The gross domestic product (GDP) in current prices in Pakistan increased by 37.1 billion U.S. dollars (+10.99 percent) in 2024. In total, the GDP amounted to 374.6 billion U.S. dollars in 2024. The gross domestic product at current prices is defined based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.Find more key insights for the gross domestic product (GDP) in current prices in countries like Bangladesh, India, and Sri Lanka.

The Gross Domestic Product (GDP) in Pakistan was worth 338.37 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Pakistan represents 0.32 percent of the world economy. This dataset provides - Pakistan GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Pakistan expanded 5.79 percent in fiscal year 2017/18, ending in June 2018. This dataset provides - Pakistan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the gross domestic product (GDP) per capita in Pakistan increased by 129.6 U.S. dollars (+8.89 percent) compared to 2023. In total, the GDP per capita amounted to 1,587.6 U.S. dollars in 2024. This indicator describes the gross domestic product per capita at current prices. Thereby the gross domestic product was first converted from national currency to U.S. dollars at current exchange prices and then divided by the total population. The gross domestic products is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).Find more key insights for the gross domestic product (GDP) per capita in countries like Bangladesh, Afghanistan, and India.

Pakistan’s gross domestic product (GDP) growth was 5.77 percent in 2021 after adjusting for inflation.

GDP in developing nations

Gross domestic product measures value of all final goods and services produced within a country’s borders during a certain period of time. In developing countries, GDP should rise more quickly due to “catch-up growth”. In many developing nations, employment is shifted from agriculture to the services sector; simply shifting workers from one sector to more productive sectors increases the income of both the workers and their employers, increasing GDP. This raises GDP per capita (383750), which gives a general idea of the level of development.

International setting

Due to historic tensions, Pakistan neither imports nor exports a significant amount from its neighbor India, favoring China instead. Its other neighbors, Afghanistan and Iran, are not as economically stable at the moment. Pakistan's own GDP is also not in the best shape and is expected to drop during 2019, however, Pakistan stands to benefit from China’s Belt and Road Initiative, which would revive the trading routes that made Pakistan wealthy in past centuries. If this comes to fruition, the GDP for Pakistan is sure to increase.

GDP, PPP (current international $) in Pakistan was reported at 1494098200132 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Pakistan - GDP, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Key information about Pakistan Nominal GDP Growth

• Pakistan Nominal GDP Growth was reported at 25.810 % in Dec 2024.
• This records a decrease from the previous number of 25.940 % for Dec 2023.
• Pakistan Nominal GDP Growth data is updated yearly, averaging 12.331 % from Dec 2001 to 2024, with 24 observations.
• The data reached an all-time high of 25.940 % in 2023 and a record low of 6.618 % in 2002.
• Pakistan Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Annual.

CEIC shifts year-end for annual Nominal GDP Growth. Nominal GDP Growth is calculated from annual Nominal GDP. The Pakistan Bureau of Statistics provides Nominal GDP in local currency. Nominal GDP is reported in annual frequency, ending in June of each year.

The ratio of national debt to gross domestic product (GDP) in Pakistan was forecast to continuously decrease between 2024 and 2029 by in total 8.6 percentage points. After the fourth consecutive decreasing year, the ratio is estimated to reach 60.68 percent and therefore a new minimum in 2029. This indicator describes the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like Nepal, Afghanistan, and Bangladesh.

Key information about Pakistan Current Account Balance: % of GDP

• Pakistan Current Account deficit accounted for 0.5 % of the country's Nominal GDP in Jun 2024, compared with a 1.0 % deficit in the previous year.
• Pakistan Current Account Balance: % of Nominal GDP data is updated yearly, available from Jun 1977 to Jun 2024, with an average value of -2.8 %.
• The data reached an all-time high of 3.6 % in Jun 2003 and a record low of -6.9 % in Jun 2008.

CEIC calculates Current Account Balance as % of Nominal GDP from annual Current Account Balance and annual Nominal GDP. The State Bank of Pakistan provides Current Account Balance in USD. The Pakistan Bureau of Statistics provides Nominal GDP in local currency. The State Bank of Pakistan average market exchange rate is used for currency conversions. Current Account Balance as % of Nominal GDP prior to 2003 is calculated from Current Account Balance sourced from the International Monetary Fund and Nominal GDP sourced from the World Bank. Current Account Balance as % of Nominal GDP is in annual frequency, ending in June of each year.


Key information about Pakistan Current Account Balance: % of GDP

• In the latest reports of Pakistan, Current Account recorded a deficit of 131.0 USD mn in Sep 2024.
• Foreign Direct Investment (FDI) increased by 219.2 USD mn in Nov 2024.
• Pakistan Direct Investment Abroad expanded by 1.0 USD mn in Sep 2024.
• Its Foreign Portfolio Investment increased by 133.0 USD mn in Sep 2024.
• The country's Nominal GDP was reported at 341.3 USD bn in Jun 2023.

The budget balance in relation to the GDP in Pakistan was forecast to continuously increase between 2024 and 2029 by in total 3.9 percentage points. After the seventh consecutive increasing year, the budget balance is estimated to reach -2.82 percent and therefore a new peak in 2029. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more key insights for the budget balance in relation to the GDP in countries like Bhutan, Afghanistan, and Bangladesh.

In 2023, agriculture contributed around 23.37 percent to the GDP of Pakistan, 20.76 percent came from the industry, and over half of the economy’s contribution to GDP came from the services sector. Divisions of the economy There are three main sectors of economy: The primary sector encompassed agriculture, fishing and mining. The secondary sector is the manufacturing sector, also known as the industry sector; and last but not least, the tertiary sector, alias the services sector, which includes services and intangible goods, like tourism, financial services, or telecommunications. Today, most developed countries have a well-established services sector that contributes the lion’s share to their GDP. On the other hand, economies that still need support and are still developing typically rely on agriculture to fuel their economy. If they transition to a developed nation, it is usually because their economy is now able to focus on services as an economic driver. Pakistan’s economic driver Although Pakistan is not considered a fully developed nation yet, over half of its annual GDP is now generated by the services sector. However, the primary sector plays an important role for the country: It is still responsible for almost a quarter of GDP contribution, and it employs almost half of Pakistan’s workforce. Pakistan is rich in arable land, which explains why the majority of the Pakistani population lives in rural areas, producing and selling sugarcane, wheat, cotton, and rice, which are also exported to other countries.

The ratio of government expenditure to GDP in Pakistan was forecast to continuously decrease between 2024 and 2029 by in total 0.7 percentage points. According to this forecast, in 2029, the ratio will have decreased for the fourth consecutive year to 18.57 percent. This indicator depicts the general government expenditure as a share of the national gross domestic product. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.Find more key insights for the ratio of government expenditure to GDP in countries like Nepal, Sri Lanka, and Afghanistan.

Pakistan GDP: GVA: Services data was reported at 53,383,427.018 PKR mn in 2024. This records an increase from the previous number of 42,615,839.000 PKR mn for 2023. Pakistan GDP: GVA: Services data is updated yearly, averaging 11,527,569.816 PKR mn from Jun 2000 (Median) to 2024, with 25 observations. The data reached an all-time high of 53,383,427.018 PKR mn in 2024 and a record low of 2,679,798.588 PKR mn in 2000. Pakistan GDP: GVA: Services data remains active status in CEIC and is reported by Pakistan Bureau of Statistics. The data is categorized under Global Database’s Pakistan – Table PK.A005: SNA08: 2015-16 Base: Gross Domestic Product by Industry: Current Price: Annual.

Key information about Pakistan Consolidated Fiscal Balance: % of GDP

• Pakistan Consolidated Fiscal Balance recorded a deficit equal to 3.7 % of its Nominal GDP in Jun 2024, compared with a deficit equal to 7.8 % in the previous year
• Pakistan Consolidated Fiscal Balance to GDP data is updated yearly, available from Jun 2000 to Jun 2024, with an average ratio of -5.0 %
• The data reached an all-time high of -1.7 % in Jun 2004 and a record low of -7.9 % in Jun 2022

CEIC calculates Consolidated Fiscal Balance as % of Nominal GDP from annual Consolidated Fiscal Balance and annual Nominal GDP. The Ministry of Finance provides Consolidated Fiscal Balance in local currency. The Pakistan Bureau of Statistics provides Nominal GDP in local currency. Consolidated Fiscal Balance as % of Nominal GDP is in annual frequency, ending in June of each year

The share in the global GDP adjusted for PPP in Pakistan was forecast to continuously increase between 2024 and 2029 by in total 0.04 percentage points. After the fourth consecutive increasing year, the share is estimated to reach 0.85 percent and therefore a new peak in 2029. Following the definitions provided by the International Monetary Fund, this indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.Find more key insights for the share in the global GDP adjusted for PPP in countries like Nepal, India, and Bangladesh.

Key information about Pakistan Foreign Exchange Reserves: % of GDP

• Pakistan Foreign Exchange Reserves: % of GDP was reported at 5.000 % in Dec 2024
• This stayed constant from the previous number of 5.000 % for Nov 2024
• Pakistan Foreign Exchange Reserves: % of GDP data is updated monthly, averaging 5.000 % from Jul 2006 to Dec 2024, with 222 observations
• The data reached an all-time high of 9.000 % in Sep 2008 and a record low of 5.000 % in Dec 2024
• Pakistan Foreign Exchange Reserves: % of GDP data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Reserve Requirement Ratio: Monthly

The State Bank of Pakistan provides Reserve Requirement Ratio.

Pakistan GDP: GVA: Industrial: Manufacturing data was reported at 3,427,038.108 PKR mn in Sep 2024. This records an increase from the previous number of 3,351,555.734 PKR mn for Jun 2024. Pakistan GDP: GVA: Industrial: Manufacturing data is updated quarterly, averaging 1,461,897.036 PKR mn from Sep 2015 (Median) to Sep 2024, with 37 observations. The data reached an all-time high of 3,667,295.789 PKR mn in Mar 2024 and a record low of 865,447.058 PKR mn in Sep 2015. Pakistan GDP: GVA: Industrial: Manufacturing data remains active status in CEIC and is reported by Pakistan Bureau of Statistics. The data is categorized under Global Database’s Pakistan – Table PK.A004: SNA08: 2015-16 Base: Gross Domestic Product by Industry: Current Price.

Pakistan GDP: GVA: Industrial: Manufacturing: Small and Household data was reported at 2,252,234.479 PKR mn in 2024. This records an increase from the previous number of 1,732,217.433 PKR mn for 2023. Pakistan GDP: GVA: Industrial: Manufacturing: Small and Household data is updated yearly, averaging 281,836.446 PKR mn from Jun 2000 (Median) to 2024, with 25 observations. The data reached an all-time high of 2,252,234.479 PKR mn in 2024 and a record low of 46,837.290 PKR mn in 2000. Pakistan GDP: GVA: Industrial: Manufacturing: Small and Household data remains active status in CEIC and is reported by Pakistan Bureau of Statistics. The data is categorized under Global Database’s Pakistan – Table PK.A005: SNA08: 2015-16 Base: Gross Domestic Product by Industry: Current Price: Annual.

In 2023, India’s real gross domestic product (GDP) growth rate was around 8.15 percent, the highest in South Asia. In contrast, Nepal reported the lowest real GDP growth rate in the region at approximately 1.95 percent that year, but it was forecasted to increase by 2.5 times to nearly 4.9 percent in 2025.Economy in South Asia In general, South Asia encompasses Sri Lanka, Pakistan, Afghanistan, Bangladesh, Nepal, India and Bhutan. In 2020, India had a GDP of over 2.6 trillion U.S. dollars, while Bangladesh and Sri Lanka followed. The Maldives and Bhutan were among the countries with the lowest GDP in the Asia-Pacific region. In South Asia, the main economic activities include the services sector as well as the industrial and manufacturing sectors.Society in South AsiaFrom the South Asian countries, Bangladesh had the highest share of people living below the poverty line. The Maldives and Sri Lanka exhibited the highest and second-highest GDP per capita among the South Asian countries in 2021.

The Gross Domestic Product per capita in Pakistan was last recorded at 5439.19 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Pakistan, when adjusted by Purchasing Power Parity is equivalent to 31 percent of the world's average. This dataset provides - Pakistan GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.