What is Pakistan projected economy by 2030? (2024)

What is Pakistan projected economy by 2030?

However, based on current trends and projections, here are some possible scenarios for Pakistan's economy in 2030. Economic Growth: Pakistan's economy is projected to continue to grow steadily, with a projected GDP growth rate of around 5% to 6% per year.

The IMF has lowered its forecast for Pakistan's economic growth rate from 2 per cent to just 0.5 per cent for the current fiscal year, amid high inflation and a growing unemployment rate in the cash-strapped country.

By 2030, all people in Pakistan will benefit from universal and responsive CRVS systems that facilitate the realization of their rights and support good governance, health and development.

In 2025, the total investment in Pakistan is forecast to amount to US$44.10bn.

Pakistan Economic Outlook

Data published thus far suggests the economy has weakened in FY 2023 (July 2022–June 2023) to date. Exports and remittances fell 10% year on year in July–March, and the Purchasing Managers' Index has been bogged down in contractionary territory.

As a point of reference, the US National Intelligence Council, citing Oxford Economics, predicts that by 2040, India's economy will rank 3rd, China's 1st and Pakistan's 23rd. Using a popular macroeconomic model, the Goldman Sachs paper predicts the economic outlook for 104 countries.

The World Bank now expects Pakistan's economy to grow 0.4% in the current year, from its October forecast of 2% growth.

As per the same report in 2050 Pakistan real gdp would reach 2.7T USD. India and Bangladesh would be at 27T and 2.4T respectivily.By 2050 the gap between india and pak GDP would swell to 24 trillon from current just 2 trillion dollars.

Pakistan envisages a. nuclear power generation capacity of 40,000 MW under its Nuclear Energy Vision 2050. Pakistan has. selected eight more sites with four nuclear power plants each, with a planned total of 32 NPPs that.

What is the goal of Pakistan Vision 2025?

Pakistan Vision 2025 seek to revive and sustain the growth momentum consistent with environmental limits and equity considerations. The objective is to provide better living standards to every Pakistani irrespective of caste, creed, or domicile, or religious or political affiliation.

The UN Vision 2030 refers to a time horizon up to the formal completion of the 2030 Agenda. The new United Nations Development Assistance Framework (UNDAF) guidance highly recommends a long-term visioning exercise alongside the CCA (hyperlink to CCA CGP) to inform UNDAF priorities.

While Pakistan is nearly one-tenth of India's size in terms of its economy and its GDP is around USD 350 billion only. The delusion of economic parity, if it ever existed, is beginning to corrode, while the economic growth story of India has only just begun, said Zaidi.

For fiscal 2024, however, the IMF expected the economic growth to improve to 3.5 per cent, inflation to stay elevated at 22 per cent and the unemployment rate to slightly decline to 6.8 per cent.

Comparison In 2021, Pakistan ranked 87 in the Economic Complexity Index (ECI -0.55), and 66 in total exports ($32.7B). That same year, Philippines ranked 37 in the Economic Complexity Index (ECI 0.72), and 41 in total exports ($93.7B).

The 2022-2023 Pakistan economic crisis is an ongoing economic crisis and part of 2022-2023 political unrest in Pakistan. It has caused severe economic challenges for months due to which food, gas and oil prices have risen.

Pakistan's large external debt comes with considerable repayment pressure. From April 2023 to June 2026, Pakistan needs to repay $77.5 billion in external debt. For a $350 billion economy, this is a hefty burden.

In 1990, India and Pakistan had almost identical per-capita GDPs, a little under US$370 per person. But by 2021, India's had surged to $2,277, about 50% higher than Pakistan's. The reasons for their different choices have a lot to do with politics.

All values, unless otherwise stated, are in US dollars. The economy of Pakistan is classified as a low income developing economy. It is the 23rd-largest in terms of GDP based on purchasing power parity (PPP). In 2021, the country had a population of 227 million people.

Which country is more beautiful India or Pakistan?

According to the study, India took the number one spot on the most attractive nationalities list while Pakistan came on the 27th.

Pakistani economy is currently trapped in low growth, high inflation and unemployment, falling investment, excessive fiscal deficits, and a deteriorating external balance position.

China is set to be the world's largest economy by 2030. China's push towards robotics could mean higher productivity and even faster GDP growth. Bangladesh likely to be the biggest mover in the global GDP rankings (42nd to 26th), followed by Philippines, Pakistan and Vietnam...

Our projections imply that the world's five largest economies in 2050 (measured in real USD) will be China, the US, India, Indonesia, and Germany (with Indonesia displacing Brazil and Russia among the largest EMs).

Looking ahead, China is expected to pass the U.S. as the world's largest economy in 2030.

To explore the potential of open-source datasets and tools (refer Figure 1), we selected four major provincial capital cities of Pakistan, which are evenly distributed over the whole Pakistan. These cities are rapidly growing urbanizing cities of Pakistan, (Karachi, Lahore, Peshawar and Quetta) (Hamza et al. 2021.

This huge public expenditure acted as a drain on the country's economic resources. Insufficient Foreign Investment: Pakistan also failed to attract sufficient foreign investment due to lack of political stability, low degree of international credibility and lack of well developed infrastructure.

IT/ITeS Sector is one of the fastest growing sectors of Pakistan contributing about 1% of GDP of Pakistan at about 3.5 billion USD. It doubled in the past four years and experts expect it to grow a further 100% in the next two to four years to $7 billion.

ABOUT WORLD VISION PAKISTAN

World Vision has been working in Pakistan since 2005, responding initially to immediate needs of those affected by the devastating earthquake in 2005 and destructive floods of 2007, 2010, 2011 and 2012.

What is 2050 Vision for Egypt?

Main sectors of Egypt's vision 2050

Achieve a balanced urban development (spatial, volume) by focusing on the development of small and medium-sized cities. Re-definition and formulation of the Egyptian countryside. Increase the inhabited area by 6% to 15% of the total area during the next four decades.

The perceived neglect of Muslim interests by Congress led British provincial governments during the period of 1937–39 convinced Muhammad Ali Jinnah, the founder of Pakistan to espouse the two-nation theory and led the Muslim League to adopt the Lahore Resolution of 1940 presented by Sher-e-Bangla A.K.

Vision 2030 is built around three primary themes: a vibrant society, a thriving economy and an ambitious nation. The historic vision was developed by the Council of Economic and Development Affairs, which is chaired by Deputy Crown Prince Mohammed bin Salman.

Rural industrialisation using modern technologies to generate massive employment. Clean rivers, with safe drinking water to all Indians and efficient use of water in irrigation using micro-irrigation techniques. Self sufficiency in food production and producing food in the most organic way.

From June 2004, the Planning Commission gave a new name to the Five Year Plan – Medium Term Development Framework (MTDF). Thirty two Working Groups then produced the MTDF 2005–2010.

of the 4 Goals and 15 National Outcomes will result in a vibrant and internationally competitive economy; a secure and cohesive society; a healthy natural environment; a high level of human capital development; and greater opportunities for social and economic mobility and prosperity.

Vision 2030 has contributed to enhancing the sustainability of public finances by raising the efficiency of government spending on capital projects and operating expenditures, and in diversifying sources of income for the government, through developing non-oil revenues, and providing supportive financing tools to ...

Saudi Vision 2030 lays out targets for diversification and improving competitiveness. It is built around three main themes which set out specific objectives that are to be achieved by 2030: A vibrant society – urbanism, culture and entertainment, sports, Umrah, UNESCO heritage sites, life expectancy.

Worldwide gross domestic product in 2021 was at about 12,183 USD per capita. GDP in Pakistan, on the other hand, reached USD 1,505 per capita, or 348.26 billion USD for the whole country. Pakistan is therefore currently ranked 42 of the major economies.

What is the highest GDP of Pakistan ever recorded?

GDP in Pakistan averaged 89.96 USD Billion from 1960 until 2021, reaching an all time high of 356.13 USD Billion in 2018 and a record low of 3.75 USD Billion in 1960.

Pakistan gdp growth rate for 2021 was 6.49%, a 7.76% increase from 2020. Pakistan gdp growth rate for 2020 was -1.27%, a 3.77% decline from 2019.

According to the Asian Development Outlook (ADO) April 2023, ADB's flagship economic report, Pakistan's gross domestic product (GDP) growth is projected to slow to 0.6% in FY2023 from 6% last fiscal year as the economy struggles to recover.

In 2025, the total investment in Pakistan is forecast to amount to US$44.10bn.

Pakistan has a GDP per capita of $4,600 as of 2020, while in Philippines, the GDP per capita is $8,000 as of 2020.

Migration. As of November 2016, an estimated 1,543 Filipinos in Pakistan which includes 180 permanent residents married to Pakistani nationals, 728 documented working visa and 635 irregular and undocumented residents.

KARACHI: Pakistan is set to become the world's 23rd biggest economy by 2040 based on its predicted gross domestic product (GDP) rank which currently sits at 39th position, according to a United States intelligence report, which is issued every four years.

Read more: Pakistan can become $1.5-1.7tr economy

It said that some of the most populous countries in Asia are positioned to be among the world's largest economies by 2040, even as their per capita incomes lag behind that of advanced economies.

When was Pakistan economy strongest?

Pakistan's economy was quickly revitalized under Ayub Khan, with economic growth averaging 5.82 percent during his eleven years in office from 27 October 1958 to 25 March 1969. Manufacturing growth in Pakistan during this time was 8.51 percent, far outpacing any other time in Pakistani history.

While Pakistan is nearly one-tenth of India's size in terms of its economy and its GDP is around USD 350 billion only.

Pakistan remains a net importer of goods and services, and its industrialization has not expanded sufficiently to close the gap. The ratio between tax collection and GDP as well as between exports and GDP for Pakistan is also among the lowest in the world.

By 2040, India's gross domestic product in PPP terms will grow to $30 trillion from $8.7 trillion in 2016, while US will grow from $18.6 trillion to $28.3 trillion, said the PwC report titled “The World in 2050”. China will continue to lead the chart with its GDP rising from $21.3 trillion to $47.4 trillion by 2040.

1. China. China will take its place as the first richest country among the top 10 richest countries in the World. China is estimated to become the world's first richest and possibly the strongest economy.

As a result, six of the seven largest economies in the world are projected to be emerging economies in 2050 led by China (1st), India (2nd) and Indonesia (4th) The US could be down to third place in the global GDP rankings while the EU27's share of world GDP could fall below 10% by 2050.

Washington: By 2030, India might lead the world in every category, a former top America's diplomat has said asserting that the two largest democracies of the world can do much together.

China will be the world's largest economy in 2030, overtaking the US, while India – currently the seventh biggest – will be third, pushing Germany and Japan down a position.