GDP size, per capita income rise in FY24

Pakistan’s gross domestic product (GDP) and per capita income increased in dollar terms during 2023-24, indicating a revival in the country’s overall output compared to the previous year. However, the economy’s size remains lower than $375.449 billion recorded in FY22, indicating that GDP growth has slowed under the PMLN-led coalition government. On Wednesday, the National Accounts Committee (NAC) approved these figures in a meeting chaired by Planning Commission Secretary Awais Manzur Sumra. The size of the economy went up to $374.903bn in FY24 from $338.150bn in FY23. The increase indicates that growth is mostly driven by the country’s unprecedented inflation.