Underdeveloped Pakistan (2024)

FAQs

How underdeveloped is Pakistan? ›

As of 2022, Pakistan's Human Development Index (HDI) is 0.544, and ranks 161 out of 192 countries. Pakistan's HDI is one of the lowest in Asia, after Yemen and Afghanistan.

Pakistan was classified as a semi-industrial economy for first time in late 1990s albeit an underdeveloped country with heavy dependence on agriculture, textile industry being dependent on cotton production. Primary export commodities include textiles, leather goods, sports equipment, chemicals, and carpets/rugs.

Opportunities, power, and wealth here are limited to the top 1% of the people. The rest are not provided opportunities to succeed. Pakistan's economy thus only relies on whatever a small elite can achieve. It remains underdeveloped as it ignores the talent of most in the country.

The 2022-2023 Pakistan economic crisis is an ongoing economic crisis and part of 2022-2023 political unrest in Pakistan. It has caused severe economic challenges for months due to which food, gas and oil prices have risen.

However, over the years, India has not only surpassed Pakistan's per capita GDP but taken a commanding lead on almost every economic front.

In the aggregate socioeconomic index of development, Pakistan has the strongest position in the 3rd world. It is clear from the clustering results that Pakistan, in general, is more similar to the African developing countries than to the countries of her own region.

While Pakistan is nearly one-tenth of India's size in terms of its economy and its GDP is around USD 350 billion only.

The following 46 countries were still listed as least developed countries by the UN as of November 2021: Afghanistan, Angola, Bangladesh, Benin, Bhutan, Burkina Faso, Burundi, Cambodia, Central African Republic, Chad, Comoros, Democratic Republic of Congo, Djibouti, Eritrea, Ethiopia, Gambia, Guinea, Guinea-Bissau, ...

According to the Human Development Index, Niger is the least developed country in the world with an HDI of . 354.

In 1990, India and Pakistan had almost identical per-capita GDPs, a little under US$370 per person. But by 2021, India's had surged to $2,277, about 50% higher than Pakistan's. The reasons for their different choices have a lot to do with politics.

Why Pakistan is important for China? ›

The two countries support each other on issues of core interests and major concerns. The Pakistani side firmly adheres to the one-China policy. China supports Pakistan's sovereignty, territorial integrity, security, and promotes its social-economic development and prosperity.

According to Global Firepower, the Pakistan Armed Forces are ranked as the 7th most powerful military in the world.

The Human Development Index shows that Pakistan is positioned at 147th place out of 188 countries on indigence and deprivation. This is a matter of alarming concern, indicating that the country's most of the population is falling in a poverty trap.

Along with New Zealand, the study — published this month in the journal Sustainability — found that Iceland, the UK, and Ireland would be most likely to sustain order as the rest of the world collapsed.

“If the economy remains in a moribund state, and there are shortages of goods and energy leading to a political crisis on the streets of major cities, that would also allow the Pakistani Taliban and other terrorist groups to begin hitting at the government more directly,” said Younus, who is also vice president of the ...

In Asia, the poorest countries are Yemen, Tajikistan, and Myanmar, where poverty is also prevalent due to political conflicts and economic instability.

Both countries possess nuclear arsenals of comparable size. Pakistan holds about 100-120 nuclear weapons, which can be delivered by aircraft and land-based missiles, while India's nuclear arsenal is around 90-110 nuclear weapons, according to estimates by the Stockholm International Peace Research Institute.

Pakistan ranked 48th of 121 countries in the Gallup Law and Order Index for 2021, scoring 82 on the index that ranges from 1 to 100, with a higher score indicating that more people in a country feel secure.

Pakistan is a major non-NATO ally as part of the War on Terrorism, and a leading recipient of U.S. aid. Between 2002 and 2013, Pakistan received $26 billion in economic and military aid and sales of military equipment.

The United States, Canada, Japan, South Korea, Western European nations and their allies represented the "First World", while the Soviet Union, China, Cuba, North Korea, Vietnam and their allies represented the "Second World".

Is Pakistan poorer than the Philippines? ›

Pakistan has a GDP per capita of $4,600 as of 2020, while in Philippines, the GDP per capita is $8,000 as of 2020.

Pakistan maintains a tense relationship with India due to the Kashmir conflict, close ties with the People's Republic of China, Turkey, Saudi Arabia and Gulf Arab states, fluctuating relationship with the United States of America due to overlapping interests during the Cold War and War on Terror.

Pakistan's GDP stood at $346 billion in 2021 after being ahead at $10.67 billion in 1971. So much for the size of the economy. Another comparison: Bangladesh's per capita income is $2,503 – over 60% higher than Pakistan's $1,538.

Pakistan has a GDP per capita of $4,600 as of 2020, while in South Africa, the GDP per capita is $11,500 as of 2020.

Bangladesh is one of the least developed countries in Asia. It has a GDP per Capita of $2,458 as of 2021. The low development is driven, in part, by low urbanization, with only 40% of the country's population urbanized.

Is the Philippines Considered a Developing Country? Yes, the World Bank classifies the Philippines as a developing economy.

Poorest States in the US

Mississippi is the poorest state in the US, with a poverty rate of 18.7%, followed by Louisiana as the second poorest state, with a poverty rate of 17.8%, and New Mexico, as the third poorest state in the US, at a poverty rate of 16.8%.

The United States is a highly developed mixed economy. It is the world's largest economy by nominal GDP, and the second-largest by purchasing power parity (PPP) behind China. It has the world's seventh-highest per capita GDP (nominal) and the eighth-highest per capita GDP (PPP) as of 2022.

According to the latest available data from the Organisation for Economic Co-operation and Development (OECD), Iceland, the Czech Republic and Denmark stand as the countries with the lowest poverty rates in the world. Two out of three countries on this list are Nordic.

How poor is Pakistan compared to the US? ›

United States has a GDP per capita of $60,200 as of 2020, while in Pakistan, the GDP per capita is $4,600 as of 2020. In United States, 3.9% of adults are unemployed as of 2018. In Pakistan, that number is 6.0% as of 2017. In United States, 15.1% live below the poverty line as of 2010.

Pakistan's economic crisis has numerous causes. Weak governance and political instability have been significant factors, weakening investor confidence in the country and contributing to corruption and pork-barrel politics that undermine the country's fiscal position.

Cash-strapped Pakistan owes $77bn to China, Saudi Arabia, needs to repay by 2026: Report - Business & Economy News.

Pakistan's foreign debts amount to about $100bn (£83bn), meaning that the share owed to China is just under one-third. But China is Pakistan's biggest single creditor and tends to charge relatively high interest rates compared with multilateral lenders.

The United States established diplomatic relations with Pakistan following the country's independence in 1947. We work closely with Pakistan on a wide array of issues ranging from energy, trade and investment, health, clean energy and combating the climate crisis, to Afghanistan stabilization and counterterrorism.

Pakistan lags considerably below India's military might on every metric, including land, air, and sea. In comparison to the Indian military, Pakistan has just half the personnel. Pakistan cannot compete with India in terms of battle tanks or other munitions.

Pakistan Army No Match To Indian Defence Forces: Latest Global Reports. The Indian defence forces continue to be ranked as the world's fourth most powerful military while arch-rival Pakistan's military has been ranked at the 15th spot according to Global Firepower's 2019 Military Strength Ranking.

SEATTLE – Pakistan ranks 164th in the world for its investments in education and health care as measurements of its commitment to economic growth, according to the first-ever scientific study ranking countries for their levels of human capital.

Pakistani economy is currently trapped in low growth, high inflation and unemployment, falling investment, excessive fiscal deficits, and a deteriorating external balance position.

What is child labor like in Pakistan? ›

About 3.3 million of Pakistani [1]children are trapped in child labor, depriving them of their childhood, their health and education, and condemning them to a life of poverty and want. It was estimated that almost a quarter of women aged 20-49 were married before the age of 15, and 31% before eighteen years of age.

Poverty levels appear to necessitate that children work in order to allow families to reach their target take‐home pay. The low cost of child labor gives manufacturers a significant advantage in the Western marketplace, where they undersell their competitors from countries which are prohibiting child labor.

According to the Oxfam report mentioned above, the top 1% of households in Pakistan hold 21.9% of the country's wealth, while the bottom 50% of households hold just 4.4%. This means that the wealthiest households in Pakistan hold more than five times the wealth of the poorest households.

Pakistan is 136th in the overall Prosperity Index rankings. Since 2011, Pakistan has moved up the rankings table by 12 places.

While Pakistan is nearly one-tenth of India's size in terms of its economy and its GDP is around USD 350 billion only.

The average salary in Pakistan is 81,800 PKR (Pakistani Rupee) per month, or around USD 498 according to the exchange rates in August 2021. The Pakistan average is significantly lower than the US average (USD 7,900) but comparable to India (USD 430), Ukraine (USD 858), and the Philippines (USD 884).

In 2016, there were approximately 19.2 thousand millionaires in Pakistan. The number of individuals owning one million U.S. dollars or more in Pakistan is expected to rise to 26.9 thousand by 2026.

Born on July 18, 1950, Shahid Khan is the richest person of Pakistan. Shahid Khan, the owner of Flex-N-Gate, is a billionaire businessman and sports tycoon.

In Nigeria, 40.1% live below the poverty line as of 2018. In Pakistan, however, that number is 24.3% as of 2015.

Pakistani economy is currently trapped in low growth, high inflation and unemployment, falling investment, excessive fiscal deficits, and a deteriorating external balance position.

Does Pakistan have good healthcare? ›

In a study that The Lancet conducted, healthcare in Pakistan currently ranks 154th out of 195 countries in terms of overall system performance.

Pakistan is a largely developing country and according to the Human Development Index, is ranked 147th out of 170 countries, upper side of "low human development." Despite having a growing middle class numbering over 70 million, a large portion of the country's population remains poor.