UPDATED 14 October 2017 | Exclusive
Pakistan has been forecasted to be the world’s fastest-growing Muslim economy ahead of Indonesia, Malaysia, Turkey and Egypt, the four top contenders, according to London’s The Economist magazine.
Pakistan’s gross domestic product (GDP) growth is also ahead of 3.6 percent GDP growth of Israel.
Latest: What to expect in Pakistan in 2017
This makes Pakistan to be fifth fastest growing economy in the world, only behind India and China and two other Asian countries.
This post appeared in the widely-circulated Express Tribune on 10 January 2017. ET is an affiliate publication of New York Times. This was followed by the post being carried on all print and electronic media. A glimpse here:
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 5.4 percent in 2017.
This data reinforces a Harvard University study forecasting Pakistan to grow by nearly 6 percent in the next decade.
See Harvard predicts Pakistan GDP to grow by 6% over 10 years
This data is also highlighted in the 14 August piece in Pakistan’s largest-selling English-language daily, The News: Back to the future: Pakistan in 2050
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
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In 2017, we are forecasted to grow at 5.4 percent, which is lower than the 2016’s 5.7 percent forecasted growth rate.
Is it not the time that Finance Minister Ishaq Dar takes concrete steps to put economy on a path of irreversible growth?
In the 2014 forecast by The Economist, Pakistan was world’s 6th fastest-growing country.
In a corruption-riddled world, Pakistan is better than one-third countries: TI
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 table above, country ranking may change as you change the parameter or the 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.
More about Pakistan economy
CPEC fact sheet: 2013-2017
Harvard predicts Pakistan GDP to grow by 6% over 10 years
Pakistan GDP to grow by 5.5% by 2020: IMF
Pakistan GDP to grow at 5.5% in 2018: World Bank
Pakistan at $300B is world’s 40th largest economy
It’s the economy, stupid
The four world economies ahead of us are, in this order:
Pakistan’s travel infrastructure
Mass-transit transport in urban Pakistan taking shape
For Rs 20, take a Metro ride from Pindi to Islamabad
A bit of wait for Orange Line train launch
e-ticketing on Green Line train from Islamabad to Karachi
Karachi to get Green Line bus service by end-2017
We are ahead of large Muslim economies, like:
- Indonesia (5.2%)
- Malaysia (4.3%)
- Egypt (3.9%)
- Turkey (2.8%)
All of the above except Malaysia are going to be among the top 20 economies in the world in 2050.
Incidentally, all the top six fastest-growing economies are in Asia.
An Urdu version of this post is available here.
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