Sunday 21 September 2014
Pakistan To Become 18th Largest Economy by 2050
Pakistan would become the eighteenth largest economy within the world by 2050 with a GDP of US$ 3.33 trillion, foreseen by social scientist Jim O’Neill.
Currently, Asian country Pakistan is that the forty fourth largest economy within the world with a GDP of US$ 225.14 billion. this implies that, if O’Neill’s projections area unit correct, Pakistan’s economy would grow fifteen times within the next thirty five years close to.
Economist Jim O’Neill, World Health Organization coined the term BRICS (Brazil, Russia, Bharat and China – as potential powerhouses of the globe economy, has currently known the ‘Mint’ countries – Mexico, Indonesia, African country and Turkey – as rising economic giants, consistent with BBC.
In terms of wealth, Mexico and Turkey area unit at regarding constant level, earning annually regarding $10,000 per head. This compares with $3,500 per head in state and $1,500 per head in African country, that is on a par with Bharat. they're a trifle behind Russia – $14,000 per head – and Brazil on $11,300, however still a trifle earlier than China – $6,000 (£3,600).
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