Countries
Pakistan
Key Economic Indicators
$1.57 trillion
$6,252
3.05%
12.63%
5.42%
$373.072 billion (2024 est.)
67.6% of GDP (2016 est.)
$496.26 million
Economic Overview
lower middle-income South Asian economy; extremely high debt; endemic corruption; regional disputes with India and Afghanistan hinder investment; falling inflation, IMF relief programs, and strong agricultural output slowly contributing to economic recovery
All Economic Data
Agricultural products
sugarcane, bison milk, wheat, milk, rice, maize, potatoes, cotton, mangoes/guavas, chicken (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
1.3% of household expenditures (2023 est.)
On food:
37.8% of household expenditures (2023 est.)
Budget
Expenditures:
$49.558 billion (2015 est.)
Note:
<b>note:</b> central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated
Revenues:
$40.774 billion (2015 est.)
Currency
code:
PKR
name:
Pakistani rupee (PKR) [₨]
Current account balance
$496.26 million
Current account balance 2022:
-$12.216 billion (2022 est.)
Current account balance 2023:
-$1.039 billion (2023 est.)
Current account balance 2024:
$699.22 million (2024 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$129.72 billion
Debt - external 2023:
$89.148 billion (2023 est.)
Note:
<b>note:</b> present value of external debt in current US dollars
Exchange rates
Currency:
Pakistani rupees (PKR) per US dollar -
Exchange rates 2020:
161.838 (2020 est.)
Exchange rates 2021:
162.906 (2021 est.)
Exchange rates 2022:
204.867 (2022 est.)
Exchange rates 2023:
280.356 (2023 est.)
Exchange rates 2024:
278.581 (2024 est.)
Exports
$38.61 billion
Exports 2022:
$38.967 billion (2022 est.)
Exports 2023:
$36.215 billion (2023 est.)
Exports 2024:
$40.219 billion (2024 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
garments, fabric, refined petroleum, rice, cotton fabric (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
USA 14%, UAE 10%, China 9%, Germany 7%, UK 6% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$2.66 billion
GDP - composition, by end use
Exports of goods and services:
10.4% (2024 est.)
Government consumption:
8.5% (2024 est.)
Household consumption:
85.2% (2024 est.)
Imports of goods and services:
-17.1% (2024 est.)
Investment in fixed capital:
11.2% (2024 est.)
Investment in inventories:
1.7% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
23.5% (2024 est.)
Industry:
20% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
50.5% (2024 est.)
GDP (official exchange rate)
$373.072 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$1,479
Gini Index coefficient - distribution of family income
31.6 (2018)
Gini Index coefficient - distribution of family income 2018:
29.6 (2018 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$362.58 billion
GNI per capita
$1,430
Gross domestic investment
13 % of GDP
Household income or consumption by percentage share
Highest 10%:
25.5% (2018 est.)
Lowest 10%:
4.2% (2018 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$63.87 billion
Imports 2022:
$76.594 billion (2022 est.)
Imports 2023:
$58.069 billion (2023 est.)
Imports 2024:
$66.844 billion (2024 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
natural gas, refined petroleum, crude petroleum, palm oil, plastics (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 25%, Qatar 11%, UAE 9%, Saudi Arabia 8%, Indonesia 6% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
-1.7% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
textiles and apparel, food processing, pharmaceuticals, surgical instruments, construction materials, paper products, fertilizer, shrimp
Inflation rate (consumer prices)
12.63%
Inflation rate (consumer prices) 2022:
19.9% (2022 est.)
Inflation rate (consumer prices) 2023:
30.8% (2023 est.)
Inflation rate (consumer prices) 2024:
12.6% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
83.644 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
85.16 million persons
Labor force - by occupation
agriculture:
36.23%
industry:
25.26%
services:
38.51%
Population below poverty line
21.9% (2018 est.)
note:
<b>note:</b> % of population with income below national poverty line
Public debt
Public debt 2016:
67.6% of GDP (2016 est.)
Real GDP (purchasing power parity)
$1.57 trillion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$1.347 trillion (2022 est.)
Real GDP (purchasing power parity) 2023:
$1.346 trillion (2023 est.)
Real GDP (purchasing power parity) 2024:
$1.39 trillion (2024 est.)
Real GDP growth rate
3.05%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
4.8% (2022 est.)
Real GDP growth rate 2023:
0% (2023 est.)
Real GDP growth rate 2024:
3.2% (2024 est.)
Real GDP per capita
$6,252
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$5,500 (2022 est.)
Real GDP per capita 2023:
$5,400 (2023 est.)
Real GDP per capita 2024:
$5,500 (2024 est.)
Remittances
$34.91 billion
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2022:
8% of GDP (2022 est.)
Remittances 2023:
7.9% of GDP (2023 est.)
Remittances 2024:
9.4% of GDP (2024 est.)
Reserves of foreign exchange and gold
$18.41 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$9.927 billion (2022 est.)
Reserves of foreign exchange and gold 2023:
$13.73 billion (2023 est.)
Reserves of foreign exchange and gold 2024:
$18.408 billion (2024 est.)
Unemployment rate
5.42%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
5.5% (2022 est.)
Unemployment rate 2023:
5.5% (2023 est.)
Unemployment rate 2024:
5.5% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
10.1% (2024 est.)
Male:
9.8% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
9.9% (2024 est.)
World Bank Indicators
Currency
Pakistani rupee (PKR) (2025)
Gini Index
31.60 (2018)
Languages
English, Urdu (2025)
Economic Rankings
External Debt
#17
Inflation Rate
#23
GDP (PPP)
#26
GDP (Nominal)
#42
Imports
#54
Reserves
#63
Exports
#71
Unemployment Rate
#93
GDP Growth Rate
#104
Gini Index
#144
GDP per Capita
#146
Quick Facts
Industries
textiles and apparel, food processing, pharmaceuticals, surgical instruments, construction materials, paper products, fertilizer, shrimp
Agricultural products
sugarcane, bison milk, wheat, milk, rice, maize, potatoes, cotton, mangoes/guavas, chicken (2023)
Labor force
83.644 million (2024 est.)
Exports - partners
USA 14%, UAE 10%, China 9%, Germany 7%, UK 6% (2023)
Imports - partners
China 25%, Qatar 11%, UAE 9%, Saudi Arabia 8%, Indonesia 6% (2023)
Exchange rates
Pakistani rupees (PKR) per US dollar -
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