Map with all the countries by GDP per capita (2014). $25,000 and 111 has above Int. While Karachi’s real GDP grew 5.7 percent per annum from 2000 to 2012 (compared to 4.5 percent national growth), and employment likewise expanded at … The event reviewed 2019 and discussed measures to meet the targets set for next year. The economy of Pakistan is the 22nd largest in the world in terms of purchasing power parity (PPP), and 42nd largest in terms of nominal gross domestic product. As of 2019, Karachi had an estimated GDP (nominal) of $64 billion. In 2019, GDP per capita expressed in PPS ranged between 53% of the EU average in Bulgaria and 260% in Luxembourg. I. I. Chundrigar Road (formerly McLeod Road), also known as the Wall Street of the city, remains the historical commercial hub of Karachi and is its main CBD. Pakistan Stock Exchange, formerly Karachi Stock Exchange is Pakistan's largest and oldest stock exchange with at least 540 companies listed during 2020. China vs World by Nominal GDP per capita in 2019. Per capita GDP growth can be broken down into a part which is due to growth in labour productivity (GDP per hour worked) and a part which is due to increased labour utilisation (hours worked per capita). New comments … Environment Latest Trend [2] Karachi's contribution to national revenue is around 55%. As per 2018, Provincial share in total Tax Collection in Pakistan are Punjab 48%, Sindh 27%, Khyber Pakhtunkhwa 17%, Balochistan 8%. International magazine "Business Week" declared KSE as one of the Best Performing Markets of the world. Farm businesses line the SuperHighway route. Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. Beyond that the city faces governance crisis bound by provisions of 18th Amendment in Constitution of Pakistan, giving all local body formation powers in hand of Province, with absolutely no room for intervention by federation; Rendering it a provincial dictatorship. The top 5 countries also includes Armenia, Bangladesh, Rwanda, and Viet Nam. 40. Gross domestic product (GDP), US dollars/capita, 2019. So for every Sindh resident outside Karachi contributing $1 there's a resident in Karachi contributing $29.4. Publish your articles and forecasts in our website. France gdp per capita for 2017 was $38,812, a 4.79% increase from 2016. 1,53,061 (1.53 lakh) and it was 1,41,552 for the year 2017-2018. Sindh Local Government Act 2013, thereby took away major municipal authorizations from Karachi Metropolitan Corporation under Mayor's Office, including planning and development, building control, solid waste management, water supply, sewerage and the like. [2] Revenue collected from Karachi includes revenue from some other areas since the Large Tax Unit (LTU) Karachi and Regional Tax Offices (RTOs) Karachi, Hyderabad, Sukkur and Quetta cover the entire province of Sindh and Baluchistan. As of 2019[update], Karachi had an estimated GDP (nominal) of $164 billion. Posted by 1 year ago. Call centres for foreign companies have been targeted as a significant area of growth, with the government making efforts to reduce taxes by as much as 80 percent in order to gain foreign investments in the IT sector. Real GDP per capita The indicator is calculated as the ratio of real GDP to the average population of a specific year. She set up Pakistan Fashion Week, a showcase for Pakistan's emerging fashion industry. Per capita income of top ranker Qatar is over 7 times to the world GDP per capita and 183 times of lowest ranked Burundi of Int. Most Recent Year. $10,000 at purchasing power parity basis. [1] Dozens of new manufacturing units are also being built near the Pakistan Steel Mill. Similarly, the US newspaper "USA Today" termed Karachi Stock Exchange as one of the best performing bourses in the world. Saudi Arabia gdp per capita for 2018 was $23,339, a 12.19% increase from 2017. Karachi contributes close to 98% to Sindh GDP, that's 49:1. Oman GDP per capita was at level of 18,198 US dollars in 2019, down from 19,093 US dollars previous year, this is a change of 4.68%. The manufacturing plant located in Bin Qasim has a production capacity of 150,000 vehicles per year. CSV XML EXCEL. In addition, another 400,000 people are employed in ancillary industries. They provide employment to about 300,000 fishermen directly. According to the Pakistan Federal Board of Revenue's 2006-2007 year-book, tax and customs units in Karachi were responsible for 70.75% of direct taxes, 33.65% of federal excise tax, and 23.38% of domestic sales tax. Gross Domestic Product (GDP) per capita, a measure of economic activity, also shows substantial differences between the EU Member States. DataBank. world.[6]. Karachi GDP Growth Rate. Karachi is the financial and industrial capital of Pakistan. They generate huge revenues for the city in advertising and provide jobs and entertainment. $50,000, 62 have above Int. [34], information and communications technology, "Federal Board of Revenue Year Book 2006-2007", "World Bank report: Karachi termed most business-friendly", "Urban world: Cities and the rise of the consuming class", "Provincial Accounts of Pakistan: Methodology and Estimates", "Sindh, Balochistan's share in GDP drops", "Karachi factsheet: Lloyd's City Risk Index", "CNN.com - Pakistan best 2002 market performer - Jan. 1, 2003", "Denmark and Pakistan: The Surprising Stock Markets That Outperformed in 2020", "North Karachi Association of Trade & Industry", "FBATI- Federal B Area Association of Trade & Industry", "Construction approved: Korangi Creek Industrial Park land up for grabs - The Express Tribune", "BQATI {Bin Qasim Association of Trade & Industry}", "Supreme Court accepts PSP's petition questioning Karachi's census", "CJP has voiced sentiments of Karachiites, says Mustafa Kamal", "Pakistan's sprawling Karachi 'broken' by monsoon floods", https://en.wikipedia.org/w/index.php?title=Economy_of_Karachi&oldid=997585716, Creative Commons Attribution-ShareAlike License, This page was last edited on 1 January 2021, at 07:20. 2019 Karachi GDP estimate of $168 billion. Retrieved from Wikimedia Commons. Work is being done to promote the development of higher value added textile products, most notably by Ayesha Tammy Haq, an attorney who also has a television talk show. Beyond centralizing powers, the city, formerly a district, was declared a division, towns abolished in favor of independent districts, the count standing at 7 as of September 2020. Graph and download economic data for Real gross domestic product per capita (A939RX0Q048SBEA) from Q1 1947 to Q3 2020 about per capita, real, GDP, and USA. That alone causes a spread of issues branching from flawed allocation of funds and representation in Parliament to housing, to mass transit, to environment and just about every facet of life in urban and suburbs. By September, 2020, the year of global crisis and recession, PSX-100 was leading the global markets in correction with a return at 38.5% making PSX the best performer in Asia and fourth-best performing stock market in the world.[15]. The Karachi Fish Harbour and Korangi Fish Harbour are two major fish harbours in Karachi. Ireland. As of Q1-2021, even 2017 census is not published due to controversies and litigation. It is featured well within the list of country subdivisions with a GDP over $100 billion. As per advance estimate for the financial year 2018-2019, the per capita net state domestic product or per capita income of Punjab is Rs. Gross domestic product (GDP), US dollars/capita, 2019. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. [2] Karachi also accounts for 75.14% of customs duty and 79% of sales tax on imports. [8][9][10][11] Karachi’s GDP was estimate in 2015 to be around 25% of the total GDP of Pakistan. Download historical data for 20 million indicators using your browser. An expo center has also been set up in Karachi, which hosts many regional and international exhibitions including the IDEAS Defence Exhibition. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. A substantial chunk of Sindh’s GDP, around 95% is attributed to Karachi[8][9] (the GDP of Sindh as a percentage of Pakistan’s total GDP has traditionally hovered around 25%/30%). Online tool for visualization and analysis. Suzuki Motor Company is also located in Karachi. Textiles, cement, steel, heavy machinery, chemicals, food, banking and insurance are the major industrial sectors contributing to Karachi's GDP. The GDP per Capita in Ireland is equivalent to 589 percent of the world’s average. The country’s GDP was estimated at 266 billion USD, representing a GDP per capita of 2,800 USD, the highest in history. Direct access to our calendar releases and historical data. Comparisons of national income are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. The city has also firmly established itself as the electronic media capital of the country; most of Pakistan's media television channels are headquartered here, including Abbtakk News, CNBC Pakistan, Dawn News, TV One, Indus Media Group, ARY Digital, BOL Network, AAJ TV, KTN NEWS, KTN, KASHISH TV and Geo TV. Rep. 1,110 189 Sierra Leone 500 189 Malawi 1,080 Ten Member States recorded a level of GDP per capita above the EU average in 2019. Fisheries play an important role in Karachi's economy. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. “Vietnam’s economic growth rate was among the most rapid in the world despite a global downturn. Datasets > World Economic Outlook (April 2019) > Gross Domestic Product (GDP) > GDP per capita, current prices. And for the third consecutive year was among top 10 markets in the world (Source). As of 2019 at current $, Luxembourg is the richest country of the world having GDP (nominal) per capita over one lakh USD that is close to 10 times to the world GDP per capita of $11,463 and over 400 times of lowest ranked South Sudan of US$275. save hide report. GDP. All of Pakistan's airlines use Karachi as their primary hub, including Pakistan International Airlines, Aero Asia International and Airblue. There are 24 economies which have per capita income above Int. The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. Saudi Arabia gdp per capita for 2019 was $23,140, a 0.85% decline from 2018. In 2019, the GDP per capita in … ... % of GDP 2019 New Zealand % of GDP: Exports % of GDP 2000-2019 New Zealand (red) Exports % of GDP 2019 New Zealand (red) Find all indicators on Economy. Tuvalu is the top country by GDP per capita growth in the world. It is also a major source of export earning. Karachi is the biggest fishery hub in Pakistan. Karachi is allegedly the worst affected by controversial population census '17 placing it at 14.91 million, whereas all estimates and reality checks point above 30 million. The recent trend of ICT (information and communications technology), electronic media and call centres has become a significant part of Karachi business hierarchy. Imf.org – International Monetary Fund (2019). GDP per capita in Malta averaged 14842.43 USD from 1970 until 2019, reaching an all time high of 28942.89 USD in 2019 and a record low of 3746.28 USD in 1970. $727. Karachi is the financial and industrial capital of Pakistan. Online tool for visualization and analysis. Avaliable . As a sign of the growing strength of the electronic media sector, GEO TV is planning to start an additional 10 channels and for this purpose is setting up a 50-acre (200,000 m2) studio in the city. There are many cottage industries in the city as well. 14 comments. Avaliable . It was declared the “Best Performing Stock Market of the World for the year 2002” with KSE-100 returning 112.2%.[14]. France gdp per capita for 2019 was $40,494, a 2.73% decline from 2018. 2000 - 2019 GDP per capita growth (annual %) ... GDP per capita, PPP (current international $) GDP per capita (current LCU) GDP per capita, PPP (constant 2017 international $) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. Close. However over the years, notable business and trade activity has appeared in other conurbations of the city, including the Shahrah-e-Faisal thoroughfare, MT Khan road, Mai Kolachi road and the Clifton and Defence areas of the city. Per 1 000 000 inhabitants 2019 Latvia (red) Find all indicators on Energy. Shanghai is one of … The city accounts about half of the total collections of the Federal Board of Revenue, out of which, approximately half are customs duty and sales tax on imports. Other industrial zones are located in Landhi, Korangi, FB Area, North Karachi and Port Qasim. CSV XML EXCEL. A PricewaterhouseCoopers study released in 2009, which surveyed the 2008 GDP of the top cities in the world, calculated Karachi’s GDP (PPP) to be $191 billion as of 2014[12] It confirmed Karachi’s status as Pakistan’s largest economy, well ahead of the next two biggest cities Lahore and Faisalabad, which had a reported GDP (PPP) in 2008 of $70 billion and $94 billion, respectively. This, along with presence of 6 cantonment boards covering allegedly at least 60% of city, introduced a divide in city's management and thence centralizing the co-ordination in hands of provincially administered bodies; [33] The damage of which was evident from chaos prevailing after August 2020 record rains and urban floods bringing commercial activity and peace to a halt, killing over a 100 and displacing thousands. It is considered to be a very important indicator of the economic strength of a country and a positive change is an indicator of economic growth. The courts have been moved on the matter of 5% census audit. The GDP per Capita in Malta is equivalent to 229 percent of the world's average. GDP per capita is gross domestic product divided by midyear population. Sindh's GDP with 83 billion is to a large extent influenced by the economy of Karachi, its capital and Pakistan's largest city. Country. 2019-12: USD Irlandia 79703 76663: 2019-12: USD Swiss 79407 ... PDB per kapita - Daftar Negara - Nilai saat ini, nilai sebelumnya, prakiraan, statistik dan grafik. The Sindh Industrial Trading Estate (SITE) in Manghopir is the biggest industrial area of Pakistan. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. GDP per capita in Ireland averaged $32,896.49 USD from 1970 until 2017, reaching an all-time high of $74,433.46 USD in 2017 and a record low of $12,430.71 USD in 1970. Karachi is the hub for Pakistan's banking and financial services sector and is home to Pakistan's Central Bank, the State Bank of Pakistan. France gdp per capita for 2018 was $41,631, a 7.26% increase from 2017. GDP per capita is gross domestic product divided by midyear … Among others, Millat Tractors, Daihatsu, HinoPak Buses and Trucks manufacturing plants are also located in Karachi. Selected Countries and Economies. DataBank. Annual percentage growth rate of GDP per capita based on constant local currency. GDP measures the value of total final output of goods and services produced by an economy within a certain period of time. [2] Therefore, Karachi collects a significant 53.38% of the total collections of the Federal Board of Revenue, out of which 53.33% are customs duty and sales tax on imports. 6.2 tonnes per capita. Saudi Arabia gdp per capita for 2016 was $19,879, a 3.63% decline from 2015. Education Latest Trend In line with its status as a major port and the country's largest metropolis, it accounts for most of Pakistan's revenue generation. France gdp per capita for 2016 was $37,037, a 1.09% increase from 2015. The per capita GDP contribution of Shanghai amounted to around 157,300 yuan in 2019, up from 135,000 yuan in the previous year. The following table shows the GDP of Punjab during the last few years: This thread is archived. 1990 - 2019 GDP per capita, PPP (constant 2017 international $) ... GDP per capita (current LCU) GDP per capita (current US$) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. Toyota is in the process of increasing production capacity to over 120,000 units per annum. [2] Karachi produces about 30 percent of value added in large-scale manufacturing,[3] 25% of the GDP,[4] the World Bank identified Karachi as the most business-friendly city in Pakistan. Karachi is also known as software outsourcing hub of Pakistan. [32] With about 1100km2 of city proper, the population density would stand beyond 30,000 per km2, thereby ranking it at least 6th most dense city proper. Pakistan November Wholesale Inflation Edges Down to 5%, Pakistan Inflation Rate Eases to 8.4% in November, Moody's Changes Pakistan Outlook to Stable, Gold Falls for 2nd Week on Stronger Dollar, US Stocks Extend Decline, Book Weekly Loss, Dominican Republic Inflation Rate Highest in 7 Years, Sri Lanka Producer Inflation at 6-Month Low, Peru Economic Activity Contracts Less than Expected. The Trading Economics Application Programming Interface (API) provides direct access to our data. [Photo by Zou Hong/chinadaily.com.cn] GDP per capita is often considered an indicator of a country's standard of living; however, this is problematic because GDP per capita is not a measure of personal income. Gross national income per capita 2019, Atlas method and PPP Purchasing Atlas power parity methodology (international Ranking Economy (US dollars) Ranking Economy dollars) 186 Congo, Dem. Rep. 520 187 Niger 1,250 186 Madagascar 520 188 Congo, Dem. The now-defunct Adam Motor Company was formerly located in the city. As of 2019, GDP per capita growth in Tuvalu was 8.5 %. Karachi is also home of major automobile manufacturing companies. The Gross Domestic Product per capita in Pakistan was last recorded at 1185.50 US dollars in 2019. 2019-12: USD Irlandia 79703 76663: 2019-12: USD Szwajcaria 79407 ... PKB per capita - Lista krajów - Aktualne wartości, poprzednie wartości, prognozy, statystyki i … The airport of Karachi, Jinnah International Airport (also known as Quaid-e-Azam International Airport) is the largest and busiest airport in Pakistan and handles 6 million passengers a year. Karachi has more than 3000 Software Companies and growing day by day which accounts to almost half of the whole countries IT Industry. Archived. 45 163 US$ per capita. Projected growth rate: % Debt. These include: Despite the growth and development of transport infrastructure elsewhere in the country, Karachi remains the country's transport hub. Selected Countries and Economies. China vs World by Nominal GDP per capita in 2019. 33 014 US$ per capita. In World Bank data, Monaco and Liechtenstein has better per capita gdp than Luxembourg. [5] In 2010, research by the global human resources company Mercer found Karachi to be the most inexpensive city in the The GDP per Capita in Pakistan is equivalent to 9 percent of the world's average. Fish are one of Karachi's main exports. The airport also receives the largest number of foreign airlines; a total of 27 airlines fly to Jinnah International, predominantly from the Middle East and South East Asia. Gyrostat (2016). Aggregates are based on constant U.S. dollars. 77 economies have per capita income greater than global average. According to Bloomberg, Pakistan ranked third in 2014. The Gross Domestic Product per capita in Malta was last recorded at 28942.89 US dollars in 2019. Sources/Entities: Eurostat | NSI, Eurostat | UN | NSI, PORDATA Last updated: 2020-11-26 Even Dr. Arif Alvi, President of Pakistan, has launched an initiative to help promote education, research and business opportunities in Artificial Intelligence, Blockchain, and Cloud-based computing which will educate IT technology to 10,000 students annually. Saudi Arabia gdp per capita for 2017 was $20,804, a 4.65% increase from 2016. Fish harbours in Karachi $ 41,631, a showcase for Pakistan 's and... In Pakistan was last recorded at 28942.89 US dollars in 2019 ( SITE ) in Manghopir is biggest... “ Vietnam ’ s economic growth rate was among top 10 markets in city. A 2.73 % decline from 2018 hosts many regional and international exhibitions including the IDEAS Exhibition! Nominal ) of $ 164 billion emerging Fashion Industry are 24 economies which have per capita in. 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