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Economy of Pakistan vs Slovakia compared: GDP & Debt

Updated on by Georank team

Pakistan has a GDP of $372B compared to $141B for Slovakia, ranking 43/197 and 61/197 by economy size, respectively.

Pakistan has $262B in government debt (70.4% of GDP), compared to $80.7B (57.2% of GDP) in Slovakia.

Pakistan vs Slovakia GDP by year

Pakistan
Slovakia
1x
Year GDP, current $
Pakistan Slovakia
2024 $371,570,000,121 $140,934,076,532
2023 $336,686,348,609 $133,578,518,424
2022 $374,890,295,667 $115,792,972,358
2021 $348,516,647,445 $120,511,265,913
2020 $300,425,609,818 $107,732,602,896
2019 $320,909,472,771 $105,843,498,304
2018 $356,128,166,705 $106,611,673,365
2017 $339,205,534,861 $95,978,130,735
2016 $313,630,000,130 $90,347,173,229
2015 $299,963,590,535 $89,178,548,717
2014 $271,390,474,858 $101,713,075,599
2013 $258,657,231,672 $99,134,277,850
2012 $250,106,966,105 $94,724,394,278
2011 $230,586,581,060 $99,705,104,723
2010 $196,709,621,850 $91,112,160,801
2009 $187,337,783,856 $89,342,984,698
2008 $202,203,748,584 $100,830,060,553
2007 $184,140,869,997 $86,587,749,518
2006 $161,871,385,506 $70,751,813,443
2005 $145,208,562,961 $62,547,753,148
2004 $132,216,048,339 $57,215,475,076
2003 $112,371,913,741 $46,616,149,117
2002 $97,923,302,809 $35,243,658,399
2001 $97,145,618,480 $30,726,659,551
2000 $99,484,802,345 $29,215,726,005
1999 $62,973,857,069 $30,496,272,225
1998 $62,191,955,814 $29,976,207,629
1997 $62,433,340,468 $27,844,628,979
1996 $63,320,170,084 $28,197,790,875
1995 $60,636,071,684 $26,180,022,222
1994 $52,293,470,813 $20,428,139,756
1993 $51,809,999,353 $16,737,973,764
1992 $48,884,671,947 $15,699,327,209
1991 $45,625,336,680 $14,459,924,589
1990 $40,010,423,970 $12,915,046,978
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/pakistan/slovakia | CC BY

GDP per capita in Pakistan vs Slovakia by year

Pakistan
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Pakistan Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,479 $6,252 $25,993 $48,132
2023 $1,360 $6,014 $24,615 $45,974
2022 $1,538 $5,920 $21,318 $41,562
2021 $1,455 $5,367 $22,123 $38,346
2020 $1,278 $5,048 $19,735 $35,328
2019 $1,390 $5,038 $19,406 $33,986
2018 $1,569 $4,979 $19,573 $31,510
2017 $1,519 $4,790 $17,646 $30,246
2016 $1,425 $4,631 $16,636 $29,868
2015 $1,380 $4,480 $16,442 $30,148
2014 $1,267 $4,313 $18,771 $29,108
2013 $1,225 $4,174 $18,313 $28,075
2012 $1,204 $4,047 $17,517 $27,023
2011 $1,132 $3,880 $18,469 $26,202
2010 $987 $3,786 $16,899 $25,382
2009 $964 $3,777 $16,587 $23,077
2008 $1,067 $3,721 $18,744 $23,714
2007 $998 $3,672 $16,110 $21,232
2006 $901 $3,515 $13,168 $18,906
2005 $828 $3,293 $11,642 $16,570
2004 $772 $3,048 $10,650 $15,166
2003 $672 $2,822 $8,675 $14,088
2002 $600 $2,688 $6,555 $13,292
2001 $610 $2,644 $5,712 $12,367
2000 $642 $2,565 $5,422 $11,370
1999 $418 $2,475 $5,652 $10,726
1998 $424 $2,419 $5,561 $10,666
1997 $438 $2,398 $5,172 $10,137
1996 $457 $2,401 $5,248 $9,500
1995 $451 $2,315 $4,883 $8,812
1994 $400 $2,224 $3,821 $8,178
1993 $408 $2,160 $3,143 $7,569
1992 $396 $2,132 $2,959 $7,270
1991 $380 $1,992 $2,727 $7,623
1990 $344 $1,895 $2,437 $8,638
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/slovakia | CC BY

Pakistan's GDP per capita is $1,479, ranking 163/197, compared to $25,993 in Slovakia, ranking 47/197. Adjusted for purchasing power (GDP per capita PPP), Pakistan ranks 150th at $6,252, while Slovakia ranks 49th at $48,132.

Economic indicators

Pakistan Slovakia
Gross domestic product
$372B
2024
$141B
2024
GDP rank
43/197
2024
61/197
2024
GDP growth
3.05%
2023-2024
1.94%
2023-2024
GDP per capita
$1,479
2024
$25,993
2024
GDP per capita rank
163/197
2024
47/197
2024
GDP per capita, PPP
$6,252
2024
$48,132
2024
GDP per capita PPP rank
150/197
2024
49/197
2024
Government debt
$262B
2024
$80.7B
2024
Debt-to-GDP ratio
70.4%
2024
57.2%
2024
Government debt per person
$1,041
2024
$14,876
2024
Government debt per person rank
140/185
2024
40/185
2024
Average annual personal income after taxes
$1,668
2026
$17,983
2026
Market capitalization of domestic companies
$52.1B
2024
$5.38B
2014
Number of billionaires n/a
2
2025
Income share by richest 10%
25.5%
2018
18.8%
2023
Income share by poorest 10%
4.2%
2018
3.3%
2023
Government expenditure, % of GDP
19.5%
2024
47.1%
2024
Consumer prices inflation
12.6%
2023-2024
2.76%
2023-2024
Central bank interest rate
10.5%
2025
n/a
Unemployment rate
6.96%
2025
5.34%
2024
Population
260356147
5359438

Spending and national debt comparison by year

Pakistan
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Pakistan Slovakia
Government spending Government debt Government spending Government debt
2024 19.5% 70.4% 47.1% 57.2%
2023 19.3% 78.5% 48% 55.6%
2022 20% 77.3% 43% 57.7%
2021 18.5% 74.7% 44.9% 60.2%
2020 20.3% 80.8% 44.5% 58.4%
2019 19.1% 78.7% 40.6% 48%
2018 19.1% 66.3% 39.7% 49.3%
2017 19.1% 62.1% 39.8% 51.4%
2016 17.7% 62.1% 40.9% 52.1%
2015 17.8% 59.1% 44.1% 51.6%
2014 18.1% 58.8% 42% 53.4%
2013 19.5% 59.2% 41.1% 54.6%
2012 19.4% 58.4% 40% 51.7%
2011 17.9% 56.2% 40.8% 43.3%
2010 18.3% 56.7% 41% 40.7%
2009 17.3% 54.6% 43.2% 36.4%
2008 18% 49.5% 36.5% 28.6%
2007 16.1% 44.2% 35.9% 30.4%
2006 14.5% 46.2% 38.2% 31.5%
2005 13% 47.9% 39.1% 35%
2004 12.1% 50.6% 38.4% 42%
2003 12.9% 56.3% 40% 43.6%
2002 14.4% 60.5% 46% 45.6%
2001 12.9% 65.1% 46.2% 51.4%
2000 13.8% 61.7% 53.2% 50.6%
1999 13.2% 60.7% 48.4% 47.1%
1998 14.1% 53.8% 46.2% 33.9%
1997 13.7% 52.8% 48.6% 32.8%
1996 15% 52.5% 52.8% 30.3%
1995 14% 52.3% 47.8% 21.3%
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/pakistan/slovakia | CC BY

In 2024, Pakistan's government spending was $72.4B, accounting for 19.5% of its GDP, while Slovakia spent $66.4B, or 47.1% of GDP.

Debt-to-GDP ratio is 70.4% in Pakistan and 57.2% in Slovakia, ranking 56/185 and 90/185, respectively.

Government deficit by year

Deficit/surplus
Pakistan

Slovakia
1x
Year Deficit/surplus, % of GDP
Pakistan Slovakia
2024 -6.81% -5.27%
2023 -7.76% -5.15%
2022 -7.84% -1.16%
2021 -6.04% -5.09%
2020 -7.03% -5.3%
2019 -7.79% -1.21%
2018 -5.67% -1.01%
2017 -5.17% -0.98%
2016 -3.92% -2.59%
2015 -4.74% -2.78%
2014 -4.37% -3.25%
2013 -7.48% -2.86%
2012 -7.74% -4.37%
2011 -6.23% -4.36%
2010 -5.42% -7.44%
2009 -4.53% -8.18%
2008 -5.94% -2.54%
2007 -4.23% -2.26%
2006 -2.79% -3.57%
2005 -2.29% -2.86%
2004 -1.29% -2.36%
2003 -0.12% -2.28%
2002 -2.64% -8.35%
2001 -2.45% -7.74%
2000 -3.21% -12.7%
1999 -3.07% -7.25%
1998 -4.46% -5.37%
1997 -3.87% -6.24%
1996 -4.33% -9.72%
1995 -3.9% -3.43%
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/pakistan/slovakia | 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 Slovakia's deficit of $7.43B, or 5.27% of GDP.

Over the past 30 years, Pakistan recorded a fiscal deficit in 30 of those years, while Slovakia ran a deficit in 30 years. On average, Pakistan posted an annual deficit equal to 4.77% of GDP, compared to deficit of 4.59% of GDP for Slovakia.

Inflation comparison by year

Inflation
Pakistan

Slovakia
1x
Year Consumer prices inflation
Pakistan Slovakia
2024 12.6% 2.76%
2023 30.8% 10.5%
2022 19.9% 12.8%
2021 9.5% 3.15%
2020 9.74% 1.94%
2019 10.6% 2.66%
2018 5.08% 2.51%
2017 4.09% 1.31%
2016 3.77% -0.52%
2015 2.53% -0.33%
2014 7.19% -0.08%
2013 7.69% 1.4%
2012 9.68% 3.61%
2011 11.9% 3.92%
2010 12.9% 0.96%
2009 13.6% 1.62%
2008 20.3% 4.6%
2007 7.6% 2.76%
2006 7.92% 4.48%
2005 9.06% 2.71%
2004 7.44% 7.55%
2003 2.91% 8.55%
2002 3.29% 3.13%
2001 3.15% 7.33%
2000 4.37% 12%
1999 4.14% 10.6%
1998 6.23% 6.67%
1997 11.4% 6.14%

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

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

Over the past 28 years, Pakistan has recorded an average annual inflation rate of 9.26%, compared with 4.45% in Slovakia. In 2024, inflation was 12.6% in Pakistan and 2.76% in Slovakia.

Top exports between countries

Pakistan
Export category Export value
Textiles & consumer goods $24.3M
Machinery & equipment $1.27M
Animal & marine products $57K
Chemicals & pharma $53K
Raw agricultural goods $33K
Raw materials & minerals $19K
Miscellaneous $9K
Precious metals & jewellery $2K
Slovakia
Export category Export value
Metals $2.15M
Textiles & consumer goods $1.95M
Wood & paper products $1.62M
Machinery & equipment $1.59M
Processed food, beverages & tobacco $280K
Chemicals & pharma $269K
Raw agricultural goods $39K
Raw materials & minerals $17K
Miscellaneous $10K
Animal & marine products $2K

Balance of trade

Pakistan Slovakia
Current account balance
$496M
2024
-$6.5B
2024
Current account balance ranking
63/190
2024
171/190
2024
Current account balance, % of GDP
+0.13%
2024
-4.61%
2024
Goods imports
$55.6B
2024
$107B
2024
Goods exports
$32.1B
2024
$106B
2024
Service imports
$11.2B
2024
$13.2B
2024
Service exports
$8.1B
2024
$13.9B
2024
Imports of goods and services, % of GDP
17.2%
2024
85.7%
2024
Exports of goods and services, % of GDP
10.4%
2024
85.5%
2024

Economic freedom indices

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

Pakistan Slovakia
Economic freedom 48.9 67.7
Economic freedom ranking 168/197 54/197
Property rights 25.7 82.6
Government integrity 26.3 57.2
Judicial effectiveness 27.6 70.5
Tax burden 78.2 75.4
Government spending 88.5 36.4
Fiscal health 10.1 69.6
Business freedom 54.4 71.1
Labor freedom 51.7 55.1
Monetary freedom 54.1 69.7
Trade freedom 70.4 79.4
Investment freedom 60 75
Financial freedom 40 70

Economic freedom comparison by year

Pakistan
Slovakia
1x
Year Economic freedom index
Pakistan Slovakia
2026 48.9 67.7
2025 49.1 68.4
2024 49.5 68.1
2023 49.4 69
2022 48.8 69.7
2021 51.7 66.3
2020 54.8 66.8
2019 55 65
2018 54.4 65.3
2017 52.8 65.7
2016 55.9 66.6
2015 55.6 67.2
2014 55.2 66.4
2013 55.1 68.7
2012 54.7 67
2011 55.1 69.5
2010 55.2 69.7
2009 57 69.4
2008 55.6 70
2007 57.2 69.6
2006 57.9 69.8
2005 53.3 66.8
2004 54.9 64.6
2003 55 59
2002 55.8 59.8
2001 56 58.5
2000 56.4 53.8
1999 53 54.2
1998 53.2 57.5
1997 56 55.5
1996 58.4 57.6
1995 57.6 60.4

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

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

The Economic Freedom Index for Pakistan is 48.9, ranking 168/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Pakistan Slovakia
Services, % of GDP
50.7%
2024
60%
2024
Industry, % of GDP
20.2%
2024
28.9%
2024
Agriculture, forestry, and fishing, % of GDP
23.7%
2024
1.58%
2024
GNI, Atlas method
$358B
2024
$128B
2024
GNI per capita, PPP
$6,100
2024
$47,040
2024
Total reserves including gold
$18.4B
2024
$14.5B
2024
Total reserves ranking
63/177
2024
68/177
2024
Net foreign direct investment
-$2.58B
2024
-$2.77B
2024
Net inflows of foreign direct investment
$2.66B
2024
$5.01B
2024
Net outflows of foreign direct investment
$84M
2024
$2.24B
2024
Servicing debt to the IMF, % of GNI
4.5%
2024
n/a
Poverty at national poverty lines
21.9%
2018
13.7%
2021
Gross capital formation, % of GDP
13.2%
2024
20.1%
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/slovakia | 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.