Cost of Living Worldwide

Cost of Living Worldwide

The OECD defines a cost of living index (COLI) as an index that measures the change in the minimum expenditures that would be incurred by a utility-maximizing consumer, whose preferences or tastes remain unchanged, in order to maintaining a given level of utility (or standard of living or welfare).

 
 
Source
Central bank

State Bank of Pakistan

International Reserves

US$ 7.651 billion (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 241 billion (2014 estimate)

GDP (Purchasing Power Parity)

602 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
4.9% 7.4% 9.0% 5.8% 5.5% 5.0% 0.4% 2.6%
2011 2012 2013 2014*        
3.7% 4.4% 3.6% 3.1%        

*Estimate

GDP per capita - current prices

US$ 1,296 (2014 estimate)

GDP per capita - PPP

$3,231 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.45% 0.59% 0.62% 0.65% 0.66%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 25.3% 
  • industry: 21.6% 
  • services: 53.1% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 2012 2013 2014*
13.7% 11.0% 7.4% 8.8%

*Estimate

Unemployment rate
2011 2012 2013 2014*
6.0% 6.5% 6.7% 6.9%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
61.5% 59.5% 63.8% 63.1% 63.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-5.9% -6.9% -8.4% -7.8% -5.3%

*Estimate  

Government bond ratings

Standard & Poor's: B-

Moody's rating: Caa1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$38.17 billion US$NA US$NA

*2010 Estimate     **2012 Estimate  

Largest companies in Pakistan

Oil & Gas Development, Pakistan State Oil

 
 
Source
Current account balance

US$ -2.079 billion (2014 estimate)

Current account balance by percentage of GDP

-0.861% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

12.7% (2013)

 

Shares in world total merchandising export

0.13% (2012)

Shares in world total commercial services export

0.07% (2012)

Total exports

US$25.050 billion (2013 estimate) 

Export commodities

textiles (garments, bed linen, cotton cloth, yarn), rice, leather goods, sports goods, chemicals, manufactures, carpets and rugs

Total imports

US$39.270 billion (2013 estimate) 

 
 
Source
Import commodities

petroleum, petroleum products, machinery, plastics, transportation equipment, edible oils, paper and paperboard, iron and steel, tea

Exports - major partners

US 13.6%, China 11.1%, UAE 8.5%, Afghanistan 7.8% (2012)

Imports - major partners

China 19.7%, Saudi Arabia 12.3%, UAE 12.1%, Kuwait 6.3% (2012)

FDI inflows
2011 2012 2013
US$1,326 million US$859 million US$1,307 million  
FDI outflows
2009 2010 2011  
US$62 million US$82 million US$237 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$-13 million US$0 US$0 US$2 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (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 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(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 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 110 out of 189 countries (2013)

Subcategories:

Starting a business: 105 out of 189 countries

Enforcing Contracts: 158 out of 189 countries

Registering Property: 125 out of 189 countries

Getting credit: 73 out of 189 countries

Protecting investors: 34 out of 189 countries

Trading across border: 91 out of 189 countries

Paying Taxes: 166 out of 189 countries

Dealing with Construction Permits: 109 out of 189 countries

Getting Electricity: 175 out of 189 countries

Resolving Insolvency: 71 out of 189 countries

(2013)

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

129

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 126 Score: 55.2 (Mostly Unfree) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+5

Total area

796,095 sq km

Capital

Islamabad

Currency

Pakistani rupees (PKR)

Government type

federal republic

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 (official) 96.4% (Sunni 85-90%, Shia 10-15%), other (includes Christian and Hindu) 3.6% (2010 est.)

Total population
1990 2000 2010 2014* 2019**
108.4  million 137.53 million 171.73 million 186.289 million 205.038 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
22.1% 28% 33% 38%
Population median age

 22.6 years (2014 est.)

Population growth rate

1.49% (2014 est.)

Life expectancy

67.05 years (2014 estimate)

Adult literacy

54.9% (2009 estimate)

% of population living on less than $2 a day

50.7% (2011)

Inequality of wealth distribution (Gini index)

29.6 (2011)
(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 4
Civil Liberties: 5 (2014)

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

Total telephone subscribers as % of population

Fixed 3.5%   Mobile 70.1% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

10.90% (2013)

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 208th (2014)

CO2 emissions(Metric tons of CO2 per capita)

0.9 (2010)

World's Best Developed & Emerging Markets Banks

World's Best Islamic Financial Institutions

World's Best Global Banks

Best Risk Management Providers - Insurance & Derivatives

World's Best Internet Banks

World’s Best Treasury & Cash Management Providers

World's Best Subcustodian Banks

World’s Best Foreign Exchange Providers

World's Best Banks By Region

World's Best Banks

2010

World’s Best Trade Finance Banks

Best of…

Additional Awards