Pakistan's Economy At a Glance
Updated as on May, 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). |
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