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The economy of Pakistan is categorized as a developing economy. It ranks as the 24th-largest based on GDP using purchasing power parity (PPP) and the 46th largest in terms of nominal GDP. With a population of 241.5 million people as of 2023, Pakistan's position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according ...
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (October 2024 edition) and/or other sources. [1] For older GDP trends, see List of regions by past GDP (PPP).
Pakistan has experienced an economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. As of 24 November 2024 Pakistan inflation rate was 4.9% lowest in 6.5 years. The Russian invasion of Ukraine has caused fuel prices to rise worldwide. Excessive ...
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database, October 2024 Edition. [1] The figures are given or expressed in Millions of International Dollars at current prices.
1.3 Nominal GDP sector composition ... Nominal GDP sector composition (November 2024) ... Pakistan: 1,061,000: 24.4%: 19.1%:
The PDSP would later be further increased to Rs. 2.709 trillion, with Rs. 1.150 trillion being allocated to the Federal Portion, an increase of 58.2% from the previous budget of the development program. [2] The government claimed to alleviate fiscal restrictions and boost sector growth, setting a GDP growth rate of 3.5 percent.
This is a list of countries by nominal GDP per ... 2024: 1,587: 2023: 1,490: 2022 Pakistan: ... A stunning $12 trillion—almost 40 percent of all foreign direct ...