Saturday, 15 June 2013

Pakistan GDP and GDP Growth Rate (from 1950 to 2014) | Forecast

Pakistan GDP and GDP Growth Rate and GDP Independent evaluation World Bank:
                  Pakistan GDP Growth Rate 3.60% in July 2012 to June 2013 data and previous year 4.40%. Gross domestic product decreases 0.80% than the previous year.
Base Year 2005-06
                                                     FY 2012      FY 2013
       Real GDP Growth Rate         4.4%            3.6%
            Services                                5.3%            3.7%
            Industry                                 2.7%            3.5%
            Agriculture                            3.5%             3.3%
Gross Domestic Product Published by the Federal Bureau of Statistics Pakistan.
Pakistan National Accounts Base year:
1959-60         1980-81       1999-2000
New Base 2005-06
Pakistan GDP Basket Divided into Three Major Groups:
Services, Industry and Agriculture.                                 Base Year 1999-2000
                                                                      Share  in GDP                   Sector Contribution
                                                                                                                     in Growth Rate

                                                              FY2011             FY2012         FY2011            FY2012
             Services                                     53.4                    53.5              2.3                     2.1
1-Transport,storage and Communication     9.9                      9.6               0.1                    0.1
2-Wholesale and Retail trade                    17.1                    17.1              0.6                     0.6
3-Finance and Insurance                            4.7                      4.8              -0.1                    0.3
4-Ownership of dwellings                          2.7                      2.7                0.0                    0.1
5-Public Administration and defence          6.7                      6.6                0.9                    0.2
6-Social and community services              12.3                    12.6                0.8                    0.8
Industry                                                 25.5                    25.4                0.2                    0.9
1-Mining and quarrying                             2.4                      2.4                0.0                    0.1
2-Manufacturing                                      18.7                    18.7                0.6                    0.7
a-Large scale                                          12.1                    11.9                 0.1                    0.2              
b-Small and Household                            5.1                      5.3                 0.4                    0.4
3-Construction                                         2.1                     2.2                -0.2                    0.1
4-Electricity and Gas distribution              2.3                      2.2                -0.2                    0.0
Agriculture                                            21.2                   21.1                 0.5                    0.7     
1-Major crops                                          6.7                     6.7                 0.0                    0.2
2-Minor crops                                          2.2                     2.1                 0.1                    0.0
3-Live stock                                           11.6                   11.6                 0.5                     0.5
4-Fishing                                                  0.4                    0.4                  0.0                     0.0                    
5-Forestry                                                0.2                    0.2                  0.0                    0.0
                                                                                                        ____________________
                                                               Total  GDP Growth Rate       3.0%                 3.7%                 
Gross Domestic Product Published by the Federal Bureau of Statistics Pakistan.
      Pakistan GDP Growth Rate Forecast:
               2014        2015           Annual
              3.10%       3.70%     (source International Monetary Fund)   IMF
              4.00%          -            (Source State Bank Pakistan)
Pakistan Real GDP Growth Rate Annually from 1950 to 2013 and Big Sector Growth Rate Agriculture, Industry, Services  Annually

Full
Year
AgricultureIndustryServicesReal
GDP
Growth
Rate
20133.3%3.5%3.7%3.60%
20123.5%2.7%5.3%4.40%
20112.4%0.7%4.4%3.00%
20100.6%8.3%2.90%3.80%
20094.0%-10.6%1.7%-1.6%
20081.0%1.4%6.0%7.2%
20074.1%8.8%7.0%6.8%
20066.3%4.1%6.5%5.8%
20056.5%12.1%8.5%9.0%
20042.4%16.3%5.8%7.5%
20034.1%4.2%5.2%4.7%
20020.1%2.7%4.8%3.1%
2001-2.2%4.1%3.1%2.0%
20006.1%1.3%4.2%3.9%
19991.9%4.9%5.0%4.2%
19984.5%6.1%1.6%3.5%
19970.1%-0.3%3.6%1.7%
199611.7%4.7%5.0%6.6%
19956.6%0.7%4.8%4.1%
19945.2%4.5%4.2%4.5%
1993-5.3%5.5%4.6%2.3%
19929.5%7.7%6.8%7.7%
19915.0%6.9%5.2%5.6%
19903.0%6.4%4.5%4.6%
19896.9%4.7%3.8%4.8%
19882.7%9.8%6.8%6.4%
19873.3%8.6%5.9%5.8%
19865.9%8.1%5.8%6.4%
198510.9%7.8%7.9%8.7%
1984-4.8%7.1%7.9%4.0%
19834.4%4.9%9.2%6.8%
19824.7%10.7%7.9%7.6%
19813.7%9.4%6.6%6.4%
19806.6%10.8%5.9%7.3%
19793.1%7.6%6.1%5.5%
19782.8%9.5%10.5%7.7%
19772.5%2.9%3.0%2.8%
19764.5%4.9%1.5%3.3%
1975-2.1%2.0%10.0%3.9%
19744.2%8.4%9.8%7.5%
19731.7%10.3%9.6%6.8%
19723.5%-1.5%3.5%2.3%
1971-3.1%6.4%2.6%1.2%
19709.5%15.3%7.0%9.8%
19694.5%12.0%5.6%6.5%
196811.7%5.1%3.1%6.8%
19675.5%3.6%0.7%3.1%
19660.5%8.0%14.4%7.6%
19655.3%11.2%12.8%9.4%
19642.5%14.8%6.8%6.5%
19635.2%12.7%6.9%7.2%
19626.2%9.5%4.3%6.0%
1961-0.2%18%5.7%4.9%
19600.3%1.8%1.2%0.9%
19594.0%6.7%6.8%5.5%
19581.9%5.6%2.1%2.5%
19572.3%5.9%2.8%3.0%
19562.1%10.5%2.9%3.5%
1955-2.2%10.3%5.0%2.0%
195415.2%12.1%3.6%10.2%
19530.2%8.8%1.6%1.7%
1952-9.1%11.4%4.8%-1.8%
19512.6%8.5%4.5%3.9%
 Pakistan Base year information:
The national accounts of Pakistan had been estimated on current prices until the base was set as 1959-60 which was adopted in 1962-63.
The first change of base took place in 1987 when the year 1980-81 was adopted as base year. The
next change of base was adopted in 2003 setting the base as 1999-2000.
This was established totally on the studies and the need was felt to change the base establishing it on the surveys which are definitely preferred to studies. Survey information is more reliable and objective than studies. Therefore the efforts started to rebase the national accounts and 2005-06 was selected as a base year, the CDWP approved a project named “Rebasing of National Accounts (RNA) from 1999-2000 to 2005-06”. The project continued up to June 2010. Surveys were conducted for the major sectors and studies were designed to fill the small gaps and to capture emerging fields.
Observing the performance of the economy and its main macro-economic variables requires fairly long time series of data which are comparable to those of other countries. Therefore, it is necessary for National Accounts to keep the methods, concepts and definitions of the respective figures constant over time and space. All necessary changes are to be stalled and then implemented as a bundled exercise called “revalue” or “revision”. According to international recommendation such a revision should be undertaken every five to seven years. Pakistan has now completed its revalue for the year 2005-06. The new base year will replace the existing one of 1999-2000. It implemented
• New censuses, surveys, studies
• New price basis
• New concepts (System of National Accounts)
• Changes in classifications
As a result of re-basing, Gross Domestic Product (GDP) estimates for 2005-06 have improved from Rs.7159
billion to Rs. 7716 billion, showing an increase of  7.8 % over the old base estimates. Estimates of the agriculture sector.
Gross Domestic Product Published by the Federal Bureau of Statistics Pakistan.
Pakistan GDP value and Real GDP Growth Rate Independent evaluation World Bank.
Pakistan Real GDP Growth Rate:
GDP Growth Rate 4.20% in 2012 and last year 3.00% GDP growth rate.GDP increase 1.20% in 2012.
Pakistan GDP in Billion Dollar:
 GDP 231.182 Billion Dollar in 2012 and last year 210.741 Billion Dollar.GDP value increase 20.441 billion dollar in 2012.
    GDP value and growth rate Published by the World Bank.
Pakistan GDP Annually from 1960 to 2012
DateGDP
in
Billion Dollar
Current Dollar
Rate
__Real GDP
Growth
Rate
2012231.182___4.2%
2011210.741___3.00%
2010176.477___3.5%
2009161.819___3.6%
2008163.891___1.6%
2007143.171___5.7%
2006127.500___6.2%
2005109.600___7.7%
200497.977___7.4%
200383.244___4.8%
200272.306___3.2%
200172.309___2.0%
200073.952___4.3%
199962.973___3.7%
199862.192___2.6%
199763.433___1.0%
199663.320___4.8%
199560.636___5.0%
199451.895___3.7%
199351.478___1.8%
199248.635___7.7%
199145.452___5.1%
199040.010___4.5%
198940.171___5.0%
198838.473___7.6%
198733.352___6.5%
198631.899___5.5%
198531.145___7.6%
198431.152___5.1%
198328.692___6.8%
198230.726___6.5%
198128.101___7.9%
198023.689___10.2%
197919.707___3.8%
197817.820___8.0%
197715.126___3.9%
197613.338___5.2%
197511.340___4.2%
19748.773___3.5%
19736.324___7.1%
19729.309___0.8%
197110.602___0.5%
197010.027___11.4%
19698.632___5.5%
19688.090___7.2%
19677.403___5.4%
19666.467___5.8%
19655.885___10.4%
19645.130___7.6%
19634.541___8.7%
19624.233___4.5%
19614.054___6.0%
19603.707___-



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