Pakistan’s service trade is growing

Pakistan's service trade is growing

GDP per capita in 2015, Pakistan’s gross domestic product (GDP) 269.971 billion US dollars; 2013-2015, the average annual per capita GDP of 1341 US dollars per capita annual trade volume of 206 US dollars, trade and GDP ratio of 15.3% , 2012 – 2014, the current account deficit and GDP ratio of 1.5% per year.

From the global ranking, in 2015, Pakistan cargo into and out of the global 52 and 66, excluding intra-EU trade is divided into 34 and 45; trade in services into and out of the global 68 and 87, excluding EU internal trade is divided into 48 and 60.

In 2015, Pakistan’s trade in services and imports were $ 7.378 billion and $ 3.277 billion, down 5% and 7% respectively, accounting for 0.16% and 0.07% of global trade in services.

Among them, the main import services were traffic, other business services, travel and cargo related services, accounting for 47.2%, 34.1%, 17.2% and 1.5% respectively; the main export services were followed by other business services, transportation, travel and cargo related Service, accounting for 58.3%, 32.2%, 9.4% and 0.1%.

In terms of trade in services, imports and exports were $ 348 billion and $ 1.054 billion respectively, down 13% and 21% respectively year on year, and 1% and 6% respectively in 2010-2015. Imports from imports, shipping, air transport and other transport services were $ 274 million, $ 1.064 billion and $ 4 million, respectively, accounting for 20.4%, 79.3% and 0.3% respectively. 2014), exports of shipping, air and other transport services were $ 2.65 billion, $ 1.136 billion and $ 37 million, accounting for 65.9%, 32.9% and 0.9% respectively.

Tourism services trade, import and export were 1.27 billion US dollars and 3.09 billion US dollars, respectively, year on year growth of 4% and 9%; 2012-2015 average annual growth of 7% and 0%.

In terms of cargo-related services, the import and export volume was $ 114 million and $ 4 million respectively, up 37% and 56% respectively year on year; 9% and 6% respectively in 2010-2015.

Other services trade, import and export volume of 2.515 billion US dollars and 1.91 billion US dollars, respectively, year on year growth of 2%; 2010-2015 average annual growth of 7% and 10%.

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