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Pakistan's economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

Pakistan ranked 44/197 by economy size with a GDP of $373B and 163/197 by GDP per capita at $1,485. Pakistan has $261B in government debt, with a debt-to-GDP ratio of 73.6%.

In 2025, Pakistan made up 0.34% of the world's economy, compared to 0.27% in 1960.

The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.

GDP, current $
GDP, constant 2015 $
GDP growth
Year GDP GDP growth
Current $ Constant $
1960 $3,749,265,015 $18,921,911,099 -
1961 $4,118,647,627 $20,054,831,466 9.85%
1962 $4,310,163,797 $20,953,861,209 4.65%
1963 $4,630,827,383 $22,774,506,906 7.44%
1964 $5,204,955,901 $24,498,481,839 12.4%
1965 $5,929,231,415 $27,051,068,282 13.9%
1966 $6,561,108,778 $28,617,312,098 10.7%
1967 $7,464,510,710 $30,162,822,260 13.8%
1968 $8,041,999,160 $32,344,565,831 7.74%
1969 $8,683,116,338 $34,126,072,054 7.97%
1970 $10,027,509,450 $38,000,562,581 15.5%
1971 $10,665,896,682 $38,178,546,784 6.37%
1972 $9,415,016,360 $38,489,093,529 -11.7%
1973 $6,383,429,490 $41,208,064,652 -32.2%
1974 $8,899,191,919 $42,666,909,142 39.4%
1975 $11,230,606,061 $44,463,790,023 26.2%
1976 $13,168,080,808 $46,756,427,335 17.3%
1977 $15,126,060,606 $48,602,230,016 14.9%
1978 $17,811,515,152 $52,513,996,839 17.8%
1979 $19,688,383,838 $54,487,701,575 10.5%
1980 $23,654,444,444 $60,054,003,904 20.1%
1981 $28,100,606,061 $64,810,739,569 18.8%
1982 $30,725,971,564 $69,047,733,113 9.34%
1983 $28,691,889,764 $73,728,049,698 -6.62%
1984 $31,151,825,467 $77,462,527,004 8.57%
1985 $31,144,920,844 $83,343,570,902 -0.02%
1986 $31,899,070,056 $87,928,845,525 2.42%
1987 $33,351,529,275 $93,602,316,255 4.55%
1988 $38,472,742,808 $100,739,753,814 15.4%
1989 $40,171,106,279 $105,736,212,788 4.41%
1990 $40,010,423,970 $110,450,553,630 -0.4%
1991 $45,625,336,680 $116,041,083,242 14%
1992 $48,884,671,947 $124,983,090,543 7.14%
1993 $51,809,999,353 $127,179,977,940 5.98%
1994 $52,293,470,813 $131,933,222,221 0.93%
1995 $60,636,071,684 $138,480,552,374 16%
1996 $63,320,170,084 $145,192,124,912 4.43%
1997 $62,433,340,468 $146,664,948,035 -1.4%
1998 $62,191,955,814 $150,405,247,843 -0.39%
1999 $62,973,857,069 $155,910,279,561 1.26%
2000 $99,484,802,345 $162,552,194,689 58%
2001 $97,145,618,480 $168,487,544,527 -2.35%
2002 $97,923,302,809 $172,859,487,444 0.8%
2003 $112,371,913,741 $182,196,165,734 14.8%
2004 $132,216,048,339 $196,464,413,111 17.7%
2005 $145,208,562,961 $210,760,292,372 9.83%
2006 $161,871,385,506 $223,514,741,631 11.5%
2007 $184,140,869,997 $233,449,556,918 13.8%
2008 $202,203,748,584 $238,399,717,139 9.81%
2009 $187,337,783,856 $246,678,267,936 -7.35%
2010 $196,709,621,850 $250,382,678,708 5%
2011 $230,586,581,060 $257,093,227,080 17.2%
2012 $250,106,966,105 $264,876,940,259 8.47%
2013 $258,657,231,672 $276,443,758,788 3.42%
2014 $271,390,474,858 $287,823,367,553 4.92%
2015 $299,963,590,535 $299,963,590,535 10.5%
2016 $313,630,000,130 $319,682,711,891 4.56%
2017 $339,205,534,861 $333,853,050,598 8.15%
2018 $356,128,166,705 $354,390,697,428 4.99%
2019 $320,909,472,771 $363,242,090,362 -9.89%
2020 $300,425,609,818 $358,614,068,499 -6.38%
2021 $348,516,647,445 $381,973,779,235 16%
2022 $374,890,295,667 $400,224,894,619 7.57%
2023 $337,885,531,778 $400,065,449,136 -9.87%
2024 $373,071,855,732 $413,006,704,003 10.4%

Economic Statistics of Pakistan

Pakistan Rank
Gross domestic product
$373B
2024
44/197
GDP growth
10.4%
2023-2024
33/196
GDP per capita
$1,485
2024
163/197
GDP per capita, PPP
$6,287
2024
150/197
Government debt
$261B
2024
35/185
Debt-to-GDP ratio
73.6%
2025
49/185
Government debt per person
$1,040
2024
141/185
Average annual personal income after taxes
$1,459
2025
186/197
Listed domestic companies
530
2024
16/103
Market capitalization of domestic companies
$52.1B
2024
49/100
Income share by richest 10%
25.5%
2018
111/169
Income share by poorest 10%
4.2%
2018
9/169
Government expenditure, % of GDP
21.6%
2025
150/195
Consumer prices inflation
12.6%
2023-2024
22/195
Central bank interest rate
11%
2025
22/105
Unemployment rate
6.34%
2021
77/196
Population
258497127
5/197

Pakistan's GDP per capita

Pakistan has a GDP per capita of $1,485, ranking 163/197, a GDP per capita based on purchasing power parity (PPP) of $6,287, ranking 150/197, and a median annual after tax income of $1,459, ranking 186/197.

GDP per capita
GDP per capita, PPP
Year Current $
GDP per capita GDP per capita, PPP
1960 $82 -
1961 $87.8 -
1962 $89.5 -
1963 $93.7 -
1964 $102.5 -
1965 $113.6 -
1966 $122.2 -
1967 $135.2 -
1968 $141.6 -
1969 $148.5 -
1970 $166.7 -
1971 $172.5 -
1972 $148.1 -
1973 $97.5 -
1974 $132 -
1975 $161.7 -
1976 $183.9 -
1977 $204.7 -
1978 $233.4 -
1979 $249.2 -
1980 $287.4 -
1981 $328 -
1982 $345 -
1983 $311 -
1984 $327 -
1985 $317 -
1986 $314 -
1987 $317 -
1988 $354 -
1989 $358 -
1990 $344 $1,895
1991 $380 $1,992
1992 $396 $2,132
1993 $408 $2,160
1994 $400 $2,224
1995 $451 $2,315
1996 $457 $2,401
1997 $438 $2,398
1998 $424 $2,419
1999 $418 $2,475
2000 $642 $2,565
2001 $610 $2,644
2002 $600 $2,688
2003 $672 $2,822
2004 $772 $3,048
2005 $828 $3,293
2006 $901 $3,515
2007 $998 $3,672
2008 $1,067 $3,721
2009 $964 $3,777
2010 $987 $3,786
2011 $1,132 $3,880
2012 $1,204 $4,047
2013 $1,225 $4,174
2014 $1,267 $4,313
2015 $1,380 $4,480
2016 $1,425 $4,631
2017 $1,519 $4,790
2018 $1,569 $4,979
2019 $1,390 $5,038
2020 $1,278 $5,048
2021 $1,455 $5,367
2022 $1,538 $5,920
2023 $1,365 $6,037
2024 $1,485 $6,287

Pakistan's government spending, deficit, and chart

This chart shows Pakistan's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 50 years, Pakistan recorded a fiscal deficit in 50 years — average annual deficit equal to -6.36% of GDP. In 2024, government spending reached $72.3B (21.6% of GDP), with a deficit of -5.62%.

The national debt reached $261B, ranking 35th out of 185 countries by total size, with a debt-to-GDP ratio of 73.6%, ranking 49th.

Government spending
Government debt
Deficit/surplus
Year % of GDP
Government spending Government debt Government deficit/surplus
1950 5.55% - -1.24%
1951 5.09% 12.4% 0.63%
1952 7.55% 14.6% -0.73%
1953 8.47% 15.6% -2.66%
1954 9.4% 17.7% -3.18%
1955 8.16% 16.9% -2%
1956 8.27% 17.8% -2.36%
1957 7.92% 19.9% -2.21%
1958 10.7% 21.5% -4.2%
1959 11.7% 20.1% -3.71%
1960 10% 19.5% -3.83%
1961 10.6% 19.6% -4.6%
1962 11.8% 16.6% -3.39%
1963 14.7% 19.2% -6.55%
1964 12.1% 21.3% -4.89%
1965 11.2% 22.7% -3.28%
1966 12.2% 25.1% -4.48%
1967 12.9% 25.9% -4.27%
1968 13.7% 27.5% -5.56%
1969 15.6% 29.1% -7.08%
1970 23.6% 31.6% -10.8%
1971 22.1% 33.2% -7.45%
1972 13.5% 88.7% -3.16%
1973 13.9% 43.4% -3.99%
1974 15.3% 38% -4.45%
1975 20.4% 32.1% -8.97%
1976 21% 35.8% -9.05%
1977 20.4% 36.4% -8.74%
1978 25.5% 36.1% -12.4%
1979 25.3% 36.8% -11.6%
1980 22% 33.3% -5.32%
1981 21.6% 29.7% -5.83%
1982 24.5% 33.8% -8.24%
1983 24.8% 33.6% -7.55%
1984 25.4% 33.4% -8.9%
1985 28.3% 37% -10.6%
1986 27.6% 43.1% -9.79%
1987 29.5% 44.4% -11.7%
1988 27.9% 45% -9.35%
1989 26.1% 46.6% -7.01%
1990 23.9% 48.3% -11.9%
1991 21.4% 55.8% -10.8%
1992 22.6% 53.3% -11.3%
1993 17% 57.9% -5.53%
1994 14.5% 58.5% -3.63%
1995 14% 52.3% -3.9%
1996 15% 52.5% -4.33%
1997 13.7% 52.8% -3.87%
1998 14.1% 53.8% -4.46%
1999 13.2% 60.7% -3.07%
2000 13.8% 61.7% -3.21%
2001 12.9% 65.1% -2.45%
2002 14.4% 60.5% -2.64%
2003 12.9% 56.3% -0.12%
2004 12.1% 50.6% -1.29%
2005 13% 47.9% -2.29%
2006 14.5% 46.2% -2.79%
2007 16.1% 44.2% -4.23%
2008 18% 49.5% -5.94%
2009 17.3% 54.6% -4.53%
2010 18.3% 56.7% -5.42%
2011 17.9% 56.2% -6.23%
2012 19.4% 58.4% -7.74%
2013 19.5% 59.2% -7.48%
2014 18.1% 58.8% -4.37%
2015 17.8% 59.1% -4.74%
2016 17.7% 62.1% -3.92%
2017 19.1% 62.1% -5.17%
2018 19.1% 66.3% -5.67%
2019 19.1% 78.7% -7.79%
2020 20.3% 80.8% -7.03%
2021 18.5% 74.7% -6.04%
2022 20% 77.3% -7.84%
2023 19.2% 78.2% -7.7%
2024 19.4% 70.1% -6.77%
2025 21.6% 73.6% -5.62%

Inflation rate by year

Over the past 20 years, Pakistan has had an average annual inflation rate of 10.8%. In 2024, inflation was 12.6%. The bar chart below shows consumer price inflation by year.

Year Inflation
1960 6.95%
1961 1.64%
1962 -0.52%
1963 1.46%
1964 4.18%
1965 5.57%
1966 7.23%
1967 6.81%
1968 0.17%
1969 3.19%
1970 5.35%
1971 4.73%
1972 5.18%
1973 23.1%
1974 26.7%
1975 20.9%
1976 7.16%
1977 10.1%
1978 6.14%
1979 8.27%
1980 11.9%
1981 11.9%
1982 5.9%
1983 6.36%
1984 6.09%
1985 5.61%
1986 3.51%
1987 4.68%
1988 8.84%
1989 7.84%
1990 9.05%
1991 11.8%
1992 9.51%
1993 9.97%
1994 12.4%
1995 12.3%
1996 10.4%
1997 11.4%
1998 6.23%
1999 4.14%
2000 4.37%
2001 3.15%
2002 3.29%
2003 2.91%
2004 7.44%
2005 9.06%
2006 7.92%
2007 7.6%
2008 20.3%
2009 13.6%
2010 12.9%
2011 11.9%
2012 9.68%
2013 7.69%
2014 7.19%
2015 2.53%
2016 3.77%
2017 4.09%
2018 5.08%
2019 10.6%
2020 9.74%
2021 9.5%
2022 19.9%
2023 30.8%
2024 12.6%

Balance of trade

Pakistan Rank
Current account balance
$557M
2024
59/189
Current account balance, % of GDP
+0.15%
2024
72/189
Goods imports
$55.7B
2024
51/188
Goods exports
$32.1B
2024
67/188
Service imports
$11.2B
2024
64/188
Service exports
$8.1B
2024
72/188
Imports of goods and services, % of GDP
17.1%
2024
173/180
Exports of goods and services, % of GDP
10.4%
2024
178/193

Pakistan's top 10 trading partners

Pakistan's biggest trading partner accounting for 20.7%% of all exports and imports is China, with a trade balance between the two of -$13.6B — Pakistan exports $2.38B worth of goods and services to China and imports $16B.

Below is the list of the top 10 trade partners of Pakistan.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 China $18.4B 20.7% $2.38B $16B Metals Machinery & equipment
2 UAE $7.43B 8.38% $1.76B $5.66B Textiles & consumer goods Raw materials & minerals
3 United States $7.21B 8.14% $5.61B $1.59B Textiles & consumer goods Textiles & consumer goods
4 Saudi Arabia $5.21B 5.88% $735M $4.47B Raw agricultural goods Raw materials & minerals
5 Qatar $3.88B 4.38% $140M $3.74B Machinery & equipment Raw materials & minerals
6 Indonesia $3.83B 4.33% $505M $3.33B Raw agricultural goods Processed food, beverages & tobacco
7 United Kingdom $2.68B 3.02% $2.15B $533M Textiles & consumer goods Metals
8 Germany $2.43B 2.75% $1.72B $711M Textiles & consumer goods Machinery & equipment
9 Afghanistan $2.17B 2.45% $1.51B $659M Raw agricultural goods Raw agricultural goods
10 Kuwait $2.01B 2.27% $125M $1.89B Animal & marine products Raw materials & minerals

Pakistan's top 10 exports

Pakistan Rank
Textiles & consumer goods $19.1B 18/193
Raw agricultural goods $5.87B 26/193
IT & IP services $2.66B 42/183
Business & finance services $1.92B 61/188
Transport & tourism services $1.84B 100/188
Raw materials & minerals $1.52B 98/193
Processed food, beverages & tobacco $1.45B 67/192
Animal & marine products $1.19B 51/192
Metals $1.15B 72/192
Chemicals & pharma $1.15B 70/193

Pakistan's top 10 imports

Pakistan Rank
Raw materials & minerals $20.1B 32/193
Machinery & equipment $11.8B 63/193
Chemicals & pharma $7.38B 51/193
Transport & tourism services $6.67B 57/188
Metals $4.34B 51/193
Raw agricultural goods $4.17B 34/193
Textiles & consumer goods $3.85B 56/193
Processed food, beverages & tobacco $3.82B 53/193
Business & finance services $1.96B 66/188
Wood & paper products $804M 71/193

Economic freedom indices

Pakistan Rank
Economic freedom 49.1 165/197
Property rights 29.2 145/182
Government integrity 28.4 145/182
Judicial effectiveness 28.9 145/182
Tax burden 78.3 98/181
Government spending 88.9 28/180
Fiscal health 8.1 163/181
Business freedom 51.5 131/182
Labor freedom 51.8 137/182
Monetary freedom 54.5 163/180
Trade freedom 69.8 99/181
Investment freedom 60 79/181
Financial freedom 40 123/181

Pakistan's economic freedom by year

Pakistan is ranked 151/180 for economic freedom with a score of 49.1, compared to 118/163 and a score of 53.3 in 2005.

Economic freedom
Judicial effectiveness
Tax burden
Government spending
Fiscal health
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
1995 57.6 - 59.1 82.1 -
1996 58.4 - 65 66.3 -
1997 56 - 67.5 71.2 -
1998 53.2 - 67.4 72.6 -
1999 53 - 78.5 70.6 -
2000 56.4 - 82.1 78.1 -
2001 56 - 82 90.3 -
2002 55.8 - 73.8 85.5 -
2003 55 - 65.8 83.9 -
2004 54.9 - 68.2 86.3 -
2005 53.3 - 69.7 89.7 -
2006 57.9 - 71.4 89.5 -
2007 57.2 - 73 92.3 -
2008 55.6 - 79.1 90.1 -
2009 57 - 80.4 90.7 -
2010 55.2 - 80.5 88.8 -
2011 55.1 - 80.5 88.8 -
2012 54.7 - 80.6 88.1 -
2013 55.1 - 80.5 89 -
2014 55.2 - 80.6 88.3 -
2015 55.6 - 77.7 86.1 -
2016 55.9 - 79 86.2 -
2017 52.8 34.1 78.9 87.3 30.8
2018 54.4 34 78.5 88.2 54
2019 55 40.2 80.5 87.6 49.2
2020 54.8 43.2 80.4 86.8 40.4
2021 51.7 40.7 73.8 86 7.4
2022 48.8 28.5 78 85.1 4.8
2023 49.4 26.8 78.3 88.9 11.4
2024 49.5 30.5 78.3 88.5 10.7
2025 49.1 28.9 78.3 88.9 8.1

More economic indicators

Pakistan Rank
Services, % of GDP
50.5%
2024
128/191
Industry, % of GDP
20%
2024
128/194
Agriculture, forestry, and fishing, % of GDP
23.5%
2024
25/193
GNI, Atlas method
$360B
2024
43/194
GNI per capita, PPP
$6,140
2024
148/191
Total reserves including gold
$18.4B
2024
63/177
Net foreign direct investment
-$2.64B
2024
148/188
Net inflows of foreign direct investment
$2.73B
2024
62/193
Net outflows of foreign direct investment
$84M
2024
90/187
Servicing debt to the IMF, % of GNI
4.82%
2023
48/119
Poverty at national poverty lines
21.9%
2018
88/176
Gross capital formation, % of GDP
12.9%
2024
165/176

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GDP per capita map

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.