Pakistan's per capita income hits record $1,824 in FY25

May 21, 2025 (MLN): Pakistan’s per capita income has surged by 9.75% to a record high of $1,824 in FY25, up from $1,662 in the previous year, according to provisional estimates released by the Pakistan National Accounts Committee.

In rupee terms, per capita income rose by 8.27% YoY to Rs509,174 in FY25, compared to Rs470,258 in FY24.

This development coincided with a major economic milestone wherein Pakistan has officially entered the ranks of the world’s 40 largest economies, as its gross domestic product (GDP) reached an all-time high of $410.96 billion in FY25, indicating a 2.68%YoY growth from last year’s $371.66bn.

According to the National Accounts Committee (NAC), which reviewed and approved revised and provisional GDP figures, this growth was supported by robust services (3.99%) and moderate agricultural expansion (1.18%), despite continued industrial contraction (-1.14%) in Q3.

The committee also revised Q1 and Q2 growth to 1.37% and 1.53% respectively, based on updated data in all three sectors.

Notably, agriculture growth in Q1 improved due to stronger performance in other crops and forestry, while Q2 agriculture was downgraded due to a deeper decline in important crops despite gains elsewhere.

Industrial contraction deepened in both quarters, primarily from electricity, gas, and water supply.

Meanwhile, services saw minor upward revisions in both quarters, supported by trade, transport, and public sector improvements. Q3 services showed solid gains across all sub-sectors, including strong growth in IT, finance, and public administration.

The NAC also finalized FY23 GDP at -0.21% and revised FY24 growth to 2.51%, with per capita income rising to Rs509,174 ($1,824). The overall economy now stands at Rs114.7 trillion.

This growth represented the country's resilience amid global and regional challenges such as geopolitical tensions and structural fiscal constraints.

The last time Pakistan’s GDP approached this magnitude was in FY18, when it stood at $357bn. Since then, the economy faced significant volatility driven by exchange rate pressures and political uncertainty. 

However, the current rebound signals a moderate recovery, aided by ongoing reform efforts.

Copyright Mettis Link News