What is Nominal GDP of Pakistan 2019?

[dilpakistani]

I haven't found much on it over internet... anyone here knows whats our nominal GDP in 2018-2019?

 

[Protest_again]

If you really want to know the truth
https://www.imf.org/external/pubs/f...&br=1&pr1.x=69&pr1.y=18&c=564&s=NGDP&grp=0&a=
At today's exchange rate of 157.31, GDP is somewhere about $240 billion.

 

[dilpakistani]

If you really want to know the truth
https://www.imf.org/external/pubs/f...&br=1&pr1.x=69&pr1.y=18&c=564&s=NGDP&grp=0&a=
At today's exchange rate of 157.31, GDP is somewhere about $240 billion.

240 billion USD :O !!! IMF data on wikipedia shows it 312 billion USD

 

[Protest_again]

240 billion USD :O !!! IMF data on wikipedia shows it 312 billion USD

That was before devaluation of PKR. Today in national currency your GDP value is 37723 billion rupees. Current exchange rate is 157.31. so you can calculate present GDP by dividing one over another.

 

[ebrahym]

I haven't found much on it over internet... anyone here knows whats our nominal GDP in 2018-2019?

If you really want to know the truth
https://www.imf.org/external/pubs/f...&br=1&pr1.x=69&pr1.y=18&c=564&s=NGDP&grp=0&a=
At today's exchange rate of 157.31, GDP is somewhere about $240 billion.

240 billion USD :O !!! IMF data on wikipedia shows it 312 billion USD

our GDP was $314 billion in 2018 ............. there is no convenient info of it in 2019........... but surely is not impressive

 

[Protest_again]

please don't be a lying injun like modiji

GDP in Pakistan is expected to be 315.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Pakistan GDP is projected to trend around 360.00 USD Billion in 2020, according to our econometric models.31 Mar 2019
Pakistan GDP | 2019 | Data | Chart | Calendar | Forecast | News

https://tradingeconomics.com/pakistan/gdp?poll=2019-03-31

I am not lying. Trading economics doesn't carry out GDP calculations themselves but rather collect it from other sources. And mostly they are dated.

https://www.imf.org/external/pubs/ft/weo/2019/01/weodata/weorept.aspx?sy=2017&ey=2024&scsm=1&ssd=1&sort=country&ds=.&br=1&pr1.x=89&pr1.y=7&c=564&s=NGDP,NGDPD&grp=0&a=

Here IMF suggests GDP of Pakistan to be $278 billion in 2019 at an exchange rate of rs.135 per USD. But we now know that PKR had further collapsed and at today's exchange rate of 157.31, GDP of Pakistan is around 240 billion.

You'll see updated figure in October 2019 when IMF releases its new set of data.

For 2020, if you want to know GDP would be around 260 billion dollars.

 

[New World]

That was before devaluation of PKR. Today in national currency your GDP value is 37723 billion rupees. Current exchange rate is 157.31. so you can calculate present GDP by dividing one over another.

if exchange rate is pulled back to 90 or 100 than what will the GDP?

 

[Aryeih Leib]

Sir in 2020 it will start growing again ?

I am not lying. Trading economics doesn't carry out GDP calculations themselves but rather collect it from other sources. And mostly they are dated.

https://www.imf.org/external/pubs/ft/weo/2019/01/weodata/weorept.aspx?sy=2017&ey=2024&scsm=1&ssd=1&sort=country&ds=.&br=1&pr1.x=89&pr1.y=7&c=564&s=NGDP,NGDPD&grp=0&a=

Here IMF suggests GDP of Pakistan to be $278 billion in 2019 at an exchange rate of rs.135 per USD. But we now know that PKR had further collapsed and at today's exchange rate of 157.31, GDP of Pakistan is around 240 billion.

You'll see updated figure in October 2019 when IMF releases its new set of data.

For 2020, if you want to know GDP would be around 260 billion dollars.

 

[1Paki$tani]

I am not lying. Trading economics doesn't carry out GDP calculations themselves but rather collect it from other sources. And mostly they are dated.

https://www.imf.org/external/pubs/ft/weo/2019/01/weodata/weorept.aspx?sy=2017&ey=2024&scsm=1&ssd=1&sort=country&ds=.&br=1&pr1.x=89&pr1.y=7&c=564&s=NGDP,NGDPD&grp=0&a=

Here IMF suggests GDP of Pakistan to be $278 billion in 2019 at an exchange rate of rs.135 per USD. But we now know that PKR had further collapsed and at today's exchange rate of 157.31, GDP of Pakistan is around 240 billion.

You'll see updated figure in October 2019 when IMF releases its new set of data.

For 2020, if you want to know GDP would be around 260 billion dollars.

Yes it is not as simple as that, otherwise one can conclude that the economy has in rescission similarly strengthening currency without real increase in economic activity would otherwise provide false GDP growth figures and one can achieve record GDP growth through currency manipulation. Not all country have exchange rate that is determined by the market and many countries control their exchange rate.

 

[Death Professor]

I haven't found much on it over internet... anyone here knows whats our nominal GDP in 2018-2019?

why are asking about nominal? Does nominal matters? nope, PPP matters. When you devalue your currency so abruptly by a huge margin, you are always going to see sharp changes in GDP value. PPP GDP doesn't change with changing the value of currency, because that is the real GDP. But that doesn't mean that the GDP growth has been negative our gdp growth was 5.4 last year and 3. something this year. So to answer your question it went from 315 B to 280 B something in terms of nominal gdp. Now if somehow PPP GDP of a country decreases then that means over all you have negative growth rate.

 

[Protest_again]

if exchange rate is pulled back to 90 or 100 than what will the GDP?

If exchange rate stayed at 100, today Pakistan GDP would have been around 380 billion dollars. At 90,it would have been over $400 billion in 2019.

Yes it is not as simple as that, otherwise one can conclude that the economy has in rescission similarly strengthening currency without real increase in economic activity would otherwise provide false GDP growth figures and one can achieve record GDP growth through currency manipulation. Not all country have exchange rate that is determined by the market and many countries control their exchange rate.

It is as simple as that. GDP is growing in real terms but the exchange rate is pulling back GDP in dollar terms.

Pakistan economy is growing at 10% (real+inflation) but exchange rate cut of over 40% in the past year culled GDP by the rest 30%.

 

[Death Professor]

if exchange rate is pulled back to 90 or 100 than what will the GDP?

Don't listen to the indian buffoon, countries change their values for dollar in compliance with market changes, it is to support growth. GDP PPP is what's important if we go by Indians logic since Pakistani rupee is valued half the price of Afghani rupee then Afghanistan should be having more progress no? Turkey changed their value of currency in 2000 or 2002 something if remember right, they introduced the lira then. The major factor is import export and to keep the balance, countries are forced to change the value of their currencies. If tomorrow, suddenly 1 USD becomes equal to 280 B Rs, it means our nominal GDP would be 1 USD, but if we are ignoring import/export changes, it wouldn't effect on how we operate in our daily lives or how we live, that is dictated by GDP PPP.

 

[New World]

If exchange rate stayed at 100, today Pakistan GDP would have been around 380 billion dollars. At 90,it would have been over $400 billion in 2019.

So, it means that by 2021-22 Pakistan GDP will be around $500 billion.

 

[Protest_again]

So, it means that by 2021-22 Pakistan GDP will be around $500 billion.

It will be a trillion if you include your parallel economy as well. That is same as about Indonesia. I'll leave it you if you think you are at par with Indonesia or not.

 

[Hareeb]

$314 billion is an old figure. Its around $285 billion now.