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Macro Economics - Assignment No. 1

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29 views

Macro Economics - Assignment No. 1

Uploaded by

Crescent Syndicate
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Assignment no.

1
Submitted to: “Miss Ameena Sibghatullah”

Macro Economics

1/24/2019

Muhammad Rauf Mughal.


9428
GDP in Pakistan Economy
Billions

Years

The gross domestic product (GDP) measures of national income and output for a given
country's economy. The gross domestic product (GDP) is equal to the total expenditures for
all final goods and services produced within the country in a stipulated period of time. The
Gross Domestic Product (GDP) in Pakistan was worth 304.95 billion US dollars in 2017. The
GDP value of Pakistan represents 0.49% of the world economy. GDP in Pakistan averaged
71.19 USD Billion from 1960 until 2017, reaching an all-time high of 304.95 USD Billion in
2017 and a record low of 3.71 USD Billion in 1960.

Unemployment in Pakistan Economy


Billions

Years
In Pakistan, the unemployment rate measures the number of people actively looking for a job
as a percentage of the labor force. Unemployment Rate in Pakistan remained unchanged at
5.90% in 2017 from 5.90% in 2016. Unemployment Rate in Pakistan averaged 5.49% from
1985 until 2017, reaching an all-time high of 7.80% in 2002 and a record low of 3.10% in
1987.

Inflation in Pakistan Economy


%

In Pakistan, most important categories in the consumer price index are food and non-

Years

alcoholic beverages (35% of total weight); housing, water, electricity, gas and fuels (29%);
clothing and footwear (8%) and transport (7%). The index also includes furnishings and
household equipment (4%), education (4%), communication (3%) and health (2%). The
remaining 8% is composed by: recreation and culture, restaurants and hotels, alcoholic
beverages and tobacco and other goods and services. Pakistan's annual inflation rate eased to
a three-month low of 6.17% in December 2018 from 6.50% in the previous month. Prices
rose at a slower pace for: food & non-alcoholic beverages (0.05% vs 1.02% in November);
housing, water, electricity, gas & fuels (9.08% vs 9.11%) and transport (18.21% vs 19.77%).
Meanwhile, prices increased faster for: clothing & footwear (7.73% vs 7.49%); education
(10.37% vs 10.01%) and furnishing & household equipment maintenance (8.35% vs 7.48%)
while inflation was steady for communication (at 7.83%). Core inflation, which excludes
volatile items such as food and energy, edged up to 8.4% from 8.3%. On a monthly basis,
consumer prices went down 0.41%, following a 0.11% gain in November. Inflation Rate in
Pakistan averaged 7.75% from 1957 until 2018, reaching an all-time high of 37.81% in
December of 1973 and a record low of -10.32% in February of 1959.
Productivity in Pakistan Economy
Water is basic need of any country. Pakistan has not been comparatively good in water

Years

production due to several reasons such as lack of knowledge to utilize resources, lack of dams
for storage, etc. but still, the nation’s thriving on what it has got so far. Water productivity is
calculated as GDP in constant prices divided by annual total water withdrawal. Water
productivity; total (constant 2000 US$ GDP per cubic meter of total freshwater withdrawal)
in Pakistan was reported at 1.1236 in 2014, according to the World Bank collection of
development indicators, compiled from officially recognized sources.

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