Pakistan: Economy | Asian Development Bank

Pakistan: Economy

Growth accelerated in FY2017 (ended 30 June 2017), mainly on recovery in agriculture and stronger manufacturing. With higher global prices for oil and other commodities, inflation slightly exceeded the forecast. The projection for the current account deficit was surpassed by a wide margin because of a very large increase in imports. Foreign exchange reserves were drawn down to fill a financing gap. For FY2018, projections for growth and inflation are maintained, but the current account deficit is expected to exceed the earlier forecast again by a wide margin. Read more on the outlook for Pakistan in the Asian Development Outlook 2017 Update


Economic forecasts for South Asian countries

Country 2017f 2018f
Afghanistan 2.5 3.0
Bangladesh 7.2 6.9
Bhutan 6.9 8.0
India 7.0 7.4
Maldives 4.2 4.4
Nepal 6.9 4.7
Pakistan 5.3 5.5
Sri Lanka 4.5 5.0
Average 6.7 7.0
Country 2017f 2018f
Afghanistan 5.5 5.8
Bangladesh 5.4 6.0
Bhutan 4.3 5.4
India 4.0 4.6
Maldives 3.1 2.8
Nepal 4.5 6.5
Pakistan 4.2 4.8
Sri Lanka 7.0 4.0
Average 4.2 4.7
Country 2017f 2018f
Afghanistan 2.2 0.2
Bangladesh –0.6 –1.5
Bhutan –25.5 –22.8
India –1.3 –1.5
Maldives –16.4 –15.2
Nepal –0.4 –2.2
Pakistan –4.0 –4.2
Sri Lanka –3.5 –2.5
Average –1.6 –1.8

f = forecast number.

Source: Asian Development Outlook 2017 Update