Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2023, Quarterly smartphone market share worldwide by vendor 2009-2023, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. GDP per Capita by Country 2023 - World Population Review Pakistan Nominal GDP reached 377.286 USD bn in Jun 2022. Pakistan Overview: Development news, research, data | World Bank He said it could be a "big blow to the economy" if the stakeholders didnt make the right decisions swiftly. And the Pakistani central bank raised its interest rate by 100 basis points to battle the countrys highest inflation in decades, expected to be as high as 26% in January. In contrast, GDP per capita (PPP) factors in each country's relative cost of living and inflation rate. It will have to repay $80 billion in the coming three years. Language links are at the top of the page across from the title. The Pakistan Bureau of Statistics provides Nominal GDP in local currency based on SNA 2008 with benchmark year 2015-2016. Asia, Pacific Chinese Overseas Police Service Stations are known to be present in Israel and theUAE. The lower activity is expected to spill over to the wholesale and transportation services sectors, weighing on services output growth," the report read. and Education (1990-1991=100), Pakistan Consumer Price Index (CPI): Cleaning, Laundry & Personal Appearance (1990-1991=100), Pakistan Consumer Price Index (CPI): Income < PKR 1500 (1990-1991=100), Pakistan Consumer Price Index (CPI): Income < PKR 1500: Food, Beverages and T (1990-1991=100), Pakistan Consumer Price Index (CPI): Income < PKR 1500: Apparel, Textile and (1990-1991=100), Pakistan Consumer Price Index (CPI): Income < PKR 1500: House Rent (1990-1991=100), Pakistan Consumer Price Index (CPI): Income < PKR 1500: Fuel and Lighting (1990-1991=100), Pakistan Consumer Price Index (CPI): Income < PKR 1500: Household Furniture a (1990-1991=100), Pakistan Consumer Price Index (CPI): Income < PKR 1500: Transport and Communi (1990-1991=100), Pakistan Consumer Price Index (CPI): Income < PKR 1500: Recreation, Entertain (1990-1991=100), Pakistan Consumer Price Index (CPI): Income < PKR 1500: Cleaning, Laundry & P (1990-1991=100), Pakistan Consumer Price Index (CPI): Income < PKR 1500: Medicine (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 1501 to 4000 (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 1501 to 4000: Food, Beverages a (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 1501 to 4000: Apparel, Textile (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 1501 to 4000: House Rent (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 1501 to 4000: Fuel and Lighting (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 1501 to 4000: Household Furnitu (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 1501 to 4000: Transport and Com (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 1501 to 4000: Recreation, Enter (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 1501 to 4000: Cleaning, Laundry (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 1501 to 4000: Medicine (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 4001 to 7000 (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 4001 to 7000: Food, Beverages a (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 4001 to 7000: Apparel, Textile (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 4001 to 7000: House Rent (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 4001 to 7000: Fuel and Lighting (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 4001 to 7000: Household Furnitu (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 4001 to 7000: Transport and Com (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 4001 to 7000: Recreation, Enter (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 4001 to 7000: Cleaning, Laundry (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 4001 to 7000: Medicine (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 7001 to 10000 (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 7001 to 10000: Food, Beverages (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 7001 to 10000: Apparel, Textile (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 7001 to 10000: House Rent (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 7001 to 10000: Fuel and Lightin (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 7001 to 10000: Household Furnit (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 7001 to 10000: Transport and Co (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 7001 to 10000: Recreation, Ente (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 7001 to 10000: Cleaning, Laundr (1990-1991=100), Pakistan Consumer Price Index (CPI): Income, PKR 7001 to 10000: Medicine (1990-1991=100), Pakistan Consumer Price Index (CPI): Income > PKR 10000 (1990-1991=100), Pakistan Consumer Price Index (CPI): Income > PKR 10000: Food, Beverages and Tob (1990-1991=100), Pakistan Consumer Price Index (CPI): Income > PKR 10000: Apparel, Textile and Fo (1990-1991=100), Pakistan Consumer Price Index (CPI): Income > PKR 10000: House Rent (1990-1991=100), 1980-1981 Base: Gross Domestic Product: Current Price and 1980-1981 Price, 1980-1981 Base: Gross National Product: By Expenditures: 1980-1981 Price, 1999-2000 Base: Gross Domestic Product by Industry: 1999-2000 Price, 2005-2006 Base: Gross Domestic Product by Expenditure: 2005-2006 Price, 2005-2006 Base: Gross Domestic Product by Industry: Current Price, 2005-2006 Base: Gross Fixed Capital Formation: 2005-2006 Price, Gross Domestic Product: Annual Growth Rate, Gross Domestic Product: Deflator and Volume Index: Annual, Gross Domestic Product: Purchasing Power Parity, SNA08: Gross Domestic Product by Expenditure: Current Price, SNA08: Gross Domestic Product by Industry: Current Price, 1980-1981 Base: Gross Domestic Product: By Industry: 1980-1981 Price, 1980-1981 Base: Gross Fixed Capital Formation (GFCF), 1999-2000 Base: Gross Domestic Product by Expenditure: 1999-2000 Price, 1999-2000 Base: Gross Fixed Capital Formation: 1999-2000 Price, 2005-2006 Base: Gross Domestic Product by Industry: 2005-2006 Price, 2005-2006 Base: Gross Fixed Capital Formation, Gross Domestic Product: by Expenditure: Annual, SNA08: Gross Domestic Product by Expenditure: 2005-2006 Price, SNA08: Gross Domestic Product by Industry: 2005-2006 Price. Accessed July 01, 2023. https://www.statista.com/statistics/383750/gross-domestic-product-gdp-per-capita-in-pakistan/, IMF. Pakistanis are putting their lives at risk to collect something as basic as a sack of flour. In the fiscal year 202223, the debt servicing obligations of Rs. Show publisher information List of Asian countries by GDP (PPP) per capita - Wikipedia This makes it arguably more accurate with regard to country-to-country comparisons. Request your free sample report now. When the recent stampedes over food flooded social media, so did the deeper questions: How did the country end up here? "Industry output is also expected to shrink with supply chain disruptions, weakened confidence and higher borrowing costs and fuel prices. But the war in Ukraine also halted grain supply to a number of countries, including Pakistan, resulting in a sharp increase in prices of foodgrains. Access essential information in the shortest possible time. I believe the average New York Times reader, off the cuff, regards a first world country as one with a GDP per capita nominal of at least 40% of US GDP per capita. source: World Bank 10Y 25Y 50Y MAX Chart Compare Export API Amid ousting, he ignited Haqeeqi Azaadi political movement which caused nationwide political unrest calling for early elections and civilian supremacy which in result worked as a catalyst for already worsening economic condition. facts. The table below is an imperfect attempt at assessing Pakistan's Income per capita level (proxied as World Economics GDP per capita) and Pakistan's Asset wealth per capita (proxied by data derived from the Credit Suisse Wealth Report 2022), and using Untited Nations population data. July 1965, according to the research firm Arif Habib Ltd, and is expected to rise in the upcoming months. 5,748.0. Gross Savings Rate of Pakistan was measured at 3.757 % in Jun 2022. The activity has reduced with policy restrictions, flood effects, import controls, high borrowing, fuel costs, low confidence and and political uncertainty. Gross Investment-Public is estimated to reach 2.8 per cent in 2022-23 in comparison to 3.4 per cent in 2021-22, Business Recorder reported. Gross Savings Rate of Pakistan was measured at 3.757 % in Jun 2022. Pakistan's Economic Crisis: What Went Wrong? - The Diplomat [45][46], Delays in securing letters of credit resulted in ships and containers of pharmaceutical raw material, medicines and healthcare devices imported from other countries to be stuck at seaports for prolonged periods. By June 2022, inflation was at an all time high, along with rising food prices. 2030 is only 8 years away, by making very modest assumptions about economic growth it is possible to project forward economic data to 2030. The economy has likely weakened in FY 2023 (July 2022-June 2023) to date. $40,000 - $50,000. Please check your download folder. [16], At the end of March 2022, the State Bank of Pakistans reserves stood at $11.425bn, but they gradually tanked to an almost four-year low of $6.715bn on 2nd December. Pakistan | GDP | 2023 | Economic Data | World Economics The GDP per capita is obtained by dividing the countrys gross domestic product, adjusted by inflation, by the total population. Currently, you are using a shared account. April 7, 2023. Pakistan GDP per capita (USD) - FocusEconomics Pakistan GDP Per Capita - Historical Data; Year GDP Per Capita (US $) Annual Growth Rate (%) 2021: $1,505: 13.82%: 2020: $1,322-7.99%: 2019: $1,437-11.33%: 2018: $1,621: 3.39%: 2017: $1,568: 6.73%: 2016: $1,469: 14.53%: 2015: $1,282: 9.29%: 2014: $1,173: 4.21%: 2013: $1,126: 1.47%: 2012: $1,110: 3.18%: 2011: $1,075: 18.04%: 2010: $911: 3.01% . GDP per Capita is in annual frequency, ending in June of each year. Between February 2023 and June 2026, Pakistan will have to repay around $80 billion in foreign debt. Mid-year Population estimates are used for the calculation of GDP per Capita. During 2019 Imran Khan tried to make a deal with IMF and agreed with the several terms and conditions which resulted the increase in inflation but Imran Khan failed to gain IMF loan. World Bank estimates decline in Pakistan's GDP per capita income to USD Show publisher information 10Y 25Y Likewise, its unemployment and inflation rates are . It pencils in a slightly smaller fiscal deficit compared to FY 2023 of 6.5%, with a record public sector development program to be funded by raising tax revenue by 28%. 3 Figure 2: Annual Growth of Exports and GDP (East Asia & Pacific Region; 1970-2019) An important aspect that affects the level of trade of countries are exchange rates. New World Bank country classifications by income level: 2022-2023 [50], Chinese officials blamed the West for Pakistans economic crisis,[51] and state media continues to talk about the strengths of the China-Pakistan Economic Corridor. This chart displays GDP per capita (USD) for Pakistan from 2013 to 2022. Please check your download folder. Per capita income declined from USD 1,765 last year to USD 1,568 on account . PDF How Do Exchange Rates Affect the Big One? an Empirical Analysis of The This site uses cookies to optimize functionality and give you the best possible experience. $50,000 - $60,000. FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Pakistan heavily relies on imported oil. The gross domestic product (GDP) in current prices in Costa Rica was forecast to continuously increase between 2023 and 2028 by 23.2 billion U.S. dollars (+29.83 percent). * Estimate.The values have been rounded to provide a better understanding of the statistic. Available: https://www.statista.com/statistics/383750/gross-domestic-product-gdp-per-capita-in-pakistan/, Pakistan: Gross domestic product (GDP) per capita in current prices from 1986 to 2022, Immediate access to statistics, forecasts & reports, Life expectancy at birth in Pakistan 2021, Life expectancy at birth in Pakistan 2021, by gender, Median age of the population in Pakistan 2020, Gross domestic product (GDP) in Pakistan 2022, Gross domestic product (GDP) per capita in Pakistan 2022, Gross domestic product (GDP) growth rate in Pakistan 2028*, Pakistan: Share in global GDP adjusted for PPP 2028, Distribution of gross domestic product (GDP) across economic sectors Pakistan 2021, Employment by economic sector in Pakistan 2021, Youth unemployment rate in Pakistan in 2022, National debt of Pakistan in relation to gross domestic product (GDP) 2028, Ratio of military expenditure to gross domestic product (GDP) in Pakistan 2021, Ratio of government expenditure to gross domestic product (GDP) in Pakistan 2028, Pakistan's budget balance in relation to GDP 2028, New cases of COVID-19 worldwide from January 23, 2020 to June 13, 2023, by day, Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to Jun. MAX. $30,000 - $40,000. The government raised fuel prices by 16%. CEIC calculates GDP per Capita from annual Nominal GDP and annual Population and converts it into USD. Here you have the comparison of India vs Pakistan, GDP per capita (Dollars) Country comparison, you can compare any two countries and see the data side by side. 13, 2023, by day, Retail net sales in Pakistan 2013-2018, per capita, Number of Pakistani immigrants living in France 2019, by age, Pakistan - the number of U.S. air strikes 2004-2018, Rapeseed oil consumption in Pakistan 2009-2020, Americans' views of Pakistan, Afghanistan and North Korea from 2000 to 2012, Market share of Pakistan's crop protection industry 2016, by product type, Pakistan: opium poppy field destruction 1996-2015, Deaths from U.S. air strikes in Pakistan 2004-2017, Total consumer spending in Pakistan 2013 to 2018, Household electricity consumption per capita in Pakistan 2000-2016, Industry revenue of Liquid crystal panel and flat-panel in Japan 2012-2024, Export value of footwear Thailand 2022, by type, Pakistan: Gross domestic product (GDP) per capita in current prices from 1986 to 2022 (in U.S. dollars), Find your information in our database containing over 20,000 reports. Directly accessible data for 170 industries from 150+ countries [5] Pakistans economic crisis is the biggest crisis since its independence. According to the Observatory of Economic Complexity, the South Asian nation of 220 million is the world's largest tea importer, having bought more than $640 million worth of tea in 2020.
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