Pakistan per capital income during the fiscal year 2015-16 witnessed a growth of 2.9 percent rising to $1560.7 compared to $1516.8 during the fiscal year 2014-15.
According to local media reports, the figures were revealed at the Pakistan Economic Survey, by Finance Minister Muhammad Ishaq Dar, the minister was of the view that the contributing factors for the increase in per capita income include acceleration in real GDP growth, lower growth in population and the stability of Pak Rupee.
Per capita income is the measure of the average income earned per person in a given area in a specified year. The Per capita reflects average standards of living of people in the country and is one of the most commonly used economic indicators
It is calculated by dividing the area's total income or Gross National Product (GNP) at market prices in dollar term by country’s population size.