Pakistan Economy
Salient Features: Low-income country with promising growth but transition to middle-income nation held back by chronic problems including rapidly rising population, sizable government deficits, heavy dependence on foreign aid, large military expenditures, and recurrent governmental instability. Gross Domestic Product (GDP): In FY 1993, equivalent of US$50.8 billion, or about US$408 per capita; GDP growth rate averaged 5.3 percent a year between 1950 and 1993. Agriculture: Declined over the past four decades from 53 percent of GDP in 1950 to 25 percent of GDP in FY 1993, but still employs about 48 percent of labor force. Notable for having world's largest continuous irrigation canal system. Industry: Leading growth component of economy, industry (including mining, manufacturing, and utilities) accounted for about 21.7 percent of GDP in FY 1993, up from 8 percent in FY 1950, and employed 13 percent of labor force. Services: Services, including construction, trade, transportation and communications, and other services, accounted for 53.3 percent of GDP in FY 1993 and employed 39 percent of labor force. About 7 percent of civilian work force employed in construction, 13 percent in trade, 5 percent in transpo
Foreign Aid: Dependent on foreign aid for development efforts and balancing debt payments. United States the largest donor of aid since independence; all United States military aid, and all new civilian commitments ended October 1990. Balance of Payments and External Debt: Negative balance of trade in early and mid-1990s. In FY 1992, exports US$6.9 billion and imports US$9.3 billion, resulting in trade deficit of approximately US$2.4 billion. Trade deficit expected to increase to US$2.5 billion in 1993. World Bank estimated US$24.1 billion external debt in 1992. rtation, and 14 percent in other services.
Some topics in this essay:
GDP FY,
Energy Firewood,
Features Low-income,
United Japan,
Aid Dependent,
Debt Negative,
Trade India,
Industry Leading,
Services Services,
US$508 US$408,
fy 1993,
gdp fy,
gdp fy 1993,
percent gdp,
percent gdp fy,
foreign aid,
labor force,
percent labor force,
percent labor,
percent imports,
13 percent,
trading partners,
energy sources,
trading partners hong,
arabia trading partners,
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Approximate Word count = 2484
Approximate Pages = 10 (250 words per page double spaced)
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