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The GDP growth rate in the context of the World Development Indicators (WDI) refers to the annual percentage increase or decrease in a country's Gross Domestic Product (GDP), adjusted for inflation. The WDI is a comprehensive database maintained by the World Bank that tracks various economic, social, and environmental development indicators across the globe.
Key Takeaways
Pakistan GDP Growth (1961-2023)
Pakistan's GDP growth trajectory reflects both high-growth periods and economic challenges. The 1960s were strong, with growth exceeding 10% in 1965 and 1970. The economy struggled in the 1990s due to political instability. Despite resilience in the 2000s, growth slowed, and the pandemic caused a contraction of -1.3% in 2020. By 2023, growth stagnated at 0%, reflecting external debt pressures and political instability.
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