Economist

Pakistan is the world's fastest-growing Muslim economy

UPDATED 6 Sept 2016: Pakistan has been forecasted to be the world’s fastest-growing Muslim economy ahead of Indonesia and Malaysia, according to London’s The Economist magazine.

Pakistan’s GDP growth is nearly double the 2.7% GDP growth of Israel.

This makes Pakistan to be world’s 5th fastest growing economy in the world, only behind India and China and two other countries.

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In an interactive table of economic and financial indicators published on The Economist website, live data which is updated twice-daily, Pakistan GDP is forecast to be growing at 5.7% in 2016.

This data reinforces a Harvard University study forecasting Pakistan to grow by more than 5% in the next decade. See Harvard predicts Pakistan GDP to grow by 5% over next 10 years.

This data is also higlighted in the 14 August piece in Pakistan’s largest-selling English-language daily, The NewsWali on The Pakistan 2050 Opportunity

The data was also mentioned by this writer in a show on Business Plus TV on Pakistan of future. Link below:

VIDEO: Pakistan is the fastest-growing Muslim economy

For 2017, we are forecasted to grow at 5.1%, which is lower than the current growth rate.

It is time that Finance Minister Ishaq Dar takes steps to put economy on the path of irreversible growth.

In the 2014 forecast by The Economist, Pakistan was world’s 6th fastest-growing country.

Pakistan is less corrupt than last year. This is good news. What’s the bad news?

Pakistan world’s least expensive country: World Bank

Pakistan petrol prices 18th lowest in the world

August 2016 update: When you view The Economist interactive data, country ranking may change as we change the parameter or filter.

Case in point: In June update, Pakistan lagged behind Malaysia and Indonesia’s growth rates. In August, Pakistan was back to fastest-growing Muslim-economy status (see latest chart below).

Pakistan: The brighter side:

Forbes calls Pakistan the next Colombia success story, asks US to see beyond security lens

China-Pakistan Economic Corridor projects pick up pace

$46B China-Pakistan Economic Corridor: 15 years, 3 routes, 51 projects

$7.6B 1,800km TAPI gas pipeline to be operational in 2018

Bloomberg on Pakistan’s economic revival, construction boom

Next year, Pakistan may upgrade to emerging-market status: WSJ

Naya Pakistan: Travel from Pindi to Islamabad in 20¢ in wifi-ed AC bus

Rs 154B Orange Line Metro Train for Lahore

Green Line train from Islamabad to Karachi with free wifi

Groundbreaking of Karachi’s Green Line Bus project

Pakistan is enjoying a rare period of optimism: The Economist

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The four world economies ahead of us are, in this order:

India (7.4%)

China (6.5%)

Philippines (6.0%)

Vietnam (5.8%)

We are ahead of large Muslim economies, like:

Indonesia (5.0%)

Malaysia (4.3%)

Turkey (3.4%)

Egypt (3.2%)

All of these except Malaysia are going to be among the top 20 economies in the world in 2050.

We are nearly double the GDP growth of Israel (2.7%).

See also, some other indices on Pakistan:

Pakistani passport ranked second worst for international travel

Everything about Pakistan’s competitiveness – in 10 photos

Pakistan 15th most powerful military in the world

In World Bank’s 2016 Doing Business Report, Pakistan ranks 138

Pakistan at rock bottom in Human Capital Index 2015

Pakistan is now world’s 40th largest economy

Pakistan ranks 5th in terrorism-affected countries list

Pakistan 10th most fragile country

As S Asia ups economic game, Pakistan risks falling behind: WSJ. The question is why?

Pakistan #106 in Good Country Index

91% Pakistanis have access to drinking water: Unicef/WHO

Pakistan 65th most vulnerable country to face climate change

Which country has the worst air pollution? | Hint: Pakistan

Do not miss our Understanding Pakistan Series

Wali on The Pakistan 2050 Opportunity

Wali on Pakistan of future

A miracle: Pakistan score in Long Term Orientation goes from Zero to 50

Pakistani culture through 6-D Model

Native languages in Pakistan

How future oriented are we?

How we messed up Pakistan: A series by Wali

Pakistan’s two value crimes no one talks about

What Pakistan needs is not education but a Project Ignorance


    1. Did you watch the decision of government that no new borrowing program for Pakistan from now onward. You may see a very strong impact on economy in 3-5 years when coming years will observe annual drop in debt payments. So Pakistan will turn into a welfare state during second regime of nawaz sharif between 2018-2023.

      1. Yes dummy, anyone who gives you loan also give you grace period to payback, thats why gov. Decided not to take more loan in that grace period but what gonna happen when they would ask for paying back their money with heavy interest after 1.5 year which is grace period? Stop makin these fake growth articles

  1. I think this is all due to the positive policies of the present Government. Sooner, if Pakistan recovered its energy deficit it’s industrial growth made Pakistan the number one in Muslim countries.
    This article is outstanding based on latest research data. Congrats Mr. Zahid Wali..please keep it up.

  2. I am not an economist and don’t have a vast vision like Asad user and the writer of this article Mr Wali. But iam a simple Pakistani, always wishing for the prosperity of Pakistan. Unfortunately after traveling in KPK, the changed Pakistan, punjab and the capital, things have changed and going in right direction. But issues like honor killings, polio, ransom kidnappings major power break downs, different laws and subsequent rewards and punishments according to wealth and status etc etc are really painful. The human value has gone down to jungle laws.. If humanity is not there than I think we are not into any growing stature. I m sorry being pessimistic but honestly speaking the human values have really ruined in last twenty years and the rate of disorder is too fast and irreversible. May Allah guide us to be a human first than a ruler like khan or sharif… Pakistan zindabaad.

  3. In correct information with no references. The govt itself has announced gdp growth of 4.7% and that too with a lot of criticism of fabricating numbers.
    How can an economy grow to 4.7% when the backbone (agrocilture) has shown negative growth

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