Pakistan’s per capita income surged by 9.75 percent to a record $1,824 in the fiscal year 2024–25, according to provisional data from the Pakistan National Accounts Committee (NAC). This rise reflects a strong economic rebound as the country’s gross domestic product (GDP) crossed $410 billion, placing Pakistan among the world’s 40 largest economies.
In local currency terms, per capita income increased 8.27 percent to Rs509,174, up from Rs470,258 the previous year. The GDP grew 2.68 percent year-on-year, reaching $410.96 billion compared to $371.66 billion in FY24.
The growth was driven primarily by a robust 3.99 percent expansion in the services sector, supported by trade, transport, IT, finance, and public administration. Agriculture saw moderate growth of 1.18 percent, helped by improved output in crops and forestry, despite some declines in key crops during the second quarter. However, the industrial sector contracted by 1.14 percent, weighed down by weak performance in electricity, gas, and water supply.
Revised quarterly GDP growth figures show 1.37 percent growth in Q1 and 1.53 percent in Q2, reflecting updated data across sectors. The committee also finalized FY23 GDP at -0.21 percent and revised FY24 growth to 2.51 percent. Overall, Pakistan’s economy is now valued at Rs114.7 trillion.
Analysts credit this rebound to Pakistan’s economic resilience despite global challenges, regional tensions, and domestic issues such as exchange rate fluctuations and political instability. The last time Pakistan’s GDP approached this level was in FY18, before several years of volatility.