Source: world bank Nominal/PPP
Summary:
Pakistan GDP Per Capita expanded from 1960 to 2024, increasing from $82.02 to $1,478.77 .The compound annual growth rate (CAGR) averaged 4.62% over the period. The economy recorded its peak level in 2018 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 43.46%, indicating the largest cyclical decline from peak levels. The country experienced 10 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.
- Expansion (1962–1963) indicating steady moderate growth
- High Growth (1964–1967) indicating robust economic expansion
- Expansion (1968–1969) indicating steady moderate growth
- Crisis (1972–1973) indicating severe economic downturn
- High Growth (1974–1982) indicating robust economic expansion
- Contraction (1985–1986) indicating temporary slowdown
- Expansion (1992–1993) indicating steady moderate growth
- Contraction (1997–1999) indicating temporary slowdown
- Contraction (2001–2002) indicating temporary slowdown
- High Growth (2003–2008) indicating robust economic expansion
- High Growth (2011–2012) indicating robust economic expansion
- Expansion (2013–2014) indicating steady moderate growth
- 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 53.578%, while the largest decline was in 1973 at -34.145%.