Pakistan will be 16th largest economy by 2050: PWC report

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Neo

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Pakistan will be 16th largest economy by 2050: PWC report

February 8, 2017



Will grow to move up 8 places, China to remain on top among 32 largest economies. PHOTO: AFP

KARACHI: Pakistan will become the 20th largest economy among 32 peers by 2030 and will further grow to become the 16th largest by 2050, stated a report by PricewaterhouseCoopers (PwC), one of the world’s largest professional services firms.

The report titled, ‘The Long View: How will the global economic order change by 2050?’ said that emerging markets will dominate the world’s top 10 economies in 2050 with China continuing to lead the pack. It projected GDP for 32 of the largest economies in the world, which together currently account for around 85% of global GDP.

Pakistan and Egypt are set to overtake Italy and Canada by 2040, it said.

Fitch affirms Pakistan at ‘B’; outlook deemed stable

“By 2050, emerging economies such as Mexico and Indonesia are likely to be larger than the UK and France, while Pakistan and Egypt could overtake Italy and Canada (on a purchasing power parity basis). In terms of growth, Vietnam, India and Bangladesh could be the fastest growing economies over the period to 2050, averaging growth of around 5% a year.”

According to the report, by 2030, Pakistan will improve its rank from 24th to 20th and will see a further improvement of four places in the next 20 years, based on projected GDP (at PPP).

India will overtake the US to become the second-largest by 2050, it added.

“China has already overtaken the US to become the world’s largest economy in PPP terms, while India currently stands in third place and is projected to overtake the US by 2040 in PPP terms.

“When looking at GDP measured at market exchange rates, we do not see quite such a radical shift in global economic power, reflecting the lower average price levels in emerging economies.

“But China still emerges as the largest economy in the world before 2030 and India is clearly the third largest in the world by 2050, so there is still a considerable shift in economic power towards Asia in particular whichever measure we use.”

‘Pakistan’s economy will collapse in the next 10 years’

According to the GDP at PPP measure, Canada is currently ranked as the 17th largest economy, but by 2030 the country will slip to the 18th position and by 2050 to the 22nd spot.

Egypt will move to the 15th place with Pakistan at 16th.

Despite the Canadian economy’s diminished status, the country’s GDP will roughly double to $3.1 trillion by 2050 from its current level.

While PwC’s findings show some of the same countries near the top of the list in 13 years, they also have numerous economies slipping or rising massively by 2030.


Read more: economy , Pakistan , PWC
 

Bornubus

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Here goes the Pipe dream that CPEC will make Pak a Ruhani Developed Nation and a Trillion + economy within years


It took them 30 + years from 24 th Rank to 16 th. If they survive.
 

Indx TechStyle

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Pakistan will be 16th largest economy by 2050: PWC report

February 8, 2017



Will grow to move up 8 places, China to remain on top among 32 largest economies. PHOTO: AFP

KARACHI: Pakistan will become the 20th largest economy among 32 peers by 2030 and will further grow to become the 16th largest by 2050, stated a report by PricewaterhouseCoopers (PwC), one of the world’s largest professional services firms.

The report titled, ‘The Long View: How will the global economic order change by 2050?’ said that emerging markets will dominate the world’s top 10 economies in 2050 with China continuing to lead the pack. It projected GDP for 32 of the largest economies in the world, which together currently account for around 85% of global GDP.

Pakistan and Egypt are set to overtake Italy and Canada by 2040, it said.

Fitch affirms Pakistan at ‘B’; outlook deemed stable

“By 2050, emerging economies such as Mexico and Indonesia are likely to be larger than the UK and France, while Pakistan and Egypt could overtake Italy and Canada (on a purchasing power parity basis). In terms of growth, Vietnam, India and Bangladesh could be the fastest growing economies over the period to 2050, averaging growth of around 5% a year.”

According to the report, by 2030, Pakistan will improve its rank from 24th to 20th and will see a further improvement of four places in the next 20 years, based on projected GDP (at PPP).

India will overtake the US to become the second-largest by 2050, it added.

“China has already overtaken the US to become the world’s largest economy in PPP terms, while India currently stands in third place and is projected to overtake the US by 2040 in PPP terms.

“When looking at GDP measured at market exchange rates, we do not see quite such a radical shift in global economic power, reflecting the lower average price levels in emerging economies.

“But China still emerges as the largest economy in the world before 2030 and India is clearly the third largest in the world by 2050, so there is still a considerable shift in economic power towards Asia in particular whichever measure we use.”

‘Pakistan’s economy will collapse in the next 10 years’

According to the GDP at PPP measure, Canada is currently ranked as the 17th largest economy, but by 2030 the country will slip to the 18th position and by 2050 to the 22nd spot.

Egypt will move to the 15th place with Pakistan at 16th.

Despite the Canadian economy’s diminished status, the country’s GDP will roughly double to $3.1 trillion by 2050 from its current level.

While PwC’s findings show some of the same countries near the top of the list in 13 years, they also have numerous economies slipping or rising massively by 2030.


Read more: economy , Pakistan , PWC
Do you have official link of British PWC report?
Edit: For you.;)
https://www.pwc.com/gx/en/issues/the-economy/assets/world-in-2050-february-2015.pdf
My humble request to members to not ruin the thread.
 

Indx TechStyle

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Here goes the Pipe dream that CPEC will make Pak a Ruhani Developed Nation and a Trillion + economy within years


It took them 30 + years from 24 th Rank to 16 th. If they survive.
The growth rate classified is moderate for a third world country.
 

Indx TechStyle

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Honestly saying, like always, a dodgy report from UK.:biggrin2:
I don't care about growth rate for Pakistan but India, pretty lower than any other report published.
IMF & WB put us for $10 trillions, only British Think Tanks project it between $6.6 to $7.5 trillions.
Look here everyone!
@Neo @Bornubus @Mikesingh
@ezsasa @Chinmoy
IMG_20170208_203659_096.JPG
IMG_20170208_203812_433.JPG
IMG_20170208_203727_030.JPG
IMG_20170208_203754_953.JPG

Their numbers for India (which have already been outshined by India's new projection), have again remained nearly half against what World Bank & IMF project for Indian Economy.
Sustanied GDP growth even after relatively slow overall Population growth, low fertility puts India's GDP (PPP) per capita from 2 to 3 times of Pakistan or Bangladesh in next 3 decades as per IMF projection, WB doesn't show much weaket either but seems that British are not cozy with it again.:D


Seriously, what India has taken of guys that you guys keep spewing $hit about India?
British forums, media's India bashing was understandable, couldn't you leave reports at least?:facepalm:
 

IndianHawk

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According to the report, by 2030, Pakistan will improve its rank from 24th to 20th and will see a further improvement of four places in the next 20 years, based on projected GDP (at PPP).
It's PPP still . Even in 2050 they will be 16 largest by PPP not nominal.

Also PwC predicts Indian growth rate to avg 4.5 percent from 2016-2050.
That's quite low we are already doing batter.
 

south block

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Honestly saying, like always, a dodgy report from UK.:biggrin2:
I don't care about growth rate for Pakistan but India, pretty lower than any other report published.
IMF & WB put us for $10 trillions, only British Think Tanks project it between $6.6 to $7.5 trillions.
Look here everyone!
@Neo @Bornubus @Mikesingh
@ezsasa @Chinmoy
View attachment 13704 View attachment 13705 View attachment 13706 View attachment 13707
Their numbers for India (which have already been outshined by India's new projection), have again remained nearly half against what World Bank & IMF project for Indian Economy.
Sustanied GDP growth even after relatively slow overall Population growth, low fertility puts India's GDP (PPP) per capita from 2 to 3 times of Pakistan or Bangladesh in next 3 decades as per IMF projection, WB doesn't show much weaket either but seems that British are not cozy with it again.:D


Seriously, what India has taken of guys that you guys keep spewing $hit about India?
British forums, media's India bashing was understandable, couldn't you leave reports at least?:facepalm:
India won't be 10 trillion$ economy even in 2030, we were projected to be more than 5 trillion by now by IMF & WB a decade ago & we all know what happened...Never take this projection seriously
 
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IndianHawk

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India won't be 10 trillion$ economy even in 2030, we were projected to be more than 5 trillion by now by IMF & WB a decade ago & we all know what happened...Never take this projection seriously
In 2000 indin GDP was 476 billion $$
Today it is 2.2 trillion $$ that is roughly 4-5 times growth.

I'm pretty sure we will be upwards 8 trillion by 2030 unless ww3 happens . In which case we will gain more territory at the expense of economic growth.:biggrin2:
 

lcafanboy

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THE BIGGEST QUESTION OF 21ST CENTURY IS:

WILL PAKISTAN SURVIVE BY 2050.:biggrin2::biggrin2::biggrin2::biggrin2::bounce::bounce::bounce::bounce::bounce:

India under Modi may pull the pants off of Pakistan by 2020 itself. PWC should actually start making projections for economy of independent Baluchistan, Sindh, PAKJAB, instead.
 

IndianHawk

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Honestly saying, like always, a dodgy report from UK.:biggrin2:
I don't care about growth rate for Pakistan but India, pretty lower than any other report published.
IMF & WB put us for $10 trillions, only British Think Tanks project it between $6.6 to $7.5 trillions.
Look here everyone!
@Neo @Bornubus @Mikesingh
@ezsasa @Chinmoy
View attachment 13704 View attachment 13705 View attachment 13706 View attachment 13707
Their numbers for India (which have already been outshined by India's new projection), have again remained nearly half against what World Bank & IMF project for Indian Economy.
Sustanied GDP growth even after relatively slow overall Population growth, low fertility puts India's GDP (PPP) per capita from 2 to 3 times of Pakistan or Bangladesh in next 3 decades as per IMF projection, WB doesn't show much weaket either but seems that British are not cozy with it again.:D


Seriously, what India has taken of guys that you guys keep spewing $hit about India?
British forums, media's India bashing was understandable, couldn't you leave reports at least?:facepalm:
One thing more to notice in these projections. Whatever the case or base. India USA alliance will always dominate Chinese economy very comfortably.

That is a lesson both India and USA will do well to remember.
 

Neo

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Honestly saying, like always, a dodgy report from UK.:biggrin2:
I don't care about growth rate for Pakistan but India, pretty lower than any other report published.
IMF & WB put us for $10 trillions, only British Think Tanks project it between $6.6 to $7.5 trillions.
Look here everyone!
@Neo @Bornubus @Mikesingh
@ezsasa @Chinmoy
View attachment 13704 View attachment 13705 View attachment 13706 View attachment 13707
Their numbers for India (which have already been outshined by India's new projection), have again remained nearly half against what World Bank & IMF project for Indian Economy.
Sustanied GDP growth even after relatively slow overall Population growth, low fertility puts India's GDP (PPP) per capita from 2 to 3 times of Pakistan or Bangladesh in next 3 decades as per IMF projection, WB doesn't show much weaket either but seems that British are not cozy with it again.:D


Seriously, what India has taken of guys that you guys keep spewing $hit about India?
British forums, media's India bashing was understandable, couldn't you leave reports at least?:facepalm:
The thread is about Pakistan's growth projection, not India. Please stick to it.
 

Neo

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Such reports are to be taken with a pinch of salt, there are too many variables and unless someone has a crystal ball, one can never predict the future.

I only read these reports to because they reflect faith in emerging markets. Pakistan has come up in different reports but the situation is far from ideal. The economy is too fragile and will not sustain growth in case of a coup, a short military conflict with India or even if the security situation deteriorates it will have a negative impact on the investors.
 

Pandora

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hahahahahahahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa.....
 

ezsasa

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Such reports are to be taken with a pinch of salt, there are too many variables and unless someone has a crystal ball, one can never predict the future.

I only read these reports to because they reflect faith in emerging markets. Pakistan has come up in different reports but the situation is far from ideal. The economy is too fragile and will not sustain growth in case of a coup, a short military conflict with India or even if the security situation deteriorates it will have a negative impact on the investors.
why don't you give us an idea on various govt industry specific initiatives, which will further develop the pakistani economy?

for example : news similar to what we guys post in Indian economy and infrastructure thread..
 

Flame Thrower

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@Neo

I would love to see how this emerging market is going to pay Chinese loan on CPEC....

Wherever China has invested, that country is almost bankrupt, got on to its knees to pay the loan...

Sri Lanka took loan of $8 billion... Just look at its status....

What would be the fate of Pak..!!!

When it comes to investors...

Can you please list out foreign investments from 2010 to till date..
 

Screambowl

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Honestly saying, like always, a dodgy report from UK.:biggrin2:
I don't care about growth rate for Pakistan but India, pretty lower than any other report published.
IMF & WB put us for $10 trillions, only British Think Tanks project it between $6.6 to $7.5 trillions.
Look here everyone!
@Neo @Bornubus @Mikesingh
@ezsasa @Chinmoy
View attachment 13704 View attachment 13705 View attachment 13706 View attachment 13707
Their numbers for India (which have already been outshined by India's new projection), have again remained nearly half against what World Bank & IMF project for Indian Economy.
Sustanied GDP growth even after relatively slow overall Population growth, low fertility puts India's GDP (PPP) per capita from 2 to 3 times of Pakistan or Bangladesh in next 3 decades as per IMF projection, WB doesn't show much weaket either but seems that British are not cozy with it again.:D


Seriously, what India has taken of guys that you guys keep spewing $hit about India?
British forums, media's India bashing was understandable, couldn't you leave reports at least?:facepalm:

you nailed him bro .

(30 chars : Pakis chullu bhar pani mein doob maro salo)
 

vinuzap

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forget reports by 2050 by 2020-25 there won't be a country called pakistan
 
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