Pakistan is progressing and stable economy as it has started escalating since 2018 in multiple sections such as manufacturing, agriculture, health, and technology. The gross domestic rate has increased by 3.3% as compared to the previous year. Employment is often the major concern of a nation as it keeps the youth indulged in productive activities. In terms of employment, Pakistan has performed the highest standards as the youth has adopted the online freelancing community and is serving clients across the globe with a multitude of services.
The strong ties with the countries in the region have strengthened the country’s major exports and local merchants now are getting benefits in the shape of subsidies in exports as well. The 60$ billion-dollar investment in the China-Pakistan Economic Corridor is expected to boost development through investments in infrastructure and energy projects. You can further review the economic growth of Pakistan with the following figures:
Economic Overview of Pakistan
Overview |
Last |
Reference |
Previous |
Range |
GDP Annual Growth Rate (%) |
5.3 |
Dec/19 |
4.24 |
-1.8Â : 10.22 |
Unemployment Rate (%) |
5.7 |
Dec/17 |
5.8 |
3.1 : 7.8 |
Inflation Rate (%) |
12.42 |
Dec/19 |
12.3 |
-10.32Â : 37.81 |
Interest Rate (%) |
13.25 |
Nov/19 |
13.25 |
5.75 : 19.5 |
Balance of Trade (PKR Million) |
-299795 |
Nov/19 |
-319584 |
-452668Â : 6457 |
Current Account (USD Million) |
-1548 |
Sep/19 |
-3168 |
-6308Â : 1418 |
Current Account to GDPÂ (%) |
-4.8 |
Jun/19 |
-6.3 |
-8.5Â : 4.9 |
Government Debt to GDPÂ (%) |
72.5 |
Dec/18 |
67 |
56.4 : 87.9 |
Government Budget (% of GDP) |
-5.8 |
Dec/19 |
-4.2 |
-8.8Â : 8.8 |
Consumer Confidence (points) |
41.92 |
Nov/19 |
44.27 |
29.05 : 55.97 |
Corporate Tax Rate (%) |
31 |
Dec/18 |
31 |
30 : 43 |
Personal Income Tax Rate (%) |
20 |
Dec/18 |
20 |
20 : 30 |
Trade |
Last |
Reference |
Previous |
Range |
Balance of Trade (PKR Million) |
-299795 |
Nov/19 |
-319584 |
-452668Â : 6457 |
Current Account (USD Million) |
-1548 |
Sep/19 |
-3168 |
-6308Â : 1418 |
Current Account to GDPÂ (%) |
-4.8 |
Jun/19 |
-6.3 |
-8.5Â : 4.9 |
Exports (PKR Million) |
312420 |
Nov/19 |
315698 |
51 : 315698 |
Imports (PKR Million) |
612215 |
Nov/19 |
635282 |
96 : 734578 |
External Debt (USD Million) |
106891 |
Sep/19 |
106312 |
33172 : 106891 |
Terms of Trade (points) |
60.6 |
Sep/19 |
58.7 |
49.2 : 94.8 |
Remittances (USD Million) |
5478 |
Sep/19 |
5747 |
906 : 5747 |
Gold Reserves (Tonnes) |
64.63 |
Dec/19 |
64.63 |
64.38 : 65.44 |
Capital Flows (USD Million) |
-1996 |
Sep/19 |
-284 |
-5364Â : 1620 |
Crude Oil Production (BBL/D/1K) |
92 |
Aug/19 |
92 |
50 : 97 |
Foreign Direct Investment (USD Million) |
108 |
Oct/19 |
385 |
-368Â : 1263 |
Terrorism Index |
7.89 |
Dec/18 |
8.18 |
6.12 : 9.07 |
Business |
Last |
Reference |
Previous |
Range |
Industrial Production (%) |
-7.92 |
Oct/19 |
-5.42 |
-21.82Â : 35.15 |
Manufacturing Production (%) |
132 |
Oct/19 |
-5.51 |
-19.65Â : 132 |
Changes in Inventories (PKR Million) |
217127 |
Dec/18 |
209611 |
51700 : 217127 |
Internet Speed (KBps) |
2327 |
Mar/17 |
2436 |
391 : 2508 |
IP Addresses (IP) |
2921934 |
Mar/17 |
2917426 |
125909 : 2921934 |
Cement Production (Thousands of Tonnes ) |
4092 |
Oct/19 |
3410 |
864 : 4092 |
Competitiveness Index (Points) |
51.36 |
Dec/19 |
51.08 |
3.41 : 51.36 |
Competitiveness Rank |
110 |
Dec/19 |
107 |
83 : 133 |
Corruption Index (Points) |
33 |
Dec/18 |
32 |
10 : 33 |
Corruption Rank |
117 |
Dec/18 |
117 |
39 : 144 |
Ease of Doing Business |
108 |
Dec/19 |
136 |
85 : 148 |
Electricity Production (Gigawatt-hour) |
13482 |
Jun/19 |
13105 |
4195 : 15790 |
Industrial Production Mom (%) |
-1.19 |
Oct/19 |
5.96 |
-17.72Â : 31.76 |
Markets |
Last |
Reference |
Previous |
Range |
Currency |
155 |
Jan/20 |
154 |
56.2 : 164 |
Stock Market (points) |
41550 |
Jan/20 |
42323 |
748 : 53127 |
Government Bond 10YÂ (%) |
11.03 |
Jan/20 |
11.02 |
4.17 : 95.15 |