SAARC ECONOMIC ZONE

S.KAMAL HAYDER KAZMI,
(feedback@pgeconomist.com)
Research Analyst
, PAGE
Jan 31 - Feb 6, 2011

SAARC SUMMITS

NO. LOCATION DATE
1st Dhaka 7-8 December 1985
2nd Bangalore 16-17 November 1986
3rd Kathmandu 2-4 November 1987
4th Islamabad 29-31 December 1988
5th Malé 21-23 November 1990
6th Colombo 21 December 1991
7th Dhaka 10-11 April 1993
8th New Delhi 2-4 May 1995
9th Malé 12-14 May 1997
10th Colombo 29-31 July 1998
11th Kathmandu 4-6 January 2002
12th Islamabad 2-6 January 2004
13th Dhaka 12-13 November 2005
14th New Delhi 3-4 April 2007
15th Colombo 1-3 August 2008
16th Thimphu 28-29 April 2010
7th Malé November 2011 (Planned)

INDIA: ECONOMY

GDP $1.501 trillion (nominal: 11th; 2010)
GDP growth 8.9% (2010, Q2)
GDP per capita $1,124 (nominal: 142th; 2009)
Inflation (CPI) 8.43% (December 2010)
Labour force 467 million (2nd; 2009)
Exports $201 billion (22nd; 2010)
Imports $327 billion (11th; 2010)
FDI stock $191.1 billion (23rd; 2010)
Gross external debt $237.1 billion (2010 est.)
Public debt 3,495,152 crore (US$758.45 bn) (2009–10)
Revenues $129.8 billion (2009 est.)
Expenses $214.6 billion (2009 est.)
Economic aid $1.724 billion (2005)
Foreign reserves $300 billion (6th; Nov 2010)

NEPAL

GDP $31.09 billion (2008 est.)
GDP growth 5.6% (2008 est.)
GDP per capita $1,400 (2003 est.)
Inflation (CPI) 2.9% (January 2002)
Population below poverty line 42% (1995-96 est.)
Exports $868 million(2008)
Imports $3.229 billion f.o.b. (2008)
Public debt 2.7 billion (2001)
Revenues 1.7 billion (FY 2008)
Expenses 2.3 billion (FY 2008)

AFGHANISTAN

GDP $14.04 billion (2009 est.)
GDP growth 15.1% (2009 est.)
GDP per capita $1,000 (2009 est.)
Inflation (CPI) 30.5% (2009)
Labor force 15 million (2004)
Unemployment 35% (2008)
Exports $2.128 billion (2009)
Imports $8.550 billion (2009)
Public debt $2.7 billion (2008)
Revenues $2.587 billion (2009)

BANGLADESH

GDP $256 billion (2010 est. PPP)
GDP growth 5.7% (2009 est.)
GDP per capita $1,600 (2009 est. PPP)
Inflation (CPI) 5.4% (2009 est.)
Labour force 72.35 million (2009 est.)
Unemployment 5.1% (2009 est.)
Exports $16.7 billion (2009-2010)
Imports $24 billion (2009-2010)
Gross external debt $19.23 billion (31 Dec 2008 est.)
Public debt $1.2 billion (June 2005 est.)
Revenues $14.1 billion (2008-2009 est.)
Expenses $25.8 billion (2008-2009 est.)
Economic aid $.975 billion (2000 est.)

SRI LANKA

GDP $48,241 billion (2010 IMF est.)
GDP growth 8.2% (2010)
GDP per capita $5,300 (2010 est.)
Inflation (CPI) 3.4% (2009 est.)
Labour force 8.1 million (2009 est.)
Exports $7 billion (2009 est.)
Imports $9.6 billion (2009 est.)
Gross external debt $19.45 billion (31 Dec 2009 est.)
Public debt 82.9% of GDP (2009 est.)
Revenues $6.224 billion (2009 est.)
Expenses $9.801 billion (2009 est.)
Economic aid $808 million (2006)
Foreign reserves $5.2 billion (30 Nov 2009 est.)

MALDIVES

INDICATORS 2009 2010 2011
RGDP (1995 constant prices) Rf mn. 10401.5 10898.6 11335.1
Total revenue and grants Rf mn. 5734.8 6593.7 8905.0
Net foreign assets Rf mn. -1338.7 693.0 -
Current Account (US$ mn) -418.7 -462.7 -647.4
Gross international reserves (US$ mn) 261.0 349.9 300.1
Total external debt outstanding & disbursed (US$ mn) 933.4 943.3 -

BHUTAN: FISCAL PROJECTION (IN MILLIONS NGULTRUM)

INDICATORS 2008/09
ACTUAL
2009/10 REVISED
ESTMT.
2010/11
ESTIMATE
2011/12
PROJCTN.
2012/13
PROJCTN.
Total Resources 23,442.998 26,361.149 26,774.538 27,369.586 26,891.839
Domestic Revenue 14,049.040 15,370.223 15,816.334 16,607.151 17,437.508
Grants 6,575.069 10,423.369 10,905.138 10,762.435 9,454.331
Other Receipts 2,818.889 567.557 53.066 0.000 0.000
Outlay(total expenditure + net lending) 22,350.537 30,451.645 31,579.745 31,917.408 33,964.312
Total Expenditure 20,890.577 31,568.781 32,420.364 32,732.960 35,529.110
Net Lending (NL) -1,580.301 -1,117.136 -840.619 -815.550 -1,564.800
Fiscal Balance 1,092.461 -4,090.496 -4,805.207 -4,547.822 -7,072.473

SAARC: OBSERVERS

Australia China
 Burma EU
 Iran Japan
 Mauritius S.Korea
United States

PAK: INTEREST RATES

DATE RATE (%)
1-Aug-07 10
31-Jan-08 10.5
23-May-08 12
30-Jul-08 13
13-Nov-08 15
15-Aug-09 13
25-Nov-09 12.5
Aug-10 13.00
0ct-10 13.50
Nov-10 14.00

SAARC: ACTIVITIES FOR JANUARY 2011

MEETING DATE VENUE
Fourth Meeting of SAARC Working Group on Tourism 12-01-2011 Kathmandu(Nepal)
Third Meeting of SAARC Tourism Ministers 13-01-2011 Kathmandu(Nepal)
Expert Group Meeting on Electricity (SAME). 18-01-2011 Udaipur(India)
Workshop on concept paper of Inter-Governmental Framework Agreement for Energy Cooperation. 19-01-2011 Udaipur(India)
Symposium on Grid Operation & Grid Management. 20-01-2011 Udaipur(India)

GDP RATE IN PAKISTAN

YEAR PER CENT
2006-07 6.8
2007-08 5.8
2008-09 2.4
2009-10 2.4
2010-11 2-3

PAKISTAN: BALANCE OF TRADE (US mn $)

PERIOD EXPORTS VALUE IMPORTS VALUE BOT
2005-06 16,553 24,994 -8,441
2006-07 17,278 26,989 -9,711
2007-08 20,427 35,397 -14,970
2008-09 19,121 31,747 -12,627
2009-10 19,632 31,054 -11,422
Jul-10 1,660 2,917 -1,256
Aug-10 1,810 2,921 -1,111
Sep-10 1,775 2,366 -598
Oct-10 1,835 2,609 -774
Nov-10 1,958 2,748 -790

CORE INFLATION OF CPI IN PAK 2010 (%)

MONTHS TRIMMED NON-FOOD & NON ENERGY
Jan 12.7 10.3
Feb 12.4 10.1
Mar 12.7 9.9
Apr 12.7 10.6
May 12.5 10.3
Jun 11.7 10.4
Jul 12.0 10.3
Aug 12.5 9.8
Sep 12.8 9.4
Oct 12.8 9.3
Nov 13.4 9.5
change over corresponding month of last year