Indicators of economy in Pakistan
The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Pakistan, on the other hand, reached USD 1,505 per capita, or 348.26 billion USD for the whole country. Pakistan is therefore currently ranked 42 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Pakistan ranks 142nd in the list of the richest countries.Inflation in Pakistan in 2021 was around 9.50%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 74.2 percent lower.
The index for perceived corruption in the public sector is 28, which is rather poor by global standards.
Back to overview: Pakistan
Impact of the COVID-19 pandemic
The consequences of the COVID pandemic were not insignificant in Pakistan 2020. Overall, gross domestic product in 2020 fell from 320.91 billion US dollars to 300.43 billion US dollars. With a drop of 6.4 percent, the economy in Pakistan suffered more significant losses than other countries. The tourism sector alone slumped by around 23 percent. The unemployment rate rose from 3.5 to 4.3 percent. The inflation rate fell from 10.6 percent previously to 9.7 percent by the end of 2020.Unemployment rates in percentages 1991 - 2021
Economic performance 2021
Pakistan Total | Pakistan per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 348.26 bn USD | 1,505.01 USD | 17.177 tn USD | 33,384.92 USD |
Gross national product | 340.81 bn USD | 1,472.80 USD | 16.895 tn USD | 32,835.37 USD |
Development of gross domestic product in billions of USD 1960 - 2021
› Debt budget development
› Development of inflation
› Corruption in Pakistan
› Cost of living in a global comparison
› Development of inflation
› Corruption in Pakistan
› Cost of living in a global comparison
Imports and Exports 2021
Pakistan Total | Pakistan per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 76.39 bn USD | 330.13 USD | 8.916 tn USD | 17,329.02 USD |
Exports | 35.57 bn USD | 153.70 USD | 9.554 tn USD | 18,569.19 USD |
Development of imports and exports in billions of USD 1976 - 2021
Exports
Imports