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Economy of Pakistan vs Singapore compared: GDP & Debt

Updated on by Georank

Pakistan has a GDP of $407B compared to $604B for Singapore, ranking 41/197 and 28/197 by economy size, respectively.

Pakistan has $297B in government debt (72.8% of GDP), compared to $1.03T (171.3% of GDP) in Singapore.

Pakistan vs Singapore GDP by year

Pakistan
Singapore
1x
Year GDP, current $
Pakistan Singapore
2025 $407,307,214,476 $603,869,516,999
2024 $371,747,087,751 $572,877,260,178
2023 $336,686,348,609 $511,181,761,244
2022 $374,890,295,667 $514,252,535,239
2021 $348,516,647,445 $441,110,903,525
2020 $300,425,609,818 $351,226,533,656
2019 $320,909,472,771 $376,827,390,962
2018 $356,128,166,705 $377,976,367,877
2017 $339,205,534,861 $344,795,119,214
2016 $313,630,000,130 $320,759,207,439
2015 $299,963,590,535 $307,998,545,269
2014 $271,390,474,858 $314,863,580,758
2013 $258,657,231,672 $307,576,360,585
2012 $250,106,966,105 $295,092,888,077
2011 $230,586,581,060 $279,356,499,090
2010 $196,709,621,850 $239,807,980,591
2009 $187,337,783,856 $194,150,283,772
2008 $202,203,748,584 $193,617,323,539
2007 $184,140,869,997 $180,941,701,358
2006 $161,871,385,506 $148,627,286,361
2005 $145,208,562,961 $127,807,848,728
2004 $132,216,048,339 $115,033,593,101
2003 $112,371,913,741 $97,646,401,096
2002 $97,923,302,809 $92,538,372,870
2001 $97,145,618,480 $89,793,790,670
2000 $99,484,802,345 $96,076,539,926
1999 $62,973,857,069 $86,286,849,755
1998 $62,191,955,814 $85,728,207,782
1997 $62,433,340,468 $100,123,787,215
1996 $63,320,170,084 $96,293,086,513
1995 $60,636,071,684 $87,812,540,788
1994 $52,293,470,813 $73,688,724,431
1993 $51,809,999,353 $60,603,815,716
1992 $48,884,671,947 $52,131,320,033
1991 $45,625,336,680 $45,466,164,978
1990 $40,010,423,970 $36,144,336,769
1989 $40,171,106,279 $30,465,364,739
1988 $38,472,742,808 $25,371,462,488
1987 $33,351,529,275 $20,919,215,578
1986 $31,899,070,056 $18,586,746,057
1985 $31,144,920,844 $19,156,532,746
1984 $31,151,825,467 $19,749,361,098
1983 $28,691,889,764 $17,784,112,150
1982 $30,725,971,564 $16,084,252,378
1981 $28,100,606,061 $14,175,228,844
1980 $23,654,444,444 $11,896,256,783
1979 $19,688,383,838 $9,296,921,724
1978 $17,811,515,152 $7,517,176,355
1977 $15,126,060,606 $6,618,585,074
1976 $13,168,080,808 $6,327,077,974
1975 $11,230,606,061 $5,633,673,930
1974 $8,899,191,919 $5,221,534,956
1973 $6,383,429,490 $3,696,213,333
1972 $9,415,016,360 $2,721,440,981
1971 $10,665,896,682 $2,263,785,444
1970 $10,027,509,450 $1,920,574,150
1969 $8,683,116,338 $1,659,893,768
1968 $8,041,999,160 $1,425,706,091
1967 $7,464,510,710 $1,238,035,816
1966 $6,561,108,778 $1,096,425,608
1965 $5,929,231,415 $974,644,096
1964 $5,204,955,901 $894,153,311
1963 $4,630,827,383 $917,608,012
1962 $4,310,163,797 $826,239,212
1961 $4,118,647,627 $764,629,788
1960 $3,749,265,015 $704,751,700

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Pakistan vs Singapore by year

Pakistan
GDP per capita

GDP per capita, PPP
Singapore
GDP per capita

GDP per capita, PPP
1x
Year Current $
Pakistan Singapore
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,596 - $98,814 -
2024 $1,479 $6,252 $94,897 $150,689
2023 $1,360 $6,014 $86,383 $143,786
2022 $1,538 $5,920 $91,228 $143,095
2021 $1,455 $5,367 $80,885 $132,617
2020 $1,278 $5,048 $61,773 $101,518
2019 $1,390 $5,038 $66,069 $105,335
2018 $1,569 $4,979 $67,033 $103,963
2017 $1,519 $4,790 $61,436 $95,744
2016 $1,425 $4,631 $57,204 $89,902
2015 $1,380 $4,480 $55,646 $87,156
2014 $1,267 $4,313 $57,565 $84,555
2013 $1,225 $4,174 $56,967 $83,088
2012 $1,204 $4,047 $55,548 $82,108
2011 $1,132 $3,880 $53,891 $80,052
2010 $987 $3,786 $47,237 $75,401
2009 $964 $3,777 $38,927 $66,213
2008 $1,067 $3,721 $40,009 $67,735
2007 $998 $3,672 $39,433 $68,805
2006 $901 $3,515 $33,768 $64,061
2005 $828 $3,293 $29,961 $58,822
2004 $772 $3,048 $27,608 $54,384
2003 $672 $2,822 $23,730 $48,778
2002 $600 $2,688 $22,160 $45,083
2001 $610 $2,644 $21,700 $43,109
2000 $642 $2,565 $23,853 $43,781
1999 $418 $2,475 $21,797 $39,949
1998 $424 $2,419 $21,829 $37,560
1997 $438 $2,398 $26,376 $39,286
1996 $457 $2,401 $26,233 $36,873
1995 $451 $2,315 $24,915 $35,090
1994 $400 $2,224 $21,552 $33,058
1993 $408 $2,160 $18,290 $30,062
1992 $396 $2,132 $16,136 $27,022
1991 $380 $1,992 $14,502 $25,530
1990 $344 $1,895 $11,862 $23,815
1989 $358 - $10,395 -
1988 $354 - $8,914 -
1987 $317 - $7,539 -
1986 $314 - $6,800 -
1985 $317 - $7,002 -
1984 $327 - $7,228 -
1983 $311 - $6,633 -
1982 $345 - $6,078 -
1981 $328 - $5,597 -
1980 $287.4 - $4,928 -
1979 $249.2 - $3,901 -
1978 $233.4 - $3,194 -
1977 $204.7 - $2,846 -
1976 $183.9 - $2,759 -
1975 $161.7 - $2,490 -
1974 $132 - $2,342 -
1973 $97.5 - $1,685 -
1972 $148.1 - $1,264 -
1971 $172.5 - $1,071 -
1970 $166.7 - $926 -
1969 $148.5 - $813 -
1968 $141.6 - $709 -
1967 $135.2 - $626 -
1966 $122.2 - $567 -
1965 $113.6 - $517 -
1964 $102.5 - $486 -
1963 $93.7 - $511 -
1962 $89.5 - $472 -
1961 $87.8 - $449 -
1960 $82 - $428 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Pakistan's GDP per capita is $1,596, ranking 164/197, compared to $98,814 in Singapore, ranking 7/197. Adjusted for purchasing power (GDP per capita PPP), Pakistan ranks 150th at $6,252, while Singapore ranks 2nd at $150,689.

Economic indicators

Pakistan Singapore
Gross domestic product
$407B
2025
$604B
2025
GDP rank
41/197
2025
28/197
2025
GDP growth
3.7%
2024-2025
5.03%
2024-2025
GDP per capita
$1,596
2025
$98,814
2025
GDP per capita rank
164/197
2025
7/197
2025
GDP per capita, PPP
$6,252
2024
$150,689
2024
GDP per capita PPP rank
150/197
2024
2/197
2024
Government debt
$297B
2025
$1.03T
2025
Debt-to-GDP ratio
72.8%
2025
171.3%
2025
Government debt per person
$1,162
2025
$169,228
2025
Government debt per person rank
138/185
2025
1/185
2025
Average annual personal income after taxes
$1,775
2026
$51,296
2026
Market capitalization of domestic companies
$70.3B
2025
$824B
2025
Number of millionaires n/a
244,000
2026
Number of billionaires n/a
55
2026
Income share by richest 10%
27.7%
2024
n/a
Income share by poorest 10%
3.4%
2024
n/a
Government expenditure, % of GDP
21.2%
2025
15.5%
2025
Consumer prices inflation
3.55%
2024-2025
0.9%
2024-2025
Central bank interest rate
11.5%
2026
n/a
Unemployment rate
6.96%
2025
3.26%
2025
Population
261421997
6167445

Spending and national debt comparison by year

Pakistan
Spending

Debt
Singapore
Spending

Debt
1x
Year % of GDP
Pakistan Singapore
Government spending Government debt Government spending Government debt
2025 21.2% 72.8% 15.5% 171.3%
2024 19.4% 70.2% 14.3% 166%
2023 19.3% 78.5% 14.6% 170.4%
2022 20% 77.3% 14.9% 153.3%
2021 18.5% 74.7% 15.4% 139.9%
2020 20.3% 80.8% 24% 147.1%
2019 19.1% 78.7% 14% 127.7%
2018 19.1% 66.3% 13.9% 109.2%
2017 19.1% 62.1% 13.6% 107.3%
2016 17.7% 62.1% 15.2% 105.9%
2015 17.8% 59.1% 14.4% 102.1%
2014 18.1% 58.8% 12.6% 97.7%
2013 19.5% 59.2% 10.9% 98.2%
2012 19.4% 58.4% 9.83% 106.7%
2011 17.9% 56.2% 9.66% 103.1%
2010 18.3% 56.7% 10.2% 98.7%
2009 17.3% 54.6% 15.9% 101.7%
2008 18% 49.5% 14% 97.9%
2007 16.1% 44.2% 9.01% 87.8%
2006 14.5% 46.2% 12.3% 86.5%
2005 13% 47.9% 12.4% 92.7%
2004 12.1% 50.6% 14.1% 95.7%
2003 12.9% 56.3% 15.6% 99.1%
2002 14.4% 60.5% 15.9% 96.3%
2001 12.9% 65.1% 18.2% 94.5%
2000 13.8% 61.7% 16.1% 82.3%
1999 13.2% 60.7% 15.9% 85.3%
1998 14.1% 53.8% 18.1% 84.6%
1997 13.7% 52.8% 14.5% 70.8%
1996 15% 52.5% 18.1% 71.3%
1995 14% 52.3% 13.8% 69.8%
1994 14.5% 58.5% 11.7% 70.7%
1993 17% 57.9% 14.5% 71.2%
1992 22.6% 53.3% 14.5% 79%
1991 21.4% 55.8% 15.9% 76.4%
1990 23.9% 48.3% 15.1% 73.5%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1993, retrieved 2026-07-08).

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

In 2025, Pakistan's government spending was $86.4B, accounting for 21.2% of its GDP, while Singapore spent $93.3B, or 15.5% of GDP.

Debt-to-GDP ratio is 72.8% in Pakistan and 171.3% in Singapore, ranking 53/185 and 5/185, respectively.

Government deficit by year

Deficit/surplus
Pakistan

Singapore
1x
Year Deficit/surplus, % of GDP
Pakistan Singapore
2025 -5.37% 4.16%
2024 -6.79% 3.79%
2023 -7.76% 3.42%
2022 -7.84% 1.2%
2021 -6.04% 1.11%
2020 -7.03% -6.68%
2019 -7.79% 3.76%
2018 -5.67% 3.67%
2017 -5.17% 5.23%
2016 -3.92% 3.24%
2015 -4.74% 2.86%
2014 -4.37% 4.6%
2013 -7.48% 5.96%
2012 -7.74% 7.34%
2011 -6.23% 7.96%
2010 -5.42% 5.68%
2009 -4.53% -0.09%
2008 -5.94% 3.59%
2007 -4.23% 7.12%
2006 -2.79% 2.16%
2005 -2.29% 2.56%
2004 -1.29% 2.06%
2003 -0.12% 0.68%
2002 -2.64% 2.23%
2001 -2.45% 1.2%
2000 -3.21% 4.59%
1999 -3.07% 5.2%
1998 -4.46% 2.41%
1997 -3.87% 5.66%
1996 -4.33% 1.98%
1995 -3.9% 4.8%
1994 -3.63% 7.9%
1993 -5.53% 4.36%
1992 -11.3% 2.7%
1991 -10.8% 0.68%
1990 -11.9% 1.97%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1992, retrieved 2026-07-08).

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

In 2025, Pakistan's government deficit, the difference between spending and revenue, was $21.9B, equivalent to 5.37% of GDP. This compares to Singapore's surplus of $25.1B, or 4.16% of GDP.

Over the past 36 years, Pakistan recorded a fiscal deficit in 36 of those years, while Singapore ran a deficit in 2 years. On average, Pakistan posted an annual deficit equal to 5.32% of GDP, compared to surplus of 3.36% of GDP for Singapore.

Inflation comparison by year

Inflation
Pakistan

Singapore
1x
Year Consumer prices inflation
Pakistan Singapore
2025 3.55% 0.9%
2024 12.6% 2.39%
2023 30.8% 4.83%
2022 19.9% 6.13%
2021 9.5% 2.32%
2020 9.74% -0.17%
2019 10.6% 0.57%
2018 5.08% 0.44%
2017 4.09% 0.58%
2016 3.77% -0.53%
2015 2.53% -0.52%
2014 7.19% 1.03%
2013 7.69% 2.36%
2012 9.68% 4.58%
2011 11.9% 5.25%
2010 12.9% 2.83%
2009 13.6% 0.59%
2008 20.3% 6.64%
2007 7.6% 2.11%
2006 7.92% 0.97%
2005 9.06% 0.43%
2004 7.44% 1.66%
2003 2.91% 0.51%
2002 3.29% -0.39%
2001 3.15% 1%
2000 4.37% 1.36%
1999 4.14% 0.02%
1998 6.23% -0.27%
1997 11.4% 2%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Pakistan has recorded an average annual inflation rate of 9.07%, compared with 1.71% in Singapore. In 2025, inflation was 3.55% in Pakistan and 0.9% in Singapore.

Top exports between countries

Pakistan
Export category Export value
Raw materials & minerals $157M
Machinery & equipment $72.8M
Textiles & consumer goods $28.8M
Raw agricultural goods $6.43M
Chemicals & pharma $4.55M
Processed food, beverages & tobacco $4.36M
Animal & marine products $2.07M
Metals $1.46M
Wood & paper products $252K
Miscellaneous $26K
Singapore
Export category Export value
Raw materials & minerals $837M
Machinery & equipment $397M
Chemicals & pharma $239M
Metals $89.3M
Textiles & consumer goods $72.5M
Processed food, beverages & tobacco $29.5M
Wood & paper products $25.5M
Miscellaneous $13.9M
Raw agricultural goods $2.4M
Animal & marine products $566K

Balance of trade

Pakistan Singapore
Current account balance
-$448M
2025
$101B
2025
Current account balance ranking
102/190
2025
8/190
2025
Current account balance, % of GDP
-0.11%
2025
+16.7%
2025
Goods imports
$62.6B
2025
$475B
2025
Goods exports
$31.5B
2025
$652B
2025
Service imports
$12B
2025
$385B
2025
Service exports
$9.09B
2025
$422B
2025
Imports of goods and services, % of GDP
17.2%
2025
142.5%
2025
Exports of goods and services, % of GDP
9.99%
2025
177.9%
2025

Economic freedom indices

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

Pakistan Singapore
Economic freedom 48.9 84.4
Economic freedom ranking 168/197 1/197
Property rights 25.7 89.2
Government integrity 26.3 86.1
Judicial effectiveness 27.6 58.3
Tax burden 78.2 89.5
Government spending 88.5 93.4
Fiscal health 10.1 80
Business freedom 54.4 90.6
Labor freedom 51.7 77
Monetary freedom 54.1 83.5
Trade freedom 70.4 95
Investment freedom 60 90
Financial freedom 40 80

Economic freedom comparison by year

Pakistan
Singapore
1x
Year Economic freedom index
Pakistan Singapore
2026 48.9 84.4
2025 49.1 84.1
2024 49.5 83.5
2023 49.4 83.9
2022 48.8 84.4
2021 51.7 89.7
2020 54.8 89.4
2019 55 89.4
2018 54.4 88.8
2017 52.8 88.6
2016 55.9 87.8
2015 55.6 89.4
2014 55.2 89.4
2013 55.1 88
2012 54.7 87.5
2011 55.1 87.2
2010 55.2 86.1
2009 57 87.1
2008 55.6 87.3
2007 57.2 87.1
2006 57.9 88
2005 53.3 88.6
2004 54.9 88.9
2003 55 88.2
2002 55.8 87.4
2001 56 87.8
2000 56.4 87.7
1999 53 86.9
1998 53.2 87
1997 56 87.3
1996 58.4 86.5
1995 57.6 86.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Pakistan is 48.9, ranking 168/197, compared to 84.4 for Singapore, ranking 1/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Pakistan Singapore
Services, % of GDP
50.9%
2025
71.6%
2025
Industry, % of GDP
20.1%
2025
22.7%
2025
Agriculture, forestry, and fishing, % of GDP
23%
2025
0.02%
2025
GNI, Atlas method
$382B
2025
$500B
2025
GNI per capita, PPP
$6,430
2025
$135,750
2025
Total reserves including gold
$26.5B
2025
$432B
2025
Total reserves ranking
62/177
2025
11/177
2025
Net foreign direct investment
-$1.58B
2025
-$64.9B
2025
Net inflows of foreign direct investment
$2.66B
2024
$135B
2024
Net outflows of foreign direct investment
$84M
2024
$63.6B
2024
Servicing debt to the IMF, % of GNI
4.5%
2024
n/a
Poverty at national poverty lines
21.9%
2018
n/a
Gross capital formation, % of GDP
14.3%
2025
22.5%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1993, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.