Pakistan may become sixth largest economy in the world by 2075: Research paper

According to a study released by Goldman Sachs on Tuesday, if “proper policies and institutions” are in place, Pakistan’s economy will rank as the sixth largest in the world by 2075.

The Path to 2075, a report by economists Kevin Daly and Tadas Gedminas, predicted that by 2075, China, India, the US, Indonesia, and Nigeria would be the five greatest economies.

For almost two decades, Goldman Sachs has predicted the long-term prosperity of nations, initially with the BRICs but later expanding to embrace 70 emerging and industrialised economies.

Their most recent research includes forecasts for 104 nations until the year 2075.

Because of its projected population expansion, Pakistan, along with Egypt and Nigeria, may become one of the world’s major economies within the next 50 years, according to Goldman Sachs.

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According to the research, Pakistan’s Real GDP will have increased to $12.7 trillion and its GDP per capita to $27,100 by that time.

However, it is anticipated that these numbers will be less than one-third the size of China, India, and the US. The real GDP of India is expected to reach $52.5 trillion in 2075, with a per-capita GDP of $31,300.