Our GDP is really $247.5 Billion in 2014? (I don't think so)

[BetterPakistan]

Well, according to the latest figures provided by World Bank Pakistan GDP is $247.5 Billion lol. We have a population of nearly 200 million. Business Week is a news website which has done a survey which tells that there are nearly 54 million people in Pakistan whom are working in stalls, are mechanics, technicians etc. In their survey they have stated that around $3 Billion worth of tea is being sold in Pakistan each year on these cheap tea stalls which isn't included in our GDP. I thought that 54 million people are more than 1/4 of our population and their revenues are not listen in our GDP so our GDP is much bigger than what WB has stated. Even, a lot of registered and unregistered firms are working in Pakistan which never pays tax and provide their actual revenue data so what actually our GDP could be $300 billion, $400 billion any estimation?

 

[ajpirzada]

this is called 'informal economy.' Different studies have given different figures for it. The estimate for the size of informal economy in Pakistan is between the range of 1/3rd to 2/3rd of the GDP.

Roughly, same is true for most developing countries.

 

[BetterPakistan]

this is called 'informal economy.' Different studies have given different figures for it. The estimate for the size of informal economy in Pakistan is between the range of 1/3rd to 2/3rd of the GDP.

Roughly, same is true for most developing countries.

Our GDP is informal but I also read about PPP of Pakistan. In such a worst situation the PPP of Pakistan is $884 billion dollar which is still much. Developed countries like Brazil, Russia etc have a PPP of $2+ trillion. Just thinking that if Pakistanis invest their own money in Pakistan then it can become a much powerful economy.

 

[Glorino]

Similar GDP size as Malaysia.Malaysia's population is 30 million -Pakistan population is 200 million.The only similarity between
both nations is religion-ISLAM

 

[Mr.UTurn]

Our GDP is informal but I also read about PPP of Pakistan. In such a worst situation the PPP of Pakistan is $884 billion dollar which is still much. Developed countries like Brazil, Russia etc have a PPP of $2+ trillion. Just thinking that if Pakistanis invest their own money in Pakistan then it can become a much powerful economy.

But PAK cannot get TAX on this economy

 

[ziaulislam]

rupees fall also means we loss 10-15% of GDp. say if rupee was at 95. the GDP would have been at 270s

 

[Icewolf]

pakistani GDP was 240 billion in 2013

It's around 300 billion in 2014 about double the size of bangladesh

 

[BetterPakistan]

pakistani GDP was 240 billion in 2013

It's around 300 billion in 2014 about double the size of bangladesh

According to latest data of 2014 our GDP stand at $247.5 Billion. For $300 Billion the GDP growth rate should be 30% which is impossible lol. Correct yourself you are mistaken

 

[farhan_9909]

As the GDP base year will be changed next year,expect minimum 25% increase and max 35%.

In Shot,expect a GDP no less than 370-410Billion dollars by June 2016 with a growth rate atleast 6%.

 

[BetterPakistan]

As the GDP base year will be changed next year,expect minimum 25% increase and max 35%.

In Shot,expect a GDP no less than 370-410Billion dollars by June 2016 with a growth rate atleast 6%.

Can you explain it deeply? I don't think that it's going to happen

 

[farhan_9909]

Can you explain it deeply? I don't think that it's going to happen

GDP base year will be changed next year.

Base year change was approved by the care taker govt last year but didnt happened.So will be done in 2015.

 

[BetterPakistan]

GDP base year will be changed next year.

Base year change was approved by the care taker govt last year but didnt happened.So will be done in 2015.

the question is how? who will do this?

 

[farhan_9909]

the question is how? who will do this?

Already approved by our Finance minister

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ISLAMABAD, Dec 11 (APP): Federal Minister for Finance, Economic Affairs Senator Mohammad Ishaq Dar Wednesday said government had decided to change the base year for national accounts after every ten years, and the next re-basing would be held in the financial year 2015-16.Highlighting the change of base years from time to time, the Minister said that the base year for the national account was changed in financial year 1980-81, then in the year 1999-2000 and the last base year was changed in the year 2005-06.He stated this while addressing a press conference here after presiding over the meeting of the Board of Directors of Pakistan Bureau of Statistics (PBS).

Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - Base year for national accounts to change every 10 years: Dar

 

[BetterPakistan]

Already approved by our Finance minister

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ISLAMABAD, Dec 11 (APP): Federal Minister for Finance, Economic Affairs Senator Mohammad Ishaq Dar Wednesday said government had decided to change the base year for national accounts after every ten years, and the next re-basing would be held in the financial year 2015-16.Highlighting the change of base years from time to time, the Minister said that the base year for the national account was changed in financial year 1980-81, then in the year 1999-2000 and the last base year was changed in the year 2005-06.He stated this while addressing a press conference here after presiding over the meeting of the Board of Directors of Pakistan Bureau of Statistics (PBS).

lol do you still trust these people? I bet nothing will happen even till 2018.

 

[Arya Desa]

pakistan needs new leadership. I feel Bilawal Bhutto is the only one up for the challenge.