The economy of Pakistan is the 24th largest in the world in terms of purchasing power parity (PPP), and 42nd largest in terms of nominal gross domestic productPakistan has a population of over 207 million [23] (the world’s 5th-largest), giving it a nominal GDP per capita of $1,629,[24] which ranks 147th in the world for 2016. However, Pakistan’s undocumented economy is estimated to be 36% of its overall economy, which is not taken into consideration when calculating per capita income.[25] Pakistan is a developing country[26][27][28] and is one of the Next Eleven, the eleven countries that have a potential to be among the world’s large economies in the 21st century.[29] However, after decades of war and social instability, as of 2013, serious deficiencies in basic services such as railway transportation and electric power generation had developed.[30] The economy is semi-industrialized, with centres of growth along the Indus River.[31][32][33] Primary export commodities include textiles, leather goods, sports goods, chemicals, carpets/rugs and medical instruments.[34][35]

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