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Country Information - Pakistan - SAARCFINANCE - Reserve Bank of India
Pakistan's Economy at a Glance
Updated as on 05, 2018
KEY ECONOMIC INDICATORS OF PAKISTAN | ||||||||||||
Unit | 2006-07 | 2007-08 | 2008-09 | 2009-10 | 2010-11 | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17* | |
I. Real Sector | ||||||||||||
Per Capita GDP | US$ | 980 | 1,052 | 1,024 | 1,071 | 1,273 | 1,320 | 1,332 | 1,388 | 1,512 | 1,529 | 1,627 |
Real GDP Growth | % | 5.5 | 5.0 | 0.4 | 2.6 | 3.6 | 3.8 | 3.7 | 4.1 | 4.1 | 4.5 | 5.3 |
Nominal GDP (MP) | Billion US$ | 152.4 | 169.9 | 167.9 | 177.2 | 213.6 | 224.6 | 231.1 | 244.6 | 270.5 | 278.8 | 304.0 |
Agriculture | % of GDP | 21.8 | 22.5 | 22.7 | 23.3 | 25.1 | 23.7 | 23.8 | 23.7 | 23.8 | 23.2 | 23.1 |
Industry | % of GDP | 20.0 | 21.7 | 19.2 | 19.7 | 20.5 | 21.3 | 20.2 | 20.0 | 19.1 | 18.2 | 17.9 |
Services | % of GDP | 52.8 | 53.1 | 53.1 | 52.8 | 50.9 | 51.6 | 52.0 | 51.7 | 52.2 | 52.8 | 52.8 |
Investment | % of GDP | 22.9 | 21.6 | 19.0 | 15.4 | 14.1 | 14.9 | 14.6 | 14.6 | 15.5 | 15.6 | 15.8 |
National Savings | % of GDP | 17.8 | 13.3 | 13.2 | 13.2 | 14.2 | 12.8 | 13.9 | 13.4 | 14.5 | 14.3 | 13.1 |
Headline Inflation (yoy) | % | 7.8 | 12.0 | 17.0 | 10.1 | 13.7 | 11.0 | 7.4 | 8.6 | 4.5 | 2.9 | 4.2 |
- Food Inflation (yoy) | % | 10.3 | 17.6 | 23.1 | 12.9 | 18.0 | 11.0 | 7.1 | 9.0 | 3.5 | 2.1 | 3.8 |
- Non-Food Inflation (yoy) | % | 6.0 | 7.9 | 13.4 | 8.2 | 10.7 | 11.0 | 7.5 | 8.3 | 5.3 | 3.4 | 4.4 |
- Core inflation (yoy) | % | 5.9 | 8.4 | 11.4 | 7.6 | 9.4 | 10.6 | 9.6 | 8.3 | 6.5 | 4.2 | 5.2 |
II. Fiscal Sector | ||||||||||||
Revenue Collection | Billion US$ | 21.4 | 23.9 | 23.5 | 24.8 | 26.3 | 28.8 | 30.8 | 35.4 | 38.7 | 42.6 | 47.1 |
Fiscal Deficit | % of GDP | 4.1 | 7.3 | 5.2 | 6.2 | 6.5 | 8.8 | 8.2 | 5.5 | 5.3 | 4.6 | 5.8 |
Public Debt | % of GDP | 53.0 | 58.4 | 58.6 | 60.6 | 58.9 | 63.3 | 63.9 | 63.5 | 63.3 | 67.6 | 67.2 |
- of which foreign currency | % of GDP | 27.5 | 29.7 | 32.3 | 35.4 | 31.2 | 30.9 | 27.0 | 25.6 | 24.2 | 26.6 | 27.3 |
- domestic debt | % of GDP | 28.3 | 30.8 | 29.2 | 31.3 | 32.9 | 38.1 | 42.5 | 43.3 | 44.4 | 46.8 | 46.6 |
Public Debt Servicing | % of total revenue | 36.7 | 37.2 | 43.9 | 40.5 | 36.0 | 44.4 | 47.3 | 45.0 | 39.9 | 33.4 | 35.1 |
III. External Sector | ||||||||||||
Exports (f.o.b) | Billion US$ | 17.0 | 19.1 | 17.7 | 19.3 | 24.8 | 24.7 | 24.8 | 25.1 | 24.1 | 22.0 | 21.7 |
Imports (c.i.f) | Billion US$ | 30.5 | 40.0 | 34.8 | 34.7 | 40.4 | 40.4 | 40.2 | 41.7 | 41.4 | 41.3 | 48.6 |
Trade Balance | Billion US$ | -13.6 | -20.9 | -17.1 | -15.4 | -15.6 | -15.7 | -15.4 | -16.6 | -17.3 | -19.3 | -26.9 |
Remittances | Billion US$ | 5.5 | 6.5 | 7.8 | 8.9 | 11.2 | 13.2 | 13.9 | 15.8 | 18.7 | 19.9 | 19.3 |
Current Account Balance | Billion US$ | -6.9 | -13.9 | -9.3 | -3.9 | 0.2 | -4.7 | -2.5 | -3.1 | -2.8 | -4.9 | -12.1 |
Current Account Balance | % of GDP | -5.0 | -9.0 | -6.0 | -2.0 | 0.0 | -2.1 | -1.1 | -1.3 | -1.0 | -1.7 | -4.0 |
Total Foreign Investment | Million US$ | 8,428 | 5,447 | 2,688 | 2,087 | 1,980 | 709 | 1,581 | 4,439 | 2,830 | 1,976 | 2,161 |
- FDI in Pakistan | Million US$ | 5,140 | 5,410 | 3,720 | 2,151 | 1,635 | 821 | 1,456 | 1,700 | 988 | 2,305 | 2,412 |
- Portfolio Investment in Pakistan | Million US$ | 3288 | 37 | -1032 | -64 | 345 | -112 | 125 | 2739 | 1842 | -329 | -251 |
External Debt and Forex Liabilities | Billion US$ | 40.3 | 46.2 | 52.3 | 61.6 | 66.4 | 65.5 | 60.9 | 65.3 | 65.2 | 73.9 | 83.0 |
EDL/FEE | Percent | 149.8 | 151.7 | 168.6 | 182.3 | 156.9 | 152.6 | 134.0 | 141.1 | 133.9 | 156.2 | 178.3 |
Short-term external debt | % of GDP | 0.1 | 0.0 | 0.4 | 0.5 | 0.3 | 0.2 | 0.1 | 0.3 | 0.4 | 0.6 | 0.3 |
External Debt Servicing Ratio | % of GDP | 1.9 | 1.9 | 2.8 | 2.6 | 1.8 | 2.0 | 2.8 | 2.9 | 2.0 | 1.9 | 2.7 |
Exchange Rate (average) | Per US$ | 60.6 | 62.6 | 78.6 | 83.9 | 85.6 | 89.3 | 96.9 | 102.9 | 101.5 | 104.4 | 104.8 |
Foreign Exchange Reserves | Billion US$ | 16.6 | 11.6 | 12.8 | 16.7 | 18.2 | 15.3 | 11.0 | 14.1 | 18.7 | 23.1 | 21.4 |
IV. Monetary & Capital Market | ||||||||||||
Growth Rate of M1 | y-o-y | 16.0 | 4.6 | 9.8 | 14.1 | 17.5 | 13.9 | 19.7 | 15.1 | 16.6 | 16.1 | 15.3 |
Growth Rate of M2 | y-o-y | 18.9 | 11.9 | 9.5 | 13.0 | 16.7 | 13.4 | 16.9 | 12.6 | 12.8 | 14.5 | 13.9 |
Growth Rate of M3 | y-o-y | 16.3 | 10.9 | 12.5 | 13.7 | 16.3 | 12.7 | 17.3 | 12.1 | 12.8 | 13.1 | 12.5 |
Weighted Avg Lending Rate | % | 10.3 | 12.8 | 14.3 | 13.2 | 14.3 | 13.1 | 10.6 | 10.4 | 8.2 | 7.2 | 7.1 |
Credit growth to Private Sector | % | 17.3 | 16.5 | 0.7 | 3.9 | 4.0 | 7.5 | -0.2 | 12.2 | 5.9 | 11.2 | 16.8 |
Stock Market (Price Index) | 1991=1000 | 13,772.5 | 12,289.0 | 7,162.2 | 9,721.9 | 12,496.0 | 13,801.4 | 21,005.7 | 29,652.5 | 34,398.9 | 37,783.5 | 46,565.3 |
Market Capitalization (as leading stock mkt) | PKR Billion | 4,019.4 | 3,777.7 | 2,120.7 | 2,732.4 | 3,288.7 | 3,518.1 | 5,154.7 | 7,022.7 | 7,421.0 | 7,588.5 | 9,522.4 |
Market Capitalization (as leading stock mkt) | % of GDP | 43.5 | 35.5 | 16.1 | 18.4 | 18.0 | 17.5 | 23.0 | 27.9 | 27.0 | 26.1 | 29.9 |
Market Capitalization (as leading stock mkt) | Billion US$ | 66.3 | 60.3 | 27.0 | 32.6 | 38.4 | 39.4 | 53.2 | 68.3 | 73.1 | 72.7 | 90.9 |
V. Banking Sector Indicators | ||||||||||||
Capital adequacy ratio (CAR) | % | 12.3 | 12.2 | 13.5 | 13.9 | 14.1 | 15.1 | 15.5 | 15.1 | 17.2 | 16.1 | 15.6 |
Non-performing loans | % Total Loans | 7.6 | 10.5 | 11.5 | 12.9 | 15.3 | 15.9 | 14.8 | 12.8 | 12.4 | 11.1 | 9.3 |
Before Tax Profitability(R.O.E.) | % | 22.6 | 11.4 | 16 | 17.7 | 21.8 | 25.9 | 18.5 | 23.5 | 27.5 | 24.9 | 21.9 |
Before Tax Profitability (R.O.A.) | % | 2.2 | 1.2 | 1.7 | 1.8 | 2.1 | 2.4 | 1.7 | 2.1 | 2.7 | 2.2 | 1.8 |
Source: Pakistan Bureau of Statistics; State Bank of Pakistan, Ministry of Finance. Note: GDP in dollar terms is calculated using average exchange rate during the year; *National Accounts are provisional estimates for FY17 | ||||||||||||
Definitions: | ||||||||||||
M1= Notes in Circulation outside Depository Corporation + Transferable Deposits with ODCs + Transferable Deposits with SBP other than Reserve Deposits | ||||||||||||
M2= M1 + Other Deposits with ODCs + Short Term Securities Issued by ODCs + Coin in Circulation; M3 = M2 + Deposits held wit Post Office + National Saving Schemes (CDNS) | ||||||||||||
*** The ratio of debt service (interest and principal payments due, excluding short-term debt servicing of banks) during a year, expressed as a percentage of current receipts minus official transfers. | ||||||||||||
Fiscal deficit = total revenue - total expenditure: EDL/FEE: External Debt and Liabilities (EDL) as a percentage of Foreign Exchange Earnings (FEE). |