Pakistan’s economy grew by 5.8% in 2018, the highest in 13 years. Last year, the GDP growth was recorded at 5.4%, according to the State Bank of Pakistan (SBP) annual report released yesterday. Graphic, above.
Contrary to popular opinion at that time, this blog was the first to post Harvard’s 6% GDP growth prediction for Pakistan in Express Tribune.
One key highlight was that large-scale manufacturing picked up, and CPEC-related projects stimulated economic activities inducing firms to enhance their production capacities.
The inflation stayed at 3.9% (below).
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Pakistan’s gross public debt was 72.5% of GDP. Pakistan’s total debt and liabilities in 2018 stood at 30 trillion rupees.
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