Current Account in Pakistan
Pakistan - Current Account (billions of U.S. Dollars)Economic activity is expected to have slowed further in Q3 FY 2022 (January–March 2022), after likely losing some impetus in Q2 FY 2022. In Q3, the economy was hampered by elevated Covid-19 cases in January–February weighing on consumer sentiment. Moreover, workers’ remittances declined year on year in January–February. Nevertheless, industrial production growth averaged higher in January–February relative to the previous quarter. Moreover, remittances rebounded robustly in March, which should have cushioned the blow to consumer spending somewhat at the tail end of the quarter. Finally, export growth also averaged higher in Q3, which should have kept the economy expanding at relatively briskly. In politics, former Prime Minister Imran Khan lost a no-confidence vote in parliament in early April. Shehbaz Sharif was appointed as interim PM until general elections take place in late 2022.
Pakistan - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-2.8||-4.9||-12.6||-19.9||-13.5|
5 years of economic forecasts for more than 30 economic indicators.
Pakistan Current Account (USD bn) Chart
Source: State Bank of Pakistan
|Bond Yield||11.00||0.0 %||Jan 01|
|Exchange Rate||154.9||-0.05 %||Jan 01|
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