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.

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 (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 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.

Pakistan PK: GDP: Growth data was reported at 5.701 % in 2017. This records an increase from the previous number of 5.527 % for 2016. Pakistan PK: GDP: Growth data is updated yearly, averaging 4.963 % from Jun 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 11.353 % in 1970 and a record low of 0.468 % in 1971. Pakistan PK: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Pakistan – Table PK.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Economic growth is central to economic development. When national income grows, real people benefit. While there is no known formula for stimulating economic growth, data can help policy-makers better understand their countries' economic situations and guide any work toward improvement. Data here covers measures of economic growth, such as gross domestic product (GDP) and gross national income (GNI). It also includes indicators representing factors known to be relevant to economic growth, such as capital stock, employment, investment, savings, consumption, government spending, imports, and exports.

Graph and download economic data for Gross Domestic Product for Pakistan (MKTGDPPKA646NWDB) from 1960 to 2023 about Pakistan and GDP.

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.

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.

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.

Contains data from the World Bank's data portal covering the following topics which also exist as individual datasets on HDX: Agriculture and Rural Development, Aid Effectiveness, Economy and Growth, Education, Energy and Mining, Environment, Financial Sector, Health, Infrastructure, Social Protection and Labor, Poverty, Private Sector, Public Sector, Science and Technology, Social Development, Urban Development, Gender, Millenium development goals, Climate Change, External Debt, Trade.

Pakistan PK: GDP: Growth: Final Consumption Expenditure: Household data was reported at 8.735 % in 2017. This records an increase from the previous number of 7.622 % for 2016. Pakistan PK: GDP: Growth: Final Consumption Expenditure: Household data is updated yearly, averaging 3.559 % from Jun 1987 (Median) to 2017, with 31 observations. The data reached an all-time high of 13.014 % in 1992 and a record low of -1.325 % in 1991. Pakistan PK: GDP: Growth: Final Consumption Expenditure: Household data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Pakistan – Table PK.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth of household final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Pakistan PK: GDP: Growth: Household Final Consumption Expenditure per Capita data was reported at 6.631 % in 2017. This records an increase from the previous number of 5.492 % for 2016. Pakistan PK: GDP: Growth: Household Final Consumption Expenditure per Capita data is updated yearly, averaging 1.464 % from Jun 1987 (Median) to 2017, with 31 observations. The data reached an all-time high of 10.017 % in 1992 and a record low of -4.045 % in 1991. Pakistan PK: GDP: Growth: Household Final Consumption Expenditure per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Pakistan – Table PK.World Bank: Gross Domestic Product: Annual Growth Rate. Annual percentage growth of household final consumption expenditure per capita, which is calculated using household final consumption expenditure in constant 2010 prices and World Bank population estimates. Household final consumption expenditure (private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

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.

Graph and download economic data for Deposit Money Bank Assets to GDP for Pakistan (DDDI02PKA156NWDB) from 1960 to 2021 about Pakistan, deposits, assets, banks, depository institutions, and GDP.

Pakistan PK: GDP: Growth: Adjusted Net National Income per Capita data was reported at 5.081 % in 2016. This records an increase from the previous number of 4.010 % for 2015. Pakistan PK: GDP: Growth: Adjusted Net National Income per Capita data is updated yearly, averaging 2.010 % from Jun 1987 (Median) to 2016, with 30 observations. The data reached an all-time high of 8.202 % in 1987 and a record low of -2.050 % in 2008. Pakistan PK: GDP: Growth: Adjusted Net National Income per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Pakistan – Table PK.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).; Weighted average;

Pakistan PK: GDP: Growth: Imports of Goods and Services data was reported at 21.022 % in 2017. This records an increase from the previous number of 16.022 % for 2016. Pakistan PK: GDP: Growth: Imports of Goods and Services data is updated yearly, averaging 3.043 % from Jun 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 47.993 % in 1970 and a record low of -31.813 % in 1972. Pakistan PK: GDP: Growth: Imports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Pakistan – Table PK.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

In 2018, the estimated average inflation rate in Pakistan amounted to about 3.93 percent compared to the previous year, a slight drop from 2017, but an ever sharper one compared to four years earlier. Over the next few years, forecasts estimate it to level off at around 6.5 percent.

Pakistan‘s more or less fragile economy

Pakistan is one of the most populous countries in the worldwith a large Muslim population and a rather low urbanization rate, which means that the majority of Pakistanis live in rural areas. However, the majority of the country's GDP is generated by the services sector, which also employs most of the workforce. As of now, Pakistan’s economic growth seems stable, but that wasn’t always the case.

Stable growth ahead?

Like many others, Pakistan’s economy suffered during the 2009 financial crisis, and while it has recovered today, inflation was still over 10 percent in 2012. GDP slumped during that time as well, but now, ten years later, it has almost tripled and seems to be on an upward trend. Although its GDP generation now mainly relies on services, Pakistan still exports agricultural goods like cotton. However, the country still struggles with an increasing trade deficit and thus rising national debt – two factors that could hinder economic growth in the future.

The growth of the real gross domestic product (GDP) in Bangladesh was forecast to increase between 2024 and 2029 by in total 1.1 percentage points. This overall increase does not happen continuously, notably not in 2027, 2028 and 2029. The growth is estimated to amount to 6.5 percent in 2029. Following the definition of the International Monetary Fund, this indicator refers to the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.Find more key insights for the growth of the real gross domestic product (GDP) in countries like Bhutan, India, and Pakistan.

Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Pakistan (RGDPL2PKA625NUPN) from 1950 to 2010 about Pakistan, PPP, domestic, per capita, GDP, and rate.