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2019 – A year for positive momentum (Facts & Figures)

Pakistan: Economic Targets & Projections
Details FY18 FY19
Target SBP Projections
Percent growth
Real GDP 5.8 6.2 4.7 – 5.2
CPI (average) 3.9 6 6.5 – 7.5
Billion US$
Remittances 19.6 21.2 20.0 – 21.0
Exports (fob) 24.8 27.9 27.0 – 28.0
Imports (fob) 55.8 58.5 59.5 – 60.5
Percent of GDP
Fiscal deficit 6.6 4.9 5.0 – 6.0
Current a/c deficit 5.8 4 5.0 – 6.0
Source: SBP
World Economic Outlook Projections (% change unless noted otherwise)
Details Year over Year
Estimate Projections April 2018 WEO Projections Q4 over Q4
Estimate Projections
2016 2017 2018 2019 2018 2019 2017 2018 2019
World Output 3.2 3.7 3.9 3.9 0 0 4 3.8 3.8
Advanced Economies 1.7 2.4 2.4 2.2 –0.1 0 2.6 2.4 1.9
United States 1.5 2.3 2.9 2.7 0 0 2.6 3 2.4
Euro Area 1.8 2.4 2.2 1.9 –0.2 –0.1 2.8 1.9 2
Germany 1.9 2.5 2.2 2.1 –0.3 0.1 2.9 2.1 1.9
France 1.1 2.3 1.8 1.7 –0.3 –0.3 2.8 1.4 1.8
Italy 0.9 1.5 1.2 1 –0.3 –0.1 1.6 0.9 1.2
Spain 3.3 3.1 2.8 2.2 0 0 3.1 2.5 2.2
Japan 1 1.7 1 0.9 –0.2 0 2 1 –0.6
United Kingdom 1.8 1.7 1.4 1.5 –0.2 0 1.3 1.5 1.5
Canada 1.4 3 2.1 2 0 0 3 2.1 1.9
Other Advanced Economies 2.3 2.7 2.8 2.7 0.1 0.1 2.9 2.9 2.7
Emerging Market and Developing Economies 4.4 4.7 4.9 5.1 0 0 5.2 5 5.4
Commonwealth of Independent States 0.4 2.1 2.3 2.2 0.1 0.1 1.5 2.4 2.1
Russia –0.2 1.5 1.7 1.5 0 0 1.1 2.2 1.9
Excluding Russia 1.9 3.6 3.6 3.7 0.1 0.1 . . . . . . . . .
Emerging and Developing Asia 6.5 6.5 6.5 6.5 0 –0.1 6.7 6.5 6.5
China 6.7 6.9 6.6 6.4 0 0 6.8 6.5 6.3
India 7.1 6.7 7.3 7.5 –0.1 –0.3 7.5 7.4 7.8
ASEAN-5 4.9 5.3 5.3 5.3 0 –0.1 5.4 5.3 5.4
Emerging and Developing Europe 3.2 5.9 4.3 3.6 0 –0.1 6.1 2.1 5.9
Latin America and the Caribbean –0.6 1.3 1.6 2.6 –0.4 –0.2 1.7 1.7 2.6
Brazil –3.5 1 1.8 2.5 –0.5 0 2.2 2.3 2.4
Mexico 2.9 2 2.3 2.7 0 –0.3 1.5 2.8 3
Middle East, North Africa, Afghanistan, and Pakistan 5 2.2 3.5 3.9 0.1 0.2 . . . . . . . . .
Saudi Arabia 1.7 –0.9 1.9 1.9 0.2 0 –1.4 2.8 2
Sub-Saharan Africa 1.5 2.8 3.4 3.8 0 0.1 . . . . . . . . .
Nigeria –1.6 0.8 2.1 2.3 0 0.4 . . . . . . . . .
South Africa 0.6 1.3 1.5 1.7 0 0 1.9 1.5 1.1
Memorandum
Low-Income Developing Countries 3.5 4.7 5 5.3 0 0 . . . . . . . . .
World Growth Based on Market Exchange Rates 2.5 3.2 3.3 3.3 –0.1 0 3.4 3.2 3.1
World Trade Volume (goods and services) 2.2 5.1 4.8 4.5 –0.3 –0.2 . . . . . . . . .
Advanced Economies 2.2 4.2 4.3 4 –0.5 –0.2 . . . . . . . . .
Emerging Market and Developing Economies 2.2 6.7 5.7 5.4 0.2 0 . . . . . . . . .
Commodity Prices (U.S. dollars)
Oil –15.7 23.3 33 –1.8 15 4.7 19.6 22.5 –6.4
Nonfuel (average based on world commodity export weights) –1.5 6.8 6 0.5 0.4 0 1.9 7.6 –0.3
Consumer Prices
Advanced Economies 0.8 1.7 2.2 2.2 0.2 0.3 1.7 2.4 2.2
Emerging Market and Developing Economies 4.3 4 4.4 4.4 –0.2 0.1 3.5 4 3.7
London Interbank Offered Rate (percent)
On U.S. Dollar Deposits (six month) 1.1 1.5 2.6 3.5 0.2 0.1 . . . . . . . . .
On Euro Deposits (three month) –0.3 –0.3 –0.3 –0.1 0 –0.1 . . . . . . . . .
On Japanese Yen Deposits (six month) 0 0 0 0.1 0 0 . . . . . . . . .

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Automobile Production In Pakistan
Growth
FY16 FY17 FY18 FY17 FY18
All Cars 179,944 186,936 217,774 3.9 16.5
Cars <800 cc 66,957 57,842 69,078 -13.6 19.4
Cars between 800-1000 cc 26,276 35,313 49,848 34.4 41.2
Cars >1000cc 86,711 93,781 98,848 8.2 5.4
Trucks 5,666 7,712 9,187 36.1 19.1
Buses 1,070 1,118 784 4.5 -29.9
Light commercial vehicles 35,836 24,265 29,055 -32.3 19.7
Sports utility vehicles 773 3,530 13,364 356.7 278.6
Tractors 34,914 53,975 71,894 54.6 33.2
Motorbikes 1,362,096 1,632,965 1,926,688 19.9 18.0

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