A STUDY OF GDP PATTERN AND GROWTH OF SAARC COUNTRIES: AN OVERVIEW

This research paper attempts to undertake an economic assessment of GDP pattern and its growth over the period of 15 years (2005-2020) to identify the potential of trade growth in South Asian Association for Regional Cooperation (SAARC) countries i.e. Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. The study is based on secondary data collected from different reliable sources i.e. WITS ( World Integrated Trade Solutions, World Bank) and ADB (Asian Development Bank).This study examined some of  the macroeconomic indicators  such as  GDP, Annual GDP growth, Annual per capita GDP growth and Trade to GDP ratio countries to identify the potentiality of trade enhancement with each other. The GDP growth and contribution of trade percentage in GDP of SAARC is low and stagnant for a long period but SAFTA (South Asian Free Trade Agreement) can be a strong source of economic development and it can also enhance socio-economic opportunities throughout the region. This approach can also help less developed countries to develop their economies and also can ensure the best possible use of the existing resources.

___________________________________________________________________________________

 

Keywords: SAARC, GDP, SAFTA, Economic Indicators.


DOI:

Article DOI:

DOI URL:


Download Full Paper:

Download