The GDP per Capita in Pakistan is equivalent to 9 percent of the world's average. The Gross Domestic Product per capita in Pakistan was last recorded at 1185.50 US dollars in 2019. Oman GDP per capita was at level of 18,198 US dollars in 2019, down from 19,093 US dollars previous year, this is a change of 4.68%. 2019-12: USD Irlandia 79703 76663: 2019-12: USD Szwajcaria 79407 ... PKB per capita - Lista krajów - Aktualne wartości, poprzednie wartości, prognozy, statystyki i … DataBank. As per advance estimate for the financial year 2018-2019, the per capita net state domestic product or per capita income of Punjab is Rs. Fish are one of Karachi's main exports. Karachi is the biggest fishery hub in Pakistan. Publish your articles and forecasts in our website. The country’s GDP was estimated at 266 billion USD, representing a GDP per capita of 2,800 USD, the highest in history. Saudi Arabia gdp per capita for 2019 was $23,140, a 0.85% decline from 2018. The following table shows the GDP of Punjab during the last few years: 33 014 US$ per capita. International magazine "Business Week" declared KSE as one of the Best Performing Markets of the world. [13]> Karachi's high GDP is based on its large industrial base, with a high dependency also on the financial services sector. Per 1 000 000 inhabitants 2019 Latvia (red) Find all indicators on Energy. Beyond centralizing powers, the city, formerly a district, was declared a division, towns abolished in favor of independent districts, the count standing at 7 as of September 2020. That alone causes a spread of issues branching from flawed allocation of funds and representation in Parliament to housing, to mass transit, to environment and just about every facet of life in urban and suburbs. China vs World by Nominal GDP per capita in 2019. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. [8][9][10][11] Karachi’s GDP was estimate in 2015 to be around 25% of the total GDP of Pakistan. Pakistan Stock Exchange, formerly Karachi Stock Exchange is Pakistan's largest and oldest stock exchange with at least 540 companies listed during 2020. So for every Sindh resident outside Karachi contributing $1 there's a resident in Karachi contributing $29.4. save hide report. These include: Despite the growth and development of transport infrastructure elsewhere in the country, Karachi remains the country's transport hub. Comparisons of national income are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. Fisheries play an important role in Karachi's economy. According to Bloomberg, Pakistan ranked third in 2014. Work is being done to promote the development of higher value added textile products, most notably by Ayesha Tammy Haq, an attorney who also has a television talk show. A PricewaterhouseCoopers study released in 2009, which surveyed the 2008 GDP of the top cities in the world, calculated Karachi’s GDP (PPP) to be $191 billion as of 2014[12] It confirmed Karachi’s status as Pakistan’s largest economy, well ahead of the next two biggest cities Lahore and Faisalabad, which had a reported GDP (PPP) in 2008 of $70 billion and $94 billion, respectively. By September, 2020, the year of global crisis and recession, PSX-100 was leading the global markets in correction with a return at 38.5% making PSX the best performer in Asia and fourth-best performing stock market in the world.[15]. The Trading Economics Application Programming Interface (API) provides direct access to our data. Karachi is the financial and industrial capital of Pakistan. Projected growth rate: % Debt. As of 2019[update], Karachi had an estimated GDP (nominal) of $164 billion. Online tool for visualization and analysis. $25,000 and 111 has above Int. Beyond that the city faces governance crisis bound by provisions of 18th Amendment in Constitution of Pakistan, giving all local body formation powers in hand of Province, with absolutely no room for intervention by federation; Rendering it a provincial dictatorship. Even Dr. Arif Alvi, President of Pakistan, has launched an initiative to help promote education, research and business opportunities in Artificial Intelligence, Blockchain, and Cloud-based computing which will educate IT technology to 10,000 students annually. The per capita GDP contribution of Shanghai amounted to around 157,300 yuan in 2019, up from 135,000 yuan in the previous year. The event reviewed 2019 and discussed measures to meet the targets set for next year. Karachi is allegedly the worst affected by controversial population census '17 placing it at 14.91 million, whereas all estimates and reality checks point above 30 million. They generate huge revenues for the city in advertising and provide jobs and entertainment. Close. There are many cottage industries in the city as well. The Karachi Fish Harbour and Korangi Fish Harbour are two major fish harbours in Karachi. China vs World by Nominal GDP per capita in 2019. Sindh's GDP with 83 billion is to a large extent influenced by the economy of Karachi, its capital and Pakistan's largest city. Graph and download economic data for Real gross domestic product per capita (A939RX0Q048SBEA) from Q1 1947 to Q3 2020 about per capita, real, GDP, and USA. Ireland. Country. Nearly all banks that operate in Pakistan have their corporate headquarters in the city. 6.2 tonnes per capita. Shanghai is one of … Direct access to our calendar releases and historical data. It is also a major source of export earning. Similarly, the US newspaper "USA Today" termed Karachi Stock Exchange as one of the best performing bourses in the world. Textiles, cement, steel, heavy machinery, chemicals, food, banking and insurance are the major industrial sectors contributing to Karachi's GDP. France gdp per capita for 2016 was $37,037, a 1.09% increase from 2015. Online tool for visualization and analysis. While Karachi’s real GDP grew 5.7 percent per annum from 2000 to 2012 (compared to 4.5 percent national growth), and employment likewise expanded at … An expo center has also been set up in Karachi, which hosts many regional and international exhibitions including the IDEAS Defence Exhibition. As of 2019, Karachi had an estimated GDP (nominal) of $64 billion. CSV XML EXCEL. I. I. Chundrigar Road (formerly McLeod Road), also known as the Wall Street of the city, remains the historical commercial hub of Karachi and is its main CBD. As of Q1-2021, even 2017 census is not published due to controversies and litigation. 14 comments. [2] Karachi also accounts for 75.14% of customs duty and 79% of sales tax on imports. Gross Domestic Product (GDP) per capita, a measure of economic activity, also shows substantial differences between the EU Member States. Selected Countries and Economies. This thread is archived. Saudi Arabia gdp per capita for 2018 was $23,339, a 12.19% increase from 2017. 1960-2019 Data | 2020-2021 Forecast | Historical | Chart. France gdp per capita for 2018 was $41,631, a 7.26% increase from 2017. Education Latest Trend GDP per capita in Malta averaged 14842.43 USD from 1970 until 2019, reaching an all time high of 28942.89 USD in 2019 and a record low of 3746.28 USD in 1970. Gyrostat (2016). The Gross Domestic Product per capita in Malta was last recorded at 28942.89 US dollars in 2019. For $168b (PPP) produced by Karachi residents, rest of the Sindh produced $5.7448b, with benefit of doubt we nudge it to $6b. The courts have been moved on the matter of 5% census audit. It is considered to be a very important indicator of the economic strength of a country and a positive change is an indicator of economic growth. $727. It is featured well within the list of country subdivisions with a GDP over $100 billion. There are 24 economies which have per capita income above Int. The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. France gdp per capita for 2019 was $40,494, a 2.73% decline from 2018. The GDP per Capita in Malta is equivalent to 229 percent of the world's average. Saudi Arabia gdp per capita for 2016 was $19,879, a 3.63% decline from 2015. Shenzhen in Guangdong province ranked first among the cities with the strongest per capita GDP in 2019, hitting $29,498, followed by southeastern cities Wuxi and Jiangsu province, seeing per capita GDP of $26,100 and $25,900, respectively. [2] Therefore, Karachi collects a significant 53.38% of the total collections of the Federal Board of Revenue, out of which 53.33% are customs duty and sales tax on imports. Environment Latest Trend All of Pakistan's airlines use Karachi as their primary hub, including Pakistan International Airlines, Aero Asia International and Airblue. GDP per capita is often considered an indicator of a country's standard of living; however, this is problematic because GDP per capita is not a measure of personal income. GDP per capita is gross domestic product divided by midyear … 77 economies have per capita income greater than global average. Tuvalu is the top country by GDP per capita growth in the world. Retrieved from Wikimedia Commons. 45 163 US$ per capita. In line with its status as a major port and the country's largest metropolis, it accounts for most of Pakistan's revenue generation. GDP per capita in Ireland averaged $32,896.49 USD from 1970 until 2017, reaching an all-time high of $74,433.46 USD in 2017 and a record low of $12,430.71 USD in 1970. GDP. Karachi is the financial and industrial capital of Pakistan. The GDP per Capita in Ireland is equivalent to 589 percent of the world’s average. Karachi is also known as software outsourcing hub of Pakistan. 91% Upvoted. The airport of Karachi, Jinnah International Airport (also known as Quaid-e-Azam International Airport) is the largest and busiest airport in Pakistan and handles 6 million passengers a year. Real GDP per capita The indicator is calculated as the ratio of real GDP to the average population of a specific year. [34], information and communications technology, "Federal Board of Revenue Year Book 2006-2007", "World Bank report: Karachi termed most business-friendly", "Urban world: Cities and the rise of the consuming class", "Provincial Accounts of Pakistan: Methodology and Estimates", "Sindh, Balochistan's share in GDP drops", "Karachi factsheet: Lloyd's City Risk Index", "CNN.com - Pakistan best 2002 market performer - Jan. 1, 2003", "Denmark and Pakistan: The Surprising Stock Markets That Outperformed in 2020", "North Karachi Association of Trade & Industry", "FBATI- Federal B Area Association of Trade & Industry", "Construction approved: Korangi Creek Industrial Park land up for grabs - The Express Tribune", "BQATI {Bin Qasim Association of Trade & Industry}", "Supreme Court accepts PSP's petition questioning Karachi's census", "CJP has voiced sentiments of Karachiites, says Mustafa Kamal", "Pakistan's sprawling Karachi 'broken' by monsoon floods", https://en.wikipedia.org/w/index.php?title=Economy_of_Karachi&oldid=997585716, Creative Commons Attribution-ShareAlike License, This page was last edited on 1 January 2021, at 07:20. The airport also receives the largest number of foreign airlines; a total of 27 airlines fly to Jinnah International, predominantly from the Middle East and South East Asia. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. Download historical data for 20 million indicators using your browser. Rep. 1,110 189 Sierra Leone 500 189 Malawi 1,080 In addition, another 400,000 people are employed in ancillary industries. And for the third consecutive year was among top 10 markets in the world (Source). They provide employment to about 300,000 fishermen directly. [1] The city accounts about half of the total collections of the Federal Board of Revenue, out of which, approximately half are customs duty and sales tax on imports. GDP measures the value of total final output of goods and services produced by an economy within a certain period of time. Karachi has more than 3000 Software Companies and growing day by day which accounts to almost half of the whole countries IT Industry. Most Recent Year. Map with all the countries by GDP per capita (2014). [2] Karachi's contribution to national revenue is around 55%. ... % of GDP 2019 New Zealand % of GDP: Exports % of GDP 2000-2019 New Zealand (red) Exports % of GDP 2019 New Zealand (red) Find all indicators on Economy. [2] Karachi produces about 30 percent of value added in large-scale manufacturing,[3] 25% of the GDP,[4] the World Bank identified Karachi as the most business-friendly city in Pakistan. In 2019, the GDP per capita in … $10,000 at purchasing power parity basis. [1] Dozens of new manufacturing units are also being built near the Pakistan Steel Mill. The recent trend of ICT (information and communications technology), electronic media and call centres has become a significant part of Karachi business hierarchy. Call centres for foreign companies have been targeted as a significant area of growth, with the government making efforts to reduce taxes by as much as 80 percent in order to gain foreign investments in the IT sector. Avaliable . It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. 2000 - 2019 GDP per capita growth (annual %) ... GDP per capita, PPP (current international $) GDP per capita (current LCU) GDP per capita, PPP (constant 2017 international $) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. “Vietnam’s economic growth rate was among the most rapid in the world despite a global downturn. No 7 Beijing Per capita GDP: $23,808. According to the Pakistan Federal Board of Revenue's 2006-2007 year-book, tax and customs units in Karachi were responsible for 70.75% of direct taxes, 33.65% of federal excise tax, and 23.38% of domestic sales tax. Karachi is the hub for Pakistan's banking and financial services sector and is home to Pakistan's Central Bank, the State Bank of Pakistan. Sindh Local Government Act 2013, thereby took away major municipal authorizations from Karachi Metropolitan Corporation under Mayor's Office, including planning and development, building control, solid waste management, water supply, sewerage and the like. Annual percentage growth rate of GDP per capita based on constant local currency. Sources/Entities: Eurostat | NSI, Eurostat | UN | NSI, PORDATA Last updated: 2020-11-26 CSV XML EXCEL. In World Bank data, Monaco and Liechtenstein has better per capita gdp than Luxembourg. The city has also firmly established itself as the electronic media capital of the country; most of Pakistan's media television channels are headquartered here, including Abbtakk News, CNBC Pakistan, Dawn News, TV One, Indus Media Group, ARY Digital, BOL Network, AAJ TV, KTN NEWS, KTN, KASHISH TV and Geo TV. Other industrial zones are located in Landhi, Korangi, FB Area, North Karachi and Port Qasim. 2019-12: USD Irlandia 79703 76663: 2019-12: USD Swiss 79407 ... PDB per kapita - Daftar Negara - Nilai saat ini, nilai sebelumnya, prakiraan, statistik dan grafik. Imf.org – International Monetary Fund (2019). The city accounts about half of the total collections of the Federal Board of Revenue, out of which, approximately half are customs duty and sales tax on imports. As of 2019, GDP per capita growth in Tuvalu was 8.5 %. As per 2018, Provincial share in total Tax Collection in Pakistan are Punjab 48%, Sindh 27%, Khyber Pakhtunkhwa 17%, Balochistan 8%. As of 2019 at current $, Luxembourg is the richest country of the world having GDP (nominal) per capita over one lakh USD that is close to 10 times to the world GDP per capita of $11,463 and over 400 times of lowest ranked South Sudan of US$275. [13] (projected to be $193 billion in 2025 at a growth rate of 5.5%). 1,53,061 (1.53 lakh) and it was 1,41,552 for the year 2017-2018. The economy of Pakistan is the 22nd largest in the world in terms of purchasing power parity (PPP), and 42nd largest in terms of nominal gross domestic product. [Photo by Zou Hong/chinadaily.com.cn] The now-defunct Adam Motor Company was formerly located in the city. Ten Member States recorded a level of GDP per capita above the EU average in 2019. 2019 Karachi GDP estimate of $168 billion. world.[6]. Farm businesses line the SuperHighway route. As a sign of the growing strength of the electronic media sector, GEO TV is planning to start an additional 10 channels and for this purpose is setting up a 50-acre (200,000 m2) studio in the city. The manufacturing plant located in Bin Qasim has a production capacity of 150,000 vehicles per year. [2] Revenue collected from Karachi includes revenue from some other areas since the Large Tax Unit (LTU) Karachi and Regional Tax Offices (RTOs) Karachi, Hyderabad, Sukkur and Quetta cover the entire province of Sindh and Baluchistan. Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. Suzuki Motor Company is also located in Karachi. Aggregates are based on constant U.S. dollars. $50,000, 62 have above Int. Avaliable . Rep. 520 187 Niger 1,250 186 Madagascar 520 188 Congo, Dem. This, along with presence of 6 cantonment boards covering allegedly at least 60% of city, introduced a divide in city's management and thence centralizing the co-ordination in hands of provincially administered bodies; [33] The damage of which was evident from chaos prevailing after August 2020 record rains and urban floods bringing commercial activity and peace to a halt, killing over a 100 and displacing thousands. New comments … Karachi GDP Growth Rate. Among others, Millat Tractors, Daihatsu, HinoPak Buses and Trucks manufacturing plants are also located in Karachi. Posted by 1 year ago. share. Gross domestic product (GDP), US dollars/capita, 2019. Toyota is in the process of increasing production capacity to over 120,000 units per annum. She set up Pakistan Fashion Week, a showcase for Pakistan's emerging fashion industry. A substantial chunk of Sindh’s GDP, around 95% is attributed to Karachi[8][9] (the GDP of Sindh as a percentage of Pakistan’s total GDP has traditionally hovered around 25%/30%). Karachi is also home of major automobile manufacturing companies. In 2019, GDP per capita expressed in PPS ranged between 53% of the EU average in Bulgaria and 260% in Luxembourg. Archived. Per capita income of top ranker Qatar is over 7 times to the world GDP per capita and 183 times of lowest ranked Burundi of Int. 1990 - 2019 GDP per capita, PPP (constant 2017 international $) ... GDP per capita (current LCU) GDP per capita (current US$) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. GDP per capita is gross domestic product divided by midyear population. The city's two ports, Port of Karachi (Pakistan's largest) and Port Qasim, are central to nearly all shipping in Pakistan. Saudi Arabia gdp per capita for 2017 was $20,804, a 4.65% increase from 2016. The top 5 countries also includes Armenia, Bangladesh, Rwanda, and Viet Nam. 40. Gross domestic product (GDP), US dollars/capita, 2019. DataBank. Karachi contributes close to 98% to Sindh GDP, that's 49:1. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. [5] In 2010, research by the global human resources company Mercer found Karachi to be the most inexpensive city in the Per capita GDP growth can be broken down into a part which is due to growth in labour productivity (GDP per hour worked) and a part which is due to increased labour utilisation (hours worked per capita). The Sindh Industrial Trading Estate (SITE) in Manghopir is the biggest industrial area of Pakistan. Selected Countries and Economies. GDP per capita in Pakistan averaged 711.18 USD from 1960 until 2019, reaching an all time high of 1197.90 USD in 2018 and a record low of 302.10 USD in 1960. It has a rapidly flourishing 'Free Zone' with an annual growth rate of nearly 6.5 percent. [32] With about 1100km2 of city proper, the population density would stand beyond 30,000 per km2, thereby ranking it at least 6th most dense city proper. Shared-bike riders cycle past the Tiananmen Tower in Beijing, on Dec 30, 2019. Gross national income per capita 2019, Atlas method and PPP Purchasing Atlas power parity methodology (international Ranking Economy (US dollars) Ranking Economy dollars) 186 Congo, Dem. France gdp per capita for 2017 was $38,812, a 4.79% increase from 2016.

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