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Economy of Pakistan vs Ukraine compared: GDP & Debt

Updated on by Georank team

Pakistan has a GDP of $372B compared to $191B for Ukraine, ranking 43/197 and 57/197 by economy size, respectively.

Pakistan has $262B in government debt (70.4% of GDP), compared to $171B (89.7% of GDP) in Ukraine.

Pakistan vs Ukraine GDP by year

Pakistan
Ukraine
1x
Year GDP, current $
Pakistan Ukraine
2024 $371,570,000,121 $190,741,262,415
2023 $336,686,348,609 $181,221,517,869
2022 $374,890,295,667 $161,989,520,721
2021 $348,516,647,445 $199,765,859,571
2020 $300,425,609,818 $156,617,722,013
2019 $320,909,472,771 $153,883,047,510
2018 $356,128,166,705 $130,891,088,294
2017 $339,205,534,861 $112,090,505,082
2016 $313,630,000,130 $93,355,869,404
2015 $299,963,590,535 $91,030,967,789
2014 $271,390,474,858 $133,503,871,862
2013 $258,657,231,672 $190,498,811,460
2012 $250,106,966,105 $182,591,753,828
2011 $230,586,581,060 $169,333,835,202
2010 $196,709,621,850 $141,209,170,427
2009 $187,337,783,856 $121,552,153,444
2008 $202,203,748,584 $188,110,390,660
2007 $184,140,869,997 $148,733,861,386
2006 $161,871,385,506 $111,884,752,475
2005 $145,208,562,961 $89,238,865,119
2004 $132,216,048,339 $67,220,154,164
2003 $112,371,913,741 $52,010,355,753
2002 $97,923,302,809 $43,956,163,612
2001 $97,145,618,480 $39,309,580,983
2000 $99,484,802,345 $32,375,083,935
1999 $62,973,857,069 $31,580,639,554
1998 $62,191,955,814 $41,882,523,345
1997 $62,433,340,468 $50,151,531,592
1996 $63,320,170,084 $44,558,831,005
1995 $60,636,071,684 $48,213,856,469
1994 $52,293,470,813 $52,549,580,265
1993 $51,809,999,353 $65,648,559,903
1992 $48,884,671,947 $73,945,908,384
1991 $45,625,336,680 $77,350,733,982
1990 $40,010,423,970 $81,393,558,423
1989 $40,171,106,279 $82,709,161,099
1988 $38,472,742,808 $74,703,517,903
1987 $33,351,529,275 $64,087,694,038
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/ukraine | CC BY

GDP per capita in Pakistan vs Ukraine by year

Pakistan
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Pakistan Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,479 $6,252 $5,038 $18,550
2023 $1,360 $6,014 $4,803 $17,665
2022 $1,538 $5,920 $3,946 $14,770
2021 $1,455 $5,367 $4,510 $17,846
2020 $1,278 $5,048 $3,505 $15,541
2019 $1,390 $5,038 $3,423 $14,217
2018 $1,569 $4,979 $2,895 $12,555
2017 $1,519 $4,790 $2,467 $11,536
2016 $1,425 $4,631 $2,047 $10,865
2015 $1,380 $4,480 $1,988 $9,922
2014 $1,267 $4,313 $2,904 $10,494
2013 $1,225 $4,174 $4,130 $10,904
2012 $1,204 $4,047 $3,951 $9,552
2011 $1,132 $3,880 $3,657 $9,127
2010 $987 $3,786 $3,040 $8,453
2009 $964 $3,777 $2,607 $7,995
2008 $1,067 $3,721 $4,018 $9,324
2007 $998 $3,672 $3,160 $8,900
2006 $901 $3,515 $2,366 $7,971
2005 $828 $3,293 $1,875 $7,142
2004 $772 $3,048 $1,401 $6,663
2003 $672 $2,822 $1,076 $5,764
2002 $600 $2,688 $903 $5,123
2001 $610 $2,644 $800 $4,747
2000 $642 $2,565 $653 $4,228
1999 $418 $2,475 $632 $3,871
1998 $424 $2,419 $831 $3,794
1997 $438 $2,398 $987 $3,794
1996 $457 $2,401 $870 $3,812
1995 $451 $2,315 $933 $4,124
1994 $400 $2,224 $1,009 $4,565
1993 $408 $2,160 $1,254 $5,766
1992 $396 $2,132 $1,413 $6,568
1991 $380 $1,992 $1,483 $7,148
1990 $344 $1,895 $1,564 $7,591
1989 $358 - $1,593 -
1988 $354 - $1,444 -
1987 $317 - $1,244 -
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/ukraine | CC BY

Pakistan's GDP per capita is $1,479, ranking 163/197, compared to $5,038 in Ukraine, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), Pakistan ranks 150th at $6,252, while Ukraine ranks 101st at $18,550.

Economic indicators

Pakistan Ukraine
Gross domestic product
$372B
2024
$191B
2024
GDP rank
43/197
2024
57/197
2024
GDP growth
3.05%
2023-2024
2.91%
2023-2024
GDP per capita
$1,479
2024
$5,038
2024
GDP per capita rank
163/197
2024
120/197
2024
GDP per capita, PPP
$6,252
2024
$18,550
2024
GDP per capita PPP rank
150/197
2024
101/197
2024
Government debt
$262B
2024
$171B
2024
Debt-to-GDP ratio
70.4%
2024
89.7%
2024
Government debt per person
$1,041
2024
$4,520
2024
Government debt per person rank
140/185
2024
86/185
2024
Average annual personal income after taxes
$1,668
2026
$5,370
2026
Market capitalization of domestic companies
$52.1B
2024
$4.42B
2018
Number of billionaires n/a
7
2025
Income share by richest 10%
25.5%
2018
21.7%
2020
Income share by poorest 10%
4.2%
2018
4.3%
2020
Government expenditure, % of GDP
19.5%
2024
71.3%
2024
Consumer prices inflation
12.6%
2023-2024
6.5%
2023-2024
Central bank interest rate
10.5%
2025
15.5%
2025
Unemployment rate
6.96%
2025
9.83%
2021
Population
260356147
40125599

Spending and national debt comparison by year

Pakistan
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Pakistan Ukraine
Government spending Government debt Government spending Government debt
2024 19.5% 70.4% 71.3% 89.7%
2023 19.3% 78.5% 73.4% 81.2%
2022 20% 77.3% 65.4% 77.7%
2021 18.5% 74.7% 40.5% 48.9%
2020 20.3% 80.8% 45.6% 60.5%
2019 19.1% 78.7% 41.5% 50.5%
2018 19.1% 66.3% 41.9% 60.4%
2017 19.1% 62.1% 41.7% 71.6%
2016 17.7% 62.1% 40.8% 79.5%
2015 17.8% 59.1% 43% 79.3%
2014 18.1% 58.8% 44.8% 70.3%
2013 19.5% 59.2% 48.1% 40.5%
2012 19.4% 58.4% 49% 37.5%
2011 17.9% 56.2% 45.7% 36.9%
2010 18.3% 56.7% 49.2% 40.6%
2009 17.3% 54.6% 48.6% 35.4%
2008 18% 49.5% 47.1% 20.4%
2007 16.1% 44.2% 43.7% 12.3%
2006 14.5% 46.2% 44.6% 14.8%
2005 13% 47.9% 44.2% 17.7%
2004 12.1% 50.6% 41.6% 24.8%
2003 12.9% 56.3% 38.9% 29.4%
2002 14.4% 60.5% 37.9% 33.6%
2001 12.9% 65.1% 36.7% 36.7%
2000 13.8% 61.7% 35.5% 43.8%
1999 13.2% 60.7% 25.8% 59%
1998 14.1% 53.8% 37.1% 46.5%
1997 13.7% 52.8% 40.8% 28.9%
1996 15% 52.5% 36.9% 24.4%
1995 14% 52.3% 41.3% 30.2%
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 (1960–1996, retrieved 2026-02-20).

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

In 2024, Pakistan's government spending was $72.4B, accounting for 19.5% of its GDP, while Ukraine spent $136B, or 71.3% of GDP.

Debt-to-GDP ratio is 70.4% in Pakistan and 89.7% in Ukraine, ranking 56/185 and 33/185, respectively.

Government deficit by year

Deficit/surplus
Pakistan

Ukraine
1x
Year Deficit/surplus, % of GDP
Pakistan Ukraine
2024 -6.81% -17.2%
2023 -7.76% -19.3%
2022 -7.84% -15.6%
2021 -6.04% -3.97%
2020 -7.03% -5.92%
2019 -7.79% -2.08%
2018 -5.67% -2.12%
2017 -5.17% -2.36%
2016 -3.92% -2.46%
2015 -4.74% -1.16%
2014 -4.37% -4.46%
2013 -7.48% -4.78%
2012 -7.74% -4.31%
2011 -6.23% -2.76%
2010 -5.42% -5.77%
2009 -4.53% -6.27%
2008 -5.94% -3.14%
2007 -4.23% -1.97%
2006 -2.79% -1.36%
2005 -2.29% -2.28%
2004 -1.29% -4.41%
2003 -0.12% -0.89%
2002 -2.64% -1.84%
2001 -2.45% -3.03%
2000 -3.21% -3.19%
1999 -3.07% 4.95%
1998 -4.46% -2.69%
1997 -3.87% -5.37%
1996 -4.33% -3.09%
1995 -3.9% -4.72%
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/ukraine | 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 Ukraine's deficit of $32.8B, or 17.2% of GDP.

Over the past 30 years, Pakistan recorded a fiscal deficit in 30 of those years, while Ukraine ran a deficit in 29 years. On average, Pakistan posted an annual deficit equal to 4.77% of GDP, compared to deficit of 4.45% of GDP for Ukraine.

Inflation comparison by year

Inflation
Pakistan

Ukraine
1x
Year Consumer prices inflation
Pakistan Ukraine
2024 12.6% 6.5%
2023 30.8% 12.9%
2022 19.9% 20.2%
2021 9.5% 9.4%
2020 9.74% 2.7%
2019 10.6% 7.9%
2018 5.08% 10.9%
2017 4.09% 14.4%
2016 3.77% 13.9%
2015 2.53% 48.7%
2014 7.19% 12.1%
2013 7.69% -0.3%
2012 9.68% 0.6%
2011 11.9% 8%
2010 12.9% 9.4%
2009 13.6% 15.9%
2008 20.3% 25.2%
2007 7.6% 12.8%
2006 7.92% 9.1%
2005 9.06% 13.5%
2004 7.44% 9%
2003 2.91% 5.2%
2002 3.29% 0.8%
2001 3.15% 12%
2000 4.37% 28.2%
1999 4.14% 22.7%
1998 6.23% 10.6%
1997 11.4% 15.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Pakistan has recorded an average annual inflation rate of 9.26%, compared with 12.8% in Ukraine. In 2024, inflation was 12.6% in Pakistan and 6.5% in Ukraine.

Top exports between countries

Pakistan
Export category Export value
Raw agricultural goods $3.07M
Textiles & consumer goods $2.02M
Machinery & equipment $755K
Chemicals & pharma $540K
Metals $398K
Processed food, beverages & tobacco $266K
Raw materials & minerals $60K
Weapons & explosives $58K
Miscellaneous $18K
Ukraine
Export category Export value
Raw agricultural goods $225M
Machinery & equipment $9.09M
Processed food, beverages & tobacco $1.3M
Metals $777K
Animal & marine products $762K
Miscellaneous $740K
Raw materials & minerals $732K
Wood & paper products $431K
Chemicals & pharma $423K
Textiles & consumer goods $32K

Balance of trade

Pakistan Ukraine
Current account balance
$496M
2024
-$15.1B
2024
Current account balance ranking
63/190
2024
179/190
2024
Current account balance, % of GDP
+0.13%
2024
-7.94%
2024
Goods imports
$55.6B
2024
$72.3B
2024
Goods exports
$32.1B
2024
$39.3B
2024
Service imports
$11.2B
2024
$22.9B
2024
Service exports
$8.1B
2024
$17.3B
2024
Imports of goods and services, % of GDP
17.2%
2024
48.3%
2024
Exports of goods and services, % of GDP
10.4%
2024
29.4%
2024

Economic freedom indices

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

Pakistan Ukraine
Economic freedom 48.9 54.1
Economic freedom ranking 168/197 135/197
Property rights 25.7 21.6
Government integrity 26.3 35
Judicial effectiveness 27.6 28.2
Tax burden 78.2 83.7
Government spending 88.5 0
Fiscal health 10.1 3.9
Business freedom 54.4 57.4
Labor freedom 51.7 46.9
Monetary freedom 54.1 65.7
Trade freedom 70.4 73
Investment freedom 60 35
Financial freedom 40 30

Economic freedom comparison by year

Pakistan
Ukraine
1x
Year Economic freedom index
Pakistan Ukraine
2026 48.9 -
2025 49.1 -
2024 49.5 -
2023 49.4 -
2022 48.8 54.1
2021 51.7 56.2
2020 54.8 54.9
2019 55 52.3
2018 54.4 51.9
2017 52.8 48.1
2016 55.9 46.8
2015 55.6 46.9
2014 55.2 49.3
2013 55.1 46.3
2012 54.7 46.1
2011 55.1 45.8
2010 55.2 46.4
2009 57 48.8
2008 55.6 51
2007 57.2 51.5
2006 57.9 54.4
2005 53.3 55.8
2004 54.9 53.7
2003 55 51.1
2002 55.8 48.2
2001 56 48.5
2000 56.4 47.8
1999 53 43.7
1998 53.2 40.4
1997 56 43.5
1996 58.4 40.6
1995 57.6 39.9

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

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

The Economic Freedom Index for Pakistan is 48.9, ranking 168/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Pakistan Ukraine
Services, % of GDP
50.7%
2024
60.6%
2024
Industry, % of GDP
20.2%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
23.7%
2024
7.11%
2024
GNI, Atlas method
$358B
2024
$184B
2024
GNI per capita, PPP
$6,100
2024
$18,560
2024
Total reserves including gold
$18.4B
2024
$43.8B
2024
Total reserves ranking
63/177
2024
46/177
2024
Net foreign direct investment
-$2.58B
2024
-$3.71B
2024
Net inflows of foreign direct investment
$2.66B
2024
$4.02B
2024
Net outflows of foreign direct investment
$84M
2024
$305M
2024
Servicing debt to the IMF, % of GNI
4.5%
2024
5.42%
2024
Poverty at national poverty lines
21.9%
2018
23.2%
2020
Gross capital formation, % of GDP
13.2%
2024
18.6%
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/ukraine | 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 (1950–1996, 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.