14/06/2023
Islamabad:β A Comparison of key economic indicators in last two years, based on Economic Survey 2023:
GDP growth:β
2022:β 6.1%
2023:β 0.29%
Industrial growth:β
2022:β 7.19%
2023:β -2.94% π»(negative)
Large scale manufacturing:β
2022:β 10.61%
2023:β -8.11%π»(negative)
Total GDP:β
2022:β $383 billions
2023:β $341 billions
Exports:β
2022:β $28.83 billions
2023:β $21.2 billions
Remittances:β
2022:β $26.1 billions
2023:β $20.5 billions
Per capita income:β
2022:β $1765
2023:β $1658
FDI:β
2022:β $1.4 billions
2023:β $1.0 billions
Foreign exchange reserves:β
2022:β $8.4 billions
2023:β $4.2 billions
Service sector growth:β
2022:β 6.19%
2023:β 0.86%
Agriculture growth:β
2022:β 4.40%
2023:β 1.55%
CPI inflation:β
2022:β 11%
2023:β 28.2%
Food inflation:β
2022:β 11.8%
2923:β 37.9%
Perishable food inflation:β
2022:β 4.1%
2023:β 47%
Non-perishable food inflation:β
2022:β 13.1%
2023:β 36.4%
Key deductions from Economic Survey of Pakistan 2023:β
β Govt has missed all key economic indicators in financial year 2022-23, putting economy in a nosedive.
β With only 0.3% economic growth & 38% inflation, economy has slipped into massive stagflation.
CAD:β
2022:β $13.7 billions
2023:β $3.3 billions
Source:β Finance Division, Govt of Pakistan.