29/01/2024
*Comparison of key economic indicators in last two years, based on Economic Survey 2023 issued by the Government itself:*
Per capita income:—
2022:— $1765
2023:— $1568
GDP growth:—
2022:— 6.1%
2023:— 0.29%
Industrial growth:—
2022:— 7.19%
2023:— -2.94% 🔻(negative)
Large scale manufacturing:
2022:— 10.61%
2023:— -8.11%🔻(negative)
Total GDP:—
2022:— $383 billions
2023:— $341 billions
Exports:—
2022:— $28.83 billions
2023:— $21.2 billions
Remittances:—
2022:— $26.1 billions
2023:— $20.5 billions
FDI:—
2022:— $1.4 billions
2023:— $1.0 billions
Foreign exchange reserves:—
2022:— $8.4 billions
2023:— $4.2 billions
Service sector growth:—
2022:— 6.19%
2023:— 0.86%
Agriculture growth:—
2022:— 4.40%
2023:— 1.55%
CPI inflation:—
2022:— 11%
2023:— 28.2%
Food inflation:—
2022:— 11.8%
2023:— 37.9%
Perishable food inflation:—
2022:— 4.1%
2023:— 47%
Non-perishable food inflation:—
2022:— 13.1%
2023:— 36.4%
Key deductions from Economic Survey of Pakistan 2023:—
■ Govt has missed all key economic indicators in financial year 2022-23, putting economy in a nosedive.
■ With only 0.3% economic growth & 38% inflation, economy has slipped into massive stagflation.
Source:— *Finance Division, Govt of Pakistan.*(Copied)
