At $347 billion, Pakistan’s standing among world economies has improved to 35th -- below Denmark -- which has $355 billion worth of economy size. The rebasing exercise has enhanced the coverage of economic activities, and improve the estimation methodologies and sources of data. This shows that in the previous base year of 2005-06, the economy was underestimated by 11.3%, said the ministry. As a consequence, the rupee value of the total goods and services produced in the economy in fiscal year 2020-21 is now estimated at Rs55.5 trillion. However, it is still lower when compared with the $357 billion size of the economy estimated during the year of 2017-18, which is the last year of the Pakistan Muslim League-Nawaz (PML-N) government.

Source: The Express Tribune January 21, 2022 20:49 UTC