GDP rebasing done with 2015-16 base. GDP growth rate for FY21 is 5.57%. GDP size: 55.5 tr or $346 bn. Per capita $1666. Debt to GDP 72%.

[hydrabadi_arab]

So not 25% increase in nominal GDP as some expected but only 12%.

 

[RealNapster]

This means PBS did a bad job as everyone can understand the level of informal economy in Pakistan. The only explanation here is that PBS failed to include enough sections of the informal economy in their calculations.

 

[hydrabadi_arab]

It means current FY 2021-22 GDP will be around Rs66 trillion or $375b with GDP growth of 6%. It means India with $3.1 trillion is 8.2 times bigger economy. Bangladesh with less population also have higher overall GDP of over $400b.

 

[Valar.]

Layman question, if our currency was 115 rupees to dollar instead of current 176 rupees, would our gdp still be the same?

 

[hydrabadi_arab]

This means PBS did a bad job as everyone can understand the level of informal economy in Pakistan. The only explanation here is that PBS failed to include enough sections of the informal economy in their calculations.

PBS did bad job at population census as well and now it will cost billions more to do another one just 5 years after last one.

Layman question, if our currency was 115 rupees to dollar instead of current 176 rupees, would our gdp still be the same?

In $$ it will be much higher.

 

[RealNapster]

It means current FY 2021-22 GDP will be around Rs66 trillion or $375b with GDP growth of 6%. It means India with $3.1 trillion is 8.2 times bigger economy. Bangladesh with less population also have higher overall GDP of over $400b.

Continuous rebasing every 5 years, Including informal sectors of economy in every rebasing and trying to bring down Dollar to Pkr to atleast 140 and lower and growth rate of 5-6% each year.

These four needs to be done simultaneously and we will see miracle happening in Pakistan. You will see your economy crossing $1 trillion in 10 years from current $346 billion.

 

[Black Tornado]

It means current FY 2021-22 GDP will be around Rs66 trillion or $375b with GDP growth of 6%. It means India with $3.1 trillion is 8.2 times bigger economy. Bangladesh with less population also have higher overall GDP of over $400b.

We’ll be rebasing soon

And the $346 bn referred in the screenshot is of FY2020-21 which before rebasing was $296 bn which is around 17% increase. But in FY2021-22 you’ll have to factor in the rupee depreciation. $346 bn when in PKR your GDP is PKR 55.5 trillion means the exchange rate they took is 160.4 PKR/1 USD which now is around 176 i.e. 10% depreciation which will be added this fiscal which means your GDP might remain almost unchanged this fiscal.

 

[Abid123]

These four needs to be done simultaneously and we will see miracle happening in Pakistan. You will see your economy crossing $1 trillion in 10 years from current $346 billion.

We should target 1 trillion usd gdp nominal within 10 years from now. In terms of GDP PPP the goal should be 2.5 trillion usd.

 

[hydrabadi_arab]

We’ll be rebasing soon

And the $346 bn referred in the screenshot is of FY2020-21 which before rebasing was $296 bn which is around 17% increase. But in FY2021-22 you’ll have to factor in the rupee depreciation. $346 bn when in PKR your GDP is PKR 55.5 trillion means the exchange rate they took is 160.4 PKR/1 USD which now is around 176 i.e. 10% depreciation which will be added this fiscal which means your GDP might remain almost unchanged this fiscal.

India already rebased GDP not long ago so next one is probably 5 years away. I calculated 2021-22 GDP of Rs66 trillion with current exchange rate of 176.

 

[Norwegian]

So not 25% increase in nominal GDP as some expected but only 12%.

Nominal is not important

 

[Norwegian]

Layman question, if our currency was 115 rupees to dollar instead of current 176 rupees, would our gdp still be the same?

Yes

In $$ it will be much higher.

Nope. Artificial overvaluation of Rs does not make gdp in dollars much higher. Eventually currency has to be devalued to avert the crisis caused by overvalued exchange rate and the gdp in dollars comes back to reality

https://twitter.com/x/status/1173923661985636352

 

[Norwegian]

If PKR go from 176 to 115 it will be 35% improvement. This means you will see 35% improvement is GDP figure as our GDP figures are calculated in PKR and then converted to $. So $346 billion when PKR is 176. $467 when PKR is 115.

No improvement. Real gdp remains the same because it's always calculated in PKR and not in USD

https://twitter.com/x/status/1173923661985636352

 

[ziaulislam]

This means PBS did a bad job as everyone can understand the level of informal economy in Pakistan. The only explanation here is that PBS failed to include enough sections of the informal economy in their calculations.

Rebasing isnt documwntation increase
PBS bigger problem is lack of documentation

Rebasing simply is change in calculation

 

[Norwegian]

trying to bring down Dollar to Pkr to atleast 140.

Is our nation full of Ishaq Dars? When are we going to learn that artificially controlling the price of dollar never helped Pakistani economy?

Keep the dollar flying

The fear of flexibility in the exchange rate has been shared by most, if not all, our finance ministers.

www.dawn.com

 

[ziaulislam]

If PKR go from 176 to 115 it will be 35% improvement. This means you will see 35% improvement is GDP figure as our GDP figures are calculated in PKR and then converted to $. So $346 billion when PKR is 176. $467 when PKR is 115.


Continuous rebasing every 5 years, Including informal sectors of economy in every rebasing and trying to bring down Dollar to Pkr to atleast 140 and lower and growth rate of 5-6% each year.

These four needs to be done simultaneously and we will see miracle happening in Pakistan. You will see your economy crossing $1 trillion in 10 years from current $346 billion.

No it doesnt work that way

You produce 1 apple
If you change the rupee valuation will the apples increase? No?
The price may increase but not the apples

We should stop counting nominal gdp it should just be purchasing power

Is our nation full of Ishaq Dars? When are we going to learn that artificially controlling the price of dollar never helped Pakistani economy?

Keep the dollar flying

The fear of flexibility in the exchange rate has been shared by most, if not all, our finance ministers.

www.dawn.com

It is unforutatnly

It means current FY 2021-22 GDP will be around Rs66 trillion or $375b with GDP growth of 6%. It means India with $3.1 trillion is 8.2 times bigger economy. Bangladesh with less population also have higher overall GDP of over $400b.

Lets stick to Purchasing power
Thats what matter and that is what people look at

Pakistan problem is instability
E.g i know we are going to crash again so do everyone else