Pakistan to Become 23rd Biggest Economy by 2040
Depending on its projected gross domestic product (GDP) rank, which presently lies at 39th place, Pakistan is expected to become the world’s 23rd largest economy by 2040, according to a United States intelligence study, which is released every four years.
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The analysis was included in the US National Intelligence Council’s (NIC) annual Global Trends report, which aims to assist decision-makers and the general public in foreseeing the economic, environmental, technological, and demographic forces that are likely to shape the world over the next 20 years.
China and other developing Asian nations made up 18% and 7%, respectively, of the global GDP in 2020.
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By 2040, some of the most populous nations might have some of the largest economies in the world due to Asia’s rapid economic growth, according to the report.
Their living standards or per capita GDP, the research continued, are expected to stay significantly lower than those of industrialized economies.
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