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Economy of Pakistan vs Vanuatu compared: GDP & Debt

Updated on by Georank team

Pakistan has a GDP of $373B compared to $1.16B for Vanuatu, ranking 44/197 and 185/197 by economy size, respectively.

Pakistan has $261B in government debt (73.6% of GDP), compared to $518M (48.5% of GDP) in Vanuatu.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Pakistan
GDP, current $

GDP, constant 2015 $
Vanuatu
GDP, current $

GDP, constant 2015 $
Year GDP
Pakistan Vanuatu
Current $ Constant $ Current $ Constant $
1960 $3,749,265,015 $18,921,911,099 - -
1961 $4,118,647,627 $20,054,831,466 - -
1962 $4,310,163,797 $20,953,861,209 - -
1963 $4,630,827,383 $22,774,506,906 - -
1964 $5,204,955,901 $24,498,481,839 - -
1965 $5,929,231,415 $27,051,068,282 - -
1966 $6,561,108,778 $28,617,312,098 - -
1967 $7,464,510,710 $30,162,822,260 - -
1968 $8,041,999,160 $32,344,565,831 - -
1969 $8,683,116,338 $34,126,072,054 - -
1970 $10,027,509,450 $38,000,562,581 - -
1971 $10,665,896,682 $38,178,546,784 - -
1972 $9,415,016,360 $38,489,093,529 - -
1973 $6,383,429,490 $41,208,064,652 - -
1974 $8,899,191,919 $42,666,909,142 - -
1975 $11,230,606,061 $44,463,790,023 - -
1976 $13,168,080,808 $46,756,427,335 - -
1977 $15,126,060,606 $48,602,230,016 - -
1978 $17,811,515,152 $52,513,996,839 - -
1979 $19,688,383,838 $54,487,701,575 $119,258,835 $335,975,592
1980 $23,654,444,444 $60,054,003,904 $121,185,498 $297,675,024
1981 $28,100,606,061 $64,810,739,569 $113,781,796 $310,707,108
1982 $30,725,971,564 $69,047,733,113 $114,501,913 $316,858,745
1983 $28,691,889,764 $73,728,049,698 $117,389,554 $326,395,019
1984 $31,151,825,467 $77,462,527,004 $144,482,515 $357,647,314
1985 $31,144,920,844 $83,343,570,902 $131,856,421 $361,229,593
1986 $31,899,070,056 $87,928,845,525 $126,498,935 $360,686,075
1987 $33,351,529,275 $93,602,316,255 $139,464,174 $350,248,055
1988 $38,472,742,808 $100,739,753,814 $158,351,368 $344,318,766
1989 $40,171,106,279 $105,736,212,788 $154,013,202 $349,593,363
1990 $40,010,423,970 $110,450,553,630 $168,879,207 $390,480,753
1991 $45,625,336,680 $116,041,083,242 $201,334,169 $402,771,675
1992 $48,884,671,947 $124,983,090,543 $209,088,825 $413,184,990
1993 $51,809,999,353 $127,179,977,940 $200,491,853 $416,223,750
1994 $52,293,470,813 $131,933,222,221 $233,701,301 $454,022,969
1995 $60,636,071,684 $138,480,552,374 $249,333,250 $458,581,110
1996 $63,320,170,084 $145,192,124,912 $261,370,044 $469,253,831
1997 $62,433,340,468 $146,664,948,035 $272,771,209 $492,279,237
1998 $62,191,955,814 $150,405,247,843 $262,293,411 $498,072,647
1999 $62,973,857,069 $155,910,279,561 $268,006,973 $499,752,612
2000 $99,484,802,345 $162,552,194,689 $272,014,628 $529,362,000
2001 $97,145,618,480 $168,487,544,527 $257,926,882 $511,376,490
2002 $97,923,302,809 $172,859,487,444 $262,596,536 $484,793,510
2003 $112,371,913,741 $182,196,165,734 $314,471,413 $505,583,080
2004 $132,216,048,339 $196,464,413,111 $364,996,869 $525,742,663
2005 $145,208,562,961 $210,760,292,372 $394,962,433 $553,635,028
2006 $161,871,385,506 $223,514,741,631 $439,358,587 $600,476,413
2007 $184,140,869,997 $233,449,556,918 $516,392,923 $617,745,468
2008 $202,203,748,584 $238,399,717,139 $590,748,429 $652,345,341
2009 $187,337,783,856 $246,678,267,936 $592,622,319 $672,159,049
2010 $196,709,621,850 $250,382,678,708 $670,712,980 $680,620,639
2011 $230,586,581,060 $257,093,227,080 $770,153,588 $701,990,785
2012 $250,106,966,105 $264,876,940,259 $747,839,698 $709,081,227
2013 $258,657,231,672 $276,443,758,788 $758,304,466 $712,367,041
2014 $271,390,474,858 $287,823,367,553 $773,717,011 $730,710,780
2015 $299,963,590,535 $299,963,590,535 $759,690,181 $759,690,181
2016 $313,630,000,130 $319,682,711,891 $804,323,577 $786,063,165
2017 $339,205,534,861 $333,853,050,598 $880,043,284 $820,749,507
2018 $356,128,166,705 $354,390,697,428 $914,727,908 $844,553,133
2019 $320,909,472,771 $363,242,090,362 $936,526,268 $871,926,685
2020 $300,425,609,818 $358,614,068,499 $909,421,044 $828,395,820
2021 $348,516,647,445 $381,973,779,235 $982,362,212 $815,536,674
2022 $374,890,295,667 $400,224,894,619 $1,030,654,208 $857,832,270
2023 $337,885,531,778 $400,065,449,136 $1,126,313,359 $849,555,971
2024 $373,071,855,732 $413,006,704,003 $1,161,251,868 $883,260,050

Economic indicators

Pakistan Vanuatu
Gross domestic product
$373B
2024
$1.16B
2024
GDP rank
44/197
2024
185/197
2024
GDP growth
10.4%
2023-2024
3.1%
2023-2024
GDP per capita
$1,485
2024
$3,543
2024
GDP per capita rank
163/197
2024
133/197
2024
GDP per capita, PPP
$6,287
2024
$3,602
2024
Government debt
$261B
2024
$518M
2024
Debt-to-GDP ratio
73.6%
2025
48.5%
2025
Government debt per person
$1,040
2024
$1,580
2024
Government debt per person rank
141/185
2024
126/185
2024
Average annual personal income after taxes
$1,459
2025
$2,778
2025
Market capitalization of domestic companies
$52.1B
2024
n/a
Income share by richest 10%
25.5%
2018
24.7%
2019
Income share by poorest 10%
4.2%
2018
3%
2019
Government expenditure, % of GDP
21.6%
2025
38.6%
2025
Consumer prices inflation
12.6%
2023-2024
11.2%
2022-2023
Central bank interest rate
11%
2025
n/a
Unemployment rate
6.34%
2021
4.05%
2020
Population
258497127
341110

GDP per capita in Pakistan vs Vanuatu

Pakistan's GDP per capita is $1,485, ranking 163/197, compared to $3,543 in Vanuatu, ranking 133/197. Adjusted for purchasing power (GDP per capita PPP), Pakistan ranks 150th at $6,287, while Vanuatu ranks 170th at $3,602.

Pakistan
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
Year Current $
Pakistan Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $82 - - -
1961 $87.8 - - -
1962 $89.5 - - -
1963 $93.7 - - -
1964 $102.5 - - -
1965 $113.6 - - -
1966 $122.2 - - -
1967 $135.2 - - -
1968 $141.6 - - -
1969 $148.5 - - -
1970 $166.7 - - -
1971 $172.5 - - -
1972 $148.1 - - -
1973 $97.5 - - -
1974 $132 - - -
1975 $161.7 - - -
1976 $183.9 - - -
1977 $204.7 - - -
1978 $233.4 - - -
1979 $249.2 - $1,055 -
1980 $287.4 - $1,048 -
1981 $328 - $962 -
1982 $345 - $946 -
1983 $311 - $947 -
1984 $327 - $1,137 -
1985 $317 - $1,012 -
1986 $314 - $946 -
1987 $317 - $1,017 -
1988 $354 - $1,125 -
1989 $358 - $1,067 -
1990 $344 $1,895 $1,141 $1,670
1991 $380 $1,992 $1,326 $1,737
1992 $396 $2,132 $1,344 $1,777
1993 $408 $2,160 $1,257 $1,789
1994 $400 $2,224 $1,431 $1,946
1995 $451 $2,315 $1,492 $1,961
1996 $457 $2,401 $1,529 $1,998
1997 $438 $2,398 $1,562 $2,087
1998 $424 $2,419 $1,471 $2,091
1999 $418 $2,475 $1,472 $2,084
2000 $642 $2,565 $1,460 $2,206
2001 $610 $2,644 $1,350 $2,125
2002 $600 $2,688 $1,341 $1,995
2003 $672 $2,822 $1,567 $2,070
2004 $772 $3,048 $1,774 $2,157
2005 $828 $3,293 $1,874 $2,287
2006 $901 $3,515 $2,035 $2,496
2007 $998 $3,672 $2,334 $2,573
2008 $1,067 $3,721 $2,604 $2,701
2009 $964 $3,777 $2,546 $2,730
2010 $987 $3,786 $2,815 $2,733
2011 $1,132 $3,880 $3,163 $2,816
2012 $1,204 $4,047 $3,005 $2,834
2013 $1,225 $4,174 $2,980 $2,832
2014 $1,267 $4,313 $2,973 $2,890
2015 $1,380 $4,480 $2,855 $2,966
2016 $1,425 $4,631 $2,956 $3,030
2017 $1,519 $4,790 $3,160 $3,146
2018 $1,569 $4,979 $3,207 $3,233
2019 $1,390 $5,038 $3,207 $3,315
2020 $1,278 $5,048 $3,043 $3,118
2021 $1,455 $5,367 $3,212 $3,136
2022 $1,538 $5,920 $3,292 $3,453
2023 $1,365 $6,037 $3,515 $3,461
2024 $1,485 $6,287 $3,543 $3,602

Spending and national debt comparison

In 2024, Pakistan's government spending was $72.3B, accounting for 21.6% of its GDP, while Vanuatu's spent $442M, or 38.6% of GDP.

Debt-to-GDP ratio is 73.6% in Pakistan and 48.5% in Vanuatu, ranking 49/185 and 113/185, respectively.

Pakistan
Government spending

Government debt
Vanuatu
Government spending

Government debt
Year % of GDP
Pakistan Vanuatu
Government spending Government debt Government spending Government debt
1960 10% 19.5% - -
1961 10.6% 19.6% - -
1962 11.8% 16.6% - -
1963 14.7% 19.2% - -
1964 12.1% 21.3% - -
1965 11.2% 22.7% - -
1966 12.2% 25.1% - -
1967 12.9% 25.9% - -
1968 13.7% 27.5% - -
1969 15.6% 29.1% - -
1970 23.6% 31.6% - -
1971 22.1% 33.2% - -
1972 13.5% 88.7% - -
1973 13.9% 43.4% - -
1974 15.3% 38% - -
1975 20.4% 32.1% - -
1976 21% 35.8% - -
1977 20.4% 36.4% - -
1978 25.5% 36.1% - -
1979 25.3% 36.8% - -
1980 22% 33.3% - -
1981 21.6% 29.7% - -
1982 24.5% 33.8% - -
1983 24.8% 33.6% - -
1984 25.4% 33.4% - -
1985 28.3% 37% - -
1986 27.6% 43.1% - -
1987 29.5% 44.4% - -
1988 27.9% 45% - -
1989 26.1% 46.6% - -
1990 23.9% 48.3% - -
1991 21.4% 55.8% 33.2% 15.9%
1992 22.6% 53.3% 31.8% 21%
1993 17% 57.9% 26.2% 20.3%
1994 14.5% 58.5% 24.4% 21.6%
1995 14% 52.3% 28% 24.1%
1996 15% 52.5% 24.5% 23.1%
1997 13.7% 52.8% 22.2% 22.9%
1998 14.1% 53.8% 27.9% 28%
1999 13.2% 60.7% 23.9% 30.6%
2000 13.8% 61.7% 25.4% 36.1%
2001 12.9% 65.1% 22.3% 37%
2002 14.4% 60.5% 22.3% 38.8%
2003 12.9% 56.3% 18.8% 38.3%
2004 12.1% 50.6% 18.5% 30.4%
2005 13% 47.9% 18.3% 26.3%
2006 14.5% 46.2% 20.1% 22.2%
2007 16.1% 44.2% 22.5% 19.5%
2008 18% 49.5% 27.8% 21.2%
2009 17.3% 54.6% 27.6% 21.1%
2010 18.3% 56.7% 28.3% 20.2%
2011 17.9% 56.2% 25.1% 21.3%
2012 19.4% 58.4% 24.5% 19.3%
2013 19.5% 59.2% 22.9% 18.6%
2014 18.1% 58.8% 23.3% 20.2%
2015 17.8% 59.1% 42.4% 36.3%
2016 17.7% 62.1% 35.2% 42.5%
2017 19.1% 62.1% 37.1% 52.6%
2018 19.1% 66.3% 33.3% 45.3%
2019 19.1% 78.7% 39.8% 45.1%
2020 20.3% 80.8% 43.4% 48%
2021 18.5% 74.7% 44.4% 48.5%
2022 20% 77.3% 42% 43.1%
2023 19.2% 78.2% 41.6% 40.6%
2024 19.4% 70.1% 38% 44.6%
2025 21.6% 73.6% 38.6% 48.5%

Government deficit by year

In 2024, Pakistan's government deficit, the difference between spending and revenue, was -$25.3B, equivalent to -6.77% of GDP. This compares to Vanuatu's deficit of -$75.1M, or -6.47% of GDP.

Over the past 34 years, Pakistan recorded a fiscal deficit in 34 of those years, while Vanuatu ran a deficit in 26 years. On average, Pakistan posted an annual deficit equal to -5.13% of GDP, compared to deficit of -1.68% of GDP for Vanuatu.

Deficit/surplus
Pakistan

Vanuatu
Year Deficit/surplus, % of GDP
Pakistan Vanuatu
1950 -1.24% -
1951 0.63% -
1952 -0.73% -
1953 -2.66% -
1954 -3.18% -
1955 -2% -
1956 -2.36% -
1957 -2.21% -
1958 -4.2% -
1959 -3.71% -
1960 -3.83% -
1961 -4.6% -
1962 -3.39% -
1963 -6.55% -
1964 -4.89% -
1965 -3.28% -
1966 -4.48% -
1967 -4.27% -
1968 -5.56% -
1969 -7.08% -
1970 -10.8% -
1971 -7.45% -
1972 -3.16% -
1973 -3.99% -
1974 -4.45% -
1975 -8.97% -
1976 -9.05% -
1977 -8.74% -
1978 -12.4% -
1979 -11.6% -
1980 -5.32% -
1981 -5.83% -
1982 -8.24% -
1983 -7.55% -
1984 -8.9% -
1985 -10.6% -
1986 -9.79% -
1987 -11.7% -
1988 -9.35% -
1989 -7.01% -
1990 -11.9% -
1991 -10.8% -2.81%
1992 -11.3% -2.32%
1993 -5.53% -3.67%
1994 -3.63% -1.49%
1995 -3.9% -2.59%
1996 -4.33% -1.78%
1997 -3.87% -0.51%
1998 -4.46% -6.65%
1999 -3.07% -0.55%
2000 -3.21% -6.28%
2001 -2.45% -3.33%
2002 -2.64% -3.63%
2003 -0.12% -1.35%
2004 -1.29% 0.8%
2005 -2.29% 1.86%
2006 -2.79% 0.49%
2007 -4.23% 0.28%
2008 -5.94% -0.04%
2009 -4.53% -0.85%
2010 -5.42% -2.63%
2011 -6.23% -2.19%
2012 -7.74% -1.7%
2013 -7.48% -0.25%
2014 -4.37% 1.44%
2015 -4.74% -8.66%
2016 -3.92% -0.72%
2017 -5.17% -1.2%
2018 -5.67% 6.26%
2019 -7.79% 2.81%
2020 -7.03% -1.95%
2021 -6.04% 2.38%
2022 -7.84% -6.5%
2023 -7.7% -3.47%
2024 -6.77% -6.47%
2025 -5.62% -5.96%

Inflation comparison by year

Over the past 28 years, Pakistan has recorded an average annual inflation rate of 9.18%, compared with 2.93% in Vanuatu. In 2023, inflation was 12.6% in Pakistan and 11.2% in Vanuatu.

Inflation
Pakistan

Vanuatu
Year Inflation
Pakistan Vanuatu Pakistan Vanuatu
1996 10.4% 0.91%
1997 11.4% 2.83%
1998 6.23% 3.28%
1999 4.14% 2%
2000 4.37% 2.54%
2001 3.15% 3.58%
2002 3.29% 1.96%
2003 2.91% 3.02%
2004 7.44% 1.42%
2005 9.06% 1.2%
2006 7.92% 2.04%
2007 7.6% 3.94%
2008 20.3% 4.84%
2009 13.6% 4.3%
2010 12.9% 2.76%
2011 11.9% 0.87%
2012 9.68% 1.35%
2013 7.69% 1.46%
2014 7.19% 0.8%
2015 2.53% 2.48%
2016 3.77% 0.84%
2017 4.09% 3.08%
2018 5.08% 2.33%
2019 10.6% 2.76%
2020 9.74% 5.33%
2021 9.5% 2.34%
2022 19.9% 6.68%
2023 30.8% 11.2%
2024 12.6% -

Top exports between countries

Pakistan
Export category Export value
Textiles & consumer goods $77K
Chemicals & pharma $27K
Machinery & equipment $14K
Processed food, beverages & tobacco $12K
Metals $1K
Vanuatu
Export category Export value

Balance of trade

Pakistan Vanuatu
Current account balance
$557M
2024
-$127M
2022
Current account balance ranking
59/189
2024
88/189
2022
Current account balance, % of GDP
+0.15%
2024
-12.4%
2022
Goods imports
$55.7B
2024
$350M
2022
Goods exports
$32.1B
2024
$73.6M
2022
Service imports
$11.2B
2024
$230M
2022
Service exports
$8.1B
2024
$78.5M
2022
Imports of goods and services, % of GDP
17.1%
2024
55.5%
2022
Exports of goods and services, % of GDP
10.4%
2024
9.65%
2022

Economic freedom indices

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

Pakistan Vanuatu
Economic freedom 49.1 61.8
Economic freedom ranking 165/197 86/197
Property rights 29.2 61.4
Government integrity 28.4 48.1
Judicial effectiveness 28.9 71.3
Tax burden 78.3 97.6
Government spending 88.9 43.1
Fiscal health 8.1 85.4
Business freedom 51.5 55.5
Labor freedom 51.8 48.8
Monetary freedom 54.5 65.7
Trade freedom 69.8 59.4
Investment freedom 60 65
Financial freedom 40 40

Economic freedom by year comparison

The Economic Freedom Index for Pakistan is 49.1, ranking 165/197, compared to 61.8 for Vanuatu, ranking 86/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Pakistan
Vanuatu
Year Economic freedom index
Pakistan Vanuatu
1995 57.6 -
1996 58.4 -
1997 56 -
1998 53.2 -
1999 53 -
2000 56.4 -
2001 56 -
2002 55.8 -
2003 55 -
2004 54.9 -
2005 53.3 -
2006 57.9 -
2007 57.2 -
2008 55.6 -
2009 57 58.4
2010 55.2 56.4
2011 55.1 56.7
2012 54.7 56.6
2013 55.1 56.6
2014 55.2 59.5
2015 55.6 61.1
2016 55.9 60.8
2017 52.8 67.4
2018 54.4 69.5
2019 55 56.4
2020 54.8 60.7
2021 51.7 60.5
2022 48.8 62.9
2023 49.4 62.1
2024 49.5 62.2
2025 49.1 61.8

More economic indicators

Pakistan Vanuatu
Services, % of GDP
50.5%
2024
60.4%
2022
Industry, % of GDP
20%
2024
7.55%
2022
Agriculture, forestry, and fishing, % of GDP
23.5%
2024
24.9%
2022
GNI, Atlas method
$360B
2024
$1.29B
2024
GNI per capita, PPP
$6,140
2024
$4,120
2024
Total reserves including gold
$18.4B
2024
$615M
2024
Total reserves ranking
63/177
2024
152/177
2024
Net foreign direct investment
-$2.64B
2024
-$9.21M
2022
Net inflows of foreign direct investment
$2.73B
2024
$28.9M
2024
Net outflows of foreign direct investment
$84M
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI
4.82%
2023
1.99%
2023
Poverty at national poverty lines
21.9%
2018
15.9%
2020
Gross capital formation, % of GDP
12.9%
2024
39.2%
2022

GDP per capita map

GDP per capita

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Economy comparisons

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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.