Pakistan


Pakistan Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Pakistan; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank State Bank of Pakistan
International Reserves US$ 17.698 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 233.476 billion (2011 estimate)
GDP (Purchasing Power Parity) 511.664 billion of International dollars (2011 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
1.9% 3.2% 4.9% 7.4% 7.7% 6.1% 5.6% 3.7%
2009 2010 2011 2012*
1.7% 3.8% 2.4% 3.4%

*Estimate

GDP per capita - current prices US$ 1,305 (2011 estimate)
GDP per capita - PPP $2,860 International Dollars (2011 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.43% 0.58% 0.58% 0.63% 0.61%

**Forecast

GDP - composition by sector
  • agriculture: 21.6% 
  • industry: 25.3% 
  • services: 53.1% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
17.6%(2008) 10.1% 13.7% 12%

*Estimate

Unemployment rate
2009 2010 2011 2012*
5.5% 5.6% 6%(2009) 7.7%

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
59.6% 60.7% 61.5% 60.1% 61.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-7.3% -5.2% -5.9% -6.4% -6.7%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: B-

Moody's rating: Caa1

Moody's outlook: NEG

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$33.24 billion US$38.17 billion US$32.76 billion
Largest companies in Pakistan Oil & Gas Development (Oil & Gas Operations) (2012)
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -4.5 billion (2011 estimate)(After 2008)
Current account balance by percentage of GDP -1.9% of GDP (2011 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

13.6% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0.14%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.08% (2011)(2007)

(Data were released in 2012)

Total exports US$24.66 billion (2012 estimate) 
Export commodities textiles (garments, bed linen, cotton cloth, yarn), rice, leather goods, sports goods, chemicals, manufactures, carpets and rugs
Total imports US$40.82 billion (2012 estimate) 
Import commodities petroleum, petroleum products, machinery, plastics, transportation equipment, edible oils, paper and paperboard, iron and steel, tea
Exports - major partners US 14.3%, UAE 7.7%, Afghanistan 7.6%, China 7.6%, Germany 5%, UK 4.1% (2011)
Imports - major partners China 17.9%, Saudi Arabia 11.2%, UAE 11.1%, Kuwait 5.8%, Malaysia 5.7%, India 4.9%, US 4.3% (2011)
FDI inflows
2009 2010 2011
US$2,338 million US$2,022 million(2009) US$1,327 million(2009)
FDI outflows
2009 2010 2011
US$71 million US$47 million US$62 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) US$-13 million(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 107 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 98 out of 185 countries(2009)

Enforcing Contracts: 155 out of 185 countries

Registering Property: 126 out of 185 countries

Getting credit: 70 out of 185 countries

Protecting investors: 32 out of 185 countries

Trading across border: 85 out of 185 countries

Paying Taxes: 162 out of 185 countries

Dealing with Construction Permits: 105 out of 185 countries

Getting Electricity: 171 out of 185 countries

Resolving Insolvency: 78 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
124

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 122 Score: 54.7 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+5
Total area 796,095 km2 (2006)
Capital Islamabad (2009)
Currency Pakistani rupees (PKR) (2009)
Government type federal republic (2009)
Languages Punjabi 48%, Sindhi 12%, Siraiki (a Punjabi variant) 10%, Pashtu 8%, Urdu (official) 8%, Balochi 3%, Hindko 2%, Brahui 1%, English (official; lingua franca of Pakistani elite and most government ministries), Burushaski and other 8%
Religions Muslim 95% (Sunni 75%, Shia 20%), other (includes Christian and Hindu) 5%
Total population
1980 1990 2000 2012* 2017**
82.43 million 108.4 million 137.53 million 178.91 million 197.47 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
22.1% 28.1% 33.2% 36.2%
Population median age 22 years (2010)
Population growth rate 1.8% (2011)
Life expectancy 65 years (2010)
Adult literacy 56% (2005/2010)
% of population living on less than $2 a day 60.98% (2011)
Inequality of wealth distribution (Gini index)

30.02 (2008)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:4
Civil Liberties:5 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

64.85% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 9% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Islamabad: 209th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

0.9456 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2013:
  • COUNTRY WINNERS Habib Bank (National, 2013)
2012:
  • COUNTRY WINNERS National Bank of Pakistan (National, 2012)
2011:
  • COUNTRY WINNERS Habib Bank (National, 2011)
2010:
  • COUNTRY WINNERS Habib Bank (National, 2010)
2009:
  • COUNTRY WINNERS Habib Bank (National, 2009)

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2012)
  • COUNTRY WINNERS / Best Consumer Internet Banks Standard Chartered (Amando M. Tetangco Jr., 2012)
2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks Standard Chartered (Julio Velarde Flores, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)
2010:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)
2009:
  • COUNTRY WINNERS / Best Consumer Internet Banks Citi (National, 2009)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2009)

WORLD'S BEST ISLAMIC FINANCE INSTITUTIONS

2012:
  • COUNTRY WINNERS Meezan Bank (Amando M. Tetangco Jr., 2012)
2011:
  • COUNTRY WINNERS Meezan Bank (2011)
2010:
  • COUNTRY WINNERS Meezan Bank (National, 2010)
2009:
  • COUNTRY WINNERS Meezan Bank (National, 2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS HBL Pakistan (National, 2012)
2011:
  • COUNTRY WINNERS National Bank of Pakistan (National, 2011)
2010:
  • COUNTRY WINNERS Habib Bank (National, 2010)
2009:
  • COUNTRY WINNERS Habib Bank (National, 2009)

WORLD'S BEST SUB CUSTODIANS

2012:
  • COUNTRY WINNERS Deutsche Bank (National, 2012)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS Standard Chartered (Global, 2013)
2012:
  • COUNTRY WINNERS Standard Chartered (2012)
2011:
  • COUNTRY WINNERS Standard Chartered Bank (National, 2011)
  • COUNTRY WINNERS Standard Chartered (National, 2011)
2010:
  • COUNTRY WINNERS Standard Chartered Bank (Latin America, 2010)
2009:
  • COUNTRY WINNERS Habib Bank (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE