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Economy of Belarus vs Pakistan compared: GDP & Debt

Updated on by Georank team

Belarus has a GDP of $76B compared to $372B for Pakistan, ranking 83/197 and 43/197 by economy size, respectively.

Belarus has $30.3B in government debt (39.9% of GDP), compared to $262B (70.4% of GDP) in Pakistan.

Belarus vs Pakistan GDP by year

Belarus
Pakistan
1x
Year GDP, current $
Belarus Pakistan
2024 $75,961,865,472 $371,570,000,121
2023 $72,478,760,370 $336,686,348,609
2022 $73,775,179,925 $374,890,295,667
2021 $69,673,747,132 $348,516,647,445
2020 $61,371,673,345 $300,425,609,818
2019 $64,410,170,653 $320,909,472,771
2018 $60,031,026,576 $356,128,166,705
2017 $54,725,405,751 $339,205,534,861
2016 $47,723,545,321 $313,630,000,130
2015 $56,454,769,845 $299,963,590,535
2014 $78,813,069,121 $271,390,474,858
2013 $75,527,558,966 $258,657,231,672
2012 $65,685,890,439 $250,106,966,105
2011 $61,762,382,328 $230,586,581,060
2010 $57,231,904,543 $196,709,621,850
2009 $50,873,167,326 $187,337,783,856
2008 $60,752,106,347 $202,203,748,584
2007 $45,275,711,996 $184,140,869,997
2006 $36,961,894,281 $161,871,385,506
2005 $30,210,091,837 $145,208,562,961
2004 $23,141,566,293 $132,216,048,339
2003 $17,825,444,724 $112,371,913,741
2002 $14,594,900,945 $97,923,302,809
2001 $12,354,820,144 $97,145,618,480
2000 $12,736,856,828 $99,484,802,345
1999 $12,138,486,532 $62,973,857,069
1998 $15,222,012,660 $62,191,955,814
1997 $14,128,408,566 $62,433,340,468
1996 $14,500,437,520 $63,320,170,084
1995 $13,972,683,274 $60,636,071,684
1994 $14,931,435,232 $52,293,470,813
1993 $16,275,073,527 $51,809,999,353
1992 $16,939,790,094 $48,884,671,947
1991 $18,404,907,975 $45,625,336,680
1990 $17,389,558,233 $40,010,423,970
1989 - $40,171,106,279
1988 - $38,472,742,808
1987 - $33,351,529,275
1986 - $31,899,070,056
1985 - $31,144,920,844
1984 - $31,151,825,467
1983 - $28,691,889,764
1982 - $30,725,971,564
1981 - $28,100,606,061
1980 - $23,654,444,444
1979 - $19,688,383,838
1978 - $17,811,515,152
1977 - $15,126,060,606
1976 - $13,168,080,808
1975 - $11,230,606,061
1974 - $8,899,191,919
1973 - $6,383,429,490
1972 - $9,415,016,360
1971 - $10,665,896,682
1970 - $10,027,509,450
1969 - $8,683,116,338
1968 - $8,041,999,160
1967 - $7,464,510,710
1966 - $6,561,108,778
1965 - $5,929,231,415
1964 - $5,204,955,901
1963 - $4,630,827,383
1962 - $4,310,163,797
1961 - $4,118,647,627
1960 - $3,749,265,015

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/pakistan | CC BY

GDP per capita in Belarus vs Pakistan by year

Belarus
GDP per capita

GDP per capita, PPP
Pakistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Pakistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,318 $33,010 $1,479 $6,252
2023 $7,897 $30,834 $1,360 $6,014
2022 $7,995 $28,429 $1,538 $5,920
2021 $7,490 $27,611 $1,455 $5,367
2020 $6,543 $24,872 $1,278 $5,048
2019 $6,838 $22,302 $1,390 $5,038
2018 $6,360 $20,026 $1,569 $4,979
2017 $5,786 $18,414 $1,519 $4,790
2016 $5,040 $17,832 $1,425 $4,631
2015 $5,967 $18,134 $1,380 $4,480
2014 $8,341 $19,038 $1,267 $4,313
2013 $7,998 $19,014 $1,225 $4,174
2012 $6,953 $18,115 $1,204 $4,047
2011 $6,528 $16,563 $1,132 $3,880
2010 $6,035 $15,339 $987 $3,786
2009 $5,352 $14,034 $964 $3,777
2008 $6,376 $13,886 $1,067 $3,721
2007 $4,735 $12,320 $998 $3,672
2006 $3,848 $10,995 $901 $3,515
2005 $3,126 $9,637 $828 $3,293
2004 $2,378 $8,483 $772 $3,048
2003 $1,820 $7,362 $672 $2,822
2002 $1,479 $6,697 $600 $2,688
2001 $1,244 $6,238 $610 $2,644
2000 $1,276 $5,796 $642 $2,565
1999 $1,211 $5,331 $418 $2,475
1998 $1,511 $5,061 $424 $2,419
1997 $1,396 $4,596 $438 $2,398
1996 $1,427 $4,039 $457 $2,401
1995 $1,371 $3,846 $451 $2,315
1994 $1,460 $4,190 $400 $2,224
1993 $1,590 $4,641 $408 $2,160
1992 $1,658 $4,917 $396 $2,132
1991 $1,805 $5,330 $380 $1,992
1990 $1,707 $5,220 $344 $1,895
1989 - - $358 -
1988 - - $354 -
1987 - - $317 -
1986 - - $314 -
1985 - - $317 -
1984 - - $327 -
1983 - - $311 -
1982 - - $345 -
1981 - - $328 -
1980 - - $287.4 -
1979 - - $249.2 -
1978 - - $233.4 -
1977 - - $204.7 -
1976 - - $183.9 -
1975 - - $161.7 -
1974 - - $132 -
1973 - - $97.5 -
1972 - - $148.1 -
1971 - - $172.5 -
1970 - - $166.7 -
1969 - - $148.5 -
1968 - - $141.6 -
1967 - - $135.2 -
1966 - - $122.2 -
1965 - - $113.6 -
1964 - - $102.5 -
1963 - - $93.7 -
1962 - - $89.5 -
1961 - - $87.8 -
1960 - - $82 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/pakistan | CC BY

Belarus' GDP per capita is $8,318, ranking 92/197, compared to $1,479 in Pakistan, ranking 163/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Pakistan ranks 150th at $6,252.

Economic indicators

Belarus Pakistan
Gross domestic product
$76B
2024
$372B
2024
GDP rank
83/197
2024
43/197
2024
GDP growth
4.01%
2023-2024
3.05%
2023-2024
GDP per capita
$8,318
2024
$1,479
2024
GDP per capita rank
92/197
2024
163/197
2024
GDP per capita, PPP
$33,010
2024
$6,252
2024
GDP per capita PPP rank
68/197
2024
150/197
2024
Government debt
$30.3B
2024
$262B
2024
Debt-to-GDP ratio
39.9%
2024
70.4%
2024
Government debt per person
$3,318
2024
$1,041
2024
Government debt per person rank
97/185
2024
140/185
2024
Average annual personal income after taxes
$7,345
2026
$1,668
2026
Market capitalization of domestic companies
$6.01B
2024
$52.1B
2024
Income share by richest 10%
20.7%
2020
25.5%
2018
Income share by poorest 10%
4.5%
2020
4.2%
2018
Government expenditure, % of GDP
40.9%
2024
19.5%
2024
Consumer prices inflation
5.7%
2023-2024
12.6%
2023-2024
Central bank interest rate
9.75%
2025
10.5%
2025
Unemployment rate
3.04%
2024
6.96%
2025
Population
9013835
260356147

Spending and national debt comparison by year

Belarus
Spending

Debt
Pakistan
Spending

Debt
1x
Year % of GDP
Belarus Pakistan
Government spending Government debt Government spending Government debt
2024 40.9% 39.9% 19.5% 70.4%
2023 40.3% 40.7% 19.3% 78.5%
2022 38% 40.8% 20% 77.3%
2021 36.7% 41.2% 18.5% 74.7%
2020 38% 47.5% 20.3% 80.8%
2019 37.4% 41% 19.1% 78.7%
2018 37.8% 47.5% 19.1% 66.3%
2017 39% 53.2% 19.1% 62.1%
2016 40.7% 53.5% 17.7% 62.1%
2015 41.8% 53% 17.8% 59.1%
2014 38.8% 38.8% 18.1% 58.8%
2013 40.8% 36.9% 19.5% 59.2%
2012 38.9% 36.9% 19.4% 58.4%
2011 40.3% 58.2% 17.9% 56.2%
2010 44.3% 36.8% 18.3% 56.7%
2009 51.7% 32.5% 17.3% 54.6%
2008 60% 20.3% 18% 49.5%
2007 49.2% 15.8% 16.1% 44.2%
2006 47.2% 12.3% 14.5% 46.2%
2005 45% 8.12% 13% 47.9%
2004 44% 9.22% 12.1% 50.6%
2003 43.5% - 12.9% 56.3%
2002 43.8% - 14.4% 60.5%
2001 42.4% - 12.9% 65.1%
2000 - - 13.8% 61.7%
1999 - - 13.2% 60.7%
1998 - - 14.1% 53.8%
1997 - - 13.7% 52.8%
1996 - - 15% 52.5%
1995 - - 14% 52.3%
1994 - - 14.5% 58.5%
1993 - - 17% 57.9%
1992 - - 22.6% 53.3%
1991 - - 21.4% 55.8%
1990 - - 23.9% 48.3%
1989 - - 26.1% 46.6%
1988 - - 27.9% 45%
1987 - - 29.5% 44.4%
1986 - - 27.6% 43.1%
1985 - - 28.3% 37%
1984 - - 25.4% 33.4%
1983 - - 24.8% 33.6%
1982 - - 24.5% 33.8%
1981 - - 21.6% 29.7%
1980 - - 22% 33.3%
1979 - - 25.3% 36.8%
1978 - - 25.5% 36.1%
1977 - - 20.4% 36.4%
1976 - - 21% 35.8%
1975 - - 20.4% 32.1%
1974 - - 15.3% 38%
1973 - - 13.9% 43.4%
1972 - - 13.5% 88.7%
1971 - - 22.1% 33.2%
1970 - - 23.6% 31.6%
1969 - - 15.6% 29.1%
1968 - - 13.7% 27.5%
1967 - - 12.9% 25.9%
1966 - - 12.2% 25.1%
1965 - - 11.2% 22.7%
1964 - - 12.1% 21.3%
1963 - - 14.7% 19.2%
1962 - - 11.8% 16.6%
1961 - - 10.6% 19.6%
1960 - - 10% 19.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1993–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1993, retrieved 2026-02-20).

GeoRank.org/economy/belarus/pakistan | CC BY

In 2024, Belarus' government spending was $31.1B, accounting for 40.9% of its GDP, while Pakistan spent $72.4B, or 19.5% of GDP.

Debt-to-GDP ratio is 39.9% in Belarus and 70.4% in Pakistan, ranking 133/185 and 56/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Pakistan
1x
Year Deficit/surplus, % of GDP
Belarus Pakistan
2024 1.05% -6.81%
2023 0.76% -7.76%
2022 -1.98% -7.84%
2021 -0.22% -6.04%
2020 -2.87% -7.03%
2019 0.91% -7.79%
2018 1.8% -5.67%
2017 -0.34% -5.17%
2016 -1.66% -3.92%
2015 -2.96% -4.74%
2014 0.09% -4.37%
2013 -0.98% -7.48%
2012 0.36% -7.74%
2011 -2.81% -6.23%
2010 -4.19% -5.42%
2009 -7.23% -4.53%
2008 -10.9% -5.94%
2007 -7.82% -4.23%
2006 -7.71% -2.79%
2005 -6.71% -2.29%
2004 -7.06% -1.29%
2003 -6.74% -0.12%
2002 -7.81% -2.64%
2001 -4.74% -2.45%
2000 - -3.21%
1999 - -3.07%
1998 - -4.46%
1997 - -3.87%
1996 - -4.33%
1995 - -3.9%
1994 - -3.63%
1993 - -5.53%
1992 - -11.3%
1991 - -10.8%
1990 - -11.9%
1989 - -7.01%
1988 - -9.35%
1987 - -11.7%
1986 - -9.79%
1985 - -10.6%
1984 - -8.9%
1983 - -7.55%
1982 - -8.24%
1981 - -5.83%
1980 - -5.32%
1979 - -11.6%
1978 - -12.4%
1977 - -8.74%
1976 - -9.05%
1975 - -8.97%
1974 - -4.45%
1973 - -3.99%
1972 - -3.16%
1971 - -7.45%
1970 - -10.8%
1969 - -7.08%
1968 - -5.56%
1967 - -4.27%
1966 - -4.48%
1965 - -3.28%
1964 - -4.89%
1963 - -6.55%
1962 - -3.39%
1961 - -4.6%
1960 - -3.83%
1959 - -3.71%
1958 - -4.2%
1957 - -2.21%
1956 - -2.36%
1955 - -2%
1954 - -3.18%
1953 - -2.66%
1952 - -0.73%
1951 - 0.63%
1950 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1992, retrieved 2026-02-20).

GeoRank.org/economy/belarus/pakistan | CC BY

In 2024, Belarus' government surplus, the difference between spending and revenue, was $796M, equivalent to 1.05% of GDP. This compares to Pakistan's deficit of $25.3B, or 6.81% of GDP.

Over the past 24 years, Belarus recorded a fiscal deficit in 18 of those years, while Pakistan ran a deficit in 24 years. On average, Belarus posted an annual deficit equal to 3.32% of GDP, compared to deficit of 5.01% of GDP for Pakistan.

Inflation comparison by year

Inflation
Belarus

Pakistan
1x
Year Consumer prices inflation
Belarus Pakistan
2024 5.7% 12.6%
2023 5% 30.8%
2022 15.2% 19.9%
2021 9.5% 9.5%
2020 5.5% 9.74%
2019 5.6% 10.6%
2018 4.9% 5.08%
2017 6% 4.09%
2016 11.8% 3.77%
2015 13.5% 2.53%
2014 18.1% 7.19%
2013 18.3% 7.69%
2012 59.2% 9.68%
2011 53.2% 11.9%
2010 7.7% 12.9%
2009 13% 13.6%
2008 14.8% 20.3%
2007 8.4% 7.6%
2006 7% 7.92%
2005 10.3% 9.06%
2004 18.1% 7.44%
2003 28.4% 2.91%
2002 42.6% 3.29%
2001 61.1% 3.15%
2000 168.6% 4.37%
1999 293.7% 4.14%
1998 73% 6.23%
1997 63.8% 11.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/pakistan | CC BY

Over the past 28 years, Belarus has recorded an average annual inflation rate of 37.2%, compared with 9.26% in Pakistan. In 2024, inflation was 5.7% in Belarus and 12.6% in Pakistan.

Top exports between countries

Belarus
Export category Export value
Transport & tourism services $6.24M
Raw materials & minerals $5.59M
Textiles & consumer goods $4.81M
Machinery & equipment $4.24M
Wood & paper products $1.86M
Processed food, beverages & tobacco $1.58M
Animal & marine products $663K
Chemicals & pharma $487K
Metals $187K
Business & finance services $134K
Pakistan
Export category Export value
Chemicals & pharma $972K
Textiles & consumer goods $350K
Machinery & equipment $256K
Raw agricultural goods $218K
Raw materials & minerals $36K
Animal & marine products $12K
Miscellaneous $7K

Balance of trade

Belarus Pakistan
Current account balance
-$1.94B
2024
$496M
2024
Current account balance ranking
142/190
2024
63/190
2024
Current account balance, % of GDP
-2.56%
2024
+0.13%
2024
Goods imports
$44.2B
2024
$55.6B
2024
Goods exports
$39.5B
2024
$32.1B
2024
Service imports
$6.82B
2024
$11.2B
2024
Service exports
$10.1B
2024
$8.1B
2024
Imports of goods and services, % of GDP
66.9%
2024
17.2%
2024
Exports of goods and services, % of GDP
65.1%
2024
10.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Belarus Pakistan
Economic freedom 49.1 48.9
Economic freedom ranking 166/197 168/197
Property rights 20 25.7
Government integrity 28.3 26.3
Judicial effectiveness 11.5 27.6
Tax burden 93.5 78.2
Government spending 52.6 88.5
Fiscal health 96.8 10.1
Business freedom 50.3 54.4
Labor freedom 48 51.7
Monetary freedom 69 54.1
Trade freedom 69.2 70.4
Investment freedom 30 60
Financial freedom 20 40

Economic freedom comparison by year

Belarus
Pakistan
1x
Year Economic freedom index
Belarus Pakistan
2026 49.1 48.9
2025 48.9 49.1
2024 48.4 49.5
2023 51 49.4
2022 53 48.8
2021 61 51.7
2020 61.7 54.8
2019 57.9 55
2018 58.1 54.4
2017 58.6 52.8
2016 48.8 55.9
2015 49.8 55.6
2014 50.1 55.2
2013 48 55.1
2012 49 54.7
2011 47.9 55.1
2010 48.7 55.2
2009 45 57
2008 45.3 55.6
2007 47 57.2
2006 47.5 57.9
2005 46.7 53.3
2004 43.1 54.9
2003 39.7 55
2002 39 55.8
2001 38 56
2000 41.3 56.4
1999 35.4 53
1998 38 53.2
1997 39.8 56
1996 38.7 58.4
1995 40.4 57.6

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/belarus/pakistan | CC BY

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 48.9 for Pakistan, ranking 168/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus Pakistan
Services, % of GDP
49.7%
2024
50.7%
2024
Industry, % of GDP
30.7%
2024
20.2%
2024
Agriculture, forestry, and fishing, % of GDP
6.87%
2024
23.7%
2024
GNI, Atlas method
$75.4B
2024
$358B
2024
GNI per capita, PPP
$32,300
2024
$6,100
2024
Total reserves including gold
$8.91B
2024
$18.4B
2024
Total reserves ranking
82/177
2024
63/177
2024
Net foreign direct investment
-$1.57B
2024
-$2.58B
2024
Net inflows of foreign direct investment
$1.74B
2024
$2.66B
2024
Net outflows of foreign direct investment
$170M
2024
$84M
2024
Servicing debt to the IMF, % of GNI
7.19%
2024
4.5%
2024
Poverty at national poverty lines
3.9%
2022
21.9%
2018
Gross capital formation, % of GDP
25.8%
2024
13.2%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/belarus/pakistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1993, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.