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Economy of Pakistan vs Vanuatu compared: GDP & Debt

Updated on by Georank team

Pakistan has a GDP of $372B compared to $1.12B for Vanuatu, ranking 43/197 and 188/197 by economy size, respectively.

Pakistan has $262B in government debt (70.4% of GDP), compared to $507M (45.3% of GDP) in Vanuatu.

Pakistan vs Vanuatu GDP by year

Pakistan
Vanuatu
1x
Year GDP, current $
Pakistan Vanuatu
2024 $371,570,000,121 $1,117,972,034
2023 $336,686,348,609 $1,115,861,056
2022 $374,890,295,667 $1,055,031,361
2021 $348,516,647,445 $950,394,007
2020 $300,425,609,818 $909,421,044
2019 $320,909,472,771 $936,526,268
2018 $356,128,166,705 $914,727,908
2017 $339,205,534,861 $880,043,284
2016 $313,630,000,130 $804,323,577
2015 $299,963,590,535 $759,690,181
2014 $271,390,474,858 $773,717,011
2013 $258,657,231,672 $758,304,466
2012 $250,106,966,105 $747,839,698
2011 $230,586,581,060 $770,153,588
2010 $196,709,621,850 $670,712,980
2009 $187,337,783,856 $592,622,319
2008 $202,203,748,584 $590,748,429
2007 $184,140,869,997 $516,392,923
2006 $161,871,385,506 $439,358,587
2005 $145,208,562,961 $394,962,433
2004 $132,216,048,339 $364,996,869
2003 $112,371,913,741 $314,471,413
2002 $97,923,302,809 $262,596,536
2001 $97,145,618,480 $257,926,882
2000 $99,484,802,345 $272,014,628
1999 $62,973,857,069 $268,006,973
1998 $62,191,955,814 $262,293,411
1997 $62,433,340,468 $272,771,209
1996 $63,320,170,084 $261,370,044
1995 $60,636,071,684 $249,333,250
1994 $52,293,470,813 $233,701,301
1993 $51,809,999,353 $200,491,853
1992 $48,884,671,947 $209,088,825
1991 $45,625,336,680 $201,334,169
1990 $40,010,423,970 $168,879,207
1989 $40,171,106,279 $154,013,202
1988 $38,472,742,808 $158,351,368
1987 $33,351,529,275 $139,464,174
1986 $31,899,070,056 $126,498,935
1985 $31,144,920,844 $131,856,421
1984 $31,151,825,467 $144,482,515
1983 $28,691,889,764 $117,389,554
1982 $30,725,971,564 $114,501,913
1981 $28,100,606,061 $113,781,796
1980 $23,654,444,444 $121,185,498
1979 $19,688,383,838 $119,258,835
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/vanuatu | CC BY

GDP per capita in Pakistan vs Vanuatu by year

Pakistan
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Pakistan Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,479 $6,252 $3,411 $3,606
2023 $1,360 $6,014 $3,483 $3,568
2022 $1,538 $5,920 $3,370 $3,453
2021 $1,455 $5,367 $3,107 $3,136
2020 $1,278 $5,048 $3,043 $3,118
2019 $1,390 $5,038 $3,207 $3,315
2018 $1,569 $4,979 $3,207 $3,233
2017 $1,519 $4,790 $3,160 $3,146
2016 $1,425 $4,631 $2,956 $3,030
2015 $1,380 $4,480 $2,855 $2,966
2014 $1,267 $4,313 $2,973 $2,890
2013 $1,225 $4,174 $2,980 $2,832
2012 $1,204 $4,047 $3,005 $2,834
2011 $1,132 $3,880 $3,163 $2,816
2010 $987 $3,786 $2,815 $2,733
2009 $964 $3,777 $2,546 $2,730
2008 $1,067 $3,721 $2,604 $2,701
2007 $998 $3,672 $2,334 $2,573
2006 $901 $3,515 $2,035 $2,496
2005 $828 $3,293 $1,874 $2,287
2004 $772 $3,048 $1,774 $2,157
2003 $672 $2,822 $1,567 $2,070
2002 $600 $2,688 $1,341 $1,995
2001 $610 $2,644 $1,350 $2,125
2000 $642 $2,565 $1,460 $2,206
1999 $418 $2,475 $1,472 $2,084
1998 $424 $2,419 $1,471 $2,091
1997 $438 $2,398 $1,562 $2,087
1996 $457 $2,401 $1,529 $1,998
1995 $451 $2,315 $1,492 $1,961
1994 $400 $2,224 $1,431 $1,946
1993 $408 $2,160 $1,257 $1,789
1992 $396 $2,132 $1,344 $1,777
1991 $380 $1,992 $1,326 $1,737
1990 $344 $1,895 $1,141 $1,670
1989 $358 - $1,067 -
1988 $354 - $1,125 -
1987 $317 - $1,017 -
1986 $314 - $946 -
1985 $317 - $1,012 -
1984 $327 - $1,137 -
1983 $311 - $947 -
1982 $345 - $946 -
1981 $328 - $962 -
1980 $287.4 - $1,048 -
1979 $249.2 - $1,055 -
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/vanuatu | CC BY

Pakistan's GDP per capita is $1,479, ranking 163/197, compared to $3,411 in Vanuatu, ranking 137/197. Adjusted for purchasing power (GDP per capita PPP), Pakistan ranks 150th at $6,252, while Vanuatu ranks 170th at $3,606.

Economic indicators

Pakistan Vanuatu
Gross domestic product
$372B
2024
$1.12B
2024
GDP rank
43/197
2024
188/197
2024
GDP growth
3.05%
2023-2024
0.94%
2023-2024
GDP per capita
$1,479
2024
$3,411
2024
GDP per capita rank
163/197
2024
137/197
2024
GDP per capita, PPP
$6,252
2024
$3,606
2024
GDP per capita PPP rank
150/197
2024
170/197
2024
Government debt
$262B
2024
$507M
2024
Debt-to-GDP ratio
70.4%
2024
45.3%
2024
Government debt per person
$1,041
2024
$1,546
2024
Government debt per person rank
140/185
2024
131/185
2024
Average annual personal income after taxes
$1,668
2026
$3,164
2026
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
19.5%
2024
41.1%
2024
Consumer prices inflation
12.6%
2023-2024
11.2%
2022-2023
Central bank interest rate
10.5%
2025
n/a
Unemployment rate
6.96%
2025
4.05%
2020
Population
260356147
344750

Spending and national debt comparison by year

Pakistan
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Pakistan Vanuatu
Government spending Government debt Government spending Government debt
2024 19.5% 70.4% 41.1% 45.3%
2023 19.3% 78.5% 41.6% 41.8%
2022 20% 77.3% 42% 42.8%
2021 18.5% 74.7% 44.4% 48.5%
2020 20.3% 80.8% 43.4% 48%
2019 19.1% 78.7% 39.8% 45.1%
2018 19.1% 66.3% 33.3% 45.3%
2017 19.1% 62.1% 37.1% 52.6%
2016 17.7% 62.1% 35.2% 42.5%
2015 17.8% 59.1% 42.4% 36.3%
2014 18.1% 58.8% 23.3% 20.2%
2013 19.5% 59.2% 22.9% 18.6%
2012 19.4% 58.4% 24.5% 19.3%
2011 17.9% 56.2% 25.1% 21.3%
2010 18.3% 56.7% 28.3% 20.2%
2009 17.3% 54.6% 27.6% 21.1%
2008 18% 49.5% 27.8% 21.2%
2007 16.1% 44.2% 22.5% 19.5%
2006 14.5% 46.2% 20.1% 22.2%
2005 13% 47.9% 18.3% 26.3%
2004 12.1% 50.6% 18.5% 30.4%
2003 12.9% 56.3% 18.8% 38.3%
2002 14.4% 60.5% 22.3% 38.8%
2001 12.9% 65.1% 22.3% 37%
2000 13.8% 61.7% 25.4% 36.1%
1999 13.2% 60.7% 23.9% 30.6%
1998 14.1% 53.8% 27.9% 28%
1997 13.7% 52.8% 22.2% 22.9%
1996 15% 52.5% 24.5% 23.1%
1995 14% 52.3% 28% 24.1%
1994 14.5% 58.5% 24.4% 21.6%
1993 17% 57.9% 26.2% 20.3%
1992 22.6% 53.3% 31.8% 21%
1991 21.4% 55.8% 33.2% 15.9%
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 (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1993, retrieved 2026-02-20).

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

In 2024, Pakistan's government spending was $72.4B, accounting for 19.5% of its GDP, while Vanuatu spent $459M, or 41.1% of GDP.

Debt-to-GDP ratio is 70.4% in Pakistan and 45.3% in Vanuatu, ranking 56/185 and 119/185, respectively.

Government deficit by year

Deficit/surplus
Pakistan

Vanuatu
1x
Year Deficit/surplus, % of GDP
Pakistan Vanuatu
2024 -6.81% -2.34%
2023 -7.76% -0.95%
2022 -7.84% -6.5%
2021 -6.04% 2.38%
2020 -7.03% -1.95%
2019 -7.79% 2.81%
2018 -5.67% 6.26%
2017 -5.17% -1.2%
2016 -3.92% -0.72%
2015 -4.74% -8.66%
2014 -4.37% 1.44%
2013 -7.48% -0.25%
2012 -7.74% -1.7%
2011 -6.23% -2.19%
2010 -5.42% -2.63%
2009 -4.53% -0.85%
2008 -5.94% -0.04%
2007 -4.23% 0.28%
2006 -2.79% 0.49%
2005 -2.29% 1.86%
2004 -1.29% 0.8%
2003 -0.12% -1.35%
2002 -2.64% -3.63%
2001 -2.45% -3.33%
2000 -3.21% -6.28%
1999 -3.07% -0.55%
1998 -4.46% -6.65%
1997 -3.87% -0.51%
1996 -4.33% -1.78%
1995 -3.9% -2.59%
1994 -3.63% -1.49%
1993 -5.53% -3.67%
1992 -11.3% -2.32%
1991 -10.8% -2.81%
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/vanuatu | 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 Vanuatu's deficit of $26.2M, or 2.34% 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 1.49% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Pakistan

Vanuatu
1x
Year Consumer prices inflation
Pakistan Vanuatu
2024 12.6% -
2023 30.8% 11.2%
2022 19.9% 6.68%
2021 9.5% 2.34%
2020 9.74% 5.33%
2019 10.6% 2.76%
2018 5.08% 2.33%
2017 4.09% 3.08%
2016 3.77% 0.84%
2015 2.53% 2.48%
2014 7.19% 0.8%
2013 7.69% 1.46%
2012 9.68% 1.35%
2011 11.9% 0.87%
2010 12.9% 2.76%
2009 13.6% 4.3%
2008 20.3% 4.84%
2007 7.6% 3.94%
2006 7.92% 2.04%
2005 9.06% 1.2%
2004 7.44% 1.42%
2003 2.91% 3.02%
2002 3.29% 1.96%
2001 3.15% 3.58%
2000 4.37% 2.54%
1999 4.14% 2%
1998 6.23% 3.28%
1997 11.4% 2.83%

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

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

Over the past 27 years, Pakistan has recorded an average annual inflation rate of 9.14%, compared with 3.01% in Vanuatu. In 2023, inflation was 12.6% in Pakistan and 11.2% in Vanuatu.

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
$496M
2024
-$127M
2022
Current account balance ranking
63/190
2024
90/190
2022
Current account balance, % of GDP
+0.13%
2024
-12.1%
2022
Goods imports
$55.6B
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
17.2%
2024
54.2%
2022
Exports of goods and services, % of GDP
10.4%
2024
9.43%
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 48.9 61.1
Economic freedom ranking 168/197 92/197
Property rights 25.7 62.1
Government integrity 26.3 48.3
Judicial effectiveness 27.6 67.9
Tax burden 78.2 96.9
Government spending 88.5 48.1
Fiscal health 10.1 78.8
Business freedom 54.4 50.3
Labor freedom 51.7 41
Monetary freedom 54.1 72.1
Trade freedom 70.4 62
Investment freedom 60 65
Financial freedom 40 40

Economic freedom comparison by year

Pakistan
Vanuatu
1x
Year Economic freedom index
Pakistan Vanuatu
2026 48.9 61.1
2025 49.1 61.8
2024 49.5 62.2
2023 49.4 62.1
2022 48.8 62.9
2021 51.7 60.5
2020 54.8 60.7
2019 55 56.4
2018 54.4 69.5
2017 52.8 67.4
2016 55.9 60.8
2015 55.6 61.1
2014 55.2 59.5
2013 55.1 56.6
2012 54.7 56.6
2011 55.1 56.7
2010 55.2 56.4
2009 57 58.4
2008 55.6 -
2007 57.2 -
2006 57.9 -
2005 53.3 -
2004 54.9 -
2003 55 -
2002 55.8 -
2001 56 -
2000 56.4 -
1999 53 -
1998 53.2 -
1997 56 -
1996 58.4 -
1995 57.6 -

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

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

The Economic Freedom Index for Pakistan is 48.9, ranking 168/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Pakistan Vanuatu
Services, % of GDP
50.7%
2024
59.1%
2022
Industry, % of GDP
20.2%
2024
7.37%
2022
Agriculture, forestry, and fishing, % of GDP
23.7%
2024
24.3%
2022
GNI, Atlas method
$358B
2024
$1.28B
2024
GNI per capita, PPP
$6,100
2024
$4,140
2024
Total reserves including gold
$18.4B
2024
$615M
2024
Total reserves ranking
63/177
2024
152/177
2024
Net foreign direct investment
-$2.58B
2024
-$9.21M
2022
Net inflows of foreign direct investment
$2.66B
2024
$28.9M
2024
Net outflows of foreign direct investment
$84M
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI
4.5%
2024
2.04%
2024
Poverty at national poverty lines
21.9%
2018
15.9%
2020
Gross capital formation, % of GDP
13.2%
2024
38.3%
2022

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/vanuatu | 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)

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.