Economy of Pakistan by September 2020

Economy of Pakistan (September 2020)

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economy of pakistan

Recent estimated statistics about Pakistan, as of September 2020, show the following: 

Population: 220,892,000 (2020) – World’s Fifth largest

Area: 881,913 km² (2020) – World’s 34th largest

GDP in 2019        : $284 billion (nominal)

: $1200 billion (PPP)

GDP in 2020        : $264 billion (nominal)

GDP rank             : 42nd (nominal)

: 23rd (PPP)

Total Central government Debt:  $218 billion (Pkr36.3 trillion)

Internal Debt & Liabilities in 2020: $140 billion (Pkr23.24 trillion)

External Debt & Liabilities in 2020: $112.8 billion (Pkr18.724 trillion)

Total Debt & Liabilities in 2020: $252.3 billion (Pkr42.8 trillion) above 90% of GDP

GDP growth       : As compared to 5.5% in the fiscal year 2017-2018, it will be -0.2% in the fiscal year 2020-2021.

[GDP growth was 5.5% in 2017-18, 1.9% in 2018-19, −2.6% in 2019-20 and −0.2% in 2020-21]

Pakistan’s Labor force    : 75,143,667 with the employment rate of 48.9%.

Exports in 2019-20:  $21.387 billion

Imports                in 2019-20: $44 billion

Current Account Deficit has shrunk by 78 percent in 2019-20 and amounts to $2.97 billion while it was $13.43 billion in the fiscal year 2018-19.

Despite the negative trends from time to time, Pakistan’s economy is growing and the CIA, IMF, World Bank and other concerned global economic bodies predict Pakistan to be a prosperous country in the coming 15 years, that is, by 2035.

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