| COUNTRIES | GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Pakistan Economy 2011
https://theodora.com/wfb2011/pakistan/pakistan_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















Pakistan Economy 2011
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 13, 2011

Economy - overview:
Pakistan, an impoverished and underdeveloped country, has suffered from decades of internal political disputes and low levels of foreign investment. Between 2001-07, however, poverty levels decreased by 10%, as Islamabad steadily raised development spending. Between 2004-07, GDP growth in the 5-8% range was spurred by gains in the industrial and service sectors - despite severe electricity shortfalls - but growth slowed in 2008-09 and unemployment rose. Inflation remains the top concern among the public, climbing from 7.7% in 2007 to more than 13% in 2010. In addition, the Pakistani rupee has depreciated since 2007 as a result of political and economic instability. The government agreed to an International Monetary Fund Standby Arrangement in November 2008 in response to a balance of payments crisis, but during 2009-10 its current account strengthened and foreign exchange reserves stabilized - largely because of lower oil prices and record remittances from workers abroad. Record floods in July-August 2010 lowered agricultural output and contributed to a jump in inflation, and reconstruction costs will strain the limited resources of the government. Textiles account for most of Pakistan's export earnings, but Pakistan's failure to expand a viable export base for other manufactures has left the country vulnerable to shifts in world demand. Other long term challenges include expanding investment in education, healthcare, and electricity production, and reducing dependence on foreign donors.

GDP (purchasing power parity):
$451.2 billion (2010 est.)
country comparison to the world: 28

$439.4 billion (2009 est.)
$421.2 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$174.8 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2.7% (2010 est.)
country comparison to the world: 135

4.3% (2009 est.)
3.6% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$2,400 (2010 est.)
country comparison to the world: 182

$2,400 (2009 est.)
$2,400 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 21.8%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 23.6%
[see also: GDP - composition by sector - industry country ranks ]
services: 54.6% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
55.77 million
country comparison to the world: 10
note: extensive export of labor, mostly to the Middle East, and use of child labor (2009 est.)
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 43%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 20.3%
[see also: Labor force - by occupation - industry country ranks ]
services: 36.6% (2005 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
15% (2010 est.)
country comparison to the world: 150

14% (2009 est.)
note: substantial underemployment exists
[see also: Unemployment rate country ranks ]

Population below poverty line:
24% (FY05/06 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 3.9%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 26.5% (2005)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
30.6 (FY07/08)
country comparison to the world: 109

41 (FY98/99)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
15% of GDP (2009 est.)
country comparison to the world: 130
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $25.33 billion
[see also: Budget - revenues country ranks ]
expenditures: $36.24 billion (2009 est.)
[see also: Budget - expenditures country ranks ]

Public debt:
49.9% of GDP (2010 est.)
country comparison to the world: 52

49.3% of GDP (2009 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
13.4% (2010 est.)
country comparison to the world: 217

13.6% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
12.5% (31 December 2009)
country comparison to the world: 20

15% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
NA%
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$59.75 billion (31 December 2010 est)

$47.23 billion (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$85.22 billion (31 December 2010 est.)

$65.13 billion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$71.45 billion (31 December 2010 est.)
country comparison to the world: 56

$63.1 billion (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$33.24 billion (31 December 2009)
country comparison to the world: 59

$23.49 billion (31 December 2008)
$70.26 billion (31 December 2007)
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
cotton, wheat, rice, sugarcane, fruits, vegetables; milk, beef, mutton, eggs

Industries:
textiles and apparel, food processing, pharmaceuticals, construction materials, paper products, fertilizer, shrimp

Industrial production growth rate:
4.9% (2009 est.)
country comparison to the world: 67
[see also: Industrial production growth rate country ranks ]

Electricity - production:
90.8 billion kWh (2007 est.)
country comparison to the world: 33
[see also: Electricity - production country ranks ]

Electricity - consumption:
72.2 billion kWh (2007 est.)
country comparison to the world: 37
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
59,140 bbl/day (2009 est.)
country comparison to the world: 59
[see also: Oil - production country ranks ]

Oil - consumption:
373,000 bbl/day (2009 est.)
country comparison to the world: 34
[see also: Oil - consumption country ranks ]

Oil - exports:
30,090 bbl/day (2007 est.)
country comparison to the world: 87
[see also: Oil - exports country ranks ]

Oil - imports:
319,500 bbl/day (2007 est.)
country comparison to the world: 33
[see also: Oil - imports country ranks ]

Oil - proved reserves:
436.2 million bbl (1 January 2010 est.)
country comparison to the world: 49
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
37.5 billion cu m (2008 est.)
country comparison to the world: 23
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
37.5 billion cu m (2008 est.)
country comparison to the world: 21
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 146
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 105
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
840.2 billion cu m (1 January 2010 est.)
country comparison to the world: 29
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$2.641 billion (2010 est.)
country comparison to the world: 164

-$3.583 billion (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$20.29 billion (2010 est.)
country comparison to the world: 68

$18.33 billion (2009 est.)
[see also: Exports country ranks ]

Exports - commodities:
textiles (garments, bed linen, cotton cloth, yarn), rice, leather goods, sports goods, chemicals, manufactures, carpets and rugs

Exports - partners:
US 15.87%, UAE 12.35%, Afghanistan 8.48%, UK 4.7%, China 4.44% (2009)

Imports:
$32.71 billion (2010 est.)
country comparison to the world: 56

$28.53 billion (2009 est.)
[see also: Imports country ranks ]

Imports - commodities:
petroleum, petroleum products, machinery, plastics, transportation equipment, edible oils, paper and paperboard, iron and steel, tea

Imports - partners:
China 15.35%, Saudi Arabia 10.54%, UAE 9.8%, US 4.81%, Kuwait 4.73%, Malaysia 4.43%, India 4.02% (2009)

Reserves of foreign exchange and gold:
$16.1 billion (31 December 2010 est.)
country comparison to the world: 46

$13.77 billion (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$57.21 billion (31 December 2010 est.)
country comparison to the world: 52

$53.62 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$30.09 billion (31 December 2010 est.)
country comparison to the world: 61

$28.09 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$1.047 billion (31 December 2010 est.)
country comparison to the world: 73

$1.017 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Pakistani rupees (PKR) per US dollar - 85.27 (2010), 81.7129 (2009), 70.64 (2008), 60.6295 (2007), 60.35 (2006)


NOTE: The information regarding Pakistan on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Pakistan Economy 2011 information contained here. All suggestions for corrections of any errors about Pakistan Economy 2011 should be addressed to the CIA.






This page was last modified 09-Feb-11
Copyright © 1995-2020 ITA (all rights reserved).