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Economy of Pakistan vs Zimbabwe compared: GDP & Debt

Updated on by Georank team

Pakistan has a GDP of $373B compared to $44.2B for Zimbabwe, ranking 44/197 and 99/197 by economy size, respectively.

Pakistan has $261B in government debt (73.6% of GDP), compared to $41.8B (58.6% of GDP) in Zimbabwe.

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 $
Zimbabwe
GDP, current $

GDP, constant 2015 $
Year GDP
Pakistan Zimbabwe
Current $ Constant $ Current $ Constant $
1960 $3,749,265,015 $18,921,911,099 $1,052,990,485 $4,350,191,359
1961 $4,118,647,627 $20,054,831,466 $1,096,646,688 $4,624,956,287
1962 $4,310,163,797 $20,953,861,209 $1,117,601,690 $4,691,299,938
1963 $4,630,827,383 $22,774,506,906 $1,159,511,793 $4,984,240,868
1964 $5,204,955,901 $24,498,481,839 $1,217,138,098 $4,929,106,598
1965 $5,929,231,415 $27,051,068,282 $1,311,435,906 $5,171,153,857
1966 $6,561,108,778 $28,617,312,098 $1,281,749,603 $5,249,917,254
1967 $7,464,510,710 $30,162,822,260 $1,397,002,112 $5,689,178,300
1968 $8,041,999,160 $32,344,565,831 $1,479,600,019 $5,801,262,791
1969 $8,683,116,338 $34,126,072,054 $1,747,998,941 $6,522,257,412
1970 $10,027,509,450 $38,000,562,581 $1,884,206,452 $7,994,014,635
1971 $10,665,896,682 $38,178,546,784 $2,178,716,475 $8,706,887,816
1972 $9,415,016,360 $38,489,093,529 $2,677,729,616 $9,432,151,957
1973 $6,383,429,490 $41,208,064,652 $3,309,353,866 $9,677,832,605
1974 $8,899,191,919 $42,666,909,142 $3,982,161,721 $10,319,003,882
1975 $11,230,606,061 $44,463,790,023 $4,371,301,052 $10,119,720,881
1976 $13,168,080,808 $46,756,427,335 $4,318,372,348 $10,166,761,281
1977 $15,126,060,606 $48,602,230,016 $4,364,382,451 $9,469,249,965
1978 $17,811,515,152 $52,513,996,839 $4,351,600,850 $9,212,924,709
1979 $19,688,383,838 $54,487,701,575 $5,177,459,817 $9,516,678,098
1980 $23,654,444,444 $60,054,003,904 $6,678,868,738 $10,889,048,165
1981 $28,100,606,061 $64,810,739,569 $8,011,374,445 $12,252,947,710
1982 $30,725,971,564 $69,047,733,113 $8,539,701,388 $12,575,726,762
1983 $28,691,889,764 $73,728,049,698 $7,764,067,625 $12,775,090,445
1984 $31,151,825,467 $77,462,527,004 $6,352,126,411 $12,531,423,466
1985 $31,144,920,844 $83,343,570,902 $5,637,259,754 $13,401,654,104
1986 $31,899,070,056 $87,928,845,525 $6,217,524,201 $13,682,958,727
1987 $33,351,529,275 $93,602,316,255 $6,741,215,643 $13,840,413,624
1988 $38,472,742,808 $100,739,753,814 $7,814,784,729 $14,885,693,494
1989 $40,171,106,279 $105,736,212,788 $8,286,323,367 $15,659,714,790
1990 $40,010,423,970 $110,450,553,630 $8,783,817,407 $16,754,102,247
1991 $45,625,336,680 $116,041,083,242 $8,641,482,396 $17,680,902,722
1992 $48,884,671,947 $124,983,090,543 $6,751,472,744 $16,086,868,547
1993 $51,809,999,353 $127,179,977,940 $6,563,813,829 $16,256,015,317
1994 $52,293,470,813 $131,933,222,221 $6,890,675,555 $17,757,290,653
1995 $60,636,071,684 $138,480,552,374 $7,111,271,273 $17,785,351,734
1996 $63,320,170,084 $145,192,124,912 $8,553,147,289 $19,628,038,096
1997 $62,433,340,468 $146,664,948,035 $8,529,572,287 $20,154,186,142
1998 $62,191,955,814 $150,405,247,843 $6,401,968,715 $20,735,677,098
1999 $62,973,857,069 $155,910,279,561 $6,858,013,652 $20,566,096,369
2000 $99,484,802,345 $162,552,194,689 $6,689,958,139 $19,936,940,457
2001 $97,145,618,480 $168,487,544,527 $6,777,385,246 $20,223,955,722
2002 $97,923,302,809 $172,859,487,444 $6,342,116,911 $18,425,232,321
2003 $112,371,913,741 $182,196,165,734 $5,727,592,261 $15,293,850,319
2004 $132,216,048,339 $196,464,413,111 $5,805,598,867 $14,405,654,147
2005 $145,208,562,961 $210,760,292,372 $5,755,215,663 $13,582,935,180
2006 $161,871,385,506 $223,514,741,631 $5,443,896,938 $13,112,762,532
2007 $184,140,869,997 $233,449,556,918 $5,291,950,526 $12,633,710,460
2008 $202,203,748,584 $238,399,717,139 $4,415,703,156 $10,401,466,939
2009 $187,337,783,856 $246,678,267,936 $9,665,815,601 $11,781,957,805
2010 $196,709,621,850 $250,382,678,708 $12,041,602,762 $14,100,106,033
2011 $230,586,581,060 $257,093,227,080 $14,101,801,031 $16,101,463,201
2012 $250,106,966,105 $264,876,940,259 $17,114,762,914 $18,784,841,116
2013 $258,657,231,672 $276,443,758,788 $19,091,004,042 $19,158,562,814
2014 $271,390,474,858 $287,823,367,553 $19,495,547,523 $19,613,959,113
2015 $299,963,590,535 $299,963,590,535 $19,963,058,858 $19,963,058,858
2016 $313,630,000,130 $319,682,711,891 $20,548,759,858 $20,113,938,470
2017 $339,205,534,861 $333,853,050,598 $51,074,726,484 $21,066,215,031
2018 $356,128,166,705 $354,390,697,428 $34,156,057,417 $22,121,615,842
2019 $320,909,472,771 $363,242,090,362 $25,715,657,177 $20,720,775,635
2020 $300,425,609,818 $358,614,068,499 $26,868,564,055 $19,101,046,520
2021 $348,516,647,445 $381,973,779,235 $27,240,507,842 $20,718,530,621
2022 $374,890,295,667 $400,224,894,619 $32,789,657,378 $21,990,477,716
2023 $337,885,531,778 $400,065,449,136 $35,231,369,343 $23,164,059,016
2024 $373,071,855,732 $413,006,704,003 $44,187,704,410 $23,634,169,921

Economic indicators

Pakistan Zimbabwe
Gross domestic product
$373B
2024
$44.2B
2024
GDP rank
44/197
2024
99/197
2024
GDP growth
10.4%
2023-2024
25.4%
2023-2024
GDP per capita
$1,485
2024
$2,656
2024
GDP per capita rank
163/197
2024
144/197
2024
GDP per capita, PPP
$6,287
2024
$3,922
2024
Government debt
$261B
2024
$41.8B
2024
Debt-to-GDP ratio
73.6%
2025
58.6%
2025
Government debt per person
$1,040
2024
$2,513
2024
Government debt per person rank
141/185
2024
111/185
2024
Average annual personal income after taxes
$1,459
2025
$2,797
2025
Market capitalization of domestic companies
$52.1B
2024
$2.46B
1999
Number of billionaires n/a
1
2025
Income share by richest 10%
25.5%
2018
40.5%
2019
Income share by poorest 10%
4.2%
2018
1.9%
2019
Government expenditure, % of GDP
21.6%
2025
19.1%
2025
Consumer prices inflation
12.6%
2023-2024
89%
2024-2025
Central bank interest rate
11%
2025
35%
2024
Unemployment rate
6.34%
2021
9.29%
2023
Population
258497127
17210092

GDP per capita in Pakistan vs Zimbabwe

Pakistan's GDP per capita is $1,485, ranking 163/197, compared to $2,656 in Zimbabwe, ranking 144/197. Adjusted for purchasing power (GDP per capita PPP), Pakistan ranks 150th at $6,287, while Zimbabwe ranks 167th at $3,922.

Pakistan
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
Year Current $
Pakistan Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $82 - $276.4 -
1961 $87.8 - $279 -
1962 $89.5 - $275.5 -
1963 $93.7 - $277 -
1964 $102.5 - $281.7 -
1965 $113.6 - $294.1 -
1966 $122.2 - $278.6 -
1967 $135.2 - $294.2 -
1968 $141.6 - $302 -
1969 $148.5 - $346 -
1970 $166.7 - $361 -
1971 $172.5 - $405 -
1972 $148.1 - $483 -
1973 $97.5 - $579 -
1974 $132 - $674 -
1975 $161.7 - $717 -
1976 $183.9 - $687 -
1977 $204.7 - $677 -
1978 $233.4 - $665 -
1979 $249.2 - $779 -
1980 $287.4 - $949 -
1981 $328 - $1,068 -
1982 $345 - $1,095 -
1983 $311 - $959 -
1984 $327 - $757 -
1985 $317 - $649 -
1986 $314 - $692 -
1987 $317 - $726 -
1988 $354 - $815 -
1989 $358 - $840 -
1990 $344 $1,895 $866 $1,803
1991 $380 $1,992 $831 $1,917
1992 $396 $2,132 $631 $1,734
1993 $408 $2,160 $604 $1,768
1994 $400 $2,224 $634 $1,970
1995 $451 $2,315 $648 $1,996
1996 $457 $2,401 $767 $2,206
1997 $438 $2,398 $750 $2,261
1998 $424 $2,419 $552 $2,307
1999 $418 $2,475 $582 $2,284
2000 $642 $2,565 $563 $2,243
2001 $610 $2,644 $566 $2,311
2002 $600 $2,688 $525 $2,118
2003 $672 $2,822 $468 $1,771
2004 $772 $3,048 $469 $1,695
2005 $828 $3,293 $461 $1,633
2006 $901 $3,515 $431 $1,605
2007 $998 $3,672 $413 $1,568
2008 $1,067 $3,721 $341 $1,300
2009 $964 $3,777 $735 $1,461
2010 $987 $3,786 $902 $1,741
2011 $1,132 $3,880 $1,037 $1,993
2012 $1,204 $4,047 $1,239 $2,272
2013 $1,225 $4,174 $1,362 $2,475
2014 $1,267 $4,313 $1,372 $2,553
2015 $1,380 $4,480 $1,386 $2,647
2016 $1,425 $4,631 $1,407 $2,797
2017 $1,519 $4,790 $3,448 $7,045
2018 $1,569 $4,979 $2,272 $2,614
2019 $1,390 $5,038 $1,684 $3,211
2020 $1,278 $5,048 $1,730 $3,511
2021 $1,455 $5,367 $1,724 $3,185
2022 $1,538 $5,920 $2,041 $3,560
2023 $1,365 $6,037 $2,156 $3,820
2024 $1,485 $6,287 $2,656 $3,922

Spending and national debt comparison

In 2024, Pakistan's government spending was $72.3B, accounting for 21.6% of its GDP, while Zimbabwe's spent $8.24B, or 19.1% of GDP.

Debt-to-GDP ratio is 73.6% in Pakistan and 58.6% in Zimbabwe, ranking 49/185 and 86/185, respectively.

Pakistan
Government spending

Government debt
Zimbabwe
Government spending

Government debt
Year % of GDP
Pakistan Zimbabwe
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% - -
1992 22.6% 53.3% - -
1993 17% 57.9% - -
1994 14.5% 58.5% - -
1995 14% 52.3% - -
1996 15% 52.5% - -
1997 13.7% 52.8% - -
1998 14.1% 53.8% - -
1999 13.2% 60.7% - -
2000 13.8% 61.7% - -
2001 12.9% 65.1% - -
2002 14.4% 60.5% - -
2003 12.9% 56.3% - -
2004 12.1% 50.6% - -
2005 13% 47.9% 15.5% 33.1%
2006 14.5% 46.2% 8.46% 39.4%
2007 16.1% 44.2% 5.06% 44.7%
2008 18% 49.5% 3.75% 61.1%
2009 17.3% 54.6% 11.7% 58.7%
2010 18.3% 56.7% 18.4% 47.6%
2011 17.9% 56.2% 23.2% 42.9%
2012 19.4% 58.4% 20.6% 38.4%
2013 19.5% 59.2% 20.6% 37%
2014 18.1% 58.8% 20.4% 42.3%
2015 17.8% 59.1% 20.8% 48%
2016 17.7% 62.1% 23.6% 49.9%
2017 19.1% 62.1% 27.9% 68.9%
2018 19.1% 66.3% 20.3% 48.1%
2019 19.1% 78.7% 14.3% 82.3%
2020 20.3% 80.8% 13.8% 84.5%
2021 18.5% 74.7% 18.6% 58.2%
2022 20% 77.3% 21.5% 99.5%
2023 19.2% 78.2% 20% 96.6%
2024 19.4% 70.1% 18.6% 94.6%
2025 21.6% 73.6% 19.1% 58.6%

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 Zimbabwe's deficit of -$910M, or -2.06% of GDP.

Over the past 20 years, Pakistan recorded a fiscal deficit in 20 of those years, while Zimbabwe ran a deficit in 20 years. On average, Pakistan posted an annual deficit equal to -5.69% of GDP, compared to deficit of -3.07% of GDP for Zimbabwe.

Deficit/surplus
Pakistan

Zimbabwe
Year Deficit/surplus, % of GDP
Pakistan Zimbabwe
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% -
1992 -11.3% -
1993 -5.53% -
1994 -3.63% -
1995 -3.9% -
1996 -4.33% -
1997 -3.87% -
1998 -4.46% -
1999 -3.07% -
2000 -3.21% -
2001 -2.45% -
2002 -2.64% -
2003 -0.12% -
2004 -1.29% -
2005 -2.29% -5.12%
2006 -2.79% -2.07%
2007 -4.23% -2.47%
2008 -5.94% -1.77%
2009 -4.53% -2.06%
2010 -5.42% -0.15%
2011 -6.23% -2.45%
2012 -7.74% -0.18%
2013 -7.48% -0.97%
2014 -4.37% -1.02%
2015 -4.74% -2.04%
2016 -3.92% -6.59%
2017 -5.17% -10.4%
2018 -5.67% -5.57%
2019 -7.79% -2.64%
2020 -7.03% -0.49%
2021 -6.04% -3.22%
2022 -7.84% -4.88%
2023 -7.7% -5.32%
2024 -6.77% -2.06%
2025 -5.62% -0.5%

Inflation comparison by year

Over the past 29 years, Pakistan has recorded an average annual inflation rate of 9.3%, compared with 90.4% in Zimbabwe. In 2024, inflation was 12.6% in Pakistan and 89% in Zimbabwe.

Inflation
Pakistan

Zimbabwe
Year Inflation
Pakistan Zimbabwe Pakistan Zimbabwe
1996 10.4% 6%
1997 11.4% -1%
1998 6.23% -28%
1999 4.14% -13.4%
2000 4.37% 4.5%
2001 3.15% -37.2%
2002 3.29% -34.4%
2003 2.91% -8.6%
2004 7.44% 113.6%
2005 9.06% -31.5%
2006 7.92% 33%
2007 7.6% -72.7%
2008 20.3% 157%
2009 13.6% 6.2%
2010 12.9% 3%
2011 11.9% 3.5%
2012 9.68% 3.7%
2013 7.69% 1.6%
2014 7.19% -0.2%
2015 2.53% -2.4%
2016 3.77% -1.6%
2017 4.09% 0.9%
2018 5.08% 10.6%
2019 10.6% 255.3%
2020 9.74% 557%
2021 9.5% 98.5%
2022 19.9% 193.4%
2023 30.8% 667%
2024 12.6% 736%
2025 - 89%

Top exports between countries

Pakistan
Export category Export value
Textiles & consumer goods $1.32M
Raw agricultural goods $397K
Machinery & equipment $280K
Chemicals & pharma $70K
Raw materials & minerals $48K
Wood & paper products $24K
Metals $17K
Miscellaneous $4K
Weapons & explosives $3K
Zimbabwe
Export category Export value
Processed food, beverages & tobacco $161K

Balance of trade

Pakistan Zimbabwe
Current account balance
$557M
2024
$134M
2023
Current account balance ranking
59/189
2024
64/189
2023
Current account balance, % of GDP
+0.15%
2024
+0.38%
2023
Goods imports
$55.7B
2024
$8.66B
2023
Goods exports
$32.1B
2024
$7.2B
2023
Service imports
$11.2B
2024
$1.64B
2023
Service exports
$8.1B
2024
$399M
2023
Imports of goods and services, % of GDP
17.1%
2024
30.6%
2024
Exports of goods and services, % of GDP
10.4%
2024
22.1%
2024

Economic freedom indices

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

Pakistan Zimbabwe
Economic freedom 49.1 35.1
Economic freedom ranking 165/197 191/197
Property rights 29.2 20.7
Government integrity 28.4 20.7
Judicial effectiveness 28.9 15.8
Tax burden 78.3 73.6
Government spending 88.9 87.6
Fiscal health 8.1 44.4
Business freedom 51.5 39.3
Labor freedom 51.8 33.2
Monetary freedom 54.5 0
Trade freedom 69.8 50.4
Investment freedom 60 25
Financial freedom 40 10

Economic freedom by year comparison

The Economic Freedom Index for Pakistan is 49.1, ranking 165/197, compared to 35.1 for Zimbabwe, ranking 191/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Pakistan
Zimbabwe
Year Economic freedom index
Pakistan Zimbabwe
1995 57.6 48.5
1996 58.4 46.7
1997 56 48
1998 53.2 44.6
1999 53 47.2
2000 56.4 48.7
2001 56 38.8
2002 55.8 36.7
2003 55 36.7
2004 54.9 34.4
2005 53.3 35.2
2006 57.9 33.5
2007 57.2 32
2008 55.6 29.5
2009 57 22.7
2010 55.2 21.4
2011 55.1 22.1
2012 54.7 26.3
2013 55.1 28.6
2014 55.2 35.5
2015 55.6 37.6
2016 55.9 38.2
2017 52.8 44
2018 54.4 44
2019 55 40.4
2020 54.8 43.1
2021 51.7 39.5
2022 48.8 33.1
2023 49.4 39
2024 49.5 38.2
2025 49.1 35.1

More economic indicators

Pakistan Zimbabwe
Services, % of GDP
50.5%
2024
55.8%
2024
Industry, % of GDP
20%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
23.5%
2024
5.44%
2024
GNI, Atlas method
$360B
2024
$37.6B
2024
GNI per capita, PPP
$6,140
2024
$3,880
2024
Total reserves including gold
$18.4B
2024
$485M
2024
Total reserves ranking
63/177
2024
157/177
2024
Net foreign direct investment
-$2.64B
2024
-$558M
2023
Net inflows of foreign direct investment
$2.73B
2024
$597M
2024
Net outflows of foreign direct investment
$84M
2024
$131M
2024
Servicing debt to the IMF, % of GNI
4.82%
2023
3.34%
2023
Poverty at national poverty lines
21.9%
2018
38.3%
2019
Gross capital formation, % of GDP
12.9%
2024
4.47%
2024

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.