Skip to content

Pakistan economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

Pakistan ranked 43/197 by economy size with a GDP of $372B and 163/197 by GDP per capita at $1,479. Pakistan has $262B in government debt, with a debt-to-GDP ratio of 70.4%.

In 2024, Pakistan made up 0.33% of the world's economy, compared to 0.27% in 1960.

Pakistan GDP & GDP growth by year

GDP, current $
Real growth
1x
Year GDP GDP growth
2024 $371,570,000,121 3.05%
2023 $336,686,348,609 -0.41%
2022 $374,890,295,667 4.78%
2021 $348,516,647,445 6.51%
2020 $300,425,609,818 -1.27%
2019 $320,909,472,771 2.5%
2018 $356,128,166,705 6.15%
2017 $339,205,534,861 4.43%
2016 $313,630,000,130 6.57%
2015 $299,963,590,535 4.22%
2014 $271,390,474,858 4.12%
2013 $258,657,231,672 4.37%
2012 $250,106,966,105 3.03%
2011 $230,586,581,060 2.68%
2010 $196,709,621,850 1.5%
2009 $187,337,783,856 3.47%
2008 $202,203,748,584 2.12%
2007 $184,140,869,997 4.44%
2006 $161,871,385,506 6.05%
2005 $145,208,562,961 7.28%
2004 $132,216,048,339 7.83%
2003 $112,371,913,741 5.4%
2002 $97,923,302,809 2.59%
2001 $97,145,618,480 3.65%
2000 $99,484,802,345 4.26%
1999 $62,973,857,069 3.66%
1998 $62,191,955,814 2.55%
1997 $62,433,340,468 1.01%
1996 $63,320,170,084 4.85%
1995 $60,636,071,684 4.96%
1994 $52,293,470,813 3.74%
1993 $51,809,999,353 1.76%
1992 $48,884,671,947 7.71%
1991 $45,625,336,680 5.06%
1990 $40,010,423,970 4.46%
1989 $40,171,106,279 4.96%
1988 $38,472,742,808 7.63%
1987 $33,351,529,275 6.45%
1986 $31,899,070,056 5.5%
1985 $31,144,920,844 7.59%
1984 $31,151,825,467 5.07%
1983 $28,691,889,764 6.78%
1982 $30,725,971,564 6.54%
1981 $28,100,606,061 7.92%
1980 $23,654,444,444 10.2%
1979 $19,688,383,838 3.76%
1978 $17,811,515,152 8.05%
1977 $15,126,060,606 3.95%
1976 $13,168,080,808 5.16%
1975 $11,230,606,061 4.21%
1974 $8,899,191,919 3.54%
1973 $6,383,429,490 7.06%
1972 $9,415,016,360 0.81%
1971 $10,665,896,682 0.47%
1970 $10,027,509,450 11.4%
1969 $8,683,116,338 5.51%
1968 $8,041,999,160 7.23%
1967 $7,464,510,710 5.4%
1966 $6,561,108,778 5.79%
1965 $5,929,231,415 10.4%
1964 $5,204,955,901 7.57%
1963 $4,630,827,383 8.69%
1962 $4,310,163,797 4.48%
1961 $4,118,647,627 5.99%
1960 $3,749,265,015 -

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

GeoRank.org/economy/pakistan | CC BY

Pakistan GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2024 $1,479 $6,252
2023 $1,360 $6,014
2022 $1,538 $5,920
2021 $1,455 $5,367
2020 $1,278 $5,048
2019 $1,390 $5,038
2018 $1,569 $4,979
2017 $1,519 $4,790
2016 $1,425 $4,631
2015 $1,380 $4,480
2014 $1,267 $4,313
2013 $1,225 $4,174
2012 $1,204 $4,047
2011 $1,132 $3,880
2010 $987 $3,786
2009 $964 $3,777
2008 $1,067 $3,721
2007 $998 $3,672
2006 $901 $3,515
2005 $828 $3,293
2004 $772 $3,048
2003 $672 $2,822
2002 $600 $2,688
2001 $610 $2,644
2000 $642 $2,565
1999 $418 $2,475
1998 $424 $2,419
1997 $438 $2,398
1996 $457 $2,401
1995 $451 $2,315
1994 $400 $2,224
1993 $408 $2,160
1992 $396 $2,132
1991 $380 $1,992
1990 $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/pakistan | CC BY

Pakistan has a GDP per capita of $1,479, ranking 163/197, a GDP per capita based on purchasing power parity (PPP) of $6,252, ranking 150/197, and a median annual after tax income of $1,668, ranking 176/197.

Pakistan GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2024 43 153 138
2023 45 164 146
2022 42 160 145
2021 42 160 146
2020 41 162 147
2019 42 162 146
2018 37 157 143
2017 36 156 142
2016 37 156 140
2015 40 156 140
2014 41 164 141
2013 43 164 139
2012 43 162 139
2011 47 165 142
2010 47 166 140
2009 45 163 139
2008 44 160 139
2007 43 153 138
2006 40 154 138
2005 41 152 138
2004 39 149 136
2003 38 149 139
2002 39 148 142
2001 40 145 141
2000 41 141 141
1999 46 158 138
1998 47 159 136
1997 48 159 131
1996 48 151 125
1995 46 151 124
1994 47 147 122
1993 45 143 123
1992 45 147 123
1991 45 154 128
1990 49 158 129
1989 44 137 -
1988 44 143 -
1987 48 143 -
1986 42 137 -
1985 42 135 -
1984 41 131 -
1983 43 133 -
1982 40 130 -
1981 42 132 -
1980 45 139 -
1979 47 130 -
1978 43 128 -
1977 43 131 -
1976 47 128 -
1975 49 132 -
1974 52 131 -
1973 50 134 -
1972 35 122 -
1971 29 116 -
1970 29 113 -
1969 29 98 -
1968 29 98 -
1967 29 98 -
1966 30 98 -
1965 30 98 -
1964 34 98 -
1963 35 100 -
1962 34 100 -
1961 35 97 -
1960 36 97 -

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

GeoRank.org/economy/pakistan | CC BY

Compared with 2000, in 2024 Pakistan is ranked 43rd out of 182 by GDP (down from 41st), 153rd by GDP per capita (down from 141st), and 138th by GDP per capita PPP (up from 141st).

Economic indicators

Pakistan Rank
Gross domestic product
$372B
2024
43/197
GDP growth
3.05%
2023-2024
103/194
GDP per capita
$1,479
2024
163/197
GDP per capita, PPP
$6,252
2024
150/197
Government debt
$262B
2024
33/185
Debt-to-GDP ratio
70.4%
2024
56/185
Government debt per person
$1,041
2024
140/185
Average annual personal income after taxes
$1,668
2026
176/197
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
19.5%
2024
158/195
Consumer prices inflation
12.6%
2023-2024
25/195
Central bank interest rate
10.5%
2025
23/106
Unemployment rate
6.96%
2025
64/196
Population
260356147
5/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2024 19.5% 70.4% -6.81%
2023 19.3% 78.5% -7.76%
2022 20% 77.3% -7.84%
2021 18.5% 74.7% -6.04%
2020 20.3% 80.8% -7.03%
2019 19.1% 78.7% -7.79%
2018 19.1% 66.3% -5.67%
2017 19.1% 62.1% -5.17%
2016 17.7% 62.1% -3.92%
2015 17.8% 59.1% -4.74%
2014 18.1% 58.8% -4.37%
2013 19.5% 59.2% -7.48%
2012 19.4% 58.4% -7.74%
2011 17.9% 56.2% -6.23%
2010 18.3% 56.7% -5.42%
2009 17.3% 54.6% -4.53%
2008 18% 49.5% -5.94%
2007 16.1% 44.2% -4.23%
2006 14.5% 46.2% -2.79%
2005 13% 47.9% -2.29%
2004 12.1% 50.6% -1.29%
2003 12.9% 56.3% -0.12%
2002 14.4% 60.5% -2.64%
2001 12.9% 65.1% -2.45%
2000 13.8% 61.7% -3.21%
1999 13.2% 60.7% -3.07%
1998 14.1% 53.8% -4.46%
1997 13.7% 52.8% -3.87%
1996 15% 52.5% -4.33%
1995 14% 52.3% -3.9%
1994 14.5% 58.5% -3.63%
1993 17% 57.9% -5.53%
1992 22.6% 53.3% -11.3%
1991 21.4% 55.8% -10.8%
1990 23.9% 48.3% -11.9%
1989 26.1% 46.6% -7.01%
1988 27.9% 45% -9.35%
1987 29.5% 44.4% -11.7%
1986 27.6% 43.1% -9.79%
1985 28.3% 37% -10.6%
1984 25.4% 33.4% -8.9%
1983 24.8% 33.6% -7.55%
1982 24.5% 33.8% -8.24%
1981 21.6% 29.7% -5.83%
1980 22% 33.3% -5.32%
1979 25.3% 36.8% -11.6%
1978 25.5% 36.1% -12.4%
1977 20.4% 36.4% -8.74%
1976 21% 35.8% -9.05%
1975 20.4% 32.1% -8.97%
1974 15.3% 38% -4.45%
1973 13.9% 43.4% -3.99%
1972 13.5% 88.7% -3.16%
1971 22.1% 33.2% -7.45%
1970 23.6% 31.6% -10.8%
1969 15.6% 29.1% -7.08%
1968 13.7% 27.5% -5.56%
1967 12.9% 25.9% -4.27%
1966 12.2% 25.1% -4.48%
1965 11.2% 22.7% -3.28%
1964 12.1% 21.3% -4.89%
1963 14.7% 19.2% -6.55%
1962 11.8% 16.6% -3.39%
1961 10.6% 19.6% -4.6%
1960 10% 19.5% -3.83%
1959 11.7% 20.1% -3.71%
1958 10.7% 21.5% -4.2%
1957 7.92% 19.9% -2.21%
1956 8.27% 17.8% -2.36%
1955 8.16% 16.9% -2%
1954 9.4% 17.7% -3.18%
1953 8.47% 15.6% -2.66%
1952 7.55% 14.6% -0.73%
1951 5.09% 12.4% 0.63%
1950 5.55% - -1.24%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1950–1993, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/pakistan | CC BY

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 of them, with an average annual deficit equal to 6.43% of GDP. In 2024, government spending reached $72.4B (19.5% of GDP), with a deficit of 6.81%.

The national debt reached $262B, ranking 33rd out of 185 countries by total size, with a debt-to-GDP ratio of 70.4%, ranking 56th.

Inflation rate by year

1x
Year Inflation
2024 12.6%
2023 30.8%
2022 19.9%
2021 9.5%
2020 9.74%
2019 10.6%
2018 5.08%
2017 4.09%
2016 3.77%
2015 2.53%
2014 7.19%
2013 7.69%
2012 9.68%
2011 11.9%
2010 12.9%
2009 13.6%
2008 20.3%
2007 7.6%
2006 7.92%
2005 9.06%
2004 7.44%
2003 2.91%
2002 3.29%
2001 3.15%
2000 4.37%
1999 4.14%
1998 6.23%
1997 11.4%
1996 10.4%
1995 12.3%
1994 12.4%
1993 9.97%
1992 9.51%
1991 11.8%
1990 9.05%
1989 7.84%
1988 8.84%
1987 4.68%
1986 3.51%
1985 5.61%
1984 6.09%
1983 6.36%
1982 5.9%
1981 11.9%
1980 11.9%
1979 8.27%
1978 6.14%
1977 10.1%
1976 7.16%
1975 20.9%
1974 26.7%
1973 23.1%
1972 5.18%
1971 4.73%
1970 5.35%
1969 3.19%
1968 0.17%
1967 6.81%
1966 7.23%
1965 5.57%
1964 4.18%
1963 1.46%
1962 -0.52%
1961 1.64%
1960 6.95%

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

GeoRank.org/economy/pakistan | CC BY

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 above shows consumer price inflation by year.

Balance of trade

Pakistan Rank
Current account balance
$496M
2024
63/190
Current account balance, % of GDP
+0.13%
2024
74/190
Goods imports
$55.6B
2024
52/189
Goods exports
$32.1B
2024
68/189
Service imports
$11.2B
2024
65/189
Service exports
$8.1B
2024
73/189
Imports of goods and services, % of GDP
17.2%
2024
172/181
Exports of goods and services, % of GDP
10.4%
2024
178/193

Pakistan 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

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

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 48.9 168/197
Property rights 25.7 150/182
Government integrity 26.3 140/182
Judicial effectiveness 27.6 134/182
Tax burden 78.2 98/182
Government spending 88.5 36/180
Fiscal health 10.1 163/181
Business freedom 54.4 126/182
Labor freedom 51.7 131/182
Monetary freedom 54.1 166/180
Trade freedom 70.4 94/181
Investment freedom 60 79/181
Financial freedom 40 121/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 48.9 27.6 78.2 88.5 10.1
2025 49.1 28.9 78.3 88.9 8.1
2024 49.5 30.5 78.3 88.5 10.7
2023 49.4 26.8 78.3 88.9 11.4
2022 48.8 28.5 78 85.1 4.8
2021 51.7 40.7 73.8 86 7.4
2020 54.8 43.2 80.4 86.8 40.4
2019 55 40.2 80.5 87.6 49.2
2018 54.4 34 78.5 88.2 54
2017 52.8 34.1 78.9 87.3 30.8
2016 55.9 - 79 86.2 -
2015 55.6 - 77.7 86.1 -
2014 55.2 - 80.6 88.3 -
2013 55.1 - 80.5 89 -
2012 54.7 - 80.6 88.1 -
2011 55.1 - 80.5 88.8 -
2010 55.2 - 80.5 88.8 -
2009 57 - 80.4 90.7 -
2008 55.6 - 79.1 90.1 -
2007 57.2 - 73 92.3 -
2006 57.9 - 71.4 89.5 -
2005 53.3 - 69.7 89.7 -
2004 54.9 - 68.2 86.3 -
2003 55 - 65.8 83.9 -
2002 55.8 - 73.8 85.5 -
2001 56 - 82 90.3 -
2000 56.4 - 82.1 78.1 -
1999 53 - 78.5 70.6 -
1998 53.2 - 67.4 72.6 -
1997 56 - 67.5 71.2 -
1996 58.4 - 65 66.3 -
1995 57.6 - 59.1 82.1 -

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

GeoRank.org/economy/pakistan | CC BY

Pakistan is ranked 150/174 for economic freedom with a score of 48.9, compared to 86/162 and a score of 57.9 in 2006.

Other economic metrics

Pakistan Rank
Services, % of GDP
50.7%
2024
128/191
Industry, % of GDP
20.2%
2024
127/194
Agriculture, forestry, and fishing, % of GDP
23.7%
2024
25/193
GNI, Atlas method
$358B
2024
43/194
GNI per capita, PPP
$6,100
2024
148/191
Total reserves including gold
$18.4B
2024
63/177
Net foreign direct investment
-$2.58B
2024
146/189
Net inflows of foreign direct investment
$2.66B
2024
64/193
Net outflows of foreign direct investment
$84M
2024
90/193
Servicing debt to the IMF, % of GNI
4.5%
2024
58/121
Poverty at national poverty lines
21.9%
2018
88/176
Gross capital formation, % of GDP
13.2%
2024
161/178

Compare Pakistan vs other countries

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/pakistan | CC BY

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1993, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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.