The manufacturing plant located in Bin Qasim has a production capacity of 150,000 vehicles per year. Fish are one of Karachi's main exports. Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. France gdp per capita for 2017 was $38,812, a 4.79% increase from 2016. The courts have been moved on the matter of 5% census audit. In line with its status as a major port and the country's largest metropolis, it accounts for most of Pakistan's revenue generation. 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. It was declared the “Best Performing Stock Market of the World for the year 2002” with KSE-100 returning 112.2%.[14]. In 2019, the GDP per capita in … Karachi has more than 3000 Software Companies and growing day by day which accounts to almost half of the whole countries IT Industry. GDP per capita is gross domestic product divided by midyear population. [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. Textiles, cement, steel, heavy machinery, chemicals, food, banking and insurance are the major industrial sectors contributing to Karachi's GDP. $50,000, 62 have above Int. 45 163 US$ per capita. world.[6]. New comments … Avaliable . It is featured well within the list of country subdivisions with a GDP over $100 billion. Karachi is the financial and industrial capital of Pakistan. Pakistan Stock Exchange, formerly Karachi Stock Exchange is Pakistan's largest and oldest stock exchange with at least 540 companies listed during 2020. 40. Ten Member States recorded a level of GDP per capita above the EU average in 2019. [1] Dozens of new manufacturing units are also being built near the Pakistan Steel Mill. In addition, another 400,000 people are employed in ancillary industries. DataBank. [2] Karachi's contribution to national revenue is around 55%. 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. Archived. Avaliable . 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. 6.2 tonnes per capita. Saudi Arabia gdp per capita for 2016 was $19,879, a 3.63% decline from 2015. Download historical data for 20 million indicators using your browser. International magazine "Business Week" declared KSE as one of the Best Performing Markets of the world. 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. 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. 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. Similarly, the US newspaper "USA Today" termed Karachi Stock Exchange as one of the best performing bourses in the world. These include: Despite the growth and development of transport infrastructure elsewhere in the country, Karachi remains the country's transport hub. 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. As of 2019[update], Karachi had an estimated GDP (nominal) of $164 billion. GDP per capita in Pakistan averaged 711.18 USD from 1960 until 2019, reaching an all time high of 1197.90 USD in 2018 and a record low of 302.10 USD in 1960. [8][9][10][11] Karachi’s GDP was estimate in 2015 to be around 25% of the total GDP of Pakistan. Retrieved from Wikimedia Commons. 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. Shanghai is one of … The Gross Domestic Product per capita in Pakistan was last recorded at 1185.50 US dollars in 2019. China vs World by Nominal GDP per capita in 2019. France gdp per capita for 2018 was $41,631, a 7.26% increase from 2017. The GDP per Capita in Malta is equivalent to 229 percent of the world's average. 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. save hide report. 77 economies have per capita income greater than global average. Gross domestic product (GDP), US dollars/capita, 2019. 1960-2019 Data | 2020-2021 Forecast | Historical | Chart. They provide employment to about 300,000 fishermen directly. An expo center has also been set up in Karachi, which hosts many regional and international exhibitions including the IDEAS Defence Exhibition. The Trading Economics Application Programming Interface (API) provides direct access to our data. Direct access to our calendar releases and historical data. 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. All of Pakistan's airlines use Karachi as their primary hub, including Pakistan International Airlines, Aero Asia International and Airblue. Gross Domestic Product (GDP) per capita, a measure of economic activity, also shows substantial differences between the EU Member States. Selected Countries and Economies. The now-defunct Adam Motor Company was formerly located in the city. Environment Latest Trend 2019 Karachi GDP estimate of $168 billion. Sources/Entities: Eurostat | NSI, Eurostat | UN | NSI, PORDATA Last updated: 2020-11-26 Country. 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. 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. Aggregates are based on constant U.S. dollars. Saudi Arabia gdp per capita for 2019 was $23,140, a 0.85% decline from 2018. Ireland. 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. [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. [1] 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. $10,000 at purchasing power parity basis. The recent trend of ICT (information and communications technology), electronic media and call centres has become a significant part of Karachi business hierarchy. [13] (projected to be $193 billion in 2025 at a growth rate of 5.5%). [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. 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. Gyrostat (2016). China vs World by Nominal GDP per capita in 2019. So for every Sindh resident outside Karachi contributing $1 there's a resident in Karachi contributing $29.4. Nearly all banks that operate in Pakistan have their corporate headquarters in the city. In 2019, GDP per capita expressed in PPS ranged between 53% of the EU average in Bulgaria and 260% in Luxembourg. Karachi contributes close to 98% to Sindh GDP, that's 49:1. Datasets > World Economic Outlook (April 2019) > Gross Domestic Product (GDP) > GDP per capita, current prices. France gdp per capita for 2016 was $37,037, a 1.09% increase from 2015. 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%. 1,53,061 (1.53 lakh) and it was 1,41,552 for the year 2017-2018. Imf.org – International Monetary Fund (2019). As of 2019, Karachi had an estimated GDP (nominal) of $64 billion. Karachi is also known as software outsourcing hub of Pakistan. She set up Pakistan Fashion Week, a showcase for Pakistan's emerging fashion industry. [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. “Vietnam’s economic growth rate was among the most rapid in the world despite a global downturn. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. In World Bank data, Monaco and Liechtenstein has better per capita gdp than Luxembourg. Posted by 1 year ago. Online tool for visualization and analysis. 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. Farm businesses line the SuperHighway route. 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. Per 1 000 000 inhabitants 2019 Latvia (red) Find all indicators on Energy. As of 2019, GDP per capita growth in Tuvalu was 8.5 %. $25,000 and 111 has above Int. Most Recent Year. Fisheries play an important role in Karachi's economy. share. Close. Among others, Millat Tractors, Daihatsu, HinoPak Buses and Trucks manufacturing plants are also located in Karachi. GDP measures the value of total final output of goods and services produced by an economy within a certain period of time. This thread is archived. Shenzhen in Guangdong province ranked first among the cities with the strongest per capita GDP in 2019, hitting $29,498, followed by southeastern cities Wuxi and Jiangsu province, seeing per capita GDP of $26,100 and $25,900, respectively. No 7 Beijing Per capita GDP: $23,808. And for the third consecutive year was among top 10 markets in the world (Source). The country’s GDP was estimated at 266 billion USD, representing a GDP per capita of 2,800 USD, the highest in history. CSV XML EXCEL. DataBank. 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. 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. It has a rapidly flourishing 'Free Zone' with an annual growth rate of nearly 6.5 percent. Karachi is the financial and industrial capital of Pakistan. Sindh's GDP with 83 billion is to a large extent influenced by the economy of Karachi, its capital and Pakistan's largest city. GDP. ... % 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. 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. 520 187 Niger 1,250 186 Madagascar 520 188 Congo, Dem. 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. There are 24 economies which have per capita income above Int. Suzuki Motor Company is also located in Karachi. There are many cottage industries in the city as well. According to Bloomberg, Pakistan ranked third in 2014. 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. 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. Nominal GDP per capita in Pakistan is equivalent to 589 percent of Best! `` USA Today '' termed Karachi Stock Exchange as one of the EU average in Bulgaria and %! 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