In 2018, the estimated average inflation rate in Pakistan amounted to about 3.93 percent compared to the previous year, a slight drop from 2017, but an ever sharper one compared to four years earlier. Over the next few years, forecasts estimate it to level off at around 6.5 percent.
Like many others, Pakistan’s economy suffered during the 2009 financial crisis, and while it has recovered today, inflation was still over 10 percent in 2012. GDP slumped during that time as well, but now, ten years later, it has almost tripled and seems to be on an upward trend. Although its GDP generation now mainly relies on services, Pakistan still exports agricultural goods like cotton. However, the country still struggles with an increasing trade deficit and thus rising national debt – two factors that could hinder economic growth in the future.
Pakistan: Inflation rate from 1987 to 2029
(compared to the previous year)
Characteristic
Inflation rate compared to previous year
2029*
6.5%
2028*
6.5%
2027*
6.5%
2026*
7.84%
2025*
9.48%
2024
23.41%
2023
29.18%
2022
12.15%
2021
8.9%
2020
10.74%
2019
6.74%
2018
3.93%
2017
4.15%
2016
2.86%
2015
4.53%
2014
8.62%
2013
7.36%
2012
11%
2011
13.66%
2010
10.1%
2009
19.57%
2008
12%
2007
7.77%
2006
7.92%
2005
9.28%
2004
4.57%
2003
3.1%
2002
3.54%
2001
4.41%
2000
3.59%
1999
5.74%
1998
6.84%
1997
12.83%
1996
10.78%
1995
13.03%
1994
11.27%
1993
9.83%
1992
4.85%
1991
12.63%
1990
9.05%
1989
7.88%
1988
8.84%
1987
4.69%
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IMF. (October 22, 2024). Pakistan: Inflation rate from 1987 to 2029 (compared to the previous year) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/383760/inflation-rate-in-pakistan/
IMF. "Pakistan: Inflation rate from 1987 to 2029 (compared to the previous year)." Chart. October 22, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/383760/inflation-rate-in-pakistan/
IMF. (2024). Pakistan: Inflation rate from 1987 to 2029 (compared to the previous year). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/383760/inflation-rate-in-pakistan/
IMF. "Pakistan: Inflation Rate from 1987 to 2029 (Compared to The Previous Year)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/383760/inflation-rate-in-pakistan/
IMF, Pakistan: Inflation rate from 1987 to 2029 (compared to the previous year) Statista, https://www.statista.com/statistics/383760/inflation-rate-in-pakistan/ (last visited December 22, 2024)
Pakistan: Inflation rate from 1987 to 2029 (compared to the previous year) [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/383760/inflation-rate-in-pakistan/