What is Pakistan's True GDP & GDP Per Capita Income?

[faani83]

Officially Pakistan's GDP per capita is approx. $1500 and Total GDP approx. $300 Billion. However, Keeping in view that around 40% to 50% OF THE ECONOMY is UNDOCUMENTED, What is REAL TOTAL GDP/GDP PER CAPITA ON THE GROUND?

MY GUESS IS
-TOTAL GDP IS TOTAL GDP IS APPROX $500 BILLION DOLLARS
-PER CAPITA GDP OF $2400

What do you guys think?

 

[VCheng]

Officially Pakistan's GDP per capita is approx. $1500 and Total GDP approx. $300 Billion. However, Keeping in view that around 40% to 50% OF THE ECONOMY is UNDOCUMENTED, What is REAL TOTAL GDP/GDP PER CAPITA ON THE GROUND?

MY GUESS IS
-TOTAL GDP IS TOTAL GDP IS APPROX $500 BILLION DOLLARS
-PER CAPITA GDP OF $2400

What do you guys think?

What is the basis for claiming the following?:

- Around 40% to 50% OF THE ECONOMY is UNDOCUMENTED
-TOTAL GDP IS TOTAL GDP IS APPROX $500 BILLION DOLLARS
-PER CAPITA GDP OF $2400

 

[Abid123]

You are using nominal GDP which is less accurate. PPP is said to be the most accurate measure of an economy's true size.

 

[hydrabadi_arab]

Pakistan GDP for 2020 is Rs5200 billion. Which is around $340-350 billion. Per capita around $1600 looking at 220m population estimate.

 

[Indos]

Officially Pakistan's GDP per capita is approx. $1500 and Total GDP approx. $300 Billion. However, Keeping in view that around 40% to 50% OF THE ECONOMY is UNDOCUMENTED, What is REAL TOTAL GDP/GDP PER CAPITA ON THE GROUND?

MY GUESS IS
-TOTAL GDP IS TOTAL GDP IS APPROX $500 BILLION DOLLARS
-PER CAPITA GDP OF $2400

What do you guys think?

Undocummented economy is not only unique to Pakistan, but also all developing country where it can be easily seen on tax ratio

Here is the situation in Indonesia :

In her speech Indrawati stated that Indonesia's micro, small and medium sized enterprises are the backbone of the Indonesian economy. These enterprises account for 99 percent of the total amount of enterprises that are operating in Indonesia and they create a total of 107.6 million jobs in Southeast Asia's largest economy. Moreover, Indonesia's micro, small and medium-sized companies contribute 60.6 percent to Indonesia's gross domestic product (GDP). All these facts indicate the importance of the existence of these companies. In fact, they cushion the country's economy in times of shocks. However, the majority of these companies do not pay taxes, while most workers belong to the informal sector.

Indonesian Economy: Micro, Small & Medium Sized Enterprises | Indonesia Investments

Indonesia's Finance Minister Sri Mulyani Indrawati emphasizes the importance of cooperation between the government and Indonesia's micro, small and medium enterprises (including start ups). Indrawati spoke at the 12th World Islamic Economic Forum (WIEF) that opened on Tuesday (02/08) in Jakarta...

www.indonesia-investments.com

Pretty much Indonesian is quite entrepreneurship although majority are in micro and small scale business

I have made a thread about it

Indonesia is a nation of Micro Business

Indonesia is second place in the world in term of its micro business density. According to Indonesian finance minister, Sri Mulyani in 2016, Indonesian micro, small, and medium size companies create 107.6 million job and contribute to 60.6 % to Indonesia GDP. These enterprises account for 99...

defence.pk

 

[Baby Leone]

on which basis your can say its 40 to 50%?

BTW i have heard that Italy is the country which officially include undocumented economy in her annual GDP. why Pakistan cant do that when people are earning more which can be seen from luxury items used in Pakistan and most of them are now becomes necessities in Pakistan which is clearly not the case in other south asian countries.

Pakistan GDP for 2020 is Rs5200 billion. Which is around $340-350 billion. Per capita around $1600 looking at 220m population estimate.

pls share your source for this 5200 billion, it should be 52000 billion as 5200 billion are the taxes govt collects annually which is around 10% of GDP.

 

[The Maverick]

your GDP is 287 billion in 2021
per capita income is 1400.dollars

your gdp is stagnated because the Pakistani rupee is the weakest currency in the sub continent and devaluing annually. so any marginally growth gets eaten up by currency devaluation

re your point of real gdp this is non existent because it produces no income or tax so no revenue,for the country .

your black market claims is available in every country in the world but all money stays out of govt control and taxes and ends up in hands of criminals

 

[hydrabadi_arab]

your GDP is 287 billion in 2021
per capita income is 1400.dollars

your gdp is stagnated because the Pakistani rupee is the weakest currency in the sub continent and devaluing annually. so any marginally growth gets eaten up by currency devaluation

re your point of real gdp this is non existent because it produces no income or tax so no revenue,for the country .

your black market claims is available in every country in the world but all money stays out of govt control and taxes and ends up in hands of criminals

For FY 2020-21 GDP is Rs52 trillion or $340 billion.

 

[Baby Leone]

your GDP is 287 billion in 2021
per capita income is 1400.dollars

can you pls share official source for above info,

For FY 2020-21 GDP is Rs52 trillion or $340 billion.

these indians can just manipulate facts and lie. let him provide source of his comments.

 

[The Maverick]

For FY 2020-21 GDP is Rs52 trillion or $340 billion.

that figure above is 25% over inflated
bloomberg quote 284 billion in 2021
wiki not s good source is,same

where you get 340 billion lol lol.
you won't get there for 5 more years
you being constantly bailed out

show me the link saying 340 billion GDP
hilarious

 

[Baby Leone]

bloomberg quote 284 billion in 2021

hey indian, still awaiting source for this 2021 figures/ indian fart .

share IMF or world bank source who are white indian bhagwans not some random business articles.

 

[Syed1.]

that figure above is 25% over inflated
bloomberg quote 284 billion in 2021
wiki not s good source is,same

where you get 340 billion lol lol.
you won't get there for 5 more years
you being constantly bailed out

show me the link saying 340 billion GDP
hilarious

Says the Indian whose economy fell by double digits and also added 230 million people in poverty.


Apni auqaat samaj

 

[Indus Pakistan]

- Around 40% to 50% OF THE ECONOMY is UNDOCUMENTED
-TOTAL GDP IS TOTAL GDP IS APPROX $500 BILLION DOLLARS
-PER CAPITA GDP OF $2400

I heard a phrase sometime ago on one of those political programmes. I think it was Dr,Moeed Pirzada. No idea if it is Urdu or Punjabi but it was "leer fakeer". I understand it means somebody ho has his head so stuck in book that he can't see what is happening around his a*rse. No idea if that is correct rendition of this. But you get my point.

If a plane goes into negative G and begins a straight down descent from 5 miles altitude and his passengers are stuck to the ceiling. Screaming they can see the ground approaching fast.

The captain with calm voice says "ladies and gents everything is cool my readings are 25,000 altitude with steady north-west direction heading and winds in our tail so we should arrive in Las Vegas by 3:30 pm sharp".
I suppose you would be one of the pasengers who would say "cool"?

I went to Pakistan last year. I went from Peshawar to Lahore, from Islamabad to Thakot, from Lahore to Faisalabad and everything in between. I also had to go to Karachi. So I can't say I saw all the country but I did see good chunk of it. Nothing that I saw remotely resembled or even tallied with the fcuked up numbers I read provided by WB, IMF and rest of the number cruncher.

Almost the entire country is on the fiddle. Not one of the restaurents, shops, hotels I used were on the books leave alone pay a dime of tax. The house I stayed in Islamabad is owned by a family member who lives in USA. They have a left the house in care of fellow clan member from our village. They trust him to take care of the house and he in return gets to live there for free. When I went to Islamabad he hosted me and in fact acted as my batman. He took care of all the chores. He was there 24/7 for me and what I could not understand was how did he make a living? Well it transpired he was employed by PWD as foreman which he had got on sifarish. All he did was reported to the PWD office once in a while. The PWD EXO was brother of the chap in USA.

The crazy thing was he considered himself too good to do chores like cleaning and cooking. For this he pulled out another guy from the PWD team. My batman had a car and drove me all over Islamabad. I kept complaining about his 'banger'? A Toyota Corrollo 2008. This really rankled him. Before I left I gave him Rs2 lakh and the cook/cleaner Rs1 lakh.

Just before Pakistan went into red list I had booked a ticket and my 'batman' found out I was coming. He excitedly sent me a picture of his new car - a Toyota Corolla 2014. I know they cost fair bit in Pakistan and he was excited about showing his new wheels. Saying he was looking forward to driving me around ISB.

I have been to Pakistan over the years. First time was in 1989. I hated it. But the country has come up by leaps and bounds. I can honestly say I love going to Pakistan now. After Pakistan last year I went to Crete, Greece and Istanbul, Turkey. I can say I enjoyed Pakistan more.

There is life everywhere. Restaurents serving delicious food and the fabilous new road networks being built just appeal to a petrolhead like me. When this fcukin cornoa bullshat ends I can't wait to go. This time I am eagerly waiting for the M-14 being built to drive south to Mianwali and DG Khan.

In summary what my eyes saw did NOT even remotelt tally with the figures you hear cited for Pakistan. My batman was on salary of Rs30k a month. Do you think he declared his real income? Nope. Just like him most of the country is on the take.

I do however accept places in Sindh, Thar Parker are really poverty stricken and including some parts of Balochistan. My heart goes to them. Rest of the country are fat turds eating too rich food and heading for heart attacks.

 

[hydrabadi_arab]

that figure above is 25% over inflated
bloomberg quote 284 billion in 2021
wiki not s good source is,same

where you get 340 billion lol lol.
you won't get there for 5 more years
you being constantly bailed out

show me the link saying 340 billion GDP
hilarious

Its official figure from Pak government with estimated growth of 3%. If not for currency devaluations then our GDP would have passed $500 billion by now.

 

[hydrabadi_arab]

What is the basis for claiming the following?:

- Around 40% to 50% OF THE ECONOMY is UNDOCUMENTED
-TOTAL GDP IS TOTAL GDP IS APPROX $500 BILLION DOLLARS
-PER CAPITA GDP OF $2400

Look at my other thread, imports of many smuggling prone products increased manifold since last year. No other country in the region is as affected by this menance as is ours. And smuggling is still rampant.

We need to make these products in house to keep in the family. Otherwise trade balance can once again go out of hand by 2023.