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Pakistan, an impoverished and underdeveloped country, has suffered from decades of internal political disputes and low levels of foreign investment. Between 2001-07, however, poverty levels decreased by 10%, as Islamabad steadily raised development spending. Between 2004-07, GDP growth in the 5-8% range was spurred by gains in the industrial and service sectors - despite severe electricity shortfalls - but growth slowed in 2008-09 and unemployment rose. Inflation remains the top concern among the public, jumping from 7.7% in 2007 to 20.8% in 2008, and 14.2% in 2009.
Economy of Pakistan
Currency Pakistani Rupee
Fiscal Year 01 July - 30 June
GDP (PPP) $449.3 billion (2009 est.)
GDP (per capita) $2,600 (2009 est.)
Exports $17.87 billion (2009 est.)
Imports $28.31 billion (2009 est.)
Main Industries Textiles and Apparel, Food Processing, Pharmaceuticals, Construction Materials, Paper Products, Fertilizer, Shrimp
Exports - Commodities Textiles (Garments, Bed Linen, Cotton Cloth, Yarn), Rice, Leather Goods, Sports Goods, Chemicals, Manufactures, Carpets and Rugs
Imports - Commodities Petroleum, Petroleum Products, Machinery, Plastics, Transportation Equipment, Edible Oils, Paper and Paperboard, Iron and Steel, Tea
Exports Partners US 16.1%, UAE 11.7%, Afghanistan 8.6%, UK 4.5%, China 4.2% (2008)
Imports Partners China 14.3%, Saudi Arabia 12.2%, UAE 11.3%, Kuwait 5.5%, US 4.8%, Malaysia 4.1% (2008)