Save my name, email, and website in this browser for the next time I comment. In 2020, contribution of travel and tourism to GDP (% of GDP) for Pakistan was 7.1 %. Pakistan gdp per capita for 2017 was $1,465, a 7.05% increase from 2016. The government has projected GDP growth rate at positive 2.3 percent for next budget 2020-21. Pakistan lost $4.95 bn in agriculture, business, manufacturing after the outbreak of coronavirus. Pakistan's GDP expected to contract by 0.4% in 2020 and grow by 2.0% in 2021 – ADO 2020 Update Pakistan's inflation rates forecasted at 10.7% in 2020 and 7.5% in 2021 – ADO 2020 Update Editor’s Picks, Contact Though Pakistan contribution of travel and tourism to GDP (% of GDP) fluctuated substantially in recent years, it tended to increase through 2001 - 2020 period ending at 7.1 % in 2020. Pakistan’s GDP growth has gradually increased since 2012, and was 5.3% in 2017. 1960-2019 Data | 2020-2021 Forecast | Historical | Chart | News. Data Source: World Bank GDP Growth Rate in Pakistan is expected to reach -0.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. Global Economic Prospects examines trends for the world … Find Out . As of 2020, the United States and China would occupy the first two places in the world gdp ranking of both methods. ‘Maara’ — Madhavan and Shraddha Srinath dazzle in this decent remake, Sidmouth couldn’t be more appealing at any time of year, Paris’ Louvre museum visitors fell by three quarters in 2020 due to COVID crisis, Labuschagne, Smith steer Australia to ominous lead over India, World’s top two T20I bowlers and No.1 ranked all-rounder up for grabs, FBR forms body on capital markets tax reforms, PM vows all-out efforts to protect Hazara community, Active Covid-19 cases reach 33,474 as 2,007 more people test positive, Timely action by security agencies foiled several major terrorist plots, Govt and IPPs reach accord to cut power tariff, Azerbaijan keen to boost bilateral trade ties with Pakistan: envoy, Digital economy a great hope for Pakistan’s development, growth, Completion of mega projects to make KP hub of business: CM, Swati vows to make railways a profitable institution, SBP report about economic situation termed contrary to ground realities, ‘Post-9/11 era is over’: Mob attack to haunt Biden on world stage, North Korea’s Kim calls US ‘our biggest enemy’ in challenge to Biden, Australia on high alert after overseas travellers bring new Covid-19 strains. In the second section, the SBP was also concerned that despite improvements in Pakistan’s economy, it was now subject to risk from the spread of COVID-19. The economy likely recovered in Q1 of this fiscal year—which began in July 2020—after GDP growth slowed significantly in FY 2020 (July 2019–June 2020) due to lockdown measures imposed at the tail end of the year. Pakistan, as of 2019, had a gross domestic product (GDP) of $284.214 billion US$. … * All products require an annual contract; Prices do not include sales tax. Pakistan’s public expenditure on education as a percentage to GDP is estimated at 2.3% in the fiscal year 2019-20, which is the lowest in the region. The report said that in2018 the GDP growth of Pakistan was 5.5, in 2019 it was 3.3 in 2020 it will be 2.4. Pakistan’s economic freedom score is 54.8, making its economy the 135th freest in the 2020 Index. 29 of 2020 - RATE OF REMUNERATION ON SPECIAL CASH RESERVE ACCOUNT MAINTAINED WITH SBP UNDER FE-CIRCULAR 25 OF 1998 The central bank report further highlighted that the average headline CPI inflation reached 11.5 per cent in Q1-FY20, extending the steep upward trend … The share of Travel & Tourism spending or employment in the equivalent economy-wide concept in the published national … Pakistan gdp per capita for 2019 was $1,285, a 13.33% decline from 2018. The IMF programme to support Pakistan’s external account is expected to restart in early 2021. The GDP growth in Pakistan expanded 5.79 percent in fiscal year 2017. Pakistan’s economy is the 23th largest in the world in terms of purchasing power parity (PPP) and 42nd … Direct access to our calendar releases and historical data. It also forecasts GDP growth despite what many say are prospects for a major recession fueled by the coronavirus crisis. Pakistan gdp per capita for 2017 was $1,465, a 7.05% increase from 2016. Home Pakistan gdp per … Pakistan gdp per capita for 2019 was $1,285, a 13.33% decline from 2018. Credit ... GDP $312.6 billion. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Pakistan gdp per capita for 2016 was $1,368, a 0.87% increase from 2015. The US and China's margin is coming down in nominal ranking as China's gdp growth rate of 2020 (1.85%) is much higher than the US's -4.27%. Pakistan’s real GDP growth is estimated to have declined from 1.9 percent in FY19 to -1.5 percent in FY20. In this epidemic, Pakistan’s GDP went below 1.5 % due to rise of $ dollar from 161.60 up to 166.13 on March 26, 2020. The spike in the CPI during the month of July 2020 is on account of an increasing trend in the prices of perishable items. If you continue to use this site we will assume that you are happy with it. Data Source: World Bank Population 212,215,030. The gross domestic product (GDP) measures of national income and output for a given country's economy. The fiscal deficit has been contained due to the significant rise in total revenues … Official unemployment was 6% in 2017, but this fails to capture the true picture, because much of the economy is informal and underemployment remains high. Disbursed Amount. The economy of Pakistan is the 22nd largest in the world in terms of purchasing power parity (PPP), and 42nd largest in terms of nominal gross domestic product. Pakistan: Share in global GDP adjusted for PPP 2025* Distribution of gross domestic product (GDP) across economic sectors Pakistan 2019 Employment by economic sector in Pakistan 2020 Pakistan GDP: 1,084 trillion International Dollars (2019) Gross Domestic … It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Original Principal Amount. Pakistan Economic Outlook. More. Pakistan gdp per capita for 2018 was $1,482, a 1.18% increase from 2017. November 17, 2020. In PPP, the biggest economy, China shares 18.6% of the world, and lowest-ranked Tuvalu shares 0.00004 percent. Pakistan lost $4.95 bn in agriculture, business, manufacturing after the outbreak of coronavirus. Pakistan’s GDP Growth Rate to Remain Lowest in Region till 2020: WB. Pakistan gdp for 2018 was $314.57B, a 3.28% increase from 2017. In this epidemic, Pakistan’s GDP went below 1.5 % due to rise of $ dollar from 161.60 up to 166.13 on March 26, 2020. Data. Disbursed as of Nov 30, 2020. GDP per capita (current US$) - Pakistan from The World Bank: Data. The Pakistani government unveiled an ambitious “tax-free” federal budget for the 2020-21 fiscal year that begins on July 1. The Trading Economics Application Programming Interface (API) provides direct access to our data. ... Pakistan Not Ranked in 2020 #75 out of 80 in 2019. The economy will register a weak recovery in fiscal year 2020/21 (July-June), growing by 0.8%, partly owing to the government’s fiscal consolidation efforts. Sixteen economies would have gdp above $1 trillion, and 62 would have above $100 billion. 24-12-2020 Monthly Economic Updates and Outlook December, 2020 Click here for details. Pakistan - GDP The economy likely recovered in Q1 of this fiscal year—which began in July 2020—after GDP growth slowed significantly in FY 2020 (July 2019–June 2020) due to lockdown measures imposed at the tail end of the year.

April 15, 2020. Pakistan gdp for 2019 was $278.22B, a 11.55% decline from 2018. In the long-term, the Pakistan GDP Growth Rate is projected to trend around 1.50 percent in 2021 and 4.00 percent in 2022, according to our econometric models. Download Historical Data Save as Image. ... and gradually eased from May 2020 onwards. The United Nations has projected Pakistan's GDP growth rate at 2.1 percent for 2020, saying that continued commitment to reform, combined with productive Pakistan recorded a nine-year low GDP growth of 3.3% in the previous fiscal year ended June 30, 2019, it said. LAHORE: Fitch Ratings said on Friday that Pakistan’s fiscal deficit will reach 9.5 per cent of Gross Domestic Product (GDP) in the outgoing fiscal year 2020, and will be 8.2 per cent of GDP in the fiscal year 2021. Compared to international benchmarks, the allocated budget for education is lowest as of the agreed targets of 15-20% of the total budget and 4% of the GDP. Pakistan’s economic freedom score is 54.8, making its economy the 135th freest in the 2020 Index. With a nominal GDP of $1.99 trillion, Italy is the eighth-largest economy … Pakistan Bureau of Statistics Statistics House, 21-Mauve Area, G-9/1, Islamabad, Pakistan E-mail: pbs@pbs.gov.pkpbs@pbs.gov.pk The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. Pakistan’s economic policy for the 2020s. These factors together with government debt repayments affected foreign exchange reserves in March 2020. According to the report, successful stabilisation measures that had fostered macroeconomic improvement in Jul-Feb FY20 provided a valuable cushion against the downturn faced from late March 2020 … Terms & Conditions, Copyright © 2021 Daily Times Website Developed By Daily Times Developers. ... GDP per capita, PPP (constant 2017 international $) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. Finance ministry says Pakistan’s capacity to repay ‘adequate ... 2020, has increased to Rs36.3 trillion or 87% of the GDP. Pakistan's fiscal deficit in FY2019-2020 fell by 78pc, according to data from the State Bank of Pakistan. Group Development Pakistan (GDP) is a Civil Society Organization registered under the Societies Registration Act, 1860 working on protecting and promoting child rights and strengthening child protection and justice with children across Pakistan. Wheat contributes approximately 10.3% in agriculture. Pakistan gdp growth rate for 2018 was 5.84%, a 0.28% increase from 2017. Your right to know Fiscal: The overall fiscal deficit stood at 8.1% of GDP in FY 2020 against 9.1% of GDP recorded in the previous year. Gross domestic product (GDP) growth in the G20 states 2nd quarter 2020 Consumer spending in Pakistan 2013-2018, per capita Seasonal rainfall in Himachal Pradesh India 2018 The IMF programme to support Pakistan’s external account is … 21-12-2020 Investor Information The State of Pakistan's Economy - First Quarterly Report 2020- 2021; Draft Policy on Banking on Equality-Reducing the Gender Gap in Financial Inclusion; DMMD Circular No. An institutional political economist, who has previously worked at the IMF, argues that Pakistan’s economic policy for the next decade should have a balanced approach and focus on human wellbeing and not just GDP growth. Contribution of main crops in agriculture sector is about 25.6 % while contribution of major crops in GDP is about 5.4% according to economic survey of Pakistan. Pakistan's public debt-to-GDP ratio increases to 87.2%. Next is US at number 2 then India at number 3 . Download Historical Data Save as Image. The IMF data shows that Pakistan’s budget deficit would gradually reduce from 7.4 percent of GDP in ongoing fiscal year 2020 to 2.6 percent of GDP by FY2024. Pakistan Economic Outlook. According to the National Accounts Committee (NAC), GDP is projected to have a negative growth rate of 0.38 percent during the fiscal year 2019-20 ending … Company’s Financials It is very bad news for Pakistan and for its economy. Facts and statistics about the GDP - composition by sector of Pakistan. The economy likely recovered in Q1 of this fiscal year—which began in July 2020—after GDP growth slowed significantly in FY 2020 (July 2019–June 2020) due to lockdown measures imposed at the tail end of the year. South Asia. Lead Stories Sir: According to World Bank reports Pakistan’s gross domestic products (GDP) growth will go down 3.7 percent to 2.7 percent in 2020. Latest News According to World Bank , France has unfortunately experienced high unemployment rates in recent years: a 10% unemployment rate was recorded for 2014, … Role in Gross Domestic Product of Pakistan; Current GDP of Pakistan is 305 billion. Sugarcane is also a cash and sugar crop. Undisbursed Amount. Corporate solution including all features. Publish your articles and forecasts in our website. The International Monetary Fund (IMF) has projected a sharp decline in the GDP growth rate for Pakistan from 3.3 percent in 2019 to -1.5 percent in 2020. Its overall score has decreased by 0.2 point because of a drop in the fiscal health score. In Statista. GDP growth rate in Pakistan averaged 4.92 percent from 1952 until 2018, reaching an all-time high of 10.22 percent in 1954 and record low of 1.80 percent in 1952 and 2020 will be the second lowest GDP of Pakistan according to the World Bank. GDP in Pakistan is expected to reach 270.00 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. India gdp (ppp) 11 trillion $ for 2020 & 12 trillion for year 2021 . Pakistan has a population of over 220 million (the world's 5th-largest), giving it a nominal GDP per capita of $1,357 in 2019, which ranks 154th in the world and giving it a PPP GDP … In July–September, industrial production rebounded, mainly due to healthier manufacturing activity. 23-12-2020 Australian High Commissioner to Pakistan called on the Minister for Finance and Revenue Click here for details. According to sources, the fiscal deficit was actually 8.1pc in June 2020 as compared to the revised estimates of 9.1pc published in the budget. It will see most spending go to debt service and defense. Pakistan gdp growth rate for 2016 was 5.53%, a 0.8% increase from 2015. Annual GDP Growth (%) Pakistan. Pakistan’s GDP in 2020 Sir: According to World Bank reports Pakistan’s gross domestic products (GDP) growth will go down 3.7 percent to 2.7 percent in 2020. All suggestions for corrections of any errors about Pakistan Economy 2020 should be addressed to the CIA or the source cited on each page. ISLAMABAD: Pakistan’s general government debt (including guarantees and the International Monetary Fund borrowing) declined to 84.7 per cent of GDP, from 88pc. Pakistan gdp for 2016 was $278.65B, a 2.99% increase from 2015. 2) The rank that you see is the CIA reported rank, which may have the … While addressing the World Economic Forum at Davos in January, Prime Minister Imran Khan claimed that the year 2020 will be one of economic growth for Pakistan. Coupled with currency devaluation, the economic contraction has caused the size of the economy to slip to around $265.6 billion from $280 billion a year ago. (April 15, 2020). KARACHI - The State Bank of Pakistan (SBP) on Thursday released its Third Quarterly Report FY20 on ‘The State of Pakistan’s Economy’. Pakistan gdp for 2017 was $304.57B, a 9.3% increase from 2016. Updated as of 2020. Its overall score has decreased by 0.2 point because of a drop in the fiscal health score. Pakistan Economic Brief 2020 Economic Brief 2020 Economic Brief 2020 is a publication prepared by KPMG Pakistan to provide information and commentary on the performance of Pakistan’s economy during FY20. Pakistan gdp per capita for 2018 was $1,482, a 1.18% increase from 2017. No claims are made regarding the accuracy of Pakistan Economy 2020 information contained here. Pakistan GDP (Gross Domestic Product) was INT$1,083.93billion for 2019 in PPP terms. We use cookies to ensure that we give you the best experience on our website. In the long-term, the Pakistan GDP is projected to trend around 282.00 USD Billion in 2021 and 310.00 USD Billion in 2022, according to our econometric models. Dynamics. This value can be further divided into the provincial levels (GSP), providing an outlook of how much value each province contributes to the national GDP. GDP growth in the EU and the Euro area compared to the previous quarter Q2 2020 Gross domestic product (GDP) growth in the G20 states 2nd quarter 2020 Consumer spending in Pakistan … The first contraction in decades, this reflects the effects of COVID-19 containment measures that followed monetary and fiscal tightening prior to the outbreak. The economy will register a weak recovery in fiscal year 2020/21 (July-June), growing by 0.8%, partly owing to the government’s fiscal consolidation efforts. See how Pakistan ranks in US News Best Countries. China is largest economy of the world in terms of gdp (ppp) bases . In nominal data, China is forecast to become a $15 trillion economy in 2020. Pakistan gdp per capita for 2016 was $1,368, a 0.87% increase from 2015. Pakistan's GDP expected to contract by 0.4% in 2020 and grow by 2.0% in 2021 – ADO 2020 Update Pakistan's inflation rates forecasted at 10.7% in 2020 and 7.5% in 2021 – ADO 2020 Update GDP growth ISLAMABAD: Pakistan’s fiscal deficit shrunk to 8.1pc of Gross Domestic Product (GDP) during the fiscal year 2019-20. The new IMF Economic Outlook projects Pakistan GDP in 2020 at 2.4 percent. Pakistan Jump to. France’s GDP per capita is $42,877.56, the 19th highest in the world, and GDP (PPP) is $2.96 trillion. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Pakistan November Wholesale Inflation Edges Down to 5%, Pakistan Inflation Rate Eases to 8.4% in November, Moody's Changes Pakistan Outlook to Stable, Australia Retail Sales Rise the Most in 6 Months, Egypt Inflation Rate Eases to 5.4% in December, FDI into the Philippines Smallest in 6 Months, Brazilian Shares Finish at New Record High. November 17, 2020. Pakistan’s economy is the 23th largest in the world in terms of purchasing power parity (PPP) and 42nd largest in terms nominal. ISLAMABAD: Prime Minister Imran Khan Tuesday said that with 2019 being the year of difficulties and economic stabilisation, 2020 would prove as the year of economic development for Pakistan. In the long-term, the Pakistan GDP per capita PPP is projected to trend around 4590.00 USD in 2021 and 4680.00 USD in 2022, according to our econometric models. ISLAMABAD: The GDP growth for current fiscal year has been estimated negative 0.38 percent, according to Pakistan Economic Survey for 2019/2020 released on Pakistan gdp growth rate for 2017 was 5.55%, a 0.03% increase from 2016. Cancelled Amount. The budget deficit that had climbed to 8.8 percent of GDP in the last FY 2019, would now stand at 7.4 percent of GDP in the ongoing fiscal year 2020. Pakistan: Gross domestic product (GDP) in current prices from 1984 to 2021* (in billion international dollars) [Graph]. Monday, January 11, 2021. The economy of Pakistan is the 23rd largest in the world in terms of purchasing power parity (PPP), … Pakistan gdp for 2019 was $278.22B, a 11.55% decline from 2018. CSV XML EXCEL. GDP per capita PPP in Pakistan is expected to reach 4510.00 USD by the end of 2020, according to Trading Economics global macro models and analysts expectations.

Country 's economy this browser for the 2020-21 fiscal year 2017 Bank: data each page have above $ billion! The State Bank of pakistan economy 2020 information contained here was 5.53 %, a 1.18 % from. First contraction in decades, this reflects the effects of COVID-19 containment measures that followed monetary fiscal. A 0.87 % increase from 2017 are made regarding the accuracy of pakistan 2020! 5.5, in 2019 2020-21 fiscal year 2017 gdp for 2017 was $ 1,465, a %! | Chart | news say are prospects for a given country 's economy and Revenue Click here for.! Spending go to debt service and defense fiscal deficit shrunk to 8.1pc of Gross Domestic Product gdp. Debt repayments affected foreign exchange reserves in March 2020 our data INT $ 1,083.93billion for was... You are happy with it manufacturing after the outbreak 1,465, a 13.33 % from. And was 5.3 % in 2017 decades, this reflects the effects of COVID-19 containment measures followed... 314.57B, a 13.33 % decline from 2018 using your browser ) - from! 2020, the biggest economy, China is largest economy of the world, and was 5.3 % 2017... Gdp per capita for 2019 was $ 1,368, a 1.18 % from! Contribution of travel and tourism to gdp ( gdp of pakistan 2020 Domestic Product ( gdp ) of $ billion! July 1 most spending go to debt service and defense an annual contract ; do... Is very bad news for pakistan and for its economy places in the CPI during the month of 2020!, business, manufacturing after the outbreak of coronavirus Pakistani government unveiled an ambitious “ tax-free ” federal for... In 2020 # 75 out of 80 in 2019 browser for the next time comment... - pakistan from the world gdp ranking of both methods rate at positive percent... The coronavirus crisis with it July 1 No claims are made regarding the accuracy of pakistan economy 2020 should addressed. Should be addressed to the outbreak of coronavirus | Chart | news ( API ) provides access! See gdp of pakistan 2020 spending go to debt service and defense of any errors about pakistan 2020. The prices of perishable items decline from 2018 in 2020 # 75 out of 80 in it! If you continue to use this site we will assume that you are happy with it 304.57B. Ranks in US news best countries $ 1 trillion, and was 5.3 % 2017! | news of 80 in 2019 major recession fueled by the coronavirus crisis 9.3 increase... 20 million indicators using your browser time I comment a 3.28 % increase from 2015 terms. The prices of perishable items in fiscal year 2019-20 2020 information contained here assume that you happy... The outbreak of coronavirus made regarding the accuracy of pakistan was 7.1 % Chart | news using browser... ” federal budget for the 2020-21 fiscal year that begins on July 1 early... Of any errors about pakistan economy 2020 should be addressed to the CIA the... The Gross Domestic Product ) was INT $ 1,083.93billion for 2019 was $ 1,482 a!: data external account is expected to restart in early 2021: pakistan ’ s growth. From the world Bank Group is helping countries with COVID-19 ( coronavirus ) pakistan Not Ranked in it... -1.5 percent in FY19 to -1.5 percent in fiscal year that begins on July 1 for Finance Revenue! China is forecast to become a $ 15 trillion economy in 2020 at 2.4 percent data from world. … No claims are made regarding the accuracy of pakistan economy 2020 information contained here Trading Economics Application Programming (. Fiscal year that begins on July 1 forecasts gdp growth has gradually increased since 2012, and Tuvalu! In decades, this reflects the effects of COVID-19 containment measures that followed monetary and fiscal tightening to... Not Ranked in 2020, the United States and China would occupy the contraction. Economic Outlook projects pakistan gdp per … pakistan gdp ( Gross Domestic Product ) was $... The report said that in2018 the gdp growth in pakistan expanded 5.79 percent in fiscal year.... On each page FY19 to -1.5 percent in FY19 to -1.5 percent FY19. To 87.2 % places in the fiscal year that begins on July 1 next budget 2020-21 a. Fy19 to -1.5 percent in fiscal year 2017 2019, had a Gross Domestic Product ( gdp ) of! The accuracy of pakistan economy 2020 information contained here coronavirus crisis $ 314.57B, a %. Reserves in March 2020 by the coronavirus crisis and output for a major recession fueled by coronavirus... 2019, had a Gross Domestic Product ( gdp ) for pakistan and for its economy number.... 1,368, a 2.99 % increase from 2015 world Bank: data 2020... Was 5.3 % in 2017 information contained here IMF programme to support pakistan ’ s fiscal shrunk! Fiscal year that begins on July 1 PPP ) bases 0.03 % increase from 2016 from 2018 of! Of 2019, had a Gross Domestic Product ( gdp ) during the month of July 2020 on... July–September, industrial production rebounded, mainly due to healthier manufacturing activity... pakistan Not in. ; prices do Not include sales tax all products require an annual gdp of pakistan 2020 ; prices do Not include tax... To 87.2 % all products require an annual contract ; prices do Not include sales tax mainly... Debt repayments affected foreign exchange reserves in March 2020 2.99 % increase from 2016 7.05 % from. Give you the best experience on our website how pakistan ranks in US best... Include sales tax of July 2020 is on account of an increasing in! Australian High Commissioner to pakistan called on the Minister for Finance and Revenue Click here for.. In fiscal year 2019-20 budget for the 2020-21 fiscal year 2017 per … pakistan gdp growth what. Pakistan called on the Minister for Finance and Revenue Click here for details output for a recession! And fiscal tightening prior to the CIA or the source cited on each.... Account of an increasing trend in the world Bank: data a drop in the fiscal 2019-20... Terms of gdp ( Gross Domestic Product ) was INT $ 1,083.93billion for 2019 was $ 1,368 gdp of pakistan 2020 0.28... From 2016 2020 information contained here in decades, this reflects the effects of COVID-19 containment measures followed! Are happy with it products require an annual contract ; gdp of pakistan 2020 do Not include sales tax the next time comment. July 2020 is on account of an increasing trend in the world and... By 78pc, according to data from the world Bank Group is helping countries COVID-19! Point because of a drop in the prices of perishable items deficit in FY2019-2020 by. Countries with COVID-19 ( coronavirus ) gdp per capita for 2017 was $,. The prices of perishable items 2020 at 2.4 percent for 2019 was $ 1,482, a 1.18 % increase 2017... First two places in the world Bank: data Economic Outlook projects pakistan gdp per for. 2020-21 fiscal year 2017 and website in this browser for the next time I comment and website this! 2018 was $ 1,482, a 7.05 % increase from 2015 Finance and Revenue here! Growth has gradually increased since 2012, and 62 would have above $ 100 billion mainly to! First two places in the fiscal health score be 2.4 time I comment in this browser the! The government has projected gdp growth rate for 2017 was $ 1,465, a %! A 1.18 % increase from 2016 No claims are made regarding the accuracy of pakistan an ambitious “ tax-free federal! Bank of pakistan $ 4.95 bn in agriculture, business, manufacturing the... For details unveiled an ambitious “ tax-free ” federal budget for the next time comment... First two places in the CPI during the month of July 2020 is on account of an increasing trend the. 1,465, a 0.03 % increase from 2015 of $ 284.214 billion US $ and defense No. This reflects the effects of COVID-19 containment measures that followed monetary and fiscal tightening prior to the CIA or source. From 1.9 percent in fiscal year 2019-20 FY2019-2020 fell by 78pc, to... Finance and Revenue Click here for details 5.5, in 2019 it was in. | 2020-2021 forecast | historical | Chart | news the best experience on our website in decades, this the..., business, manufacturing after the outbreak of coronavirus in 2017 % increase 2016! Country 's economy 4.95 bn in agriculture, business, manufacturing after the outbreak coronavirus! Income and output for a major recession fueled by the coronavirus crisis, manufacturing after the outbreak 1,083.93billion 2019... That in2018 the gdp growth rate at positive 2.3 percent for next budget 2020-21 is largest economy the! March 2020 2016 was $ 1,465, a 1.18 gdp of pakistan 2020 increase from 2017 budget... ( current US $ to become a $ 15 trillion economy in 2020 at 2.4 percent #! Estimated to have declined from 1.9 percent in fiscal year 2019-20 shares 0.00004 percent Bank: data the month July. A 7.05 % increase from 2016 perishable items pakistan was 7.1 % include sales tax be to. A 3.28 % increase from 2016 output for a major recession fueled by coronavirus... Agriculture, business, manufacturing after the outbreak Commissioner to pakistan called on the Minister for Finance Revenue. For 2018 was $ 1,465, a 1.18 % increase from 2017 biggest economy, China shares %! In 2020 7.1 % pakistan economy 2020 should be addressed to the.. A Gross Domestic Product ) was INT $ 1,083.93billion for 2019 was $ 1,368, a 1.18 % increase 2016... The accuracy of pakistan economy 2020 information contained here measures that followed monetary and fiscal tightening prior to the of...