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Economy of Pakistan vs Rwanda compared: GDP & Debt

Updated on by Georank team

Pakistan has a GDP of $372B compared to $14.3B for Rwanda, ranking 43/197 and 144/197 by economy size, respectively.

Pakistan has $262B in government debt (70.4% of GDP), compared to $9.58B (67.2% of GDP) in Rwanda.

Pakistan vs Rwanda GDP by year

Pakistan
Rwanda
1x
Year GDP, current $
Pakistan Rwanda
2024 $371,570,000,121 $14,251,642,235
2023 $336,686,348,609 $14,331,722,703
2022 $374,890,295,667 $13,316,161,002
2021 $348,516,647,445 $11,078,787,090
2020 $300,425,609,818 $10,174,386,857
2019 $320,909,472,771 $10,349,300,277
2018 $356,128,166,705 $9,637,904,521
2017 $339,205,534,861 $9,252,833,891
2016 $313,630,000,130 $8,695,272,058
2015 $299,963,590,535 $8,543,760,200
2014 $271,390,474,858 $8,238,966,124
2013 $258,657,231,672 $7,819,964,030
2012 $250,106,966,105 $7,654,761,050
2011 $230,586,581,060 $6,884,913,658
2010 $196,709,621,850 $6,124,756,654
2009 $187,337,783,856 $5,674,476,969
2008 $202,203,748,584 $5,179,854,065
2007 $184,140,869,997 $4,070,507,895
2006 $161,871,385,506 $3,319,784,539
2005 $145,208,562,961 $2,933,819,766
2004 $132,216,048,339 $2,376,496,067
2003 $112,371,913,741 $2,138,237,279
2002 $97,923,302,809 $1,966,003,468
2001 $97,145,618,480 $1,966,600,715
2000 $99,484,802,345 $2,068,836,754
1999 $62,973,857,069 $2,157,108,263
1998 $62,191,955,814 $1,989,343,546
1997 $62,433,340,468 $1,851,558,197
1996 $63,320,170,084 $1,382,334,879
1995 $60,636,071,684 $1,293,535,193
1994 $52,293,470,813 $753,636,370
1993 $51,809,999,353 $1,971,525,712
1992 $48,884,671,947 $2,029,026,962
1991 $45,625,336,680 $1,911,600,237
1990 $40,010,423,970 $2,550,185,679
1989 $40,171,106,279 $2,405,022,593
1988 $38,472,742,808 $2,395,492,687
1987 $33,351,529,275 $2,157,432,668
1986 $31,899,070,056 $1,944,710,684
1985 $31,144,920,844 $1,715,626,331
1984 $31,151,825,467 $1,587,413,084
1983 $28,691,889,764 $1,479,687,587
1982 $30,725,971,564 $1,407,243,139
1981 $28,100,606,061 $1,407,062,527
1980 $23,654,444,444 $1,254,765,642
1979 $19,688,383,838 $1,109,346,131
1978 $17,811,515,152 $905,709,076
1977 $15,126,060,606 $746,650,613
1976 $13,168,080,808 $637,753,853
1975 $11,230,606,061 $571,863,500
1974 $8,899,191,919 $308,458,423
1973 $6,383,429,490 $290,746,157
1972 $9,415,016,360 $246,457,838
1971 $10,665,896,682 $222,952,504
1970 $10,027,509,450 $219,900,006
1969 $8,683,116,338 $188,700,037
1968 $8,041,999,160 $172,200,018
1967 $7,464,510,710 $159,560,018
1966 $6,561,108,778 $124,525,703
1965 $5,929,231,415 $148,799,980
1964 $5,204,955,901 $129,999,994
1963 $4,630,827,383 $128,000,000
1962 $4,310,163,797 $125,000,008
1961 $4,118,647,627 $122,000,016
1960 $3,749,265,015 $119,000,024

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

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

GDP per capita in Pakistan vs Rwanda by year

Pakistan
GDP per capita

GDP per capita, PPP
Rwanda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Pakistan Rwanda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,479 $6,252 $1,000 $3,711
2023 $1,360 $6,014 $1,027 $3,399
2022 $1,538 $5,920 $975 $3,099
2021 $1,455 $5,367 $830 $2,733
2020 $1,278 $5,048 $779 $2,285
2019 $1,390 $5,038 $810 $2,336
2018 $1,569 $4,979 $772 $2,125
2017 $1,519 $4,790 $758 $1,968
2016 $1,425 $4,631 $730 $1,866
2015 $1,380 $4,480 $734 $1,781
2014 $1,267 $4,313 $725 $1,678
2013 $1,225 $4,174 $705 $1,512
2012 $1,204 $4,047 $707 $1,455
2011 $1,132 $3,880 $651 $1,413
2010 $987 $3,786 $594 $1,314
2009 $964 $3,777 $564 $1,241
2008 $1,067 $3,721 $528 $1,191
2007 $998 $3,672 $426 $1,079
2006 $901 $3,515 $357 $1,002
2005 $828 $3,293 $324 $914
2004 $772 $3,048 $269.5 $832
2003 $672 $2,822 $249 $775
2002 $600 $2,688 $234 $760
2001 $610 $2,644 $237.3 $670
2000 $642 $2,565 $251.9 $609
1999 $418 $2,475 $264.7 $554
1998 $424 $2,419 $246.2 $528
1997 $438 $2,398 $238.7 $500
1996 $457 $2,401 $206 $499
1995 $451 $2,315 $228 $514
1994 $400 $2,224 $111 $311
1993 $408 $2,160 $247 $521
1992 $396 $2,132 $264.1 $575
1991 $380 $1,992 $254 $542
1990 $344 $1,895 $346 $549
1989 $358 - $335 -
1988 $354 - $344 -
1987 $317 - $320 -
1986 $314 - $297.7 -
1985 $317 - $271.6 -
1984 $327 - $259.9 -
1983 $311 - $250.6 -
1982 $345 - $246.4 -
1981 $328 - $254.6 -
1980 $287.4 - $234.4 -
1979 $249.2 - $213.8 -
1978 $233.4 - $179.9 -
1977 $204.7 - $152.7 -
1976 $183.9 - $134.4 -
1975 $161.7 - $124.1 -
1974 $132 - $68.9 -
1973 $97.5 - $66.9 -
1972 $148.1 - $58.4 -
1971 $172.5 - $54.4 -
1970 $166.7 - $55.2 -
1969 $148.5 - $48.9 -
1968 $141.6 - $46 -
1967 $135.2 - $44 -
1966 $122.2 - $35.4 -
1965 $113.6 - $43.5 -
1964 $102.5 - $39 -
1963 $93.7 - $39.3 -
1962 $89.5 - $39.2 -
1961 $87.8 - $39.3 -
1960 $82 - $39.4 -

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

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

Pakistan's GDP per capita is $1,479, ranking 163/197, compared to $1,000 in Rwanda, ranking 178/197. Adjusted for purchasing power (GDP per capita PPP), Pakistan ranks 150th at $6,252, while Rwanda ranks 168th at $3,711.

Economic indicators

Pakistan Rwanda
Gross domestic product
$372B
2024
$14.3B
2024
GDP rank
43/197
2024
144/197
2024
GDP growth
3.05%
2023-2024
8.89%
2023-2024
GDP per capita
$1,479
2024
$1,000
2024
GDP per capita rank
163/197
2024
178/197
2024
GDP per capita, PPP
$6,252
2024
$3,711
2024
GDP per capita PPP rank
150/197
2024
168/197
2024
Government debt
$262B
2024
$9.58B
2024
Debt-to-GDP ratio
70.4%
2024
67.2%
2024
Government debt per person
$1,041
2024
$672
2024
Government debt per person rank
140/185
2024
157/185
2024
Average annual personal income after taxes
$1,668
2026
$2,194
2026
Market capitalization of domestic companies
$52.1B
2024
$2.75B
2024
Income share by richest 10%
25.5%
2018
33.4%
2023
Income share by poorest 10%
4.2%
2018
3.1%
2023
Government expenditure, % of GDP
19.5%
2024
28.8%
2024
Consumer prices inflation
12.6%
2023-2024
1.77%
2023-2024
Central bank interest rate
10.5%
2025
6.75%
2025
Unemployment rate
6.96%
2025
11.3%
2024
Population
260356147
14975051

Spending and national debt comparison by year

Pakistan
Spending

Debt
Rwanda
Spending

Debt
1x
Year % of GDP
Pakistan Rwanda
Government spending Government debt Government spending Government debt
2024 19.5% 70.4% 28.8% 67.2%
2023 19.3% 78.5% 27% 63.4%
2022 20% 77.3% 29.7% 60.9%
2021 18.5% 74.7% 31.6% 67.3%
2020 20.3% 80.8% 33.5% 68.7%
2019 19.1% 78.7% 28.2% 53.6%
2018 19.1% 66.3% 26.4% 49.2%
2017 19.1% 62.1% 25.1% 45.6%
2016 17.7% 62.1% 25.1% 41.1%
2015 17.8% 59.1% 26.6% 33.1%
2014 18.1% 58.8% 27.5% 29.1%
2013 19.5% 59.2% 26.2% 26.7%
2012 19.4% 58.4% 24.6% 19.1%
2011 17.9% 56.2% 24.7% 18.7%
2010 18.3% 56.7% 23.8% 18.8%
2009 17.3% 54.6% 22.3% 18.5%
2008 18% 49.5% 22.5% 18.3%
2007 16.1% 44.2% 22.4% 22.1%
2006 14.5% 46.2% 20.6% 22.5%
2005 13% 47.9% 19.9% 58.9%
2004 12.1% 50.6% 17.9% 80.9%
2003 12.9% 56.3% 18.5% 79.5%
2002 14.4% 60.5% 20.5% 92%
2001 12.9% 65.1% 19.1% 84%
2000 13.8% 61.7% 18.2% 86%
1999 13.2% 60.7% 22.4% 78.4%
1998 14.1% 53.8% 16.4% 70.1%
1997 13.7% 52.8% 17% 72.2%
1996 15% 52.5% 19.5% 83.4%
1995 14% 52.3% 18% 100.8%
1994 14.5% 58.5% 13.3% -
1993 17% 57.9% 20.3% -
1992 22.6% 53.3% 21.5% -
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 (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1993, retrieved 2026-02-20).

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

In 2024, Pakistan's government spending was $72.4B, accounting for 19.5% of its GDP, while Rwanda spent $4.1B, or 28.8% of GDP.

Debt-to-GDP ratio is 70.4% in Pakistan and 67.2% in Rwanda, ranking 56/185 and 65/185, respectively.

Government deficit by year

Deficit/surplus
Pakistan

Rwanda
1x
Year Deficit/surplus, % of GDP
Pakistan Rwanda
2024 -6.81% -6.57%
2023 -7.76% -5.04%
2022 -7.84% -5.74%
2021 -6.04% -7%
2020 -7.03% -9.54%
2019 -7.79% -5.08%
2018 -5.67% -2.57%
2017 -5.17% -2.52%
2016 -3.92% -2.27%
2015 -4.74% -2.68%
2014 -4.37% -3.92%
2013 -7.48% -1.27%
2012 -7.74% -2.38%
2011 -6.23% -0.86%
2010 -5.42% -0.64%
2009 -4.53% 0.26%
2008 -5.94% 0.83%
2007 -4.23% -1.56%
2006 -2.79% -0.03%
2005 -2.29% 1.12%
2004 -1.29% 2.27%
2003 -0.12% -1.23%
2002 -2.64% -2.03%
2001 -2.45% -1.8%
2000 -3.21% -0.22%
1999 -3.07% -4.41%
1998 -4.46% -2.59%
1997 -3.87% -2.22%
1996 -4.33% -5.01%
1995 -3.9% -2.04%
1994 -3.63% -9.54%
1993 -5.53% -6.6%
1992 -11.3% -7.21%
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/pakistan/rwanda | CC BY

In 2024, Pakistan's government deficit, the difference between spending and revenue, was $25.3B, equivalent to 6.81% of GDP. This compares to Rwanda's deficit of $936M, or 6.57% of GDP.

Over the past 33 years, Pakistan recorded a fiscal deficit in 33 of those years, while Rwanda ran a deficit in 29 years. On average, Pakistan posted an annual deficit equal to 4.96% of GDP, compared to deficit of 3.03% of GDP for Rwanda.

Inflation comparison by year

Inflation
Pakistan

Rwanda
1x
Year Consumer prices inflation
Pakistan Rwanda
2024 12.6% 1.77%
2023 30.8% 19.8%
2022 19.9% 17.7%
2021 9.5% -0.39%
2020 9.74% 9.85%
2019 10.6% 3.35%
2018 5.08% -0.31%
2017 4.09% 8.28%
2016 3.77% 7.17%
2015 2.53% 2.53%
2014 7.19% 2.35%
2013 7.69% 5.92%
2012 9.68% 10.3%
2011 11.9% 3.08%
2010 12.9% -0.25%
2009 13.6% 12.9%
2008 20.3% 15.4%
2007 7.6% 9.08%
2006 7.92% 8.88%
2005 9.06% 9.01%
2004 7.44% 12.3%
2003 2.91% 7.45%
2002 3.29% 1.99%
2001 3.15% 3.34%
2000 4.37% 3.9%
1999 4.14% -2.41%
1998 6.23% 6.21%
1997 11.4% 12%

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

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

Over the past 28 years, Pakistan has recorded an average annual inflation rate of 9.26%, compared with 6.83% in Rwanda. In 2024, inflation was 12.6% in Pakistan and 1.77% in Rwanda.

Top exports between countries

Pakistan
Export category Export value
Chemicals & pharma $394K
Machinery & equipment $227K
Textiles & consumer goods $75K
Metals $2K
Processed food, beverages & tobacco $2K
Wood & paper products $1K
Rwanda
Export category Export value
Raw agricultural goods $137K
Raw materials & minerals $92K
Miscellaneous $5K
Textiles & consumer goods $1K

Balance of trade

Pakistan Rwanda
Current account balance
$496M
2024
-$1.81B
2024
Current account balance ranking
63/190
2024
140/190
2024
Current account balance, % of GDP
+0.13%
2024
-12.7%
2024
Goods imports
$55.6B
2024
$5.55B
2024
Goods exports
$32.1B
2024
$3.2B
2024
Service imports
$11.2B
2024
$991M
2024
Service exports
$8.1B
2024
$1.08B
2024
Imports of goods and services, % of GDP
17.2%
2024
39.1%
2024
Exports of goods and services, % of GDP
10.4%
2024
30.8%
2024

Economic freedom indices

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

Pakistan Rwanda
Economic freedom 48.9 56.5
Economic freedom ranking 168/197 121/197
Property rights 25.7 60.3
Government integrity 26.3 53.9
Judicial effectiveness 27.6 27.5
Tax burden 78.2 80.6
Government spending 88.5 75.7
Fiscal health 10.1 37.5
Business freedom 54.4 60.1
Labor freedom 51.7 49.1
Monetary freedom 54.1 72.3
Trade freedom 70.4 61.8
Investment freedom 60 60
Financial freedom 40 40

Economic freedom comparison by year

Pakistan
Rwanda
1x
Year Economic freedom index
Pakistan Rwanda
2026 48.9 56.5
2025 49.1 54.8
2024 49.5 51.6
2023 49.4 52.2
2022 48.8 57.1
2021 51.7 68.3
2020 54.8 70.9
2019 55 71.1
2018 54.4 69.1
2017 52.8 67.6
2016 55.9 63.1
2015 55.6 64.8
2014 55.2 64.7
2013 55.1 64.1
2012 54.7 64.9
2011 55.1 62.7
2010 55.2 59.1
2009 57 54.2
2008 55.6 54.2
2007 57.2 52.4
2006 57.9 52.8
2005 53.3 51.7
2004 54.9 53.3
2003 55 47.8
2002 55.8 50.4
2001 56 45.4
2000 56.4 42.3
1999 53 39.8
1998 53.2 39.1
1997 56 38.3
1996 58.4 -
1995 57.6 -

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

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

The Economic Freedom Index for Pakistan is 48.9, ranking 168/197, compared to 56.5 for Rwanda, ranking 121/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Pakistan Rwanda
Services, % of GDP
50.7%
2024
47.6%
2024
Industry, % of GDP
20.2%
2024
21%
2024
Agriculture, forestry, and fishing, % of GDP
23.7%
2024
24.6%
2024
GNI, Atlas method
$358B
2024
$14.8B
2024
GNI per capita, PPP
$6,100
2024
$3,620
2024
Total reserves including gold
$18.4B
2024
$2.41B
2024
Total reserves ranking
63/177
2024
123/177
2024
Net foreign direct investment
-$2.58B
2024
-$560M
2024
Net inflows of foreign direct investment
$2.66B
2024
$573M
2024
Net outflows of foreign direct investment
$84M
2024
$13.2M
2024
Servicing debt to the IMF, % of GNI
4.5%
2024
3.09%
2024
Poverty at national poverty lines
21.9%
2018
27.4%
2023
Gross capital formation, % of GDP
13.2%
2024
25.9%
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/pakistan/rwanda | 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.