Pakistan is now world’s 40th largest economy
Updated: Pakistan is world’s 40th largest economy by Gross Domestic Product (GDP) ranking, an IMF (International Monetary Fund) ranking reveals.
Based on 2015 IMF figures, with a population of 190 million, Pakistan’s GDP stands at $270 billion.
According to 2014 World Bank figures, with a population of 185 million, Pakistan’s GDP stood at $247 billion.
By GDP purchasing power parity (PPP) ranking, Pakistan stands at No 24, according to World Bank 2014 report. Our GDP PPP is $982 billion. In 2017, our GDP PPP is forecasted to cross the $1-trillion-mark.
This is how we grew in GDP, current since 2003. In 2015, our GDP was $270 billion.
Have you seen CPEC & OBOR stories on this blog?
China-Pakistan Economic Corridor: A timeline
16 CPEC projects in Balochistan, 8 in KPK: Chinese Embassy
Chinese Embassy shares progress on CPEC projects
40 CPEC projects in 4 photos & 60 seconds
CPEC gets 4-layer security as Gwadar to be weapon-free
China’s world-reshaping One Belt, One Road (OBOR)
Here is a list of some familiar economies Pakistan is ahead of in 2015:
43 Ireland ($238B)
45 Bangladesh ($206B)
47 Greece ($195B)
49 Vietnam ($191B)
50 Qatar ($185B)
53 Kazakhstan ($173B)
55 New Zealand ($172B)
56 Iraq ($170B)
57 Kuwait ($121B)
Pakistan ranking in all the four 2015 lists: IMF, World Bank, United Nations, CIA Factbook.
Harvard predicts Pakistan GDP to grow by 5% over next 10 years
Pakistan is the world’s fastest-growing Muslim economy: The Economist
Pakistan GDP set to grow by 5.3% by 2020: IMF
Pakistan outperforms 26 frontier and emerging markets in 2016: Bloomberg
$10B TAPI natural gas pipeline to be operational in 2020
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
The world’s largest five economies (GDP real) are:
1 USA (GDP $18 trillion)
2 China (GDP $11 trillion)
3 Japan (GDP $4.1 trillion)
4 Germany (GDP $3.3 trillion)
5 UK (GDP $2.8 trillion)
This is how our GDP growth was – from 2003 and forecasted till 2020. In 2015, our GDP growth was 4.2 percent.
Pakistan’s travel infrastructure
Mass-transit transport in urban Pakistan starting to get a facelift
Take a Metro bus from Pindi to Islamabad and pay 20¢
Lahore awaits its Orange Line Metro Train
e-ticketing on Green Line train from Islamabad to Karachi
Karachi to get Green Line bus service by end-2017
Karachi may have Yellow Line bus service in 2 years
Fascinating: Multan to have its own Metro bus soon
According to a conservative estimate by PriceWaterhouseCooper (PwC), Pakistan (now at 26) will be 15th largest economy by GDP (PPP) in 2050.
A PwC graphic below:
With a GDP of $2.1 trillion currently, our South Asia neighbour India is at No 7.
The ranking of some significant Muslim countries ahead of Pakistan is below:
Indonesia ($859B) at No 16
Turkey ($733B) at No 18
Saudi Arabia ($653B) at No 20
Nigeria ($490B) at No 24
Iran ($388B) at No 29
UAE ($345B) at No 31
Egypt ($330B) at No 32
Malaysia ($296B) at No 34
The world’s combined GDP is $73 trillion.
According to 2050 projections by HSBC bank, Pakistan economy is likely to grow by 5 percent by 2050. An HSBC graph below:
By 2050, with an estimated GDP of $3.33 trillion, Pakistan is expected to become the world’s 18th largest economy, according to Goldman Sachs.
A BBC graphic below.
More on this: Back to the future: Pakistan in 2050
See also, some other indices on Pakistan:
Pakistani passport ranked second worst for international travel
Pakistan 11th strongest military in the world
Pakistan’s global competitiveness – in 11 photos
Pakistan among top 10 global improvers in World Bank’s 2017 Doing Business rankings
Pakistan at rock bottom in Human Capital Index
Pakistan ranks 5th in terrorism-affected countries list
Pakistan world’s 14th most fragile country
As S Asia ups economic game, Pakistan risks falling behind: WSJ. The question is why?
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
2025 forecast: In medium term, by 2025, Pakistan will be world’s 23rd largest economy. Pakistan’s GDP (PPP) in 2025 will be $1.25 trillion and GDP Nominal will be $484 billion.
2020 forecast: Here’s how Pakistan’s economic performance has been since 1980 on three measures – 1) GDP, 2) GDP PPP and 3) GDP growth:
Do not miss our Understanding Pakistan Series
According to PriceWaterhouseCooper (PwC), growth in emerging economies will outpace growth in developed nations over the coming decade.
The graphic above shows Pakistan and other N11 emerging economies growing better than G7 nations.