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

[VCheng]

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.

Actually, smuggling of many major items is DOWN, with legal imports up:

Imports of six smuggling-prone goods surge 55pc

Duty collection grew 40.19pc to Rs194.813bn in 7MFY21.

www.dawn.com

 

[The Maverick]

the entire thread smacks,of desperate attempt to inflate what is stagnated.gdp .
you underlying issue.is your pakistan rupee has,halved against usa dollar last 10 to 15 years..
so your.gdp just. slides,between 270 to 290 billion constantly last 5 years..
your,reserves,barly move
the imf .world bank .. or any reputable organisation state pak gdp around 285 billion for 212 million Pakistani citizens which gives,a,per capita,income 1344 dollars,
if we have any reputation source ie several sources,suggesting 340.billion or 1500.dollar per capita income Income
just checked wiki it states285 billion
same in several other sources..

the worry for pakistan is based on your trajectory and Bangladesh in 5 years,they will.have the bigger gdp their forex is already double yours,

 

[hydrabadi_arab]

the entire thread smacks,of desperate attempt to inflate what is stagnated.gdp .
you underlying issue.is your pakistan rupee has,halved against usa dollar last 10 to 15 years..
so your.gdp just. slides,between 270 to 290 billion constantly last 5 years..
your,reserves,barly move
the imf .world bank .. or any reputable organisation state pak gdp around 285 billion for 212 million Pakistani citizens which gives,a,per capita,income 1344 dollars,
if we have any reputation source ie several sources,suggesting 340.billion or 1500.dollar per capita income Income
just checked wiki it states285 billion
same in several other sources..

the worry for pakistan is based on your trajectory and Bangladesh in 5 years,they will.have the bigger gdp their forex is already double yours,

I'm quoting official figure for FY 2020 and you outdated wikipedia for 2019. Growth rate is estimated to be 3% this FY. Final GDP figure should be out next month.

 

[Chakar The Great]

the entire thread smacks,of desperate attempt to inflate what is stagnated.gdp .
you underlying issue.is your pakistan rupee has,halved against usa dollar last 10 to 15 years..
so your.gdp just. slides,between 270 to 290 billion constantly last 5 years..
your,reserves,barly move
the imf .world bank .. or any reputable organisation state pak gdp around 285 billion for 212 million Pakistani citizens which gives,a,per capita,income 1344 dollars,
if we have any reputation source ie several sources,suggesting 340.billion or 1500.dollar per capita income Income
just checked wiki it states285 billion
same in several other sources..

the worry for pakistan is based on your trajectory and Bangladesh in 5 years,they will.have the bigger gdp their forex is already double yours,

Lol what a crap analysis. Did you ever go to school???


People like who graduate from whastaapp university come here and spread propaganda.

 

[American Pakistani]

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

Not in case of Pakistan...imo

Our purchasing power is fueled mostly by remittances, loans and foreign aid.

 

[The Maverick]

Here you go buddy

World GDP Ranking 2021 - StatisticsTimes.com

I owe every Bangladeshi an apology

Their GDP is way Higher than Pakistan according to this table
Please see top 50 countries global[/QUOTE]

Your Pakistani RUPEE is killing your GDP is has no value against Dollar

 

[hydrabadi_arab]

Here you go buddy

World GDP Ranking 2021 - StatisticsTimes.com

I owe every Bangladeshi an apology

Their GDP is way Higher than Pakistan according to this table
Please see top 50 countries global

Your Pakistani RUPEE is killing your GDP is has no value against Dollar
[/QUOTE]

Are you out of oxygen sanghi? Lack of oxygen doesnt allow brain to process data correctly. You keep posting 2018-19 GDP which was indeed $280b. For exemple India current GDP for FY2020-21 is $2.6 trillion according to Indian government who is known to fudge even GDP. You may bring wiki source to claim $3 trillion but it will not be true.

 

[PAKISTANFOREVER]

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.

"Heading for a heart attack"...............

 

[Hakikat ve Hikmet]

Some inteseting comparison with BD's econmy! Officially, it's equal to or more than Pak's economy!!!

But:

• BD sells 3 to 4K new private cars per year. Pak: 200K to 250K.
• 
  
• BD sells 10K new housing units per year. Pak: 300K.
• 
  
• BD consumes 150K bpd of petrol. Pak: 1m bpd.
• 
  
• BD maintains 8 (eight) front line fighter jets. Pak: 250+.

According to the Pak public accountants association, 70% of all business transactions are undocumented, unregulated and untaxed!!!

 

[faani83]

Some how Pakistan has to find WAYS TO DOCUMENT THIS UNDOCUMENTED MADNESS....!

 

[faani83]

Some intereseting comparison with BD's econmy! Officially, it's equal to or more than Pak's economy!!!

But:

• BD sells 3 to 4K new private cars per year. Pak: 200K to 250K.
• 
  
• BD sells 10K new housing units per year. Pak: 300K.
• 
  
• BD consumes 150K bpd of petrol. Pak: 1m bpd.
• 
  
• BD maintains 8 (eight) front line fighter jets. Pak: 250+.

According to the Pak public accountants association, 70% of all business transactions are undocumented, unregulated and untaxed!!!

QUOTING

Very though provoking.....Some one is not calculating properly..so much for the talk of BD leaving Pakistan behind.....THERE IS LITERALLY NO ROOM TO GROW IN BD.....!

 

[faani83]

Different Estimates

Informal sector

Informal sector

Pakistan’s black economy is linked to governance.

www.dawn.com

THE size of Pakistan’s informal economy is estimated to be as much as 56 per cent of the country’s GDP (as of 2019). This means that it’s worth around $180 billion a year, and that is a massive amount by any yardstick.



Ambassador of Italy to Pakistan Stefano Pontecorvo beleives 80% of PAKISTAN'S ECONOMY IS UNDOCUMENTED.

'Pakistan can be among top-20 economies' | The Express Tribune

Italian envoy says documentation of economy will help country prosper

tribune.com.pk

Pakistan has been put on the right track and the country can earn a position among top-20 economies of the world if it successfully documents its informal economy, said Ambassador of Italy to Pakistan Stefano Pontecorvo.

Speaking at the Faisalabad Chamber of Commerce and Industry (FCCI) on Friday, he said that the size of Pakistan's economy was around $300 billion but 80% of it was undocumented.

 

[hydrabadi_arab]

Actually, smuggling of many major items is DOWN, with legal imports up:

Imports of six smuggling-prone goods surge 55pc

Duty collection grew 40.19pc to Rs194.813bn in 7MFY21.

www.dawn.com

Thats what Im saying. Smuggling is rampant otherwise 50-300% increase in official numbers isnt normal when we are going through economic crisis.

 

[KaiserX]

Getting an exact estimate would be tough, providing a range easier.

Nominal real GDP including undocumented economy, 550-650 bn USD range.

PPP GDP including undocumented economy 2-2.2 Trillion USD range.

 

[hydrabadi_arab]

Some inteseting comparison with BD's econmy! Officially, it's equal to or more than Pak's economy!!!

But:

• BD sells 3 to 4K new private cars per year. Pak: 200K to 250K.
• 
  
• BD sells 10K new housing units per year. Pak: 300K.
• 
  
• BD consumes 150K bpd of petrol. Pak: 1m bpd.
• 
  
• BD maintains 8 (eight) front line fighter jets. Pak: 250+.

According to the Pak public accountants association, 70% of all business transactions are undocumented, unregulated and untaxed!!!

But BD government is doing very well economically unlike Pakistan. Bangladesh budget now tend to be higher then Pakistan.

"DHAKA, June 30 (Xinhua) -- The Bangladesh parliament on Tuesday passed a record 5.68-trillion-Taka (nearly 67 billion U.S. dollars) national budget for the 2020-21 fiscal year (July 2020-June 2021)"

Vs Just $46 billion for Pakistan for FY2020-21.