Source: world bank Nominal/PPP
Summary:
Pakistan GDP Per Capita expanded from 1960 to 2024, increasing from $3.75 to $371.57 .The compound annual growth rate (CAGR) averaged 7.45% over the period. The economy recorded its peak level in 2022 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 40.21%, indicating the largest cyclical decline from peak levels. The country experienced 9 recession episode(s) during the observed period.
Pakistan Economic Phases (1960 - 2024)
From 1960 to 2024, Pakistan economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1963–1971) indicating robust economic expansion
- Crisis (1972–1973) indicating severe economic downturn
- High Growth (1974–1982) indicating robust economic expansion
- Expansion (1986–1987) indicating steady moderate growth
- High Growth (1991–1993) indicating robust economic expansion
- Contraction (1997–1998) indicating temporary slowdown
- High Growth (2003–2008) indicating robust economic expansion
- High Growth (2010–2012) indicating robust economic expansion
- Expansion (2013–2014) indicating steady moderate growth
- Contraction (2019–2020) indicating temporary slowdown
- High Growth (2021–2022) indicating robust economic expansion
- High Growth (2024–2024) indicating robust economic expansion
The most remarkable growth occurred in 2000 with an increase of 57.978%, while the largest decline was in 1973 at -32.199%.