Pakistan’s GDP surpasses $374 billion

According to reports, during the fiscal year, 2024 Pakistan’s gross domestic product (GDP) has increased to $374.9 billion.

Pakistan’s GDP stood at $356 billion in 2018 when the government led by Pakistan Tehreek-e-Insaf took office. However, it decreased to $280 billion during its tenure, eventually reaching $340 billion.

While it was projected to reach $356 billion based on annual market fundamentals and potentially exceed $450 billion in four years, these projections have fallen short, leaving several economic indicators struggling.

The IMF has announced that Pakistan’s inflation is projected to decrease to 11 per cent for the next fiscal year.

According to Dunya News, there has been an increase of Rs90,534 in the annual per capita income of Pakistanis. A record increase in per capita income and the size of the national economy has been noted. According to official documents, the economy grew by $34 billion in the current fiscal year.

The size of the economy increased from $341 billion to $375 billion. Similarly, there has been an increase of 7,544 rupees in the monthly per capita income, and an annual increase of 90,534 rupees in the per capita income was recorded, reaching 475,281 rupees annually.