Across the $300 Billion Barrier: 5.3% GDP Growth Propels Pakistan Economy

Posted In: News Date:May 18th, 2017

Pakistan economy has crossed the $300 billion barrier — the provisional economic report for 2016-17 suggests. The growth rate 5.3 percent achieved during the period is highest since 2008, when the country faced a severe recession. The news puts Pakistan in an elite list of countries having total gross domestic product over $300 billion.

 

Gross Domestic Product List

The Gross Domestic Product (GDP) is the monetary value of all the goods and services that a country has produced in one year. The number is taken as a metric of strength for the economy of any specific country and helps maintain global currency control.

The figures released by National Accounts Committee (NAC) show that 5.28 percent growth occurred in 2016-17 until June 30. The numbers of the month are taken as calculated estimates and final adjustments will be made before the report becomes official


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