ASSIGNMENT

ECONOMIC FACTORS OF PAKISTAN IN 2022

Submitted by Muneeba Shahid

CLASS BS Statistics
SEMESTER 3rd (Morning)
Submitted to Madam Ujaala
DEPARTMENT Mathematics and Statistics
COURSE CODE ARE-403
COURSE TITLE Economy of Pakistan
DATE 28-11-2023
UNIVERSITY OF AGRICULTURE
FAISALABAD
 ECONOMIC FACTORS OF PAKISTAN IN 2022
Introduction
Economic factors refer to fundamental data about an
economy or market that influences business performance. Such factors
are often taken into consideration when estimating how a business is
likely to perform. Investors also rely on economic factors to ascertain a
company or an investment value.

Economic factors are external factors that influence the business

environment as well as investment value. Likewise, understanding such
factors is crucial if an investor is to make informed decision on how an
investment is likely to perform.

Likewise, managers analyze various economic factors to try to predict

businesses’ long-term prospects. The analysis seeks to ascertain how such
factors might affect the business environment as well as the overall
market.

Some of the major economic factors of Pakistan are given below

Inflation

Inflation is the rate of increase in prices over a given period of

time. Inflation is typically a broad measure, such as the overall increase in
prices or the increase in the cost of living in a country.

One of the primary drivers of inflation in Pakistan is excessive

demand for goods and services compared to their supply. This can result
from factors such as increased government spending, rising consumer
 demand, or expansionary monetary policies that lead to more
money in circulation.

This can be done by controlling interest rates, reducing the circulation of

currency, and adjusting the reserve requirements for banks. By limiting
the availability of money, the government can prevent excessive spending
and decrease demand for goods and services, leading to a decrease in
prices.

Gross Domestic Product

Nominal (current) Gross Domestic Product (GDP) of

Pakistan is $376,533,000,000 (USD) as of 2022. Real GDP (constant,
 inflation adjusted) of Pakistan reached $298,165,000,000 in 2022. GDP
Growth Rate in 2022 was 6.19%, representing a change of
21,105,000,000 US$ over 2021, when Real GDP was
$341,055,000,000.6.0%
Real GDP in Pakistan is estimated to be $353 Billion US dollars at the
end of 2022. The economy of Pakistan has grown at an average annual
growth rate of 3.4% in the last four years and is ranked the 10th largest
economy in Asia-Pacific, ahead of Thailand

Fig : Pakistan GDP Comerison

Curruncy Exchange
This is the US Dollar (USD) to Pakistani Rupee (PKR)
exchange rate history data page for the year of 2022, covering 365 days
of USD PKR historical data. Best exchange rate: 240.7709 PKR on 24
Sep 2022. Average exchange rate in 2022: 204.5654 PKR. Worst
exchange rate: 174.3366 PKR on 08 Feb 2022.In 2022, exchange rate for
 Pakistan was 204.9 LCU per US dollars. Exchange rate of Pakistan
increased from 10 LCU per US dollars in 1973 to 204.9 LCU per US
dollars in 2022 growing at an average annual rate of 6.58%. The
description is composed by our digital data assistant.Average exchange
rate of Malaysian ringgit to U.S. dollars 2014-2022. Based on the
exchange rate as of June 2022, the average exchange rate of Malaysian
ringgit to U.S. dollar in 2022 was at 4.4, or that 1 U.S. dollar is equal to
4.4 Malaysian ringgit.
Unemployment Rates
Factors such as rapid population growth, a lack of quality
education, economic instability, and insufficient job
opportunities contribute to the high unemployment rate. The
consequences of unemployment include economic poverty, social unrest,
increased crime rates, and a decline in overall growth. Unemployment in
Pakistan is a complex issue with far-reaching implications. Addressing
this challenge requires a multi-pronged approach,
encompassing education, skill development, entrepreneurship, industrial
diversification, infrastructure development, agricultural modernization,
and proactive government policies

Unemployment Rate: Pakistan

Demographic Indicators: Pakistan 2019 2022

Unemployment Rate (%) 6.9 6.2

Population Annual Growth Rate (%) 2.04 1.90

Total Population (Millions) 216,565,317.0 229,488,996.0

 Fig:Pakistan unemployment rates
Foreign Exchange reserve
The total reserves in Pakistan declined to 9.93 billion U.S. dollars in
2022. Pakistan witnessed a massive drop of 65 percent in its foreign
exchange reserves to $5.8 billion during the outgoing year 2022,
according to official data and experts, which exposed the South Asian
country to a risk of default on its international financial
obligations.Pakistan's foreign reserves have reached over $13
billion after a crucial financial assistance deal with the International
Monetary Fund (IMF) late last month, the country's finance minister
said.

Fig : Foreign Exchange reserve