What is the rate of labour force in Pakistan?

What is the rate of labour force in Pakistan?

The labour force increased from 65.5 million in 2017-18 to 71.76 million in 2020-21 and the number of employed persons increased from 61.71 million to 67.25 million during the same period. The unemployment rate slightly decreased from 6.9 percent in 2018- 19 to 6.3 percent in 2020-21.

In which sector the largest labour force is attached in Pakistan?

According to data produced by the CIA World Factbook, the total number of Pakistan’s labour force is 57.2 million, making it the ninth largest country by available human workforce. About 43% of this labour is involved in agriculture, 20.3% in industry and the remaining 36.6% in other services.

What is the ratio of unemployment in Pakistan 2022?

Unemployment Rate in Pakistan is expected to reach 12.00 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations.

How many people are employed in Pakistan?

In 2017-18 total civilian labour force was 65.50 million consisting of 50.74 million males and 14.76 million females. Out of this 61.71 million (94.21 percent) are employed persons and remaining 3.79 million (5.79 percent) are unemployed persons, as shown in Table 12.4 below.

What is the minimum wage in Pakistan 2022?

PKR 25,000 rupees per month

Minimum Wage Updated in Punjab, Pakistan from 01 July 2022 – June 24, 2022. The province of Punjab has revised the minimum wage from PKR 20,000 to PKR 25,000 rupees per month for unskilled work.

What was the labor force participation rate in 2021?

61.7 percent
This graph shows the civilian labor force participation rate in the United States from 1990 to 2021. In 2021, about 61.7 percent of the American population, eligible to work, participated in the job market.

Which sector is the largest contributor to GDP of Pakistan?

services sector
Distribution of gross domestic product (GDP) across economic sectors Pakistan 2021. In 2021, agriculture contributed around 22.96 percent to the GDP of Pakistan, 18.7 percent came from the industry, and over half of the economy’s contribution to GDP came from the services sector.

What is the largest sector of Pakistan economy?

Agriculture
Agriculture is still the largest sector of the economy of Pakistan in terms of labour participation and as such livelihood of the majority of the population directly or indirectly depends on it.

What is the poverty rate of Pakistan 2022?

Using the lower-middle-income poverty rate, the WB estimated that the poverty ratio in Pakistan stood at 39.3 per cent in 2020-21 and is projected to remain at 39.2 per cent in 2021-22 and might come down to 37.9 per cent by 2022-23, reported The News International.

Which country has the highest unemployment rate 2022?

Here are the 10 countries with the highest rates of unemployment:

• South Africa – 29.20%
• Djibouti – 26.10%
• Equatorial Guinea – 25.00%
• Botswana – 24.90%
• Grenada – 22.90%
• Eswatini – 22.70%
• Lesotho – 22.40%
• Gabon – 20.40%

How many are unemployed in Pakistan?

What is the ratio of unemployment in Pakistan 2021?

4.35%
Pakistan unemployment rate for 2021 was 4.35%, a 0.05% increase from 2020. Pakistan unemployment rate for 2020 was 4.30%, a 0.76% increase from 2019. Pakistan unemployment rate for 2019 was 3.54%, a 0.54% decline from 2018. Pakistan unemployment rate for 2018 was 4.08%, a 0.16% increase from 2017.

What is Eobi minimum wage?

Minimum EOBI pension has been enhanced from Rs. 1,300 to Rs. 1,500 per month and enhancement of minimum wage rate from Rs. 4,000 to Rs.

What is the average monthly salary in Pakistan?

The average salary in Pakistan is 81,800 PKR (Pakistani Rupee) per month, or around USD 498 according to the exchange rates in August 2021. The Pakistan average is significantly lower than the US average (USD 7,900) but comparable to India (USD 430), Ukraine (USD 858), and the Philippines (USD 884).

What is the 2022 labor participation rate?

During the 2012–2022 period, the growth of the labor force is anticipated to be due entirely to population growth, as the overall labor force participation rate is expected to decrease from 63.7 percent in 2012 to 61.6 percent in 2022.

What is labor force participation rate today?

The labor force participation rate increased by 0.3 percentage point over the month to 62.4 percent but is 1.0 percentage point below its February 2020 level.

What is Pakistan’s main source of income?

Pakistan’s economy has three main sectors – agriculture, manufacturing and services. The largest sector, services, accounts for 61 per cent of GDP, led by wholesale, retail, transport and communications.

Which industry is the backbone of Pakistan?

Abstract. Agriculture is considered the backbone of Pakistan’s economy, which relies heavily on its major crops.

What rank is Pakistan economy?

Pakistan’s economic freedom score is 48.8, making its economy the 153rd freest in the 2022 Index. Pakistan is ranked 34th among 39 countries in the Asia–Pacific region, and its overall score is below the regional and world averages. Pakistan’s economy slowed in 2019 and contracted in 2020.

What is the GDP of Pakistan in 2022?

GDP in Pakistan is expected to reach 292.00 USD Billion by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Pakistan GDP is projected to trend around 292.00 USD Billion in 2023 and 310.00 USD Billion in 2024, according to our econometric models.

Is Pakistan a poor country 2022?

Many factors contribute to a nation’s wealth, including its natural resources, educational system, political stability, and national debt.
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Poorest Countries in the World 2022.

What country has lowest unemployment?

Lowest Unemployment Rates

• Qatar: 0.3%
• Cambodia: 0.6%
• Niger: 0.8%
• Solomon Islands: 1.0%
• Lao PDR: 1.3%
• Thailand: 1.4%
• Benin: 1.6%
• Rwanda: 1.6%

Which country has the largest labor force?

China
List of countries by labour force

What is the poverty rate in Pakistan 2022?

37.9 per cent
Using the lower-middle-income poverty rate, the WB estimated that the poverty ratio in Pakistan stood at 39.3 per cent in 2020-21 and is projected to remain at 39.2 per cent in 2021-22 and might come down to 37.9 per cent by 2022-23, reported The News International.

What is the rank of Pakistan in unemployment?

Pakistan unemployment rate for 2021 was 4.35%, a 0.05% increase from 2020. Pakistan unemployment rate for 2020 was 4.30%, a 0.76% increase from 2019.
Pakistan Unemployment Rate 1991-2022.