Pakistan Current Account to GDP

Pakistan recorded a Current Account deficit of 1.10 percent of the country's Gross Domestic Product in the fiscal year 2012/13. Current Account to GDP in Pakistan is reported by the State Bank of Pakistan. Current Account to GDP in Pakistan averaged -2.29 Percent from 1980 until 2013, reaching an all time high of 4.90 Percent in 2003 and a record low of -8.50 Percent in 2008. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Pakistan Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-1.10 -2.10 4.90 -8.50 -0.97 | 2014/06 1980 - 2013 Percent Yearly

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Pakistan Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account -551.00 2013-11-15 -1206.00 1418.00 -4213.00 -803.29 2014-06-30 USD Million [+]
Current Account to GDP -1.10 2013-06-30 -2.10 4.90 -8.50 -0.97 2014-06-30 Percent [+]
External Debt 59383.00 2013-12-31 60431.00 66451.00 33172.00 57087.31 2014-06-30 USD Million [+]
Remittances 3863.00 2013-11-15 3927.00 3927.00 906.00 4305.77 2014-06-30 USD Million [+]
Terms of Trade 53.97 2013-05-15 53.91 94.83 49.17 53.24 2014-06-30 Index Points [+]
Balance of Trade -136634.00 2014-03-15 -150556.00 6457.00 -218835.00 -175439.11 2014-06-30 PKR Million [+]
Exports 226288.00 2014-03-15 227615.00 275917.00 51.00 250900.30 2014-06-30 PKR Million [+]
Imports 362922.00 2014-03-15 378171.00 435995.00 96.00 419249.62 2014-06-30 PKR Million [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Pakistan Inflation Rate Up To 8.5% in March  
Pakistan annual inflation rate increased to 8.5 percent in March of 2014, from 6.6 a year earlier and 7.9 percent recorded in February of 2014, as food, housing, water, electricity and gas prices edged up.
Pakistan Trade Deficit Narrows in February  
Trade deficit in Pakistan decreased in February of 2014 to PKR -150 billion from PKR -151 billion a year earlier and PKR -218 billion in January of 2014. On a monthly basis, exports rose by PKR 10 billion and imports dropped by PKR 57 billion.
Pakistan Central Bank Leaves Benchmark Rate on Hold at 10%  
In its March 15th, 2014 meeting, Pakistan's Central Bank left the discount rate unchanged at 10 percent. Although consumer prices slowed for the third straight month in February and foreign exchange reserves increased noticeably, the economy still faces many challenges and a pro-active policy effort is required to continue to maintain the momentum.
Pakistan Inflation Rate Almost Unchanged in February  
Pakistan annual inflation rate accelerated to 7.93 percent in February of 2014, compared to 7.91 percent in the previous month.
Pakistan Inflation Rate Slows in January  
In January of 2014, Pakistan inflation rate slowed for the second straight month to 7.9 percent after reaching a two-digit rate in November of 2013.
Pakistan Trade Deficit Narrows in December on Higher Rice Sales  
In December of 2013, Pakistan trade deficit decreased 30.73 over a month earlier to PKR 137.56 billion. Compared with the same month last year, the trade deficit narrowed 16.9 percent mainly due to a drop in imports and a surge in rice sales.
Pakistan Leaves Rate on Hold in January  
In its January, 2014 meeting, the State Bank of Pakistan decided to leave the policy rate unchanged at 10 percent, as the Board considers inflation expectations are lower than previously anticipated.
Pakistan Inflation Rate Falls in December  
In December of 2013, Pakistan’s inflation rate slowed to an annual 9.2 percent, compared to 10.9 percent in the previous month, due to a slowdown in food prices. A year earlier, the inflation was recorded at 7.9 percent.
Pakistan Trade Deficit Increases in November  
In November of 2013, Pakistan trade deficit rose to PKR 198.6 billion, from PKR 150.5 billion in October and PKR 164.3 billion a year earlier, as purchases of petroleum and medical products boosted imports.
Pakistan Inflation Rate Hits Double-Digit in November  
In November of 2013, Pakistan annual inflation rate rose sharply to 10.9 percent, from 9.08 percent in September, boosted by higher food prices.
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