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.
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 News: Wali 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:
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.
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:
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The four world economies ahead of us are, in this order:
We are ahead of large Muslim economies, like:
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:
Which country has the worst air pollution? | Hint: Pakistan
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