Global ranking: Pakistan billed to become 18th largest economy by 2050

If economist O’Neill’s projections are correct, Pakistan’s economy would grow 15 times in the next 35 years or...


News Desk January 20, 2014
If economist O’Neill’s projections are correct, Pakistan’s economy would grow 15 times in the next 35 years or so. PHOTO: FILE



Pakistan would become the 18th largest economy in the world by 2050 with a GDP of US$ 3.33 trillion, predicted economist Jim O’Neill.


Currently, Pakistan is the 44th largest economy in the world with a GDP of US$ 225.14 billion. This means that, if O’Neill’s projections are correct, Pakistan’s economy would grow 15 times in the next 35 years or so.


Economist Jim O’Neill, who coined the term BRICS (Brazil, Russia, India and China - as potential powerhouses of the world economy, has now identified the ‘Mint’ countries - Mexico, Indonesia, Nigeria and Turkey - as emerging economic giants, according to BBC.


In terms of wealth, Mexico and Turkey are at about the same level, earning annually about $10,000 per head. This compares with $3,500 per head in Indonesia and $1,500 per head in Nigeria, which is on a par with India. They are a bit behind Russia - $14,000 per head - and Brazil on $11,300, but still a bit ahead of China - $6,000 (£3,600).

Published in The Express Tribune, January 20th, 2014.

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COMMENTS (72)

smbfhs | 7 years ago | Reply I see here the representatives of Rich and Affluent nations or "Politically strong in world media" doing research and making reports. Where are the representatives of third world countries poor here? The rich 2% rob the 98% common and show their buddies what they have made while circulating the money among them. There is enormous room for scrutiny here because many thing are not considered here at all. See! Based on these reports you get your A, B, C ratings/grades and trustworthiness in world trade rights and contracts, credit worthiness with IMF or Other loans. So there is lot of temptation here to "Twist" the report method to get the result in your favour that make you look successful. Proof: Why there is so much poverty and backwardness in any country that matches the Economic Grade of China, U.S., Germany and France?
anmol | 7 years ago | Reply

@Observer: I agree!

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