GDP Series with Base Year of 2015-16 Annexure-1: GDP Series with Base Year of 2015-16 The base year of the GDP estimates of Pakistan was changed from 2005-06 by the PBS in February 2022. The latest Pakistan Economic Survey contains thee estimates from 2015-16 to 2021-22. The comparison of the three governments requires a consistent GDP at current prices from 2007-08 to 2021-22, with the same base year, that is, 2015-16. However, this has not been done yet by the PBS. Therefore, an effort is made below to construct such a series. The methodology used is to determine the pattern of divergence in the GDP estimates based on the base years of 2005-06 and 2015-16. This shown below. Increase in GDP estimate with base year of 2015-16 as compared with the estimate with the base year of 2005-06 Year% 2015-16 12.55% 2016-17 11.37% 2017-18 13.21% 2018-19 14.76% 2019-20 14.40% 2020-21 16.95% Therefore, the difference in percentage terms increases over the years. This trend is extrapolated backwards such that the estimate for 2005-06 remains, more or less, unchanged. The resulting estimates of the GDP at current prices are given in Table S-1. 193
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