Pakistan GDP Trends from 1980 to 2023: A overall increase with some decline Flow

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%.

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.


Pakistan GDP from 1980 to 2023

The total market value of goods and services produced annually in Pakistan.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    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