Pakistan as a Developing

Country

Submitted by:

Poverty

DefinitionA state or condition in which a

person or community lacks the financial resources and essentials to enjoy a minimum standard of life. Poverty in Pakistan has fallen

dramatically independent bodies supported estimates of a considerable fall in the statistic by the 2007-08 fiscal year, when it was estimated that 17.2% of the total population lived below the poverty line.

If $2 is considered to be the minimum daily wage, then more than half of the country lives below the poverty line, Finance Minister Ishaq Dar said as he unveiled the Pakistan Economic Survey for 2013-14.

Unemployment

Definition Unemployment occurs when a person who is actively searching for employment is unable to find work.

Unemployment Rate in Pakistan decreased to 6 percent in the second quarter of 2013 from 6.30 percent in the first quarter of 2013. Unemployment Rate in Pakistan averaged 5.43 percent from 1985 until 2013, reaching an all time high of 7.80 percent in the second quarter of 2002 and a record low of 3.10 percent in the fourth quarter of 1987.

Low per Capita Income

Definition

Per capita income, also known as income per person, is the average income of the people in an economic unit such as a country or city. It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by

the total population. The Gross Domestic Product per capita in

Pakistan was last recorded at 806.38 US dollars in 2013. The GDP per Capita in Pakistan is equivalent to 6 percent of the world's average. GDP per capita in Pakistan averaged 484.28 USD from 1960 until 2013.

Agriculture

DefinitionThe science, art, or practice of

cultivating the soil, producing crops, and raising livestock and in varying degrees the preparation and marketing of the resulting products.

Pakistan's principal natural resources are land and water. In Pakistan, the most agricultural province is Punjab where wheat and cotton are the most grown. Mango orchards are mostly found in Sindh and Punjab provinces that make Pakistan the world's 4th largest producer of mangoes.

The most important crops are wheat, sugarcane, cotton, and rice, which together account for more than 75% of the value of total crop output.

Pakistan's largest food crop is wheat. In 2005, Pakistan produced 21,591,400 metric tons of wheat, more than all of Africa (20,304,585 metric tons) and nearly as much as all of South America (24,557,784 metric tons).

Exports

DefinitionA function of international trade whereby

goods produced in one country are shipped to another country for future sale or trade. Exports in Pakistan decreased to 207806 PKR

Million in January of 2015 from 217338 PKR Million in December of 2014. Exports in Pakistan averaged 33895.02 PKR Million from 1957 until 2015, reaching an all time high of 275483 PKR Million in September of 2013 and a record low of 51 PKR Million in April of 1958.

Population Growth

DefinitionThe average annual percent

change in the population, resulting from a surplus (or deficit) of births over deaths and the balance of migrants entering and leaving a country. Population growth (annual %) in

Pakistan was last measured at 1.80 in 2011, according to the World Bank.

Human Developing IndexDefinition

The Human Development Index (HDI) is a statistical tool used to measure a country's overall achievement in its social and economic dimensions.

Pakistan’s HDI value for 2012 is 0.515—in the low human development category—positioning the country at 146 out of 196 countries and territories. Between 1980 and 2012, Pakistan’s HDI value increased from 0.337 to 0.515, an increase of 53 percent or average annual increase of about 1.3 percent.