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Art Beat on Main Street

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Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Art Beat on Main Street
Phone:
+1 760-295-3118

Address:
330 Main St, Vista, CA 92084, USA

The economy of Pakistan is the 25th largest in the world in terms of purchasing power parity , and 42nd largest in terms of nominal gross domestic product. Pakistan has a population of over 207 million , giving it a nominal GDP per capita of $1,641 in 2018, which ranks 147th in the world and giving it s PPP GDP per capita of 5,709 in 2018, which ranks 130th in the world for 2018. However, Pakistan's undocumented economy is estimated to be 36% of its overall economy, which is not taken into consideration when calculating per capita income. Pakistan is a developing country and is one of the Next Eleven countries identified by Jim O'Neill in a research paper as having a high potential of becoming, along with the BRICS countries, among the world's largest economies in the 21st century. The economy is semi-industrialized, with centres of growth along the Indus River. Primary export commodities include textiles, leather goods, sports goods, chemicals, carpets/rugs and medical instruments.Growth poles of Pakistan's economy are situated along the Indus River; the diversified economies of Karachi and major urban centers in the Punjab, coexisting with lesser developed areas in other parts of the country. The economy has suffered in the past from internal political disputes, a fast-growing population, mixed levels of foreign investment. Foreign exchange reserves are bolstered by steady worker remittances, but a growing current account deficit – driven by a widening trade gap as import growth outstrips export expansion – could draw down reserves and dampen GDP growth in the medium term. Pakistan is currently undergoing a process of economic liberalization, including privatization of all government corporations, aimed to attract foreign investment and decrease budget deficit. In October 2016, foreign currency reserves crossed $24.0 billion which has led to stable outlook on the long-term rating by Standard & Poor's. In 2016, BMI Research report named Pakistan as one of the ten emerging economies with a particular focus on its manufacturing hub.In October 2016, the IMF chief Christine Lagarde confirmed her economic assessment in Islamabad that Pakistan's economy was 'out of crisis' The World Bank predicts that by 2018, Pakistan's economic growth will increase to a robust 5.4% due to greater inflow of foreign investment, namely from the China-Pakistan Economic Corridor. According to the World Bank, poverty in Pakistan fell from 64.3% in 2002 to 29.5% in 2014. Pakistan's fiscal position continues to improve as the budget deficit has fallen from 6.4% in 2013 to 4.3% in 2016. The country's improving macroeconomic position has led to Moody's upgrading Pakistan's debt outlook to stable.In 2017, Pakistan's GDP in terms of purchasing power parity crossed $1 trillion.
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