Economic survey: no economic target achieved in 2011-12

[Ali_Syed]

Re: Economic survey: no economic target achieved in 2011-12

@Sa1eem

Your figure of 176 billion dollars seems GDP of Pakistan for year 2008-09. For same year, it is possible that calculated dollar PPP for Pakistan was one dollar in Pakistan = 2.77 dollars in USA, that means GDP (in PPP) = 488 bn dollars (or $176 bn multiplied by 2.77). I hope you got the answer of your question, and if not, please ask.

Thanks for your input, and your post was really informative! I have two questions from this post:

1. First of all while calculating nominal GDP why would we use the values of USD different in Pakistan and US, is that due to the different purchasing power parities?

2. If we use nominal GDP for calculating different ratios like tax/GDP and loan/GDP ratios. Since GDP would be the price of goods and services produced over the year, so wouldnt increase in inflation would increase its value? Maybe the produce has decreased year to year but the inflation would be portraying as if the country is going strong.