Pakistan Country profile

pakistan_country_profile.jpg

Pakistan – January 2020

Pakistan lags behind most Middle East and North African countries on measures of per capita income and creditworthiness. Infrastructure investments through projects in the China-Pakistan Economic Corridor (CPEC) supports a stronger growth outlook than regional countries, while measures of the business climate are in line with peers. The government’s securing of a 39-month US$6 billion Extended Fund Facility (EFF) arrangement in July 2019 will support external financing needs and the government’s reform agenda. But weak public and external finances and rising geopolitical tensions remain key risks to the outlook.

Figure
This chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate and creditworthiness. Per capita income is in current US dollars between 2019 and 2024 as provided by the IMF. Annual GDP growth is the average between 2019 and 2024. Business climate is measured by the World Bank’s Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country's ability to honour its external debt obligations and is measured by its OECD country credit risk rating. The chart shows not only how a country performs on the four dimensions, but how it measures up against other comparable countries.