The Economy Of Pakistan

This book about the economy of Pakistan from the 1970s to the 2010s. Source data from UN Data.Size. In the 2010s, the gross domestic product of Pakistan was equal to 239.6 billion US$ per year; the value of agriculture was 56.8 billion US$; the value of manufacturing was 31.2 billion US$. Since the share in the world is between .1% and 1%, the country is classified as an average economy.Productivity. In the 2010s, the gross domestic product per capita was 1 304.6 US$; the agriculture per capita was 309.2 US$; the manufacturing per capita was 169.8 US$. Since the productivity is less the average below average, the economy is classified as least developed.Growth. In the 2010s, the growth of gross domestic product was 4.1%; the growth of agriculture was 2.1%; the growth of manufacturing was 3.6%.Structure. In the 2010s, the economy of Pakistan included: agriculture (35.7%), trade (19.6%), service (19.2%), industry (14.6%), transportation (7.5%), and construction (3.4%).Export and import. In the 2010s, the import was 61.3% higher than the export, the net import was equal to 7.0% of the GDP. The technological structure of export is not better than the structure of import.Consumption and reproduction. The attitude of reproduction to the consumption is not better than the global average, so the share of GDP in the world will not increase.

This book is the main text for post-graduate courses on South Asia's development, economic history and on its political economy. For researchers on Pakistan's economy, it is the key source for reference, and covers a huge and diverse array of data, literature reviews, commentary and analysis.

""First Published in 1988, Routledge is an imprint of Taylor & Francis, an informa company."" ...

While policy makers, media, and the international community focus their attention on Pakistan’s ongoing security challenges, the potential of the rural economy, and particularly the agricultural sector, to improve Pakistanis’ well-being is being neglected. Agriculture is crucial to Pakistan’s economy. Almost half of the country’s labor force works in the agricultural sector, which produces food and inputs for industry (such as cotton for textiles) and accounts for over a third of Pakistan’s total export earnings. Equally important are nonfarm economic activities in rural areas, such as retail sales in small village shops, transportation services, and education and health services in local schools and clinics. Rural nonfarm activities account for between 40 and 57 percent of total rural household income. Their large share of income means that the agricultural sector and the rural nonfarm economy have vital roles to play in promoting growth and reducing poverty in Pakistan.

Makes a major intervention in debates around the nature of the political economy of Pakistan, focusing on its contemporary social dynamics.

"Discusses the measures to reverse the prolonged period of low growth and high inflation that Pakistan has experienced over the past five years"--Provided by publisher.