The economy of the Islamic Republic of Pakistan is suffering with high inflation rates well above 26%.
Over 1,081 patent applications were filed by non-resident Pakistanis in 2004 revealing a new-found confidence.
Agriculture accounted for about 53% of GDP in 1947. While per-capita agricultural output has grown since then, it has been outpaced by the growth of the non-agricultural sectors, and the share of agriculture has dropped to roughly one-fifth of Pakistan's economy.
In recent years, the country has seen rapid growth in industries (such as apparel, textiles, and cement) and services (such as telecommunications, transportation, advertising, and finance).
Sectoral contribution to GDP Growth Most of the recent acceleration in GDP growth has come from the industrial and service sectors.
GDP growth by sector, as a percentage of GDP
Sector
2001-02
2002-03
2003-04
2004-05
Agriculture
0.03
1.01
0.53
1.74
Industry — Manufacturing
0.61 1.71
1.08 1.11
2.74 2.31
2.46 2.19
Service
2.47
2.75
3.16
4.16
Real GDP (fc)
3.1%
4.8%
6.4%
8.4%
Source: Economic Survey of Pakistan 2005
Structure of production
Share of Various Sectors in GDP
Sector
2000-01
2001-02
2002-03
2003-04
2004-05
Goods (1+2+3+4+5)
48.2
47.3
47.1
47.4
47.6
1. Agriculture
25.1
24.4
24.2
23.3
23.1
2. Mining
1.3
1.4
1.5
1.5
1.4
3. Manufacturing
15.9
16.1
16.4
17.6
18.3
4. Construction
2.4
2.4
2.4
2.1
2.0
5. Energy Distribution
3.4
3.0
2.5
2.9
2.7
Services (6+7+8+9+10+11)
51.8
52.7
52.9
52.6
52.4
6. Transportation & Comm.
11.7
11.5
11.5
11.4
11.1
7. Trade
18.1
18.0
18.2
18.5
19.1
8. Finance & Insurance
3.1
3.6
3.3
3.3
3.7
9. Ownership of Dwellings
3.2
3.2
3.2
3.1
2.9
10. Public Admin. & Defense
6.3
6.5
6.7
6.5
6.0
11. Other Services
9.4
9.9
10.0
9.9
9.6
Note: GDP is estimated at constant factor cost. Figures are in percentage. Source: Economic Survey of Pakistan 2005
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