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Economy of Malta vs Pakistan compared: GDP & Debt

Updated on by Georank team

Malta has a GDP of $25B compared to $372B for Pakistan, ranking 119/197 and 43/197 by economy size, respectively.

Malta has $11.5B in government debt (46.2% of GDP), compared to $262B (70.4% of GDP) in Pakistan.

Malta vs Pakistan GDP by year

Malta
Pakistan
1x
Year GDP, current $
Malta Pakistan
2024 $24,971,574,502 $371,570,000,121
2023 $22,610,561,526 $336,686,348,609
2022 $18,928,276,162 $374,890,295,667
2021 $19,739,875,611 $348,516,647,445
2020 $16,404,663,226 $300,425,609,818
2019 $16,337,793,531 $320,909,472,771
2018 $16,153,779,511 $356,128,166,705
2017 $14,161,366,724 $339,205,534,861
2016 $12,025,782,834 $313,630,000,130
2015 $11,340,795,042 $299,963,590,535
2014 $11,888,032,874 $271,390,474,858
2013 $10,796,782,636 $258,657,231,672
2012 $9,609,532,089 $250,106,966,105
2011 $9,789,361,703 $230,586,581,060
2010 $9,097,044,159 $196,709,621,850
2009 $8,734,745,698 $187,337,783,856
2008 $9,135,419,465 $202,203,748,584
2007 $7,908,412,306 $184,140,869,997
2006 $6,749,838,806 $161,871,385,506
2005 $6,393,234,993 $145,208,562,961
2004 $6,104,141,520 $132,216,048,339
2003 $5,418,315,224 $112,371,913,741
2002 $4,455,127,414 $97,923,302,809
2001 $4,070,867,133 $97,145,618,480
2000 $4,036,809,815 $99,484,802,345
1999 $4,111,857,809 $62,973,857,069
1998 $4,010,111,688 $62,191,955,814
1997 $3,787,023,707 $62,433,340,468
1996 $3,822,547,197 $63,320,170,084
1995 $3,709,396,045 $60,636,071,684
1994 $2,998,505,428 $52,293,470,813
1993 $2,709,193,538 $51,809,999,353
1992 $3,021,942,759 $48,884,671,947
1991 $2,750,216,747 $45,625,336,680
1990 $2,547,328,748 $40,010,423,970
1989 $2,118,655,677 $40,171,106,279
1988 $2,019,503,068 $38,472,742,808
1987 $1,751,293,461 $33,351,529,275
1986 $1,435,038,441 $31,899,070,056
1985 $1,117,797,439 $31,144,920,844
1984 $1,101,807,023 $31,151,825,467
1983 $1,165,729,707 $28,691,889,764
1982 $1,234,474,404 $30,725,971,564
1981 $1,243,509,394 $28,100,606,061
1980 $1,250,198,601 $23,654,444,444
1979 $1,001,288,847 $19,688,383,838
1978 $793,673,402 $17,811,515,152
1977 $625,563,171 $15,126,060,606
1976 $527,936,989 $13,168,080,808
1975 $474,618,321 $11,230,606,061
1974 $376,081,124 $8,899,191,919
1973 $345,616,106 $6,383,429,490
1972 $295,106,628 $9,415,016,360
1971 $264,578,485 $10,665,896,682
1970 $250,728,796 $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/malta/pakistan | CC BY

GDP per capita in Malta vs Pakistan by year

Malta
GDP per capita

GDP per capita, PPP
Pakistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malta Pakistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $43,899 $69,864 $1,479 $6,252
2023 $40,906 $67,057 $1,360 $6,014
2022 $35,639 $60,589 $1,538 $5,920
2021 $38,097 $56,852 $1,455 $5,367
2020 $31,823 $49,972 $1,278 $5,048
2019 $32,422 $51,393 $1,390 $5,038
2018 $33,382 $48,178 $1,569 $4,979
2017 $30,317 $45,764 $1,519 $4,790
2016 $26,459 $41,000 $1,425 $4,631
2015 $25,530 $38,369 $1,380 $4,480
2014 $27,425 $35,206 $1,267 $4,313
2013 $25,416 $33,138 $1,225 $4,174
2012 $22,878 $30,716 $1,204 $4,047
2011 $23,517 $29,426 $1,132 $3,880
2010 $21,947 $28,909 $987 $3,786
2009 $21,176 $26,782 $964 $3,777
2008 $22,315 $26,654 $1,067 $3,721
2007 $19,444 $25,012 $998 $3,672
2006 $16,654 $23,219 $901 $3,515
2005 $15,831 $22,227 $828 $3,293
2004 $15,212 $21,566 $772 $3,048
2003 $13,594 $20,813 $672 $2,822
2002 $11,251 $19,532 $600 $2,688
2001 $10,358 $18,435 $610 $2,644
2000 $10,348 $18,214 $642 $2,565
1999 $10,609 $16,898 $418 $2,475
1998 $10,408 $16,219 $424 $2,419
1997 $9,893 $15,465 $438 $2,398
1996 $10,062 $14,661 $457 $2,401
1995 $9,828 $13,950 $451 $2,315
1994 $8,000 $12,938 $400 $2,224
1993 $7,296 $12,103 $408 $2,160
1992 $8,220 $11,429 $396 $2,132
1991 $7,559 $10,784 $380 $1,992
1990 $7,192 $10,086 $344 $1,895
1989 $6,041 - $358 -
1988 $5,814 - $354 -
1987 $5,084 - $317 -
1986 $4,195 - $314 -
1985 $3,322 - $317 -
1984 $3,333 - $327 -
1983 $3,527 - $311 -
1982 $3,788 - $345 -
1981 $3,898 - $328 -
1980 $3,948 - $287.4 -
1979 $3,196 - $249.2 -
1978 $2,559 - $233.4 -
1977 $2,038 - $204.7 -
1976 $1,727 - $183.9 -
1975 $1,560 - $161.7 -
1974 $1,245 - $132 -
1973 $1,144 - $97.5 -
1972 $976 - $148.1 -
1971 $874 - $172.5 -
1970 $828 - $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/malta/pakistan | CC BY

Malta's GDP per capita is $43,899, ranking 28/197, compared to $1,479 in Pakistan, ranking 163/197. Adjusted for purchasing power (GDP per capita PPP), Malta ranks 25th at $69,864, while Pakistan ranks 150th at $6,252.

Economic indicators

Malta Pakistan
Gross domestic product
$25B
2024
$372B
2024
GDP rank
119/197
2024
43/197
2024
GDP growth
6.8%
2023-2024
3.05%
2023-2024
GDP per capita
$43,899
2024
$1,479
2024
GDP per capita rank
28/197
2024
163/197
2024
GDP per capita, PPP
$69,864
2024
$6,252
2024
GDP per capita PPP rank
25/197
2024
150/197
2024
Government debt
$11.5B
2024
$262B
2024
Debt-to-GDP ratio
46.2%
2024
70.4%
2024
Government debt per person
$20,269
2024
$1,041
2024
Government debt per person rank
31/185
2024
140/185
2024
Average annual personal income after taxes
$23,692
2026
$1,668
2026
Market capitalization of domestic companies
$4.29B
2024
$52.1B
2024
Income share by richest 10%
27.7%
2022
25.5%
2018
Income share by poorest 10%
2.7%
2022
4.2%
2018
Government expenditure, % of GDP
37.3%
2024
19.5%
2024
Consumer prices inflation
1.65%
2023-2024
12.6%
2023-2024
Central bank interest rate n/a
10.5%
2025
Unemployment rate
3.12%
2024
6.96%
2025
Population
581729
260356147

Spending and national debt comparison by year

Malta
Spending

Debt
Pakistan
Spending

Debt
1x
Year % of GDP
Malta Pakistan
Government spending Government debt Government spending Government debt
2024 37.3% 46.2% 19.5% 70.4%
2023 36.1% 46.8% 19.3% 78.5%
2022 38.3% 50.1% 20% 77.3%
2021 39.4% 49.6% 18.5% 74.7%
2020 42.1% 48.6% 20.3% 80.8%
2019 34.9% 39.2% 19.1% 78.7%
2018 34.5% 41.4% 19.1% 66.3%
2017 32.7% 45.6% 19.1% 62.1%
2016 35.5% 53.1% 17.7% 62.1%
2015 37.8% 55% 17.8% 59.1%
2014 39.6% 60.7% 18.1% 58.8%
2013 40.1% 64.9% 19.5% 59.2%
2012 41.7% 65.6% 19.4% 58.4%
2011 41.5% 68.9% 17.9% 56.2%
2010 40.1% 65% 18.3% 56.7%
2009 41.1% 66% 17.3% 54.6%
2008 42.1% 61.5% 18% 49.5%
2007 41.2% 62% 16.1% 44.2%
2006 42.5% 64.5% 14.5% 46.2%
2005 42.5% 70.2% 13% 47.9%
2004 42% 70.4% 12.1% 50.6%
2003 45.6% 68.6% 12.9% 56.3%
2002 43.6% 65.1% 14.4% 60.5%
2001 44.4% 70% 12.9% 65.1%
2000 42.9% 64.4% 13.8% 61.7%
1999 - 69.8% 13.2% 60.7%
1998 - 66.4% 14.1% 53.8%
1997 - 60.8% 13.7% 52.8%
1996 - 51.5% 15% 52.5%
1995 - 45.3% 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/malta/pakistan | CC BY

In 2024, Malta's government spending was $9.32B, accounting for 37.3% of its GDP, while Pakistan spent $72.4B, or 19.5% of GDP.

Debt-to-GDP ratio is 46.2% in Malta and 70.4% in Pakistan, ranking 118/185 and 56/185, respectively.

Government deficit by year

Deficit/surplus
Malta

Pakistan
1x
Year Deficit/surplus, % of GDP
Malta Pakistan
2024 -3.58% -6.81%
2023 -4.65% -7.76%
2022 -5.31% -7.84%
2021 -6.95% -6.04%
2020 -8.72% -7.03%
2019 0.72% -7.79%
2018 1.86% -5.67%
2017 3.4% -5.17%
2016 1.1% -3.92%
2015 -0.84% -4.74%
2014 -1.49% -4.37%
2013 -2.19% -7.48%
2012 -3.31% -7.74%
2011 -2.99% -6.23%
2010 -2.22% -5.42%
2009 -3.11% -4.53%
2008 -4.06% -5.94%
2007 -2.05% -4.23%
2006 -2.46% -2.79%
2005 -2.83% -2.29%
2004 -4.28% -1.29%
2003 -9.04% -0.12%
2002 -5.62% -2.64%
2001 -6.5% -2.45%
2000 -5.83% -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/malta/pakistan | CC BY

In 2024, Malta's government deficit, the difference between spending and revenue, was $893M, equivalent to 3.58% of GDP. This compares to Pakistan's deficit of $25.3B, or 6.81% of GDP.

Over the past 25 years, Malta recorded a fiscal deficit in 21 of those years, while Pakistan ran a deficit in 25 years. On average, Malta posted an annual deficit equal to 3.24% of GDP, compared to deficit of 4.94% of GDP for Pakistan.

Inflation comparison by year

Inflation
Malta

Pakistan
1x
Year Consumer prices inflation
Malta Pakistan
2024 1.65% 12.6%
2023 5.09% 30.8%
2022 6.15% 19.9%
2021 1.5% 9.5%
2020 0.64% 9.74%
2019 1.64% 10.6%
2018 1.16% 5.08%
2017 1.36% 4.09%
2016 0.64% 3.77%
2015 1.1% 2.53%
2014 0.31% 7.19%
2013 1.18% 7.69%
2012 2.38% 9.68%
2011 2.96% 11.9%
2010 1.52% 12.9%
2009 2.08% 13.6%
2008 4.26% 20.3%
2007 1.25% 7.6%
2006 2.77% 7.92%
2005 3.01% 9.06%
2004 2.79% 7.44%
2003 1.3% 2.91%
2002 2.19% 3.29%
2001 2.93% 3.15%
2000 2.37% 4.37%
1999 2.13% 4.14%
1998 2.39% 6.23%
1997 3.11% 11.4%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Malta has recorded an average annual inflation rate of 2.21%, compared with 9.26% in Pakistan. In 2024, inflation was 1.65% in Malta and 12.6% in Pakistan.

Top exports between countries

Malta
Export category Export value
Wood & paper products $1.13M
Chemicals & pharma $546K
Machinery & equipment $199K
Metals $139K
Textiles & consumer goods $70K
Raw materials & minerals $32K
Pakistan
Export category Export value
Textiles & consumer goods $4.1M
Raw agricultural goods $370K
Chemicals & pharma $215K
Machinery & equipment $42K
Raw materials & minerals $25K
Wood & paper products $14K
Metals $7K
Miscellaneous $4K
Processed food, beverages & tobacco $1K

Balance of trade

Malta Pakistan
Current account balance
$1.78B
2024
$496M
2024
Current account balance ranking
47/190
2024
63/190
2024
Current account balance, % of GDP
+7.12%
2024
+0.13%
2024
Goods imports
$7.56B
2024
$55.6B
2024
Goods exports
$4.58B
2024
$32.1B
2024
Service imports
$17.4B
2024
$11.2B
2024
Service exports
$25B
2024
$8.1B
2024
Imports of goods and services, % of GDP
99.7%
2024
17.2%
2024
Exports of goods and services, % of GDP
118.5%
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.

Malta Pakistan
Economic freedom 68.2 48.9
Economic freedom ranking 49/197 168/197
Property rights 85.5 25.7
Government integrity 54.3 26.3
Judicial effectiveness 80.2 27.6
Tax burden 68.5 78.2
Government spending 58.4 88.5
Fiscal health 63.2 10.1
Business freedom 83.2 54.4
Labor freedom 62.6 51.7
Monetary freedom 73.1 54.1
Trade freedom 79.4 70.4
Investment freedom 60 60
Financial freedom 50 40

Economic freedom comparison by year

Malta
Pakistan
1x
Year Economic freedom index
Malta Pakistan
2026 68.2 48.9
2025 66.8 49.1
2024 64.5 49.5
2023 67.5 49.4
2022 71.5 48.8
2021 70.2 51.7
2020 69.5 54.8
2019 68.6 55
2018 68.5 54.4
2017 67.7 52.8
2016 66.7 55.9
2015 66.5 55.6
2014 66.4 55.2
2013 67.5 55.1
2012 67 54.7
2011 65.7 55.1
2010 67.2 55.2
2009 66.1 57
2008 66 55.6
2007 66.1 57.2
2006 67.3 57.9
2005 68.9 53.3
2004 63.3 54.9
2003 61.1 55
2002 62.2 55.8
2001 62.9 56
2000 58.3 56.4
1999 59.3 53
1998 61.2 53.2
1997 57.9 56
1996 55.8 58.4
1995 56.3 57.6

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

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

The Economic Freedom Index for Malta is 68.2, ranking 49/197, 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

Malta Pakistan
Services, % of GDP
81.8%
2024
50.7%
2024
Industry, % of GDP
10.7%
2024
20.2%
2024
Agriculture, forestry, and fishing, % of GDP
0.23%
2024
23.7%
2024
GNI, Atlas method
$20.9B
2024
$358B
2024
GNI per capita, PPP
$61,340
2024
$6,100
2024
Total reserves including gold
$1.42B
2024
$18.4B
2024
Total reserves ranking
137/177
2024
63/177
2024
Net foreign direct investment
-$6.13B
2024
-$2.58B
2024
Net inflows of foreign direct investment
$42.6B
2024
$2.66B
2024
Net outflows of foreign direct investment
$36.5B
2024
$84M
2024
Servicing debt to the IMF, % of GNI n/a
4.5%
2024
Poverty at national poverty lines
16.7%
2021
21.9%
2018
Gross capital formation, % of GDP
19%
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/malta/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 (2022–2024, 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.