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.

The Gross Domestic Product per capita in Pakistan was last recorded at 1643.68 US dollars in 2024. The GDP per Capita in Pakistan is equivalent to 13 percent of the world's average. This dataset provides - Pakistan GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

PK: Gross Capital Formation: % of GDP data was reported at 15.600 % in 2016. This records a decrease from the previous number of 15.700 % for 2015. PK: Gross Capital Formation: % of GDP data is updated yearly, averaging 16.800 % from Dec 1996 (Median) to 2016, with 21 observations. The data reached an all-time high of 22.100 % in 2006 and a record low of 14.100 % in 2011. PK: Gross Capital Formation: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Pakistan – Table PK.IMF: Contribution to GDP.

The gross domestic product (GDP) in current prices in Pakistan stood at 371.41 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by 332.79 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend.This indicator describes the gross domestic product at current prices. The values are 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.

The Fiscal Monitor surveys and analyzes the latest public finance developments, it updates fiscal implications of the crisis and medium-term fiscal projections, and assesses policies to put public finances on a sustainable footing.

Country-specific data and projections for key fiscal variables are based on the April 2020 World Economic Outlook database, unless indicated otherwise, and compiled by the IMF staff. Historical data and projections are based on information gathered by IMF country desk officers in the context of their missions and through their ongoing analysis of the evolving situation in each country; they are updated on a continual basis as more information becomes available. Structural breaks in data may be adjusted to produce smooth series through splicing and other techniques. IMF staff estimates serve as proxies when complete information is unavailable. As a result, Fiscal Monitor data can differ from official data in other sources, including the IMF's International Financial Statistics.

The country classification in the Fiscal Monitor divides the world into three major groups: 35 advanced economies, 40 emerging market and middle-income economies, and 40 low-income developing countries. The seven largest advanced economies as measured by GDP (Canada, France, Germany, Italy, Japan, United Kingdom, United States) constitute the subgroup of major advanced economies, often referred to as the Group of Seven (G7). The members of the euro area are also distinguished as a subgroup. Composite data shown in the tables for the euro area cover the current members for all years, even though the membership has increased over time. Data for most European Union member countries have been revised following the adoption of the new European System of National and Regional Accounts (ESA 2010). The low-income developing countries (LIDCs) are countries that have per capita income levels below a certain threshold (currently set at $2,700 in 2016 as measured by the World Bank's Atlas method), structural features consistent with limited development and structural transformation, and external financial linkages insufficiently close to be widely seen as emerging market economies. Zimbabwe is included in the group. Emerging market and middle-income economies include those not classified as advanced economies or low-income developing countries. See Table A, "Economy Groupings," for more details.

Most fiscal data refer to the general government for advanced economies, while for emerging markets and developing economies, data often refer to the central government or budgetary central government only (for specific details, see Tables B-D). All fiscal data refer to the calendar years, except in the cases of Bangladesh, Egypt, Ethiopia, Haiti, Hong Kong Special Administrative Region, India, the Islamic Republic of Iran, Myanmar, Nepal, Pakistan, Singapore, and Thailand, for which they refer to the fiscal year.

Composite data for country groups are weighted averages of individual-country data, unless otherwise specified. Data are weighted by annual nominal GDP converted to U.S. dollars at average market exchange rates as a share of the group GDP.

In many countries, fiscal data follow the IMF's Government Finance Statistics Manual 2014. The overall fiscal balance refers to net lending (+) and borrowing ("") of the general government. In some cases, however, the overall balance refers to total revenue and grants minus total expenditure and net lending.

The fiscal gross and net debt data reported in the Fiscal Monitor are drawn from official data sources and IMF staff estimates. While attempts are made to align gross and net debt data with the definitions in the IMF's Government Finance Statistics Manual, as a result of data limitations or specific country circumstances, these data can sometimes deviate from the formal definitions.

Pakistan PK: GDP: Gross Fixed Capital Formation data was reported at 4,632,800.000 PKR mn in 2017. This records an increase from the previous number of 4,095,600.000 PKR mn for 2016. Pakistan PK: GDP: Gross Fixed Capital Formation data is updated yearly, averaging 158,714.233 PKR mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 4,632,800.000 PKR mn in 2017 and a record low of 2,860.000 PKR mn in 1960. Pakistan PK: GDP: Gross Fixed Capital Formation data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Pakistan – Table PK.IMF.IFS: Gross Domestic Product: by Expenditure: Annual.

Pakistan PK: GDP: Consumption of Fixed Capital data was reported at 1,518,863.000 PKR mn in 2016. This records an increase from the previous number of 1,411,588.000 PKR mn for 2015. Pakistan PK: GDP: Consumption of Fixed Capital data is updated yearly, averaging 41,470.000 PKR mn from Dec 1961 (Median) to 2016, with 56 observations. The data reached an all-time high of 1,518,863.000 PKR mn in 2016 and a record low of 2,360.000 PKR mn in 1961. Pakistan PK: GDP: Consumption of Fixed Capital data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Pakistan – Table PK.IMF.IFS: Gross Domestic Product: by Expenditure: Annual.

The gross domestic product (GDP) per capita in Bangladesh amounted to 2,618.68 U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by 2,307.59 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 1,324.5 U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.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 rates and then divided by the total population. The gross domestic product 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).