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Comparison of key economic indicators in last two years, based on Economic Survey 2023 issued by the Government itself:*

GB Testing Service

10 Mar, 2024

*Comparison of key economic indicators in last two years, based on Economic Survey 2023 issued by the Government itself:*

Per capita income:—

2022:— $1765

2023:— $1568

GDP growth:—

2022:— 6.1%

2023:— 0.29%

Industrial growth:—

2022:— 7.19%

2023:— -2.94% 🔻(negative)

Large scale manufacturing:

2022:— 10.61%

2023:— -8.11%🔻(negative)

Total GDP:—

2022:— $383 billions

2023:— $341 billions

Exports:—

2022:— $28.83 billions

2023:— $21.2 billions

Remittances:—

2022:— $26.1 billions

2023:— $20.5 billions

FDI:—

2022:— $1.4 billions

2023:— $1.0 billions

Foreign exchange reserves:—

2022:— $8.4 billions

2023:— $4.2 billions

Service sector growth:—

2022:— 6.19%

2023:— 0.86%

Agriculture growth:—

2022:— 4.40%

2023:— 1.55%

CPI inflation:—

2022:— 11%

2023:— 28.2%

Food inflation:—

2022:— 11.8%

2023:— 37.9%

Perishable food inflation:—

2022:— 4.1%

2023:— 47%

Non-perishable food inflation:—

2022:— 13.1%

2023:— 36.4%

Key deductions from Economic Survey of Pakistan 2023:—

■ Govt has missed all key economic indicators in financial year 2022-23, putting economy in a nosedive.

■ With only 0.3% economic growth & 38% inflation, economy has slipped into massive stagflation.

Source:— *Finance Division, Govt of Pakistan.*

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