According to ‘The Economist magazine’ the financial indicators published on Friday suggest that Pakistan is the fastest growing Muslim economy of the world.

Pakistan has become the 5th fastest growing economy in the world with Gross Domestic Product (GDP) is growing at the rate of 5.7% in 2015.

According to the publication of London based magazine, The Economist, India is leading the list of fastest growing countries with GDP at 7.6%.

China, Philippines and Vietnam are at the second, third and fourth number with GDP 6.9%, 6.7% and 6.2% respectively.

The interactive table of economics and financial indicators in ‘The Economist’ revealed that Pakistan is way ahead than larger Muslim economies in terms of economic growth in the recent years.

The Muslim countries like Malaysia, Indonesia, Egypt and Turkey are all below the Pakistan in economic growth.

It’s first time, that international monetary agency recognize Pakistan as a fastest growing economy in Muslim World.

Pakistan is a under-developing nation, whose per capita income is gradually increases while in last decade it suffered badly with terrorism and political instability. But now country is come out from recession.

 

Comments