The gross domestic product in Pakistan contracted 0.2% in 2023, following a robust 6.2% expansion last year and marking the first economic downturn in three years. GDP Annual Growth Rate in Pakistan averaged 4.74 percent from 1952 until 2023, reaching an all time high of 10.22 percent in 1954 and a record low of -1.80 percent in 1952. source: Pakistan Bureau of Statistics
GDP Annual Growth Rate in Pakistan is expected to reach 2.60 percent by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Pakistan GDP Annual Growth Rate is projected to trend around 3.90 percent in 2025 and 5.00 percent in 2026, according to our econometric models.
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| Related | Last | Previous | Unit | Reference |
|---|---|---|---|---|
| GDP | 374.70 | 348.52 | USD Billion | Dec 2022 |
| GDP Annual Growth Rate | -0.17 | 6.17 | percent | Dec 2023 |
| GDP Constant Prices | 40963812.00 | 40965801.00 | PKR Million | Dec 2023 |
| GDP from Agriculture | 8982649.00 | 8784839.00 | PKR Million | Dec 2023 |
| GDP from Construction | 889708.00 | 979399.00 | PKR Million | Dec 2023 |
| GDP from Manufacturing | 4606868.00 | 4864350.00 | PKR Million | Dec 2023 |
| GDP from Mining | 629555.00 | 651768.00 | PKR Million | Dec 2023 |
| GDP from Services | 22653398.00 | 22636951.00 | PKR Million | Dec 2023 |
| GDP from Transport | 4098372.00 | 3968552.00 | PKR Million | Dec 2023 |
| GDP per Capita | 1695.96 | 1650.69 | USD | Dec 2022 |
| GDP per Capita PPP | 5376.97 | 5233.46 | USD | Dec 2022 |
| Gross Fixed Capital Formation | 4114169.00 | 4916895.00 | PKR Million | Dec 2023 |
| Gross National Product | 44362137.00 | 43748211.00 | PKR Million | Dec 2022 |
Pakistan GDP Annual Growth Rate
In Pakistan, services are the biggest sector of the economy and account for 53 percent of total GDP. Within services the most important segments are: public administration and defence (18 percent of total GDP); wholesale and retail trade (17 percent) and transportation (10 percent). Industry accounts for 25 percent of GDP. Within industry, the manufacturing segment represents 19 percent of GDP and mining and construction accounts for 5 percent. The remaining 22 percent is contributed by livestock (11 percent) and fishing, forestry and agriculture (11 percent).
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| -0.17 | 6.17 | 10.22 | -1.80 | 1952 - 2023 | percent | Yearly | Constant Prices 2015/2016 |
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