Distribution of gross domestic product (GDP) across economic sectors Pakistan 2020. In 2020, agriculture contributed around 22.69 percent to the GDP of Pakistan, 17.69 percent came from the industry, and over half of the economy’s contribution to GDP came from the services sector.
What is the income of Pakistan?
Key information about Pakistan Household Income per Capita
Pakistan Annual Household Income per Capita reached 587.069 USD in Jun 2019, compared with the previous value of 650.644 USD in Jun 2016.
What is the main industry of Pakistan?
Pakistan’s industrial sector accounts for about 17% of GDP. Cotton textile production and apparel manufacturing are Pakistan’s largest industries, accounting for about 65% of the merchandise exports and almost 40% of the employed labour force.
Which is the largest sector of Pakistan economy?
Agriculture constitutes the largest sector of our economy. Majority of the population, directly or indirectly, dependent on this sector. It contributes about 24 percent of Gross Domestic Product (GDP) and accounts for half of employed labour force and is the largest source of foreign exchange earnings.
Which province of Pakistan is richest?
Punjab , which is the largest province in terms of population, dominates other provinces in contributing to the national economy. As of 2023, Punjab will had a GDP of $105 billion which has steadily continued to grow. It is featured well within the list of country subdivisions with a GDP over $100 billion.
What is a good salary in Pakistan?
Well, the average gross salary of a person working in Pakistan is $611/month or $7,330/year , while the average hourly rate is $3.52.
What is Pakistan famous for producing?
The major exports of Pakistan include textiles, leather and sports goods, chemicals, carpets, and rugs . Meanwhile, Pakistan also exports significant quantities of rice, sugar, cotton, fish, fruits, and vegetables.
Which city is famous for textile industry in Pakistan?
Faisalabad is famous due to its large textile industry in all over the Pakistan as well as world, so about half of Pakistan’s total textile shipments are made by Faisalabad (Farhan, 2016).
Which industry is the backbone of Pakistan economy?
Being a major cash crop of Pakistan, cotton is considered the backbone of the economy It contributes about 0.8 percent to GDP and 4.1 percent of total value addition in agriculture. During 2019-20, was sown on an area of 2,527 hectares, which increased by 6.5 percen over last year’s area (2,373 hectares).
Is Pakistan a third world country?
Pakistan shows significant progress in all economic areas except labor. In the composite index, Pakistan has sound economic status in the 3rd world . In the aggregate socioeconomic index of development, Pakistan has the strongest position in the 3rd world.
Which country has highest GDP?
| # Country GDP (abbrev.) | 1 United States $19.485 trillion | 2 China $12.238 trillion | 3 Japan $4.872 trillion | 4 Germany $3.693 trillion |
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What is the literacy rate of Pakistan?
Literacy rate in Pakistan 2017
The literacy rate measures the percentage of people aged 15 and above who are able to read and write. In 2017, Pakistan’s total literacy rate was around 59 percent , with less than 47 percent of women being literate and more than 71 percent of men.
Which city is most beautiful in Pakistan?
Islamabad is considered as the most beautiful city in Pakistan.
Where do the rich live in Pakistan?
Pakistan is a poor country, but many wealthy people live there, with the highest proportion in Karachi . The contrasts between rich and poor affect many aspects of life in the country. Ali and his family live in Karachi.
Why is Pakistan so poor?
While Pakistan is one of the richest countries in Asia, poverty in Pakistan is a fact of life for most of its people. The main cause of Pakistan’s poverty rate is the fact that many Pakistanis lack basic human rights . Many Pakistanis, often women and children, are begging in the streets throughout their country.
What is the highest paid job in Pakistan?
- Business Administration. Students with a degree in BBA and MBA can expect a variety of job opportunities at well-reputed organizations. ...
- Chartered Accountant. A chartered accountant is another highest paid job in Pakistan. ...
- Software Engineer. ...
- Digital Marketer. ...
- Physical Therapists.
