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Pakistan's Economy At a Glance

Updated as on September, 2016

 

KEY ECONOMIC INDICATORS OF PAKISTAN
  Unit 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15P 2015-16 (up Dec 2015)
I. Real Sector                      
Per Capita GDP US$ 980 1,053 1,026 1,072 1,274 1,321 1,340 1,384 1,512 1,531
Real GDP Growth % 6.8 3.7 1.7 3.1 3.0 4.4 3.7R 4 4.2 5.5T
Nominal GDP (MP) Billion US$ 143.0 163.5 161.8 176.5 214 225 231 244 270 293
Agriculture % of GDP 21.9 21.3 21.8 21.3 21.2 21.1 21.2 21 20.9 24.0
Industry % of GDP 26.3 25.8 25.3 26.0 25.5 25.4 20.9 20.8 20.3 17.9
Services % of GDP 51.8 52.9 52.9 52.6 53.4 53.5 58 58 59 52
Investment % of GDP 22.5 22.1 18.2 15.6 13.1 14.9 14.6R 15R 15 17.7T
National Savings % of GDP 17.4 13.6 12.5 13.1 13.2 12.8 13.5 13.7R 15 16.8T
Headline Inflation (yoy) % 7.77 12.00 17.0 10.10 13.66 11.0 7.4 8.6 4.5 2.1
- Food Inflation (yoy) % 10.30 17.60 23.70 12.9 18.00 11.0 7.1 9.0 3.5 1.0
- Non-Food Inflation (yoy) % 6.00 7.90 18.40 8.2 10.70 11.0 7.5 8.3 5.3 2.9
- Core inflation (yoy) % 5.90 8.40 17.60 7.6 9.40 10.6 9.6 8.5 4.9 2.7
II. Fiscal Sector                      
Revenue Collection Billion US$ 21.4 23.9 23.5 24.8 26.3 27.8 30.8 35.4 41.6 19.1
Fiscal Deficit % of GDP 4.35 7.59 5.35 6.28 6.62 8.8$ 8.2 5.5R 5 1.7
Public Debt % of GDP 57.2 60.7 61.5 61.4 60.1 65 65 66 65 62
- of which foreign currency % of GDP 27.5 29.7 32.3 33.0 31 30.9 27 25.8 24.2 23.4
- domestic debt % of GDP 30.1 31.9 29.2 31 32.9 38.1 42.8R 43.8 44.8 42
Public Debt Servicing % of total revenue 36.7 37.2 46.6 47.1 45.0 49.3 52 49.3R 43.4 38.6
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 10.3
Imports (c.i.f) Billion US$ 30.5 40.0 34.8 34.7 40.4 40.5 40.2 41.7 41.3 22.2
Trade Balance Billion US$ -13.6 -20.9 -17.1 -15.4 -15.6 -15.7 -15.4 -16.7 -17.1 -11.9
Remittances Billion US$ 5.5 6.5 7.8 8.9 11.2 13.2 13.9 15.8 18.7 9.7
Current Account Balance Billion US$ -6.9 -13.9 -9.3 -3.9 0.2 -4.7 -2.5 -3.1 -2.7 -1.3
Current Account Balance % of GDP -5 -9 -6 -2 0 -2 -1.1 -1.3 -1.0 -0.4
Total Foreign Investment Million US$ 8,688.6 5,574.8 2,646.8 2086 1979.2 707.8 1,580.6 4,436.6 2,767.0 887.0
- FDI Million US$ 5140 5410 3720 2151 1634.7 821 1258 1572 923 669
- Portfolio Investment Million US$ 3283 32 -1073 -65 344.5 -112 26 2760 1844 217
External Debt and Forex Liabilities Billion US$ 40.3 46.2 52.3 61.6 66.4 65.5 60.9 65.4 65.1 61.5
EDL/FEE Percent 127.9 131 152.7 166.5 143.8 140.8 120 160.0@ - -
Short-term external debt % of GDP 0.05 0 0.43 0.56 0.34 0.23 0 0.21 - 0.43
External Debt Servicing Ratio *** 9 9 14 12 8 10 - - - 10.6
Exchange Rate (average) Per US$ 60.64 62.63 78.62 83.89 85.56 89.27 96.85 102.88 101.46 104.7
Foreign Exchange Reserves Billion US$ 16.6 11.6 12.8 16.7 18.2 15.3 11.0 14.1 18.7 20.8
IV. Monetary & Capital Market                      
Growth Rate of M1 y-o-y 16 4.6 9.8 14.1 17.5 13.9 20.7 15.2R 16.2 4.8
Growth Rate of M2 y-o-y 18.9 11.9 9.5 13.0 16.7 13.4 16.6 12.8R 12.7 4.1
Growth Rate of M3 y-o-y 16.3 10.9 12.5 13.7 16.3 12.7 17.1 12.1R 12.7 4.5
Weighted Avg Lending Rate % 10.32 12.75 14.32 13.22 14.25 13.13 10.56 10.37 8.24 7.78
Credit growth to Private Sector % 17.3 16.5 0.7 3.9 4.0 7.5 -0.6 6.2 5.6 5.6
Stock Market (Price Index) 1991=1000 17,772.5 12289 7162.2 9,721.9 12,496.6 13801 21,005.7 29,653 34,399 32,816
Market Capitalization (as leading stock mkt) PKR Billion 4019.4 3777.7 2120.7 2732.4 3288.7 3518.1 5,155 6,171 7,211 6,903
Market Capitalization (as leading stock mkt) % of GDP 46.3 36.9 16.7 18.5 18.2 17.0 22.5 24.6 26.3 23.5
Market Capitalization (as leading stock mkt) Billion US$ 67 55 26 32 38 37 53.2 60 71.1 65.9
V. Banking Sector Indicators                      
Capital adequacy ratio (CAR) % 12.3 12.2 14.0 13.9 14.1 15.1 15.5 15.1 17.2 17.3
Non-performing loans % 7.6 10.5 12.6 14.9 15.3 15.9 14.8 12.8 12.4 11.4
Before Tax Profitability(R.O.E.) % 22.6 11.4 13.2 15.5 21.8 25.9 18.5 23.5 27.5 25.8
Before Tax Profitability (R.O.A.) % 2.2 1.2 1.3 1.5 2.1 2.4 1.7 2.1 2.7 2.5
Source: Pakistan Bureau of Statistics; State Bank of Pakistan, Ministry of Finance. Note: P= Provisional; T= target; $ Fiscal deficit includes PSEs debt adjustment; GDP in dollar terms is calculated using average exchange rate during the year; ‘-‘:Data not available.
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).