That all is just regular military purchases, it’s not a big amount for us, 8 billion might be a big one for you as your GDP is 270 billion USD, ours is over 3 Trillion.
Rafale deal was signed in 2016 if you don’t know.
Just because you don’t know doesn’t mean it isn’t happening.
Your GDP nominal is now lower than $3 tn, while Pakistan is close to £300 bn.
I think I have already given a lesson on Per Capita GDP and how irrelevant it is, unless all other factors are considered. Too much for you to understand.
As for Pakistan GDP, it could have been higher, it still would be higher over time, once Rupees settled in.
I illustrate for you to understand what I mean.
To understand it, you have to look at Pakistani economic data in Pakistani rupees terms.
Pakistani gdp in millions of rupees
All figures from Pakistan Bureau of Statistics.
As you can see the GDP in rupees terms have seen considerable increase. Despite substantial increase in population, GDP per capita has increased from 181441 to 246414.
Conversion to the US $ where the problem is. In 2018 at the time of PMLN government the Rupee to the dollar was hovering around Rs 108 to 1 US $. At the moment it is Rs 163 to 1 US $, or roughly $152 to 1 US $ at the time of these figures. It has gone down considerably in last few days.
Rs 181441 @ 108 = $1680.00
Rs 246414
@108 = $2281.00
If dollars stayed at 2018 level, the Nominal GDP per Capita would have been $2281.00
While due to devaluation of rupees, it is at the time of the publication
Rs 246414 @ 152 = $1621.00 therefore, despite over 35% increase in GDP in rupees terms since 2018, it is still lower in dollars terms compared to 2018.
Total GDP (millions)
Rs 36462453 @ 108 = $337615.30 Millions or $ 337.6 billion
Rs 52222614 @ 108 = $483542.72 Millions or $ 483.5 billion (should have been in 2018 exchange rate)
RS 52222614 @152 = $343569.82 millions or $ 343.5 billion
This post is for all the Pakistani posters as well, who get swayed by stupid comments of illiterate Pakistani journalists.