Per capita Income stands at $1,497.3

ISLAMABAD: The per capita income stood at $1,497.3 during the outgoing fiscal year 2018-19, according to Pakistan Economic Survey (2018-19) launched here by Advisor to Prime Minister on Finance, Dr. Hafeez Shaikh.

According to the provisional figures of the survey, the Gross Fixed Capital Formation (GFCF) for the year FY2019 stood at Rs.5340.0 billion with a growth of 1.9 percent as compared to FY2019.

In private sector, the GFCF has been estimated at Rs.3796.1 billion during FY2019 against Rs.3564.0 billion in FY2018 with an increase of 6.5 percent, while in Public Sector GFCF posted a growth of 9.8 percent as it is estimated at Rs.345.3 billion during FY2019 against Rs.314.6 billion during FY2018.

The provisional overall GFCF for general government services for FY2019 has been estimated at Rs.1198.5 billion, a decline of 12 percent over the revised estimates of Rs.1362.3 billion during FY2018.

The GFCF related expenditure for the federal government has been estimated at Rs.419.8 billion with growth of 15.6 percent over previous year's estimates of Rs.362.3 billion.

However, GFCF related expenditure by provincial governments have declined by 29.2 percent from Rs.909.1 billion to Rs.643.8 billion. Expenditure on GFCF incurred by district governments has increased by 48.4 percent from Rs.90.9 billion to Rs.135.0 billion, according to the survey.