DATA BASE OF MINIMUM
WAGE
Macro Economic Indicators
|
|
|
Annual Averages |
|
||
|
Period/Variable
|
|
1990/91 1994/95 |
1995/96 1999/00 |
2000/01 2003/04 |
2003/04 2006/07 |
|
GDP growth rate (constant fc) |
|
5.08 |
4.02 |
3.27 |
7.27 |
|
(a) Agriculture |
|
4.2 |
4.32 |
0.67 |
4.72 |
|
(b) Manufacturing |
|
5.8 |
3.82 |
6.9 |
11.6 |
|
(c) Commodity Producing
Sector |
|
5.02 |
4.12 |
2.17 |
7.45 |
|
(d) Services |
|
5.12 |
4.2 |
4.37 |
7.12 |
|
|
As a
Percentage of GDP |
|
|||
|
Total Investment |
|
19.52 |
17 |
16.97 |
21.95 |
|
Public Investment |
|
8.58 |
6.4 |
4.63 |
4.07 |
|
Private Investment |
|
9.34 |
8.82 |
10.93 |
13.65 |
|
Domestic Savings |
|
12.7 |
13.42 |
17.83 |
15.85 |
|
Total Revenue |
|
17.82 |
16.5 |
14.13 |
14.3 |
|
Total Expenditure |
|
24.98 |
23.16 |
18.07 |
17.87 |
|
Overall Deficit |
|
7.18 |
6.46 |
4.1 |
3.57 |
|
Exports |
|
13.16 |
13.18 |
12.7 |
12.7 |
|
Imports |
|
18.1 |
17.12 |
13.6 |
17.22 |
|
Current Account Deficit |
|
4.51 |
4.5 |
2.13 |
3.1 |
Source: Pakistan Economic
Survey, various issues.
Elasticity of Employment with Respect to
GDP Growth
|
Sector |
1980-90 |
1990-00 |
2000-04 |
2005-2007 |
|
Agriculture |
0.49 |
0.45 |
0.20 |
0.64 |
|
Industry |
0.33 |
0.27 |
1.07 |
0.96 |
|
Services |
0.46 |
0.94 |
1.25 |
0.80 |
|
Overall |
0.39 |
0.60 |
0.71 |
0.70 |
Source: SAARC Report 2005 and Pakistan Economic Survey 2007-08