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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
