Pakistan: Economy

Growth accelerated in FY 2016, benefitting from major economic reforms and improved security. Low oil prices helped slow inflation markedly and keep the current account deficit moderate despite weaker exports. The outlook is for higher growth, with inflation and current account deficit edging up on higher oil prices and substantial imports for a major investment project. Continued economic reform is essential to reach a high growth trajectory. Read more from Asian Development Outlook 2017


Economic forecasts for South Asian countries

Country 2017f 2018f
Afghanistan 2.5 3.0
Bangladesh 6.9 6.9
Bhutan 8.2 9.9
India 7.4 7.6
Maldives 3.8 4.1
Nepal 5.6 5.4
Pakistan 5.2 5.5
Sri Lanka 5.0 5.0
Average 7.0 7.2
Country 2017f 2018f
Afghanistan 5.5 5.8
Bangladesh 6.1 6.3
Bhutan 4.9 5.4
India 4.0 4.6
Maldives 2.1 2.3
Nepal 6.0 6.5
Pakistan 4.0 4.8
Sri Lanka 6.0 6.0
Average 4.2 4.7
Country 2017f 2018f
Afghanistan 1.4 –0.2
Bangladesh –1.0 –0.7
Bhutan –27.4 –22.8
India –1.3 –1.5
Maldives –18.9 –19.1
Nepal –1.6 –3.2
Pakistan –2.1 –2.5
Sri Lanka –2.2 –2.2
Average –1.4 –1.6

f = forecast number.

Source: Asian Development Outlook 2017