ISLAMABAD: Pakistan has the potential to become the 18th largest economy of world by 2050, leaving behind many strong economies, according to Jim O’Neill, a British economist.
Jim O’Neill is famous for coining the term BRIC Brazil, Russia, India and China in 2001, analyzing their potential to become the world’s most powerful economies.
Now he has come up with a new term MINT Mexico, Indonesia, Nigeria and Turkey, projecting their economies to see the strong growth in the coming decades.
According to his projections for 2050, Pakistan would become the 18th largest economy in the world by 2050 with a GDP of US$3.33 trillion.
Currently, Pakistan stands at the 44th largest economy in the world with a GDP of US$225.14 billion.
This means that, if O’Neill’s projections are correct, Pakistan’s economy would grow 15 times in the next 35 years or so.
