The Economy of Pakistan
The economy of Pakistan is the 47th-largest
worldwide in terms of nominal gross domestic
product, with $347 billion and a nominal GDP per
capita of $1,255, which stands at 181st worldwide.
Pakistan's Human Development Index is one of the
lowest in Asia, after Yemen and Afghanistan. Wealth
distribution in Pakistan is slightly varied, with the top
10% of the population earning 28.4% and the bottom
50% earning only 11.6% of the income.
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Pakistan's economy, like an airplane, has crashed 13 times in the last 60 years, each time requiring an International Monetary Fund bailout. It wasn't always so. During the 1970s, Pakistan's GDP per capita was richer than India, China, and Bangladesh, but in 1979, china took over Pakistan. Today Pakistan is the poorest. Its most recent gross domestic product growth estimate was only 3.9 percent, barely sufficient to keep pace with population growth, and Pakistan's federal government is nearly bankrupt.
So, how did Pakistan's economy end up here?
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