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Pakistan's economy in numbers:
Nominal GDP of USD 339 billion in 2023.
Nominal GDP of USD 374 billion in 2024.
GDP per capita of USD 1,582 compared to the global average of USD 10,589.
GDP per capita of USD 1,464 compared to the global average of USD 10,589.
Average real GDP growth of 3.9% over the last decade.
Average real GDP growth of 3.5% over the last decade.
Economic structure:
In 2021, services accounted for 58% of overall GDP, manufacturing 12%, other industrial activity 7%, and agriculture 23%. Looking at GDP by expenditure, private consumption accounted for 85% of GDP in 2021, government consumption 11%, fixed investment 14%, and net exports -10%.International trade:
In 2021, manufactured products made up 75% of total merchandise exports, mineral fuels 1%, food 17%, ores and metals 5% and agricultural raw materials 2%, with other categories accounting for 0% of the total. In the same period, manufactured products made up 51% of total merchandise imports, mineral fuels 27%, food 13%, ores and metals 4% and agricultural raw materials 5%, with other goods accounting for 0% of the total. Total exports were worth USD 28 billion in 2023, while total imports were USD 52 billion.Economic growth:
The economy recorded average annual growth of 4.0% in the decade to 2023. To read more about GDP growth in Pakistan, go to our dedicated page.
Fiscal policy:
Pakistan's fiscal deficit averaged 6.2% of GDP in the decade to 2023. Find out more on our dedicated page.
Unemployment:
The unemployment rate averaged 6.1% in the decade to 2021. For more information on Pakistan's unemployment click here.
Inflation:
Inflation averaged 8.1% in the decade to 2022. Go to our Pakistan inflation page for extra insight.
Monetary Policy:
Pakistan's monetary policy rate ended 2022 at 16.00%, up from 12.00% a decade earlier. See our Pakistan monetary policy page for additional details.
Exchange Rate:
From end-2012 to end-2022 the rupee weakened by 57.1% vs the U.S. dollar. For more info on the rupee, click here.
47 indicators covered including both annual and quarterly frequencies.
Consensus Forecasts based on a panel of 16 expert analysts.
Want to get insight on the economic outlook for Pakistan in the coming years? FocusEconomics collects projections out to 2034 on 47 economic indicators for Pakistan from a panel of 16 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Pakistan economy. To download a sample report on the Pakistan's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.