PAKISTAN

SELECTED INDICATORS* Avg. '10-19 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 E

INCOME AND ECONOMIC GROWTH

GDP growth (annual %) 4.0 1.5 2.7 3.0 4.4 4.1 4.2 6.6 4.4 6.2 2.5 -1.3 6.5 4.7 -0.6
GDP per capita growth (annual %, real) 2.3 -0.8 0.5 1.2 2.8 2.7 2.9 5.3 3.1 4.5 0.9 -3.0 4.6 2.7 -2.5
GDP per capita (US$, nominal) 1348.9 1011.5 1161.0 1236.9 1259.6 1303.2 1421.9 1468.9 1567.7 1620.8 1437.2 1324.1 1507.9 1592.1 1390.8
Private Consumption growth (annual %) 4.9 2.2 4.0 3.9 3.0 5.7 3.0 7.8 6.9 7.2 5.6 -2.8 9.4 6.7 -1.0
Gross Investment ( % of nominal GDP) 13.9 14.3 12.9 13.5 13.3 13.2 14.1 14.2 14.6 15.4 13.8 13.1 12.8 14.0 12.1
Gross Investment - Public ( % of nominal GDP) 3.5 3.5 3.0 3.4 3.2 2.9 3.5 3.4 4.1 4.6 3.1 2.8 3.0 3.5 3.2

MONEY AND PRICES

Inflation, consumer prices (annual %, EOP or MRV)¹ 7.7 15.4 9.7 7.8 9.1 4.2 3.1 4.3 5.5 5.2 12.4 7.8 12.2 24.4 27.2
Inflation, consumer prices (annual %, period average) 7.4 10.1 13.7 11.0 7.4 8.6 4.5 2.9 4.8 4.7 6.8 10.7 8.9 12.2 29.2
Broad Money (% of GDP) 37.3 35.0 33.9 34.2 35.4 35.7 37.1 39.2 41.0 40.8 40.6 44.0 43.5 41.2 37.9
Domestic Credit to the Private Sector ( % of GDP)2 16.6 21.4 18.1 16.9 16.1 15.6 15.4 14.7 15.3 16.6 15.7 15.0 15.4 14.8 ..
10 year interest rate (annual average)¹ 11.4 13.1 13.6 12.5 12.0 12.7 9.8 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0
Nominal Exchange Rate (local currency per USD) 101.6 83.9 85.6 89.3 96.8 103.0 101.4 104.3 104.8 110.0 136.5 158.0 160.0 177.5 248.5
Real Exchange Rate Index (2015=100) 91.1 80.1 88.5 89.3 86.9 87.3 100.0 97.9 99.6 96.8 84.8 79.8 81.2 83.8 71.7

FISCAL
Revenue (% of GDP) 12.7 12.9 11.6 11.6 12.0 13.7 13.0 13.7 14.0 13.4 11.3 13.3 12.4 12.1 11.6
Expenditure (% of GDP) 18.3 18.2 17.5 17.6 19.2 18.0 17.7 17.7 19.1 19.1 19.1 20.3 18.5 20.0 19.4
Interest Payments (% of GDP) 4.0 3.9 3.5 4.0 4.0 4.1 4.3 3.9 3.8 3.8 4.8 5.5 4.9 4.8 7.0
Non-Interest Expenditure (% of GDP) 14.3 14.3 13.9 13.6 15.3 13.9 13.4 13.9 15.3 15.3 14.3 14.8 13.5 15.2 12.4
Overall Fiscal Balance (% of GDP) -5.6 -5.3 -5.8 -6.0 -7.2 -4.3 -4.7 -4.0 -5.2 -5.7 -7.8 -7.0 -6.0 -7.8 -7.8
Primary Fiscal Balance (% of GDP) -1.6 -1.4 -2.3 -2.0 -3.2 -0.2 -0.4 -0.2 -1.4 -1.8 -3.0 -1.5 -1.1 -3.1 -0.8
Public Debt (% of GDP) 62.3 58.2 57.4 59.0 59.5 59.2 59.2 62.5 63.2 67.1 78.0 81.1 75.6 80.7 82.3
External General Government Debt (% of GDP) 21.2 26.4 24.1 22.6 19.0 18.1 17.1 18.5 18.4 21.4 26.1 27.2 24.2 29.5 31.4
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EXTERNAL ACCOUNTS
Export growth, G&S (nominal US$, annual %) 3.1 7.2 25.0 -4.4 6.0 -3.5 -1.5 -8.5 1.8 9.7 -1.3 -7.4 12.9 25.4 -11.1
Import growth, G&S (nominal US$, annual %) 5.1 -2.8 14.3 11.7 -0.5 2.5 1.1 -0.2 16.9 16.0 -7.6 -16.6 19.7 34.7 -28.9
Merchandise exports (% of GDP) 8.6 10.0 11.0 9.9 9.6 9.2 8.0 7.0 6.5 7.0 7.6 7.5 7.3 8.7 8.3
Merchandise imports (% of GDP) 15.1 15.8 15.5 16.1 15.5 15.4 13.8 13.1 14.2 15.6 16.2 14.5 15.6 19.1 15.5
Services, net (% of GDP) -1.2 -0.9 -0.9 -1.3 -0.6 -1.0 -1.0 -1.1 -1.4 -1.8 -1.5 -1.1 -0.7 -1.6 -0.2
Current account balance (current US$ millions) -6669.1 -3946.4 214.0 -4658.0 -2496.0 -3130.0 -2815.0 -4961.0 -12270.0 -19195.0 -13434.0 -4449.0 -2820.0 -17481.0 -2387.0
Current account balance (% of GDP) -2.2 -2.0 0.1 -1.9 -1.0 -1.2 -0.9 -1.6 -3.6 -5.4 -4.2 -1.5 -0.8 -4.7 -0.7
Foreign Direct Investment, net inflows (% of GDP) 0.6 1.1 0.7 0.3 0.5 0.6 0.3 0.8 0.7 0.8 0.4 0.9 0.5 0.5 0.1

See next page for more indicators

PAKISTAN
SELECTED INDICATORS* Avg. '10-19 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 E

POPULATION, EMPLOYMENT AND POVERTY

Population, total (millions) 209.3 194.5 198.6 202.2 205.3 208.3 211.0 213.5 216.4 219.7 223.3 227.2 231.4 235.8 240.5
Population Growth (annual %) 1.6 2.3 2.1 1.8 1.5 1.4 1.3 1.2 1.3 1.5 1.6 1.7 1.9 1.9 2.0
Unemployment Rate 3.3 0.8 1.0 1.7 3.1 2.1 3.9 4.5 4.9 5.6 5.4 10.1 10.1 10.1 10.2
International poverty rate ($2.15 in 2017 PPP)³ 7.3 .. 9.4 9.6 .. 7.4 .. 5.1 .. .. 4.9 5.9 4.5 3.6 6.8
Lower middle-income poverty rate ($3.65 in 2017 PPP)³ 45.7 .. 52.4 51.7 .. 44.6 .. 40.0 .. .. 39.8 42.7 38.5 34.2 39.4
Upper middle-income poverty rate ($6.85 in 2017 PPP)³ 86.9 .. 90.4 89.1 .. 86.5 .. 83.8 .. .. 84.5 85.4 84.3 82.2 83.9

OTHER
GDP (current LCU, millions) 29326966.7 16507053.4 19731030.4 22344639.1 25042169.4 27952815.4 30425879.9 32725049.0 35552819.0 39189810.0 43798401.0 47540409.0 55836225.0 66623563.9 83097083.9
GDP (current US$, millions) 283730.0 196699.9 230583.5 250107.9 258646.7 271386.6 299969.2 313638.6 339212.1 356141.5 320914.4 300831.5 348932.8 375449.8 334457.6
GDP per capita LCU (real) 146609.8 131809.7 132515.5 134094.7 137816.0 141481.2 145549.4 153261.1 157942.9 165101.6 166525.9 161579.5 168976.9 173610.5 169224.3
Human Development Index Ranking⁴ 158.3 156 159 158 159 158 158 157 158 159 161 161 161 .. ..
CPIA (overall rating)2 3.2 3.1 3.1 3.1 3.1 3.2 3.2 3.3 3.2 3.2 3.3 3.3 3.3 3.2 ..
Economic Management2 3.1 2.8 2.8 2.8 2.8 3.2 3.3 3.5 3.2 3.0 3.2 3.2 3.2 3.0 ..
Structural Policies2 3.4 3.5 3.3 3.3 3.3 3.3 3.3 3.5 3.5 3.5 3.7 3.7 3.7 3.7 ..
Policies for Social Inclusion and Equity2 3.1 2.9 3.1 3.1 3.1 3.2 3.1 3.2 3.2 3.2 3.2 3.2 3.2 3.2 ..
Public Sector Management and Institutions2 3.1 3.1 3.0 3.0 3.0 3.0 3.1 3.1 3.1 3.1 3.2 3.2 3.3 3.1 ..

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Notes: ".." indicates not available. E = estimate, F = forecast. Data from MFMOD unless otherwise noted. Poverty data are expressed in 2017 PPP, versus 2011 PPP in previous editions - resulting in major changes. See pip.worldbank.org
1/ World Bank GEM database; MRV = Most recent value.
2/ World Development Indicators Database and World Bank Staff Estimates.
3/ Calculations based on SAR-POV harmonization, using 2018-HIES.Poverty projections based on microsimulations using 2018-HIES and aggregate macroeconomic indicators (see Caruso et al 2017).Actual data: 2018. Nowcast: 2019-2022. Forecasts are from 2023 to 2025.
4/ The HDI ranking in 2001 is in relation to 175 countries and in 2010 in relation to 169 countries. Methodological enhancements in HDI calculations have resulted in notable improvements in the countries' rankings.

Sources: MFMOD Database, World Bank WDI and GEM databases, IMF.