Pakistan: Economy
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YEAR-WISE DEVELOPMENTS
2007
Source:
Dawn, Oct 21 2007
By Our Correspondent
As many as 37 per cent of the working-age population in Pakistan is 24 years old or younger, says a World Bank report released.
The World Bank development report for 2008 [???; astrology] also shows a total of $308 million of foreign direct investment in the country in 2000, which increased to $2.2 billion in 2005.
Long-term debt was $29.7 billion in 2000, which increased to $31 billion in 2005.
Total debt service as percentage of exports of goods, services and income was 25.2 in 2000 and 10.2 in 2005.
Official development assistance and official aid was $692.4 million in 2000, which increased to $1.7 billion in 2005.
Workers’ remittances and compensation of employees totalled $1.1 billion in 2000, $4.3 billion in 2005 and $5.4 billion in 2006.
According to World development indicators database of April 2007, Pakistan’s GDP in US dollars was $73.3 billion in 2000, which increased to $128.8 billion in 2006.
The annual GDP growth rate is shown as 4.3 per cent in 2000, 7.3 per cent in 2005 and 6.2 per cent in 2006.
The annual inflation, GDP deflator, is shown as 23.8 per cent in 2000, 8.7 per cent in 2005 and 10.3 per cent in 2006.
Agriculture is shown as 26.2 per cent of the GDP in 2000, 22.2 per cent in 2005 and 20.5 per cent in 2006.
Industry is shown as 22.6 per cent of the GDP in 2000, 26.5 per cent in 2005 and 26.7 per cent in 2006.
Services and miscellaneous are shown as 51.2 per cent of the GDP in 2002, 51.3 per cent in 2005 and 52.9 per cent in 2006.
Exports of goods and services are shown as 13.6 per cent of the GDP in 2000, 15.5 per cent in 2005 and 15.5 per cent in 2006.
Imports of goods and services are shown as 14.8 per cent of the GDP in 2000, 19.3 per cent in 2005 and 24.4 per cent in 2006.
Gross capital formation is shown as 17.4 per cent of the GDP in 2000, 18.1 per cent in 2005 and 20 per cent in 2006.
Revenue, excluding grants, is shown as 14 per cent of the GDP in 2000, 12.8 per cent in 2005 and minus 13.3 per cent in 2006.
Cash and surplus deficit is shown as minus 4.1 per cent of the GDP in 2000, minus 3.2 per cent in 2005 and minus 3.8 per cent in 2006.
It takes 24 working days to start a business in Pakistan.
Market capitalisation of listed companies is shown as 9.0 per cent of the GDP in 2000, 41.3 per cent in 2005 and 35.3 per cent in 2006.
Military expenditure is shown as 4.1 per cent of the GDP in 2000 and 3.3 per cent in 2005.
Only 24.3 per thousand people had mobile phones in 2000, which increased to 115.9 per thousand in 2005.
Only 2.2 per thousand people had access to the internet in 2000, which increased to 67.4 in 2004.The World Bank also notes that the population growth rate in Pakistan reduced from 2.4 per cent in 2000 and 2005 to 2.1 in 2006.
Infant mortality rate also reduced from 85 per thousand live births in 2000 to 79 in 2005.
Prevalence of HIV for population aged between 15 and 49 remains at 0.1 per cent.
Primary school completion rate is 63.2 per cent. Enrolment in primary schools is 87.3 per cent of the relevant age group. For secondary schools it is only 26.9 per cent and reduces to a depressing low of 4.6 per cent for high school and colleges.
Ratio of girls to boys in primary and secondary education is 75.4 per cent. Adult literary rate for people aged between 15 and above is shown as 49.9 per cent.
Of a total surface area of 796.1 thousand square kilometres, only 21,160 square kilometres were shown as forest areas in 2000, which further reduced 19,020 square kilometres in 2005.
Agriculture land increased from 35 per cent of the total surface area in 2000 to 35.1 per cent in 2005.
As many as 89 per cent people have access to improved water sources.
In urban areas, 89 per cent of the population has access to improved sanitation facilities.
Energy use as kilogram of oil equivalent per capita remains 463.2 and electric power consumption kilowatts per capita is shown as 373.5.
Energy imports cover 26.3 per cent of total energy use.
