Average Income Of Middle Class In Pakistan

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Average income of middle class in pakistan. In countries like pakistan a large portion of middle class is dependent upon remittances which is not their own income from abroad to sustain their lifestyle. Gni per capita atlas method current us details. While workers with high school education earn the least with an average gross income of pkr 665 416. A household on average consists of six members.

Unlike the more common practice of using income and the standard of living to define a social class credit suisse used the measure of personal wealth band to determine the middle class. This is 310 21 lower of what doctorate degree degree holders earn. In its global wealth report 2015 credit suisse said pakistan had the 18th largest middle class 6 27 million people in the world. Salaries in pakistan range from 20 700 pkr per month minimum salary to 365 000 pkr per month maximum average salary actual maximum is higher.

On this note dr baqai went on to explain how the middle class which constitutes 42 per cent of pakistan s population according to a world bank report had blemished society. According to this the lowest class would have to have an income between 10 000 and 168 000 and would be a tiny fraction of the population. Graph map and compare more than 1 000 time series indicators from the world development indicators. This is an important aspect to consider since middle class in some countries like us is highly indebted which in turn restricts their future consumption possibilities.

The middle class in pakistan can loosely be defined as the section of society that comprises households with a minimum monthly income of rs50 000. Less than 16 of middle class people pay income tax. They are defined as lower middle income economies those with a gni per capita between 1 036 and 4 045. Data for lower middle income pakistan.

And upper middle income economies those with a gni per capita between 4 046 and 12 535 middle income countries are home to 75 of the world s population and 62 of the world. Interestingly even though pakistan has 5 7 of their adult population as middle class only 0 9 pay income tax i. The world s middle income countries mics are a diverse group by size population and income level. With an earned doctorate degree they grosses pkr 2 753 214.

This shows how unequally distributed the wealth is in pakistan and because of that we cannot define the social classes linearly. I mean the average monthly income is just 68k.