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Tag Archives: GDP

Five factors to mar gdp growth

  Pakistan is not likely to achieve more than 3 percent GDP growth during the current financial year. Economic growth of next financial year is also be marred because of formation of the new elected government and coming up with appropriate policies to turn around the economy. The issue of potential default has been overcome with the commitment of the IMF to provide US$5 billion under Extended Financial facility (EFF). …

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Enhancing GDP size

  Two of the common complaints are: 1) Pakistan’s GDP size is too small and 2) GDP growth also does not compare well keeping in view population growth rate. Over the years experts have been working on different options but little has been done to document the economy. According to some experts the size of documented economy is just one-fourth of the actual. On one hand this does not allow …

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Concerted efforts needed to raise GDP in Pakistan

  Pakistan GDP growth rate rose to 3.7 percent in 2012 from the previous year. Throughout the history from 1952 to 2012, GDP growth rate averaged 5.0 Percent reaching an all time high of 10.2 Percent in June of 1954 and a record low of -1.8 percent in June of 1952. Pakistan has a developing semi-industrialized economy that depend mostly on manufacturing, agriculture and remittances. In spite of the fact …

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Contribution of agriculture in GDP

  Agriculture is a predominant activity in most developing countries. As economic growth and development take place, importance of agriculture tends to decline according to the sources. The declining share of agriculture is, however, a slow phenomenon and is felt only over a relatively long time horizon. In Pakistan, the agriculture sector continues to be an essential component in the economy. It currently contributes 21 per cent to GDP. Agriculture …

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Foreign investments in Pakistan – A perspective for 2012

  FDI requires an enabling environment to ensure flow of funds and capital in different investment ventures. Investments are required in Pakistan for infrastructural development and industrial growth which would create jobs and translate into a higher GDP through enhanced production. The per capita income of Pakistan is only USD 1,254 considered low. The key is to eliminate poverty and increase reserves. With respect to the economic situation of Pakistan, …

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Mixed economic performance in 2014

  Overall fiscal year 2014 was a better year for the economy. As for the actual behavior of various macroeconomic indicators, real GDP during financial year 2014 grew by 4.1 percent compared to 3.7 percent in the previous year and the target of 4.4 percent is better close to meet. The fiscal deficit was indeed contained at 5.5 percent. Growth saw a modest revival, especially in manufacturing. Manpower, for instance, …

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Open economic system is considered as the stimulus factor behind Chinese economic growth

  By 2030, China’s economy could be 30 percent larger than that of US. China’s share of global GDP on Purchasing-Power-Parity (PPP) basis rose from 3.7 percent in 1990 to 14.3 percent in 2011 and rose to 16.06 percent this year. During the past 30 years, China’s economy has changed from a centrally planned system that was largely closed to international trade to a more market-oriented that has a rapidly …

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Impact of rebalancing move of China on developing economies

  China has been experiencing fastest GDP growth rate (not less than 10 percent) for the last two decades, but global financial crisis emanating in 2007 has resulted in gradual reduction in growth rate, which in recent years has gone down by 2 to 3 percent causing adverse repercussions on its current account surplus also which in the past had hovered around 10 to 12 percent of GDP, but of …

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Agriculture, livestock contributing GDP growth

  In Pakistan, the key objective of agriculture sector is to ensure proper production and availability of food for the citizens and also offers livelihoods to people directly involved in the sector along with the value adding chain. The achievement of sustainable progress in agriculture sector (contributes over 22 percent to GDP) completes macroeconomic objectives by its forward and backward linkages with the other sectors. Pakistan agriculture and food security …

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Reasons behind Pakistan’s lower GDP

  For the fiscal year 2014, the United Nations Economic and Social Commission for Asia and the Pacific have projected the country’s GDP to pick up to 4.1 percent. A report launched by UNESCAP stated that in the recent months, positive changes had been experienced in the economy of the country which included an improvement in the growth of large scale manufacturing industries; appreciation of the local currency; increase in …

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