May 26, 2023 (MLN): The total volume of Pakistan's economy has decreased by $33.4 billion or 8.91%, from $375bn in FY23 to $341.6bn in FY22, according to the data released by the Pakistan Bureau of Statistics (PBS).
Meanwhile, per capita income stood at $1,568 in 2023 as compared to $1,766 in the previous year depicting a decrease of 11.38% YoY, PBS data further revealed.
The current fiscal year marks a decrease of $198 per capita income for Pakistan.
This was the third lowest per capita income in a decade, with the lowest in the decade being $1458 achieved in FY20 due to covid, whereas the highest achieved was $1768 in FY18
On the other hand. in the fiscal year 2021, the per capita income achieved was $1,677.
Health sector improved to 8.49% against the target of 3.8%.
The education sector also improved by 10.44% against the target of 4.9%.
While the performance of the Information and Communication sector exceeded the target of 6% with a growth rate of 6.9%, as stated in the report.
The total volume of the country's economy has decreased by $33.4 billion, according to the data released by the Pakistan Bureau of Statistics (PBS)...
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