GDP growth rate in 2020-21
The PBS has released the revised estimate of the GDP growth rate for 2020-21. It has increased to 5.57 percent from the preliminary estimate of 3.94 percent. Clearly, the process…
Rebasing GDP
The process of rebasing the Gross Domestic Product (GDP) entails the replacement of an older base year with a more recent base year to keep up with price changes. The…
GDP estimates
Provincial GDP figures for 2019-20 will be announced. The official number is likely to remain in the range of negative 0.6 percent to 0.7 percent. The IMF projection is of…
The GDP growth rate
The Pakistan Bureau of Statistics (PBS) has revealed the final estimate of the GDP growth rate for 2018-19 and the preliminary estimate of the GDP growth rate for 2019-20. This…
Overstating the GDP growth rate
The Pakistan Economic Survey of 2019-20 gives the preliminary estimate of the GDP growth rate this year. It is a negative 0.4 percent. The last time the GDP declined in…
Understated GDP
It's no news that informal economy is significant in Pakistan. What some would not know is that within documented economy, not everything is measured in GDP computation. It can be…
GDP rebasing: fix PBS first
Key macroeconomic ratios – debt, fiscal and current account are measured in terms of nominal GDP and feed into determination of crucial indicators on country ratings. The investment and debt…
GDP components that need a visit
Pakistani administration after administration has implemented almost identical policies to incentivize two productive sectors - industry and agriculture through supportive monetary policy (cheap credit to target groups and/or intervention in…
Beyond GDP: equity, wellbeing and sustainability
Let me start the article by giving two quotes in order to lay the basis for understanding why it is important for policymakers to give far less importance to gross…
The GDP growth rate
The National Income Accounts Committee has endorsed the provisional GDP growth rate estimate by the PBS for 2018-19 at 3.3 percent and also the revised estimate of the growth rate…
