Islamabad, June 9, 2025 – According to the Economic Survey of Pakistan 2024–25 released on Monday, the country’s per capita income has climbed to $1,824, marking a significant improvement from $1,662 in the previous fiscal year.
This 9.7% increase in per capita income reflects a recovery in economic activity and the benefits of a relatively stable exchange rate. The improvement also signals an upward shift in individual income levels, highlighting the early outcomes of ongoing macroeconomic stabilization efforts.
The country’s real GDP grew by 2.68% during FY2025, underpinned by broad-based gains across fiscal, monetary, and external sectors. The report attributes this recovery to sustained efforts at restoring economic fundamentals, leading to greater confidence among investors and consumers alike.
Inflation also saw a dramatic decline, falling to just 0.3% in April 2025, down sharply from 17.3% a year earlier. The average CPI inflation for July–April was recorded at 4.7%, a marked improvement compared to 26.0% during the same period in FY2024, boosting real income growth and household purchasing power.
In nominal terms, GDP at current market prices rose to Rs 114,692 billion, showing a 9.1% increase from last year. This expansion in national output has contributed directly to the rise in per capita income, enhancing overall economic well-being.
The investment-to-GDP ratio improved slightly to 13.8%, up from 13.1% in FY2024, as both public and private sector capital formation picked up pace. Meanwhile, the saving-to-GDP ratio increased to 14.1%, reflecting improved domestic resource mobilization and growing confidence in the economy.
Sector-wise, agriculture experienced modest growth of 0.56%, mainly due to a decline in major crop output. In contrast, the industrial sector recorded a solid 4.77% growth, thanks to a rebound in manufacturing, particularly in small-scale production. The services sector, maintaining its role as the backbone of the economy, expanded by 2.91% and contributed 58.4% to GDP.
With rising income levels, stable inflation, and recovering growth, Pakistan’s per capita income trends indicate a cautiously optimistic trajectory for economic progress and living standards going forward.