Economy of Gilgit-Baltistan
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The economy of Gilgit-Baltistan (GB) is mainly based on trade and tourism.[1] Various tourist destinations attract millions of travelers from within Pakistan.[2] On the other hand, tourists from other countries also routinely visit GB.[3]
The region is not densely populated, and it shares a long border with China.[4] Gross state product (GSP) nominal of GB is $2.5 billion and GSP (nominal) per capita of GB is $1,748.[5] GSP purchasing power parity (PPP) of GB is $10 billion and GSP (PPP) per capita of GB is $6,028.[5]
An estimated 1.72 million tourists visited the region in 2017 according to the Pakistan Tourism Development Corporation (PTDC).[2] Travelers had contributed Rs.300 million to the local economy in 2017.[2] The authorities were expecting 2.5 million tourists in 2018 which meant an additional Rs.450 million to the economy.[2]
References[edit]
- ^ "Creative economy of Gilgit-Baltistan". The Express Tribune. 2021-08-02. Retrieved 2023-10-03.
- ^ a b c d "Tourism economy of Gilgit-Baltistan". The Express Tribune. 2019-05-12. Retrieved 2023-10-03.
- ^ Gomal Amin &, Imran Khan (September 2019). "The impact of tourism on local communities and their environment in Gilgit Baltistan, Pakistan: a local community perspective". Environmental Socio-Economic Studies. 7 (3): 24. Bibcode:2019ESES....7c..24U. doi:10.2478/environ-2019-0015. S2CID 201726791 – via ResearchGate.
- ^ "Welcome to Gilgit Baltistan". visitgilgitbaltistan.gov.pk. Retrieved 2023-10-03.
- ^ a b Khyber Pakhtunkhwa, Bureau of Statistics (August 2021). "GDP OF KHYBER PUKHTUNKHWA'S DISTRICTS MEASURING ECONOMIC ACTIVITY USING NIGHTLIGHTS" (PDF). KPK Government. Retrieved October 3, 2023.