Pakistan is just inside the world’s top 50 economies, based on Gross Domestic Product (GDP) of US$376.49 billion in 2022. The economy is driven by domestic demand from its predominantly young population of over 235 million, exports and investment. Agricultural and textile products, light engineering and surgical equipment feature strongly in the exports profile, and earned around 31 billion US dollars in 2021.
Pakistan’s economic role in the region is supported by free trade agreements with Sri Lanka, China, Indonesia and Malaysia, plus preferential agreements with Iran, Turkey and Mauritius. Pakistan is a member of the South Asian Association for Regional Cooperation (SAARC) and the Central Asia Regional Economic Cooperation (CAREC). In 2015, Pakistan signed the China-Pakistan Economic Corridor agreement (CPEC).