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Economy of Pakistan vs Trinidad and Tobago compared: GDP & Debt

Updated on by Georank team

Pakistan has a GDP of $372B compared to $25.6B for Trinidad and Tobago, ranking 43/197 and 115/197 by economy size, respectively.

Pakistan has $262B in government debt (70.4% of GDP), compared to $16.5B (64.2% of GDP) in Trinidad and Tobago.

Pakistan vs Trinidad and Tobago GDP by year

Pakistan
Trinidad and Tobago
1x
Year GDP, current $
Pakistan Trinidad
2024 $371,570,000,121 $25,633,544,529
2023 $336,686,348,609 $25,036,993,423
2022 $374,890,295,667 $28,341,164,301
2021 $348,516,647,445 $24,222,963,263
2020 $300,425,609,818 $20,888,515,184
2019 $320,909,472,771 $23,477,745,792
2018 $356,128,166,705 $23,883,058,083
2017 $339,205,534,861 $23,830,750,901
2016 $313,630,000,130 $23,624,322,193
2015 $299,963,590,535 $26,841,141,793
2014 $271,390,474,858 $29,474,180,005
2013 $258,657,231,672 $28,560,537,057
2012 $250,106,966,105 $27,147,349,937
2011 $230,586,581,060 $25,433,007,437
2010 $196,709,621,850 $22,157,920,592
2009 $187,337,783,856 $19,172,165,226
2008 $202,203,748,584 $27,871,587,350
2007 $184,140,869,997 $21,641,620,050
2006 $161,871,385,506 $18,369,361,094
2005 $145,208,562,961 $15,982,389,018
2004 $132,216,048,339 $13,280,291,990
2003 $112,371,913,741 $11,305,459,802
2002 $97,923,302,809 $9,008,298,229
2001 $97,145,618,480 $8,824,849,191
2000 $99,484,802,345 $8,154,342,116
1999 $62,973,857,069 $6,808,982,521
1998 $62,191,955,814 $6,043,686,654
1997 $62,433,340,468 $5,737,771,523
1996 $63,320,170,084 $5,759,570,336
1995 $60,636,071,684 $5,329,217,747
1994 $52,293,470,813 $4,947,181,646
1993 $51,809,999,353 $4,669,491,134
1992 $48,884,671,947 $5,439,552,941
1991 $45,625,336,680 $5,307,905,882
1990 $40,010,423,970 $5,068,000,000
1989 $40,171,106,279 $4,323,058,824
1988 $38,472,742,808 $4,496,910,569
1987 $33,351,529,275 $4,797,777,778
1986 $31,899,070,056 $4,794,444,444
1985 $31,144,920,844 $7,375,918,367
1984 $31,151,825,467 $7,757,083,333
1983 $28,691,889,764 $7,763,750,000
1982 $30,725,971,564 $8,140,416,667
1981 $28,100,606,061 $6,992,083,333
1980 $23,654,444,444 $6,235,833,333
1979 $19,688,383,838 $4,602,416,625
1978 $17,811,515,152 $3,562,333,458
1977 $15,126,060,606 $3,138,666,667
1976 $13,168,080,808 $2,500,424,955
1975 $11,230,606,061 $2,442,669,825
1974 $8,899,191,919 $2,042,001,071
1973 $6,383,429,490 $1,308,785,431
1972 $9,415,016,360 $1,083,391,758
1971 $10,665,896,682 $896,765,215
1970 $10,027,509,450 $821,850,000
1969 $8,683,116,338 $779,200,000
1968 $8,041,999,160 $758,899,950
1967 $7,464,510,710 $761,981,912
1966 $6,561,108,778 $723,739,857
1965 $5,929,231,415 $736,573,159
1964 $5,204,955,901 $711,897,520
1963 $4,630,827,383 $678,239,329
1962 $4,310,163,797 $619,322,810
1961 $4,118,647,627 $584,964,621
1960 $3,749,265,015 $535,673,252

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

GeoRank.org/economy/pakistan/trinidad-and-tobago | CC BY

GDP per capita in Pakistan vs Trinidad and Tobago by year

Pakistan
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
1x
Year Current $
Pakistan Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,479 $6,252 $18,733 $36,329
2023 $1,360 $6,014 $18,308 $34,623
2022 $1,538 $5,920 $20,751 $32,979
2021 $1,455 $5,367 $17,713 $30,482
2020 $1,278 $5,048 $15,284 $26,731
2019 $1,390 $5,038 $17,213 $29,316
2018 $1,569 $4,979 $17,571 $28,673
2017 $1,519 $4,790 $17,566 $28,484
2016 $1,425 $4,631 $17,449 $28,232
2015 $1,380 $4,480 $19,887 $29,825
2014 $1,267 $4,313 $21,908 $32,027
2013 $1,225 $4,174 $21,305 $31,746
2012 $1,204 $4,047 $20,332 $31,883
2011 $1,132 $3,880 $19,151 $31,078
2010 $987 $3,786 $16,815 $30,778
2009 $964 $3,777 $14,634 $29,602
2008 $1,067 $3,721 $21,299 $30,807
2007 $998 $3,672 $16,607 $29,355
2006 $901 $3,515 $14,153 $27,393
2005 $828 $3,293 $12,346 $23,536
2004 $772 $3,048 $9,871 $20,674
2003 $672 $2,822 $8,445 $18,743
2002 $600 $2,688 $6,763 $16,141
2001 $610 $2,644 $6,657 $14,797
2000 $642 $2,565 $6,179 $13,953
1999 $418 $2,475 $5,179 $12,812
1998 $424 $2,419 $4,613 $11,735
1997 $438 $2,398 $4,394 $10,769
1996 $457 $2,401 $4,427 $9,883
1995 $451 $2,315 $4,115 $9,099
1994 $400 $2,224 $3,840 $8,631
1993 $408 $2,160 $3,647 $8,209
1992 $396 $2,132 $4,277 $8,129
1991 $380 $1,992 $4,205 $7,274
1990 $344 $1,895 $4,047 $6,878
1989 $358 - $3,482 -
1988 $354 - $3,656 -
1987 $317 - $3,941 -
1986 $314 - $3,985 -
1985 $317 - $6,212 -
1984 $327 - $6,613 -
1983 $311 - $6,690 -
1982 $345 - $7,091 -
1981 $328 - $6,160 -
1980 $287.4 - $5,559 -
1979 $249.2 - $4,155 -
1978 $233.4 - $3,258 -
1977 $204.7 - $2,907 -
1976 $183.9 - $2,345 -
1975 $161.7 - $2,319 -
1974 $132 - $1,962 -
1973 $97.5 - $1,273 -
1972 $148.1 - $1,067 -
1971 $172.5 - $894 -
1970 $166.7 - $829 -
1969 $148.5 - $795 -
1968 $141.6 - $783 -
1967 $135.2 - $797 -
1966 $122.2 - $768 -
1965 $113.6 - $793 -
1964 $102.5 - $780 -
1963 $93.7 - $756 -
1962 $89.5 - $704 -
1961 $87.8 - $678 -
1960 $82 - $634 -

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

GeoRank.org/economy/pakistan/trinidad-and-tobago | CC BY

Pakistan's GDP per capita is $1,479, ranking 163/197, compared to $18,733 in Trinidad and Tobago, ranking 61/197. Adjusted for purchasing power (GDP per capita PPP), Pakistan ranks 150th at $6,252, while Trinidad and Tobago ranks 62nd at $36,329.

Economic indicators

Pakistan Trinidad
Gross domestic product
$372B
2024
$25.6B
2024
GDP rank
43/197
2024
115/197
2024
GDP growth
3.05%
2023-2024
2.51%
2023-2024
GDP per capita
$1,479
2024
$18,733
2024
GDP per capita rank
163/197
2024
61/197
2024
GDP per capita, PPP
$6,252
2024
$36,329
2024
GDP per capita PPP rank
150/197
2024
62/197
2024
Government debt
$262B
2024
$16.5B
2024
Debt-to-GDP ratio
70.4%
2024
64.2%
2024
Government debt per person
$1,041
2024
$12,028
2024
Government debt per person rank
140/185
2024
45/185
2024
Average annual personal income after taxes
$1,668
2026
$11,007
2026
Market capitalization of domestic companies
$52.1B
2024
$3.89B
2001
Income share by richest 10%
25.5%
2018
29.9%
1992
Income share by poorest 10%
4.2%
2018
2.1%
1992
Government expenditure, % of GDP
19.5%
2024
32.3%
2024
Consumer prices inflation
12.6%
2023-2024
0.53%
2023-2024
Central bank interest rate
10.5%
2025
3.5%
2020
Unemployment rate
6.96%
2025
4.01%
2024
Population
260356147
1374840

Spending and national debt comparison by year

Pakistan
Spending

Debt
Trinidad and Tobago
Spending

Debt
1x
Year % of GDP
Pakistan Trinidad
Government spending Government debt Government spending Government debt
2024 19.5% 70.4% 32.3% 64.2%
2023 19.3% 78.5% 33.5% 62.2%
2022 20% 77.3% 27.2% 51.3%
2021 18.5% 74.7% 30.3% 58.4%
2020 20.3% 80.8% 36.2% 62.5%
2019 19.1% 78.7% 31.2% 46.2%
2018 19.1% 66.3% 30.2% 41.5%
2017 19.1% 62.1% 30.7% 39.8%
2016 17.7% 62.1% 31.9% 35.4%
2015 17.8% 59.1% 35% 27.1%
2014 18.1% 58.8% 32.8% 23.5%
2013 19.5% 59.2% 31.3% 21.6%
2012 19.4% 58.4% 29.5% 21.8%
2011 17.9% 56.2% 29.4% 26.4%
2010 18.3% 56.7% 30.4% 16.8%
2009 17.3% 54.6% 37% 20.7%
2008 18% 49.5% 26.7% 13.5%
2007 16.1% 44.2% 25.7% 16.2%
2006 14.5% 46.2% 31.6% 16.9%
2005 13% 47.9% 26.7% 19.8%
2004 12.1% 50.6% 22.5% 24.2%
2003 12.9% 56.3% 22.2% 30.2%
2002 14.4% 60.5% 24.4% 37%
2001 12.9% 65.1% 24.8% 36.6%
2000 13.8% 61.7% 23.1% 38.9%
1999 13.2% 60.7% 24.1% 42.2%
1998 14.1% 53.8% 26.9% 42.8%
1997 13.7% 52.8% 27.2% 46.1%
1996 15% 52.5% 27.6% 47%
1995 14% 52.3% 26.2% 50.1%
1994 14.5% 58.5% 25.4% 52.6%
1993 17% 57.9% 26.9% 58.8%
1992 22.6% 53.3% 28.6% 49.2%
1991 21.4% 55.8% 29.6% 49.5%
1990 23.9% 48.3% 26.9% 47.7%
1989 26.1% 46.6% 30.9% 51.9%
1988 27.9% 45% 45.3% 65.3%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1993, retrieved 2026-02-20).

GeoRank.org/economy/pakistan/trinidad-and-tobago | CC BY

In 2024, Pakistan's government spending was $72.4B, accounting for 19.5% of its GDP, while Trinidad and Tobago spent $8.28B, or 32.3% of GDP.

Debt-to-GDP ratio is 70.4% in Pakistan and 64.2% in Trinidad and Tobago, ranking 56/185 and 70/185, respectively.

Government deficit by year

Deficit/surplus
Pakistan

Trinidad and Tobago
1x
Year Deficit/surplus, % of GDP
Pakistan Trinidad
2024 -6.81% -5.24%
2023 -7.76% -1.24%
2022 -7.84% 0.92%
2021 -6.04% -8.1%
2020 -7.03% -12.2%
2019 -7.79% -3.74%
2018 -5.67% -5.89%
2017 -5.17% -10.4%
2016 -3.92% -10.1%
2015 -4.74% -7.56%
2014 -4.37% -4.31%
2013 -7.48% -2.67%
2012 -7.74% -1.26%
2011 -6.23% -0.67%
2010 -5.42% 0.13%
2009 -4.53% -5.42%
2008 -5.94% 5.39%
2007 -4.23% 3.12%
2006 -2.79% 1.56%
2005 -2.29% 2.36%
2004 -1.29% 1.84%
2003 -0.12% 1.8%
2002 -2.64% -0.2%
2001 -2.45% 0.61%
2000 -3.21% 0.17%
1999 -3.07% -0.88%
1998 -4.46% -1.8%
1997 -3.87% 0.11%
1996 -4.33% -0.45%
1995 -3.9% 0.17%
1994 -3.63% -0.02%
1993 -5.53% 0.23%
1992 -11.3% -2.74%
1991 -10.8% -0.21%
1990 -11.9% -1.27%
1989 -7.01% -4.46%
1988 -9.35% -9.34%
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/trinidad-and-tobago | 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 Trinidad and Tobago's deficit of $1.34B, or 5.24% of GDP.

Over the past 37 years, Pakistan recorded a fiscal deficit in 37 of those years, while Trinidad and Tobago ran a deficit in 24 years. On average, Pakistan posted an annual deficit equal to 5.48% of GDP, compared to deficit of 2.21% of GDP for Trinidad and Tobago.

Inflation comparison by year

Inflation
Pakistan

Trinidad and Tobago
1x
Year Consumer prices inflation
Pakistan Trinidad
2024 12.6% 0.53%
2023 30.8% 4.63%
2022 19.9% 5.83%
2021 9.5% 2.06%
2020 9.74% 0.6%
2019 10.6% 1%
2018 5.08% 1.02%
2017 4.09% 1.88%
2016 3.77% 3.07%
2015 2.53% 4.66%
2014 7.19% 5.68%
2013 7.69% 5.2%
2012 9.68% 9.26%
2011 11.9% 5.11%
2010 12.9% 10.5%
2009 13.6% 6.98%
2008 20.3% 12%
2007 7.6% 7.89%
2006 7.92% 8.33%
2005 9.06% 6.87%
2004 7.44% 3.72%
2003 2.91% 3.81%
2002 3.29% 4.15%
2001 3.15% 5.54%
2000 4.37% 3.56%
1999 4.14% 3.44%
1998 6.23% 5.61%
1997 11.4% 3.63%

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

GeoRank.org/economy/pakistan/trinidad-and-tobago | CC BY

Over the past 28 years, Pakistan has recorded an average annual inflation rate of 9.26%, compared with 4.88% in Trinidad and Tobago. In 2024, inflation was 12.6% in Pakistan and 0.53% in Trinidad and Tobago.

Top exports between countries

Pakistan
Export category Export value
Metals $1.77M
Machinery & equipment $1.59M
Textiles & consumer goods $1.06M
Processed food, beverages & tobacco $634K
Raw agricultural goods $423K
Chemicals & pharma $168K
Raw materials & minerals $84K
Wood & paper products $17K
Miscellaneous $12K
Animal & marine products $4K
Trinidad
Export category Export value
Metals $1.5M
Textiles & consumer goods $143K
Wood & paper products $36K

Balance of trade

Pakistan Trinidad
Current account balance
$496M
2024
$645M
2024
Current account balance ranking
63/190
2024
58/190
2024
Current account balance, % of GDP
+0.13%
2024
+2.52%
2024
Goods imports
$55.6B
2024
$7.54B
2024
Goods exports
$32.1B
2024
$10B
2024
Service imports
$11.2B
2024
$2.71B
2024
Service exports
$8.1B
2024
$1.26B
2024
Imports of goods and services, % of GDP
17.2%
2024
n/a
Exports of goods and services, % of GDP
10.4%
2024
45%
2025

Economic freedom indices

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

Pakistan Trinidad
Economic freedom 48.9 62.4
Economic freedom ranking 168/197 87/197
Property rights 25.7 47.3
Government integrity 26.3 45.5
Judicial effectiveness 27.6 58.8
Tax burden 78.2 76.1
Government spending 88.5 71.1
Fiscal health 10.1 86.3
Business freedom 54.4 67.1
Labor freedom 51.7 57.2
Monetary freedom 54.1 81
Trade freedom 70.4 68.8
Investment freedom 60 50
Financial freedom 40 40

Economic freedom comparison by year

Pakistan
Trinidad and Tobago
1x
Year Economic freedom index
Pakistan Trinidad
2026 48.9 62.4
2025 49.1 63.6
2024 49.5 60.4
2023 49.4 59.5
2022 48.8 58.8
2021 51.7 59
2020 54.8 58.3
2019 55 57
2018 54.4 57.7
2017 52.8 61.2
2016 55.9 62.9
2015 55.6 64.1
2014 55.2 62.7
2013 55.1 62.3
2012 54.7 64.4
2011 55.1 66.5
2010 55.2 65.7
2009 57 68
2008 55.6 69.5
2007 57.2 70.6
2006 57.9 70.4
2005 53.3 71.5
2004 54.9 71.3
2003 55 68.8
2002 55.8 70.1
2001 56 71.8
2000 56.4 74.5
1999 53 72.4
1998 53.2 72
1997 56 71.3
1996 58.4 69.2
1995 57.6 -

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

GeoRank.org/economy/pakistan/trinidad-and-tobago | CC BY

The Economic Freedom Index for Pakistan is 48.9, ranking 168/197, compared to 62.4 for Trinidad and Tobago, ranking 87/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Pakistan Trinidad
Services, % of GDP
50.7%
2024
59.2%
2024
Industry, % of GDP
20.2%
2024
34.6%
2024
Agriculture, forestry, and fishing, % of GDP
23.7%
2024
0.78%
2024
GNI, Atlas method
$358B
2024
$27B
2024
GNI per capita, PPP
$6,100
2024
$36,580
2024
Total reserves including gold
$18.4B
2024
$5.6B
2024
Total reserves ranking
63/177
2024
94/177
2024
Net foreign direct investment
-$2.58B
2024
$980M
2024
Net inflows of foreign direct investment
$2.66B
2024
-$453M
2024
Net outflows of foreign direct investment
$84M
2024
$527M
2024
Servicing debt to the IMF, % of GNI
4.5%
2024
n/a
Poverty at national poverty lines
21.9%
2018
20%
2020
Gross capital formation, % of GDP
13.2%
2024
19%
2023

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/trinidad-and-tobago | 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)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.