The economy of Pakistan is the 26th largest in the world in terms of purchasing power parity (PPP), and 41th largest in terms of nominal Gross Domestic Product. Pakistan has a population of over 190 million (the world's 6th-largest), giving it a nominal GDP per capita of $4,993, which ranks 133th in the world. Pakistan is a developing country and is one of the Next Eleven, the eleven countries that, along with the BRICS, have a potential to become one of the world's large economies in the 21st century. The economy is semi-industrialized, with centers of growth along the Indus River. Primary export commodities include textiles, leather goods, sports goods, chemicals and carpets/rugs.
The World Bank (WB) and International Finance Corporation's flagship report Ease of Doing Business Index 2010 ranked Pakistan 85 among 181 countries around the globe. Pakistan came highest in South Asia and also was ranked higher than China and Russia which were at 133. The top five countries were Singapore, New Zealand, the United States, Hong Kong and United Kingdom. Government of Pakistan has granted numerous incentives to technology companies wishing to do business in Pakistan. Pakistan's manufacturing sector has experienced double-digit growth in recent years. The country has seen rapid growth in industries such as; apparel, textiles, and cement and services such as; telecommunications, transportation, advertising, and finance. Major sectors of Pakistan include; Agriculture where the most important crops are wheat, sugarcane, cotton, and rice, which together account for more than 75% of the value of total crop output. Pakistan's largest food crop is wheat and it exports rice, cotton, fish, fruits (especially Oranges and Mangoes), and vegetables and imports vegetable oil, wheat, pulses and consumer foods. The country is Asia's largest camel market, second largest apricot and ghee market and third-largest cotton, onion and milk market. It contributes about 24 percent of Gross Domestic Product (GDP) and accounts for half of employed labor force and is the largest source of foreign exchange earnings. The Mining industry is another area where Pakistan has flourished immensely.
The country's more than 6, 00,000 km² of outcrops area demonstrates varied geological potential for metallic and non-metallic mineral deposits. Pakistan has a large base for industrial minerals. The discovery of coal deposits having over 175 billion tons of reserves at Thar in the Sindh province has given an impetus to develop it as an alternate source of energy. Pakistan’s industrial sector accounts for about 24% of GDP. Cotton textile production and apparel manufacturing are Pakistan's largest industries, accounting for about 66% of the merchandise exports and almost 40% of the employed labor force. Other major industries include cement, fertilizer, edible oil, sugar, steel, tobacco, chemicals, machinery and food processing. Other vital industries include the Automotive Industry, Construction, Transportation, Housing, Textiles and Communication and Information Technology Industry, which is expected to exceed the $13 billion mark by 2018. According to Pakistan Startup report, there are about 1 million freelancers working from Pakistan mainly via elance, oDesk and freelancer – world’s famous online market places that count Pakistan among top 5 freelancing nations. Most of Pakistan’s Textile Industry is established in Punjab. 10% of United States imports regarding clothing and other form of textiles is covered by Pakistan. In the field of Communications, Pakistan is ranked 4th in terms of broadband Internet growth in the world, as the subscriber base of broadband Internet has been increasing rapidly.