Pakistan GDP Growth Rate

The Gross Domestic Product (GDP) in Pakistan expanded 3.59 percent in the fiscal year 2012-13 from the previous year. GDP Annual Growth Rate in Pakistan is reported by the Pakistan Bureau of Statistics. From 1952 until 2013, Pakistan GDP Growth Rate averaged 4.9 Percent reaching an all time high of 10.2 Percent in June of 1954 and a record low of -1.8 Percent in June of 1952. Pakistan is one of the poorest and least developed countries in Asia. Pakistan has a growing semi-industrialized economy that relies on manufacturing, agriculture and remittances. Although since 2005 the GDP has been growing an average 5 percent a year, it is not enough to keep up with fast population growth. To make things even worst, political instability, widespread corruption and lack of law enforcement hamper private investment and foreign aid. This page provides - Pakistan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.59 4.36 10.22 -1.80 3.57 | 2014/06 1952 - 2013 Percent Yearly

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Pakistan GDP Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP Growth Rate 3.59 2013-06-30 4.36 10.22 -1.80 3.57 2014-06-30 Percent [+]
GDP Annual Growth Rate 5.00 2013-09-30 3.59 10.22 -1.80 9.56 2014-06-30 Percent [+]
GDP Constant Prices 10379262.00 2013-06-30 9785335.00 10379262.00 8216160.00 10930002.62 2014-06-30 PKR Million [+]
Gross Fixed Capital Formation 1372742.00 2013-06-30 1362100.00 1569742.00 1342291.00 1384038.44 2014-06-30 PKR Million [+]
Gross National Product 10379262.00 2013-06-30 9785335.00 10379262.00 3778155.00 13118204.32 2014-06-30 PKR Million [+]
GDP per capita 802.45 2012-12-31 783.30 802.45 219.56 827.28 2014-06-30 USD [+]
GDP per capita PPP 2491.27 2012-12-31 2431.83 2491.27 1231.79 2568.34 2014-06-30 USD [+]
GDP 231.00 2012-12-31 211.00 231.00 3.70 269.40 2014-06-30 USD Billion [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Pakistan Inflation Rate Up To 8.5% in March  
Pakistan annual inflation rate increased to 8.5 percent in March of 2014, from 6.6 a year earlier and 7.9 percent recorded in February of 2014, as food, housing, water, electricity and gas prices edged up.
Pakistan Trade Deficit Narrows in February  
Trade deficit in Pakistan decreased in February of 2014 to PKR -150 billion from PKR -151 billion a year earlier and PKR -218 billion in January of 2014. On a monthly basis, exports rose by PKR 10 billion and imports dropped by PKR 57 billion.
Pakistan Central Bank Leaves Benchmark Rate on Hold at 10%  
In its March 15th, 2014 meeting, Pakistan's Central Bank left the discount rate unchanged at 10 percent. Although consumer prices slowed for the third straight month in February and foreign exchange reserves increased noticeably, the economy still faces many challenges and a pro-active policy effort is required to continue to maintain the momentum.
Pakistan Inflation Rate Almost Unchanged in February  
Pakistan annual inflation rate accelerated to 7.93 percent in February of 2014, compared to 7.91 percent in the previous month.
Pakistan Inflation Rate Slows in January  
In January of 2014, Pakistan inflation rate slowed for the second straight month to 7.9 percent after reaching a two-digit rate in November of 2013.
Pakistan Trade Deficit Narrows in December on Higher Rice Sales  
In December of 2013, Pakistan trade deficit decreased 30.73 over a month earlier to PKR 137.56 billion. Compared with the same month last year, the trade deficit narrowed 16.9 percent mainly due to a drop in imports and a surge in rice sales.
Pakistan Leaves Rate on Hold in January  
In its January, 2014 meeting, the State Bank of Pakistan decided to leave the policy rate unchanged at 10 percent, as the Board considers inflation expectations are lower than previously anticipated.
Pakistan Inflation Rate Falls in December  
In December of 2013, Pakistan’s inflation rate slowed to an annual 9.2 percent, compared to 10.9 percent in the previous month, due to a slowdown in food prices. A year earlier, the inflation was recorded at 7.9 percent.
Pakistan Trade Deficit Increases in November  
In November of 2013, Pakistan trade deficit rose to PKR 198.6 billion, from PKR 150.5 billion in October and PKR 164.3 billion a year earlier, as purchases of petroleum and medical products boosted imports.
Pakistan Inflation Rate Hits Double-Digit in November  
In November of 2013, Pakistan annual inflation rate rose sharply to 10.9 percent, from 9.08 percent in September, boosted by higher food prices.
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Hong Kong Unemployment Rate Unchanged in March  
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Hong Kong Inflation Rate Unchanged in March  
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