2. REAL GDP
• Real GDP, or real gross domestic product measures the
value of final goods and services produced within the
borders of a given country during a given period of time,
typically a year.
• Real GDP measures the value of all final goods and
services produced in a country during a given period of
time.
3. REAL GDP GROWTH
• Real GDP growth was above four percent in 2013-14 and has
smoothly increased during the last four years to reach 5.28
percent in 2016-17, which is the highest in 10 years.
• It is widely acknowledged that Pakistan has immense economic
potential. According to a report published by price water house
coopers in 2017, pakistan is projected to become the world’s 20th
largest economy by 2030 and 16th largest by 2050.
5. ECONOMY OF PAKISTAN:
• Pakistan is a developing country and is one of the next eleven
countries identified by jim o'neill in a research paper as having a
high potential of becoming, along with the BRICS countries. The
economy of pakistan is the 23rd biggest in the world in terms of
buying power parity. Undocumented economy of our country is
estimated to be 36% of its overall economy, which is not
calculating per capita income.
7. CONTRIBUTION TO REAL GDP GROWTH
(EXPENDITURE SIDE ANALYSIS)
• Investment and exports are the main drivers of economic
growth under the expenditure approach, which is also
recognized as aggregate demand side of the economy.
Aggregate demand or the output is the sum of
consumption (both private and public), investment
(public and private) and net exports of goods and
services. Consumption is recognized as the largest and
relatively smooth component of aggregate demand, as
compared to other components including investment and
exports.
11. COMPARATIVE REAL GDP GROWTH RATES (%)
IN ASIA
In south asia, pakistan’s growth performance is improving continuously
as the country continued on the path of achieving higher and broad based
economic growth due to comprehensive reform initiatives of the government.
The broad based recovery momentum is expected to continue at healthy pace
with growth forecast of 6.0 percent in FY 2018 supported by ongoing
reforms process and infrastructure development drive under the CPEC.
13. AGRICULTURE SECTOR
AGRICULTURE SECTOR RECORDED A GROWTH OF 3.46 PERCENT AT THE END OF
LAST FIVE YEAR AS COMPARED TO 0.27 PERCENT A YEAR AGO. DUE TO VARIOUS
MEASURES OF GOVERNMENT UNDER KISSAN PACKAGE TO ENHANCE AGRICULTURE
PRODUCE LIKE SUPPORT PRICE FOR PRODUCTION, SIGNIFICANT INCREASE IN
CREDIT TO AGRICULTURE SECTOR, BETTER ARRANGEMENTS FOR THE PROVISION
OF INPUTS LIKE SEED, FERTILIZERS, INSECTICIDES AND BETTER ARRANGEMENTS
FOR MARKETING.
14. INDUSTRIAL SECTOR
• INDUSTRIAL SECTOR CONTRIBUTES 20.88 PERCENT IN GDP; INDUSTRIAL SECTOR
RECORDED A GROWTH OF 5.02 PERCENT AS COMPARED TO 5.80 PERCENT LAST
YEAR. DURING LAST THREE YEARS INDUSTRIAL SECTOR PERFORMANCE
REMAINED CONSISTENTLY ABOVE 5 PERCENT, WHICH IS A CLEAR INDICATOR
THAT INDUSTRIAL REVIVAL IS TAKING PLACE DUE TO BETTER POLICIES OF THE
GOVERNMENT.
15. SERVICES SECTOR
• SERVICES SECTOR HAS SIX SUB-SECTORS INCLUDING: TRANSPORT, STORAGE
AND COMMUNICATION; WHOLESALE AND RETAIL TRADE; FINANCE AND
INSURANCE; HOUSING SERVICES (OWNERSHIP OF DWELLINGS); GENERAL
GOVERNMENT SERVICES
• (PUBLIC ADMINISTRATION AND DEFENSE); AND OTHER PRIVATE SERVICES
(SOCIAL SERVICES).
• SERVICES SECTOR PLANNED TARGET AND HAS EMERGED AS THE MOST
SIGNIFICANT DRIVER OF ECONOMIC GROWTH AND IS CONTRIBUTING A MAJOR
ROLE IN AUGMENTING AND SUSTAINING ECONOMIC GROWTH IN THE COUNTRY.
THE SHARE OF THE SERVICES SECTOR HAS REACHED TO 59.59 PERCENT OF GDP
IN FY 2017.
16. TOURISM
• TOURISM IN OUR COUNTRY, HAS BEEN STATED AS BEING THE TOURISM
INDUSTRY'S "NEXT BIG THING". PAKISTAN WITH ITS DIVERSE CULTURES, PEOPLE
AND LANDSCAPES, HAS ATTRACTED 90 MILLION TOURISTS TO THE COUNTRY,
ALMOST DOUBLE TO THAT OF A DECADE AGO. DUE TO THREAT OF TERRORISM
THE NUMBER OF FOREIGNER TOURISTS HAS GRADUALLY DECLINED AND THE
SHOCK OF 2013 NANGA PARBAT TOURIST SHOOTING HAS TERRIBLY ADVERSELY
EFFECTED THE TOURISM INDUSTRY, AS OF 2016[UPDATE] TOURISM HAS BEGUN TO
RECOVER IN PAKISTAN, ALBEIT GRADUALLY.
17. TOURISM
• TOURISM IN OUR COUNTRY, HAS BEEN STATED AS BEING THE TOURISM
INDUSTRY'S "NEXT BIG THING". PAKISTAN WITH ITS DIVERSE CULTURES, PEOPLE
AND LANDSCAPES, HAS ATTRACTED 90 MILLION TOURISTS TO THE COUNTRY,
ALMOST DOUBLE TO THAT OF A DECADE AGO. DUE TO THREAT OF TERRORISM
THE NUMBER OF FOREIGNER TOURISTS HAS GRADUALLY DECLINED AND THE
SHOCK OF 2013 NANGA PARBAT TOURIST SHOOTING HAS TERRIBLY ADVERSELY
EFFECTED THE TOURISM INDUSTRY, AS OF 2016[UPDATE] TOURISM HAS BEGUN TO
RECOVER IN PAKISTAN, ALBEIT GRADUALLY.
18. INTERNATIONAL
• IN OCTOBER 2016, THE IMF CHIEF CHRISTINE LAGARDE CONFIRMED HER
ECONOMIC ASSESSMENT IN ISLAMABAD THAT PAKISTAN'S ECONOMY WAS 'OUT
OF CRISIS'.THE WORLD BANK PREDICTED IN 2016 THAT BY 2018.
19. CONCLUSION
• THE PRESENT GOVERNMENT AFTER COMING INTO POWER INITIATED A NUMBER
OF MAJOR STEPS FOR REMOVAL OF BOTTLENECKS LIKE ENERGY SHORTAGE,
RESTRUCTURING OF PSES, CREATING CONDUCIVE INVESTMENT CLIMATE,
BRIDGING FISCAL & CURRENT ACCOUNT DEFICITS. THE GOVERNMENT REMAINED
SUCCESSFUL IN ACHIEVING MACROECONOMIC STABILITY AND IS NOW FOCUSED
ON ATTAINING HIGHEST SUSTAINABLE AND INCLUSIVE ECONOMIC GROWTH.