10 World's Worst Economies

Pakistan

Pakistan is latest entrant in the list. Country’s economy has suffered from a poisonous combination of stagnant per-capita income and high inflation. High unemployment and inflation, combined with rampant corruption and civil strife, make it hard for Pakistan to attract foreign investment or expand its economy. The per capita GDP is $1300 with 1 percent GDP growth for the year 2011 and inflation rate is around 12 percent.

Pakistan is a rapidly developing country and is one of the Next Eleven, the eleven countries that, along with the BRICs, have a high potential to become the world's largest economies in the 21st century. The economy is semi-industrialized, with centres of growth along the Indus River. The diversified economies of Karachi and Punjab's urban centres coexist with less developed areas in other parts of the country. Pakistan's estimated nominal GDP as of 2011 is $202 billion. The estimated nominal per capita GDP is $1,197, GDP per capita is $2,851 and debt-to-GDP ratio is 55.5 percent. A 2010 report by RAD-AID positioned Pakistan's economy at 27th largest in the world by purchasing power and 45th largest in absolute dollars.  It is South Asia's second largest economy, representing about 15 percent of regional GDP.