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Economy of Pakistan vs Uruguay compared: GDP & Debt

Updated on by Georank team

Pakistan has a GDP of $372B compared to $81B for Uruguay, ranking 43/197 and 81/197 by economy size, respectively.

Pakistan has $262B in government debt (70.4% of GDP), compared to $55.6B (68.7% of GDP) in Uruguay.

Pakistan vs Uruguay GDP by year

Pakistan
Uruguay
1x
Year GDP, current $
Pakistan Uruguay
2024 $371,570,000,121 $80,961,511,074
2023 $336,686,348,609 $77,991,666,838
2022 $374,890,295,667 $70,594,110,920
2021 $348,516,647,445 $60,739,084,241
2020 $300,425,609,818 $53,559,359,262
2019 $320,909,472,771 $62,222,313,619
2018 $356,128,166,705 $65,344,577,416
2017 $339,205,534,861 $65,005,997,963
2016 $313,630,000,130 $57,480,787,465
2015 $299,963,590,535 $57,680,327,999
2014 $271,390,474,858 $61,496,186,974
2013 $258,657,231,672 $61,337,621,934
2012 $250,106,966,105 $54,232,266,359
2011 $230,586,581,060 $50,342,406,067
2010 $196,709,621,850 $41,950,361,212
2009 $187,337,783,856 $32,708,319,078
2008 $202,203,748,584 $31,119,602,539
2007 $184,140,869,997 $23,797,773,024
2006 $161,871,385,506 $19,741,420,740
2005 $145,208,562,961 $17,362,857,684
2004 $132,216,048,339 $13,686,329,890
2003 $112,371,913,741 $12,045,638,352
2002 $97,923,302,809 $13,606,515,723
2001 $97,145,618,480 $20,898,761,742
2000 $99,484,802,345 $22,823,270,892
1999 $62,973,857,069 $23,983,945,191
1998 $62,191,955,814 $25,385,886,978
1997 $62,433,340,468 $23,969,739,234
1996 $63,320,170,084 $20,515,458,114
1995 $60,636,071,684 $19,297,663,097
1994 $52,293,470,813 $17,474,588,896
1993 $51,809,999,353 $15,002,136,971
1992 $48,884,671,947 $12,878,148,791
1991 $45,625,336,680 $11,206,176,651
1990 $40,010,423,970 $9,298,807,850
1989 $40,171,106,279 $8,438,951,476
1988 $38,472,742,808 $8,213,538,369
1987 $33,351,529,275 $7,367,494,080
1986 $31,899,070,056 $5,880,112,788
1985 $31,144,920,844 $4,732,017,873
1984 $31,151,825,467 $4,850,238,550
1983 $28,691,889,764 $5,102,276,308
1982 $30,725,971,564 $9,178,780,077
1981 $28,100,606,061 $11,048,301,421
1980 $23,654,444,444 $10,163,020,116
1979 $19,688,383,838 $7,181,182,224
1978 $17,811,515,152 $4,910,254,566
1977 $15,126,060,606 $4,114,670,014
1976 $13,168,080,808 $3,667,161,241
1975 $11,230,606,061 $3,538,278,047
1974 $8,899,191,919 $4,090,209,682
1973 $6,383,429,490 $3,964,296,443
1972 $9,415,016,360 $2,189,418,689
1971 $10,665,896,682 $2,807,258,065
1970 $10,027,509,450 $2,137,096,774
1969 $8,683,116,338 $2,004,435,484
1968 $8,041,999,160 $1,593,674,185
1967 $7,464,510,710 $1,597,713,469
1966 $6,561,108,778 $1,809,185,094
1965 $5,929,231,415 $1,890,767,156
1964 $5,204,955,901 $1,975,701,816
1963 $4,630,827,383 $1,539,681,491
1962 $4,310,163,797 $1,710,004,407
1961 $4,118,647,627 $1,547,388,781
1960 $3,749,265,015 $1,242,289,239

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

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

GDP per capita in Pakistan vs Uruguay by year

Pakistan
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Pakistan Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,479 $6,252 $23,907 $36,418
2023 $1,360 $6,014 $23,019 $34,471
2022 $1,538 $5,920 $20,819 $33,001
2021 $1,455 $5,367 $17,882 $29,432
2020 $1,278 $5,048 $15,758 $25,725
2019 $1,390 $5,038 $18,316 $25,783
2018 $1,569 $4,979 $19,250 $24,386
2017 $1,519 $4,790 $19,185 $23,607
2016 $1,425 $4,631 $17,010 $22,841
2015 $1,380 $4,480 $17,126 $22,169
2014 $1,267 $4,313 $18,322 $21,868
2013 $1,225 $4,174 $18,335 $20,661
2012 $1,204 $4,047 $16,260 $19,495
2011 $1,132 $3,880 $15,132 $19,135
2010 $987 $3,786 $12,641 $17,873
2009 $964 $3,777 $9,881 $16,422
2008 $1,067 $3,721 $9,424 $15,694
2007 $998 $3,672 $7,222 $14,397
2006 $901 $3,515 $6,001 $13,179
2005 $828 $3,293 $5,284 $12,296
2004 $772 $3,048 $4,169 $11,103
2003 $672 $2,822 $3,671 $10,303
2002 $600 $2,688 $4,150 $10,030
2001 $610 $2,644 $6,383 $10,719
2000 $642 $2,565 $6,988 $10,929
1999 $418 $2,475 $7,371 $10,938
1998 $424 $2,419 $7,837 $11,002
1997 $438 $2,398 $7,436 $10,461
1996 $457 $2,401 $6,398 $9,524
1995 $451 $2,315 $6,050 $8,906
1994 $400 $2,224 $5,508 $8,897
1993 $408 $2,160 $4,753 $8,162
1992 $396 $2,132 $4,102 $7,808
1991 $380 $1,992 $3,589 $7,112
1990 $344 $1,895 $2,995 $6,683
1989 $358 - $2,734 -
1988 $354 - $2,677 -
1987 $317 - $2,416 -
1986 $314 - $1,939 -
1985 $317 - $1,568 -
1984 $327 - $1,615 -
1983 $311 - $1,707 -
1982 $345 - $3,085 -
1981 $328 - $3,728 -
1980 $287.4 - $3,443 -
1979 $249.2 - $2,443 -
1978 $233.4 - $1,678 -
1977 $204.7 - $1,414 -
1976 $183.9 - $1,268 -
1975 $161.7 - $1,232 -
1974 $132 - $1,433 -
1973 $97.5 - $1,397 -
1972 $148.1 - $776 -
1971 $172.5 - $1,000 -
1970 $166.7 - $766 -
1969 $148.5 - $723 -
1968 $141.6 - $579 -
1967 $135.2 - $585 -
1966 $122.2 - $668 -
1965 $113.6 - $705 -
1964 $102.5 - $745 -
1963 $93.7 - $587 -
1962 $89.5 - $659 -
1961 $87.8 - $604 -
1960 $82 - $491 -

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

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

Pakistan's GDP per capita is $1,479, ranking 163/197, compared to $23,907 in Uruguay, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), Pakistan ranks 150th at $6,252, while Uruguay ranks 61st at $36,418.

Economic indicators

Pakistan Uruguay
Gross domestic product
$372B
2024
$81B
2024
GDP rank
43/197
2024
81/197
2024
GDP growth
3.05%
2023-2024
3.11%
2023-2024
GDP per capita
$1,479
2024
$23,907
2024
GDP per capita rank
163/197
2024
52/197
2024
GDP per capita, PPP
$6,252
2024
$36,418
2024
GDP per capita PPP rank
150/197
2024
61/197
2024
Government debt
$262B
2024
$55.6B
2024
Debt-to-GDP ratio
70.4%
2024
68.7%
2024
Government debt per person
$1,041
2024
$16,421
2024
Government debt per person rank
140/185
2024
38/185
2024
Average annual personal income after taxes
$1,668
2026
$12,433
2026
Market capitalization of domestic companies
$52.1B
2024
$284M
1996
Income share by richest 10%
25.5%
2018
30%
2024
Income share by poorest 10%
4.2%
2018
2.2%
2024
Government expenditure, % of GDP
19.5%
2024
31.1%
2024
Consumer prices inflation
12.6%
2023-2024
4.85%
2023-2024
Central bank interest rate
10.5%
2025
8.25%
2025
Unemployment rate
6.96%
2025
8.21%
2024
Population
260356147
3382789

Spending and national debt comparison by year

Pakistan
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Pakistan Uruguay
Government spending Government debt Government spending Government debt
2024 19.5% 70.4% 31.1% 68.7%
2023 19.3% 78.5% 30.5% 64%
2022 20% 77.3% 30% 59.9%
2021 18.5% 74.7% 30.2% 64.1%
2020 20.3% 80.8% 32.8% 68.2%
2019 19.1% 78.7% 30.6% 59.6%
2018 19.1% 66.3% 30.3% 57.9%
2017 19.1% 62.1% 29.7% 55.8%
2016 17.7% 62.1% 29.7% 56.4%
2015 17.8% 59.1% 28.4% 57.8%
2014 18.1% 58.8% 29.1% 51.1%
2013 19.5% 59.2% 28.8% 50%
2012 19.4% 58.4% 27.7% 49.8%
2011 17.9% 56.2% 26.3% 41.3%
2010 18.3% 56.7% 27.4% 40.9%
2009 17.3% 54.6% 27.2% 46.2%
2008 18% 49.5% 26.3% 46.2%
2007 16.1% 44.2% 26.8% 52.8%
2006 14.5% 46.2% 26.8% 61.1%
2005 13% 47.9% 26.3% 66.2%
2004 12.1% 50.6% 26.6% 73.7%
2003 12.9% 56.3% 27.7% 91.9%
2002 14.4% 60.5% 27.6% 90.1%
2001 12.9% 65.1% 27.8% 39.4%
2000 13.8% 61.7% 26.6% 30.5%
1999 13.2% 60.7% 27.2% 24.1%
1998 14.1% 53.8% 27.3% 19.4%
1997 13.7% 52.8% 27.6% 18.8%
1996 15% 52.5% 26.5% 18.3%
1995 14% 52.3% 26.2% 18.5%
1994 14.5% 58.5% 29.5% 19.3%
1993 17% 57.9% 27.7% 20%
1992 22.6% 53.3% 23.6% 22.2%
1991 21.4% 55.8% 22.2% 20.4%
1990 23.9% 48.3% 21.1% 26.2%
1989 26.1% 46.6% 37% -
1988 27.9% 45% 26% 34.8%
1987 29.5% 44.4% 24.4% 37.3%
1986 27.6% 43.1% 25.1% 34.6%
1985 28.3% 37% 24.6% 29%
1984 25.4% 33.4% 25.6% 39.5%
1983 24.8% 33.6% 26.5% 21.2%
1982 24.5% 33.8% 29.5% 13.5%
1981 21.6% 29.7% 25% 4.32%
1980 22% 33.3% 21.8% 4.59%
1979 25.3% 36.8% 20.2% 3.98%
1978 25.5% 36.1% 22.9% 5.64%
1977 20.4% 36.4% 23.5% 7.26%
1976 21% 35.8% 24.2% 8.67%
1975 20.4% 32.1% 23% 8.13%
1974 15.3% 38% 23.8% 7.61%
1973 13.9% 43.4% 22.6% 7%
1972 13.5% 88.7% 24.6% 9.12%
1971 22.1% 33.2% 20.1% 9.3%
1970 23.6% 31.6% 15.1% 6.11%
1969 15.6% 29.1% 14.6% -
1968 13.7% 27.5% 14.1% -
1967 12.9% 25.9% 14.7% -
1966 12.2% 25.1% 14.1% -
1965 11.2% 22.7% 15.6% -
1964 12.1% 21.3% 14.3% -
1963 14.7% 19.2% 14.6% -
1962 11.8% 16.6% 16% -
1961 10.6% 19.6% 13% -
1960 10% 19.5% 9.9% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1993–2024, retrieved 2026-02-20).

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

In 2024, Pakistan's government spending was $72.4B, accounting for 19.5% of its GDP, while Uruguay spent $25.2B, or 31.1% of GDP.

Debt-to-GDP ratio is 70.4% in Pakistan and 68.7% in Uruguay, ranking 56/185 and 59/185, respectively.

Government deficit by year

Deficit/surplus
Pakistan

Uruguay
1x
Year Deficit/surplus, % of GDP
Pakistan Uruguay
2024 -6.81% -3.22%
2023 -7.76% -3.13%
2022 -7.84% -2.52%
2021 -6.04% -2.61%
2020 -7.03% -4.64%
2019 -7.79% -2.71%
2018 -5.67% -1.89%
2017 -5.17% -2.51%
2016 -3.92% -2.68%
2015 -4.74% -1.86%
2014 -4.37% -2.6%
2013 -7.48% -1.72%
2012 -7.74% -2.17%
2011 -6.23% -0.33%
2010 -5.42% -0.39%
2009 -4.53% -1.39%
2008 -5.94% -1.31%
2007 -4.23% -0.16%
2006 -2.79% -0.64%
2005 -2.29% -0.28%
2004 -1.29% -0.87%
2003 -0.12% -2.19%
2002 -2.64% -3.19%
2001 -2.45% -2.85%
2000 -3.21% -2.76%
1999 -3.07% -2.76%
1998 -4.46% -0.76%
1997 -3.87% -0.97%
1996 -4.33% -1.32%
1995 -3.9% -1.08%
1994 -3.63% -2.37%
1993 -5.53% -0.47%
1992 -11.3% 0.6%
1991 -10.8% 0.88%
1990 -11.9% 0.49%
1989 -7.01% -13.1%
1988 -9.35% -1.47%
1987 -11.7% -0.66%
1986 -9.79% -0.34%
1985 -10.6% -1.88%
1984 -8.9% -4.94%
1983 -7.55% -3.54%
1982 -8.24% -8.22%
1981 -5.83% -1.15%
1980 -5.32% 0.43%
1979 -11.6% 0.99%
1978 -12.4% -0.47%
1977 -8.74% -0.69%
1976 -9.05% -2.01%
1975 -8.97% -4.38%
1974 -4.45% -3.74%
1973 -3.99% -1.09%
1972 -3.16% -2.25%
1971 -7.45% -5.86%
1970 -10.8% -1.33%
1969 -7.08% -2.37%
1968 -5.56% -2.93%
1967 -4.27% -4.12%
1966 -4.48% -2.01%
1965 -3.28% -5.14%
1964 -4.89% -3.61%
1963 -6.55% -4.4%
1962 -3.39% -5.02%
1961 -4.6% -0.86%
1960 -3.83% 0.79%
1959 -3.71% 0.64%
1958 -4.2% -1.38%
1957 -2.21% -0.72%
1956 -2.36% 0.04%
1955 -2% -1.24%
1954 -3.18% -
1953 -2.66% -
1952 -0.73% -
1951 0.63% -
1950 -1.24% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1950–1998, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/pakistan/uruguay | 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 Uruguay's deficit of $2.6B, or 3.22% of GDP.

Over the past 65 years, Pakistan recorded a fiscal deficit in 65 of those years, while Uruguay ran a deficit in 59 years. On average, Pakistan posted an annual deficit equal to 6.14% of GDP, compared to deficit of 2.21% of GDP for Uruguay.

Inflation comparison by year

Inflation
Pakistan

Uruguay
1x
Year Consumer prices inflation
Pakistan Uruguay
2024 12.6% 4.85%
2023 30.8% 5.87%
2022 19.9% 9.1%
2021 9.5% 7.75%
2020 9.74% 9.76%
2019 10.6% 7.88%
2018 5.08% 7.61%
2017 4.09% 6.22%
2016 3.77% 9.64%
2015 2.53% 8.67%
2014 7.19% 8.88%
2013 7.69% 8.58%
2012 9.68% 8.1%
2011 11.9% 8.09%
2010 12.9% 6.7%
2009 13.6% 7.06%
2008 20.3% 7.88%
2007 7.6% 8.11%
2006 7.92% 6.4%
2005 9.06% 4.7%
2004 7.44% 9.16%
2003 2.91% 19.4%
2002 3.29% 14%
2001 3.15% 4.36%
2000 4.37% 4.76%
1999 4.14% 5.66%
1998 6.23% 10.8%
1997 11.4% 19.8%

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

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

Over the past 28 years, Pakistan has recorded an average annual inflation rate of 9.26%, compared with 8.56% in Uruguay. In 2024, inflation was 12.6% in Pakistan and 4.85% in Uruguay.

Top exports between countries

Pakistan
Export category Export value
Textiles & consumer goods $7.11M
Machinery & equipment $818K
Chemicals & pharma $268K
Raw materials & minerals $199K
Processed food, beverages & tobacco $28K
Miscellaneous $11K
Animal & marine products $8K
Metals $5K
Raw agricultural goods $3K
Uruguay
Export category Export value
Animal & marine products $561K
Chemicals & pharma $302K
Processed food, beverages & tobacco $150K
Machinery & equipment $118K
Metals $61K
Raw materials & minerals $37K
Wood & paper products $26K

Balance of trade

Pakistan Uruguay
Current account balance
$496M
2024
-$633M
2024
Current account balance ranking
63/190
2024
111/190
2024
Current account balance, % of GDP
+0.13%
2024
-0.78%
2024
Goods imports
$55.6B
2024
$13B
2024
Goods exports
$32.1B
2024
$16.3B
2024
Service imports
$11.2B
2024
$6.22B
2024
Service exports
$8.1B
2024
$7.1B
2024
Imports of goods and services, % of GDP
17.2%
2024
23.7%
2024
Exports of goods and services, % of GDP
10.4%
2024
28.8%
2024

Economic freedom indices

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

Pakistan Uruguay
Economic freedom 48.9 69.8
Economic freedom ranking 168/197 39/197
Property rights 25.7 87.4
Government integrity 26.3 79
Judicial effectiveness 27.6 80.9
Tax burden 78.2 73.3
Government spending 88.5 72
Fiscal health 10.1 76.6
Business freedom 54.4 83.8
Labor freedom 51.7 61.7
Monetary freedom 54.1 70.2
Trade freedom 70.4 73.2
Investment freedom 60 50
Financial freedom 40 30

Economic freedom comparison by year

Pakistan
Uruguay
1x
Year Economic freedom index
Pakistan Uruguay
2026 48.9 69.8
2025 49.1 70.2
2024 49.5 69.8
2023 49.4 70.2
2022 48.8 70
2021 51.7 69.3
2020 54.8 69.1
2019 55 68.6
2018 54.4 69.2
2017 52.8 69.7
2016 55.9 68.8
2015 55.6 68.6
2014 55.2 69.3
2013 55.1 69.7
2012 54.7 69.9
2011 55.1 70
2010 55.2 69.8
2009 57 69.1
2008 55.6 67.9
2007 57.2 68.4
2006 57.9 65.3
2005 53.3 66.9
2004 54.9 66.7
2003 55 69.8
2002 55.8 68.7
2001 56 70.7
2000 56.4 69.3
1999 53 68.5
1998 53.2 68.6
1997 56 67.5
1996 58.4 63.7
1995 57.6 62.5

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

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

The Economic Freedom Index for Pakistan is 48.9, ranking 168/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Pakistan Uruguay
Services, % of GDP
50.7%
2024
65.3%
2024
Industry, % of GDP
20.2%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
23.7%
2024
6.42%
2024
GNI, Atlas method
$358B
2024
$73.3B
2024
GNI per capita, PPP
$6,100
2024
$34,170
2024
Total reserves including gold
$18.4B
2024
$17.4B
2024
Total reserves ranking
63/177
2024
66/177
2024
Net foreign direct investment
-$2.58B
2024
$2.58B
2024
Net inflows of foreign direct investment
$2.66B
2024
-$3.94B
2024
Net outflows of foreign direct investment
$84M
2024
-$1.37B
2024
Servicing debt to the IMF, % of GNI
4.5%
2024
n/a
Poverty at national poverty lines
21.9%
2018
17.3%
2024
Gross capital formation, % of GDP
13.2%
2024
15.6%
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/uruguay | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1998, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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)

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.