Visually provides on-demand access to the world's top designers and copywriters.Learn More About Visually Infographics
Pakistan - Supply-Side contributions to growth, Demand-side contributions to growth
Economic performance during the first half of FY2012 (ended June 2012) was driven by a rebound from the devastating floods a year earlier that was partly offset by record power outages from load shedd... ing in the second half. Growth strengthened to 3.7% but again remained well below the 7% pace needed to absorb new workforce entrants (Figure 3.20.1). Agriculture recovered to grow by 3.1%, as better weather favored the production of major crops, though minor crops in parts of the country were hurt by floods. Industry expanded by 3.4%, mainly from post-flood reconstruction. The impact of the higher load shedding was apparent as large-scale manufacturing reversed early gains, tapering off to 1.2% expansion for the year, even lower than the flood-induced slowdown to 1.8% in FY2011. Output of intermediate goods declined for the third year in a row as Pakistan’s steel, petroleum refining, and fertilizer industries continue to operate well below capacity. The large service sector, growing by 4.0%, continued to account for most GDP expansion. Private consumption expenditure expanded by 11.6% in FY2012 to provide nearly all GDP growth (Figure 3.20.2). As in past years, it benefited from rising remittances and government salary increases. Fixed investment fell for the fourth year in a row, to 10.9% of GDP, the lowest share since 1974 and the lowest among major Asian countries (Figure 3.20.3). This downdraft is being driven by prevailing security issues, worsening power shortages, and growing concern over the general direction and outlook for the economy. http://www.finance.gov.pk/survey_1112.html
Rank: 3204 of 4888 in Economy
Designed ByUnknown Did you work on this visual? Claim credit!
Switch to Wordpress Code