Pakistan's GDP changed from approximately $38B 616M in 1980 to $338B 237M in 2023, showing an overall 775.9% sharply increased during the period.
The lowest GDP was recorded in 1980 at $38B 616M, and the highest in 2022 at $374B 748M.
Over the 43-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 5.2%.
For comparison, the average annual growth rate of India was 7.2%, and that of Iran was 3.7%.
Pakistan GDP from 1980 to 2023
The total market value of goods and services produced annually in Pakistan.
Overview of Pakistan's GDP (1980–2023)
The Gross Domestic Product (GDP) of Pakistan recorded a 775.9% sharply increased from 1980 to 2023.
The average GDP during this period was $159B 620M, and the median was $102B 572M.
GDP fluctuated within a range of $336B 132M, with a standard deviation of $107B 573M.
The average annual change was $7B 944M.
Highest and Lowest GDP Records
- Lowest GDP: 1980, $38B 616M
- Highest GDP: 2022, $374B 748M
- Most Recent GDP: 2023, $338B 237M
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 2023: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Pakistan's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $321B 71M → $300B 410M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $184B 141M → $187B 74M
- Outcome: increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $99B 421M → $96B 784M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $101B 848M → $101B 381M
- Outcome: remained stable
Key Economic Indicators of Pakistan (1980–2023)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 38B 616M | $ 479.06 | $ 941.80 | $ 75B 915M | 6.912 % | -2.368 % | 12.37 % | 0 % | 80M 607K people |
1981 | $ 45B 681M | $ 550.44 | $ 1,063.45 | $ 88B 256M | 6.208 % | -1.86 % | 12.05 % | 0 % | 82M 991K people |
1982 | $ 49B 932M | $ 584.38 | $ 1,179.67 | $ 100B 797M | 7.562 % | -0.749 % | 11.77 % | 0 % | 85M 445K people |
1983 | $ 46B 619M | $ 530.37 | $ 1,272.52 | $ 111B 854M | 6.788 % | -1.218 % | 13.31 % | 0 % | 87M 899K people |
1984 | $ 50B 612M | $ 560.15 | $ 1,333.59 | $ 120B 495M | 3.973 % | -2.213 % | 11.93 % | 0 % | 90M 354K people |
1985 | $ 50B 607M | $ 545.17 | $ 1,455.71 | $ 135B 130M | 8.708 % | -1.675 % | 10.73 % | 0 % | 92M 828K people |
1986 | $ 51B 827M | $ 543.59 | $ 1,537.87 | $ 146B 622M | 6.363 % | -1.145 % | 12.20 % | 0 % | 95M 341K people |
1987 | $ 54B 171M | $ 553.48 | $ 1,624.41 | $ 158B 987M | 5.811 % | -1.818 % | 13.41 % | 0 % | 97M 874K people |
1988 | $ 62B 385M | $ 621.14 | $ 1,744.27 | $ 175B 187M | 6.436 % | -2.202 % | 11.34 % | 0 % | 100M 435K people |
1989 | $ 65B 42M | $ 631.37 | $ 1,852.22 | $ 190B 811M | 4.808 % | -2.295 % | 11.82 % | 0 % | 103M 17K people |
1990 | $ 65B 276M | $ 615.82 | $ 1,953.17 | $ 207B 35M | 4.589 % | -2.112 % | 13.06 % | 0 % | 105M 999K people |
1991 | $ 74B 158M | $ 684.45 | $ 2,076.78 | $ 225B 11M | 5.127 % | -2.323 % | 12.92 % | 0 % | 108M 346K people |
1992 | $ 79B 338M | $ 713.39 | $ 2,226.01 | $ 247B 558M | 7.569 % | -1.343 % | 14.87 % | 0 % | 111M 212K people |
1993 | $ 83B 969M | $ 735.82 | $ 2,267.32 | $ 258B 741M | 2.097 % | -3.994 % | 12.69 % | -1.732 % | 114M 117K people |
1994 | $ 84B 642M | $ 723.05 | $ 2,356.10 | $ 275B 811M | 4.369 % | -1.962 % | 13.70 % | 0.056 % | 117M 63K people |
1995 | $ 98B 917M | $ 823.99 | $ 2,464.43 | $ 295B 847M | 5.062 % | -2.192 % | 12.67 % | -0.738 % | 120M 47K people |
1996 | $ 103B 296M | $ 839.34 | $ 2,609.47 | $ 321B 144M | 6.599 % | -4.039 % | 11.18 % | -0.555 % | 123M 69K people |
1997 | $ 101B 848M | $ 807.50 | $ 2,634.19 | $ 332B 244M | 1.703 % | -3.532 % | 10.82 % | 0.107 % | 126M 128K people |
1998 | $ 101B 381M | $ 784.54 | $ 2,690.84 | $ 347B 718M | 3.494 % | -1.681 % | 12.51 % | 0.019 % | 129M 222K people |
1999 | $ 96B 8M | $ 725.40 | $ 2,775.82 | $ 367B 386M | 4.182 % | -1.933 % | 10.54 % | 1.369 % | 132M 352K people |