Professional Documents
Culture Documents
com
Last 2 Decades & Statistics 2) Government Asif Ali Zardari – GDP growth in
2010 – 11 was only 2 percent and the rate in
The economy of Pakistan is the 22nd largest in the
world in terms of purchasing power parity (PPP), and 2011-12 was not higher than 3 per cent.
45th largest in terms of nominal gross domestic 3) Government Nawaz Sharif – Pakistan’s GDP
product. The annual growth in GDP % of Pakistan grew at 5.3 percent in 2017, making it the fifth
over the past two decades; fastest growing economy in the world.
4) Government Imran Khan – Pakistan’s GDP grew
1. 2000 – 4.260 by 1.9% in 2019 as compared to a decade – high
of 5.8% the previous year.
2. 2001 – 3.554
In early FY20, which runs from July 2019 to June
3. 2002 – 2.508
2020, following one such episode of external and
4. 2003 – 5.777 fiscal imbalances, the country entered a 39-month
5. 2004 – 7.547 IMF-Extended Fund Facility. The associated
adjustment measures, including fiscal consolidation,
6. 2005 – 6.519
contributed to a reduction of the imbalances over the
7. 2006 – 5.899 year and improved macroeconomic stability.
8. 2007 – 4.833 Instability, COVID, Politics & Economy of
9. 2008 – 1.701 Pakistan Political issues may lead to a clash between
the government and a combined opposition in early
10. 2009 – 2.832
2021. Due to the second wave of COVID-19
11. 2010 – 1.607 expected to run well into February 2021, there is little
12. 2011 – 2.748 reason to cheer Pakistan’s growth prospects. As
global economic activity raised on account of the
13. 2012 – 3.507
vaccine, so will oil prices, putting a further dent in
14. 2013 – 4.396 Pakistan’s current account and increasing inflation.
15. 2014 – 4.657 Even if COVID-19 had not been badly affected, 2020
would still have been a year to forget. There is a
16. 2015 – 4.731
sliver of fiscal space available before the government
17. 2016 – 5.527 returns to the IMF in the next few months. Electricity
18. 2017 – 5.554 and gas prices still not raised as required by the IMF
Current Affairs for CSS 2022, Articulate — by Aamir Mahar
after which greater strict economic policies will be
19. 2018 – 5.836
enforced. The government can continue to extend its
20. 2019 – 0.989 donor-supported social protection programs like the
Governmental Stats For Economy of Pakistan The Ehsaas program and provide some temporary relief.
economy of Pakistan is the 22nd largest in the world Summing Things Up: While per – capita
in terms of purchasing power parity (PPP), and 45th agricultural output has grown since independence, it
largest in terms of nominal gross domestic product. has been outpaced by the growth of the non –
Pakistan has a population of over 220 million (the agricultural sectors, and the share of agriculture has
world’s 5th-largest), giving it a nominal GDP per dropped to roughly one – fifth of Pakistan’s economy.
capita of $1,186 in the year 2020-21. In recent years, the country has seen rapid growth in
1) Government Pervez Musharraf – During this industries (such as apparel, textiles, and cement) and
time the economy grew at an average rate of 6.3