Islamabad, June 9, 2025 – The Economic Survey of Pakistan 2024-25 has reported a modest yet significant GDP growth of 2.68%, marking a period of gradual economic recovery and stabilization across key macroeconomic indicators.
According to the Economic Survey 2024-25, all major sectors of the economy — real, fiscal, financial, and external — showed resilience and consistent improvement throughout FY 2025. This steady growth in gross domestic product reflects progress in managing structural challenges and enhancing economic performance across the board.
The services sector, which accounts for 58.4% of GDP, remained the principal driver of growth, expanding by 2.91%. In contrast, the agriculture sector grew by a modest 0.56%, hampered by a decline in major crop outputs. Despite ongoing challenges in large-scale manufacturing, the industrial sector posted a positive trajectory due to gains in small-scale manufacturing and slaughtering activities.
At current market prices, the GDP stood at Rs 114,692 billion (US$ 411 billion), registering a 9.1% increase from last year’s Rs 105,143 billion (US$ 372 billion). Importantly, the Economic Survey noted that price stability had been achieved, with the GDP deflator rising by only 4.0% — the lowest level since FY 2018. This helped support exchange rate stability and created a more predictable economic environment.
Per capita income rose to US$ 1,824 from US$ 1,662 last year, supported by improved economic conditions and a stable inflation outlook. The investment-to-GDP ratio also increased to 13.8% in FY 2025 from 13.1% in the previous year, backed by stronger capital formation in both public and private sectors.
Gross Fixed Capital Formation (GFCF) reached Rs 13,814.7 billion, up by 15.0% from FY 2024. Private investment expanded by 9.9%, while public investment surged by 34.2%, driven by increased government development spending. Furthermore, national saving rose to 14.1% of GDP, reflecting improved domestic resource mobilization and contributing to the broader economic recovery outlined in the Economic Survey 2024-25.