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Economy of Pakistan vs Zimbabwe compared: GDP & Debt

Updated on by Georank team

Pakistan has a GDP of $372B compared to $41.5B for Zimbabwe, ranking 43/197 and 102/197 by economy size, respectively.

Pakistan has $262B in government debt (70.4% of GDP), compared to $30.3B (73% of GDP) in Zimbabwe.

Pakistan vs Zimbabwe GDP by year

Pakistan
Zimbabwe
1x
Year GDP, current $
Pakistan Zimbabwe
2024 $371,570,000,121 $41,539,411,516
2023 $336,686,348,609 $35,871,779,681
2022 $374,890,295,667 $40,757,561,709
2021 $348,516,647,445 $41,287,673,690
2020 $300,425,609,818 $31,980,334,561
2019 $320,909,472,771 $33,357,695,635
2018 $356,128,166,705 $34,141,666,667
2017 $339,205,534,861 $51,035,657,371
2016 $313,630,000,130 $20,559,250,000
2015 $299,963,590,535 $19,973,250,000
2014 $271,390,474,858 $19,505,500,000
2013 $258,657,231,672 $19,100,750,000
2012 $250,106,966,105 $17,123,500,000
2011 $230,586,581,060 $14,109,000,000
2010 $196,709,621,850 $12,047,750,000
2009 $187,337,783,856 $9,670,750,000
2008 $202,203,748,584 $4,418,000,000
2007 $184,140,869,997 $5,294,750,000
2006 $161,871,385,506 $5,446,750,000
2005 $145,208,562,961 $5,758,250,000
2004 $132,216,048,339 $5,808,500,000
2003 $112,371,913,741 $5,730,500,000
2002 $97,923,302,809 $6,345,250,000
2001 $97,145,618,480 $6,780,750,000
2000 $99,484,802,345 $6,693,250,000
1999 $62,973,857,069 $6,861,500,000
1998 $62,191,955,814 $6,405,250,000
1997 $62,433,340,468 $8,534,000,000
1996 $63,320,170,084 $8,557,500,000
1995 $60,636,071,684 $7,115,000,000
1994 $52,293,470,813 $6,894,250,000
1993 $51,809,999,353 $6,567,250,000
1992 $48,884,671,947 $6,755,000,000
1991 $45,625,336,680 $8,646,000,000
1990 $40,010,423,970 $8,788,301,546
1989 $40,171,106,279 $8,290,553,535
1988 $38,472,742,808 $7,818,774,177
1987 $33,351,529,275 $6,744,657,033
1986 $31,899,070,056 $6,220,698,247
1985 $31,144,920,844 $5,640,137,575
1984 $31,151,825,467 $6,355,369,172
1983 $28,691,889,764 $7,768,031,182
1982 $30,725,971,564 $8,544,060,905
1981 $28,100,606,061 $8,015,464,252
1980 $23,654,444,444 $6,682,278,300
1979 $19,688,383,838 $5,180,102,910
1978 $17,811,515,152 $4,353,822,343
1977 $15,126,060,606 $4,366,610,469
1976 $13,168,080,808 $4,320,576,877
1975 $11,230,606,061 $4,373,532,601
1974 $8,899,191,919 $3,984,194,614
1973 $6,383,429,490 $3,311,043,292
1972 $9,415,016,360 $2,679,096,597
1971 $10,665,896,682 $2,179,828,710
1970 $10,027,509,450 $1,885,168,339
1969 $8,683,116,338 $1,748,891,294
1968 $8,041,999,160 $1,480,355,355
1967 $7,464,510,710 $1,397,715,282
1966 $6,561,108,778 $1,282,403,936
1965 $5,929,231,415 $1,312,105,394
1964 $5,204,955,901 $1,217,759,447
1963 $4,630,827,383 $1,160,103,724
1962 $4,310,163,797 $1,118,172,226
1961 $4,118,647,627 $1,097,206,526
1960 $3,749,265,015 $1,053,528,036

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

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

GDP per capita in Pakistan vs Zimbabwe by year

Pakistan
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Pakistan Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,479 $6,252 $2,497 $5,928
2023 $1,360 $6,014 $2,195 $5,791
2022 $1,538 $5,920 $2,536 $5,396
2021 $1,455 $5,367 $2,614 $4,827
2020 $1,278 $5,048 $2,060 $4,179
2019 $1,390 $5,038 $2,184 $4,166
2018 $1,569 $4,979 $2,271 $3,993
2017 $1,519 $4,790 $3,445 $10,756
2016 $1,425 $4,631 $1,408 $4,275
2015 $1,380 $4,480 $1,387 $4,046
2014 $1,267 $4,313 $1,373 $3,903
2013 $1,225 $4,174 $1,363 $3,784
2012 $1,204 $4,047 $1,239 $3,472
2011 $1,132 $3,880 $1,038 $3,047
2010 $987 $3,786 $902 $2,661
2009 $964 $3,777 $736 $2,233
2008 $1,067 $3,721 $341 $1,987
2007 $998 $3,672 $414 $2,396
2006 $901 $3,515 $431 $2,454
2005 $828 $3,293 $461 $2,496
2004 $772 $3,048 $470 $2,591
2003 $672 $2,822 $468 $2,708
2002 $600 $2,688 $525 $3,238
2001 $610 $2,644 $566 $3,533
2000 $642 $2,565 $563 $3,429
1999 $418 $2,475 $582 $3,491
1998 $424 $2,419 $552 $3,527
1997 $438 $2,398 $751 $3,457
1996 $457 $2,401 $767 $3,372
1995 $451 $2,315 $648 $3,051
1994 $400 $2,224 $634 $3,012
1993 $408 $2,160 $605 $2,703
1992 $396 $2,132 $631 $2,651
1991 $380 $1,992 $831 $2,930
1990 $344 $1,895 $867 $2,757
1989 $358 - $840 -
1988 $354 - $816 -
1987 $317 - $726 -
1986 $314 - $693 -
1985 $317 - $649 -
1984 $327 - $757 -
1983 $311 - $959 -
1982 $345 - $1,096 -
1981 $328 - $1,069 -
1980 $287.4 - $949 -
1979 $249.2 - $779 -
1978 $233.4 - $665 -
1977 $204.7 - $677 -
1976 $183.9 - $687 -
1975 $161.7 - $717 -
1974 $132 - $674 -
1973 $97.5 - $579 -
1972 $148.1 - $483 -
1971 $172.5 - $406 -
1970 $166.7 - $361 -
1969 $148.5 - $346 -
1968 $141.6 - $302 -
1967 $135.2 - $294.4 -
1966 $122.2 - $278.7 -
1965 $113.6 - $294.3 -
1964 $102.5 - $281.9 -
1963 $93.7 - $277.1 -
1962 $89.5 - $275.7 -
1961 $87.8 - $279.2 -
1960 $82 - $276.6 -

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

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

Pakistan's GDP per capita is $1,479, ranking 163/197, compared to $2,497 in Zimbabwe, ranking 148/197. Adjusted for purchasing power (GDP per capita PPP), Pakistan ranks 150th at $6,252, while Zimbabwe ranks 154th at $5,928.

Economic indicators

Pakistan Zimbabwe
Gross domestic product
$372B
2024
$41.5B
2024
GDP rank
43/197
2024
102/197
2024
GDP growth
3.05%
2023-2024
1.74%
2023-2024
GDP per capita
$1,479
2024
$2,497
2024
GDP per capita rank
163/197
2024
148/197
2024
GDP per capita, PPP
$6,252
2024
$5,928
2024
GDP per capita PPP rank
150/197
2024
154/197
2024
Government debt
$262B
2024
$30.3B
2024
Debt-to-GDP ratio
70.4%
2024
73%
2024
Government debt per person
$1,041
2024
$1,824
2024
Government debt per person rank
140/185
2024
121/185
2024
Average annual personal income after taxes
$1,668
2026
$2,897
2026
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
19.5%
2024
12.9%
2024
Consumer prices inflation
12.6%
2023-2024
736%
2023-2024
Central bank interest rate
10.5%
2025
35%
2024
Unemployment rate
6.96%
2025
12.1%
2024
Population
260356147
17361868

Spending and national debt comparison by year

Pakistan
Spending

Debt
Zimbabwe
Spending

Debt
1x
Year % of GDP
Pakistan Zimbabwe
Government spending Government debt Government spending Government debt
2024 19.5% 70.4% 12.9% 73%
2023 19.3% 78.5% 15.5% 76.1%
2022 20% 77.3% 14.4% 66.8%
2021 18.5% 74.7% 12.8% 39.9%
2020 20.3% 80.8% 9.27% 56.8%
2019 19.1% 78.7% 9.36% 53.9%
2018 19.1% 66.3% 13.9% 33%
2017 19.1% 62.1% 19.8% 49%
2016 17.7% 62.1% 16.6% 35.1%
2015 17.8% 59.1% 14.7% 34.1%
2014 18.1% 58.8% 14.1% 29.2%
2013 19.5% 59.2% 14.7% 26.4%
2012 19.4% 58.4% 14.6% 27.2%
2011 17.9% 56.2% 16.2% 30%
2010 18.3% 56.7% 12.8% 33.2%
2009 17.3% 54.6% 7.93% 39.7%
2008 18% 49.5% 2.54% 41.3%
2007 16.1% 44.2% 3.43% 30.2%
2006 14.5% 46.2% 5.72% 26.7%
2005 13% 47.9% 10.5% 22.4%
2004 12.1% 50.6% - -
2003 12.9% 56.3% - -
2002 14.4% 60.5% - -
2001 12.9% 65.1% - -
2000 13.8% 61.7% - -
1999 13.2% 60.7% - -
1998 14.1% 53.8% - -
1997 13.7% 52.8% - -
1996 15% 52.5% - -
1995 14% 52.3% - -
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 (1960–1993, retrieved 2026-02-20).

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

In 2024, Pakistan's government spending was $72.4B, accounting for 19.5% of its GDP, while Zimbabwe spent $5.37B, or 12.9% of GDP.

Debt-to-GDP ratio is 70.4% in Pakistan and 73% in Zimbabwe, ranking 56/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Pakistan

Zimbabwe
1x
Year Deficit/surplus, % of GDP
Pakistan Zimbabwe
2024 -6.81% -1.06%
2023 -7.76% -3.9%
2022 -7.84% -3.3%
2021 -6.04% -2.24%
2020 -7.03% -0.34%
2019 -7.79% -1.72%
2018 -5.67% -3.81%
2017 -5.17% -7.37%
2016 -3.92% -4.63%
2015 -4.74% -1.45%
2014 -4.37% -0.71%
2013 -7.48% -0.69%
2012 -7.74% -0.13%
2011 -6.23% -1.72%
2010 -5.42% -0.11%
2009 -4.53% -1.39%
2008 -5.94% -1.2%
2007 -4.23% -1.67%
2006 -2.79% -1.4%
2005 -2.29% -3.46%
2004 -1.29% -
2003 -0.12% -
2002 -2.64% -
2001 -2.45% -
2000 -3.21% -
1999 -3.07% -
1998 -4.46% -
1997 -3.87% -
1996 -4.33% -
1995 -3.9% -
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/zimbabwe | 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 Zimbabwe's deficit of $438M, or 1.06% 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 2.11% of GDP for Zimbabwe.

Inflation comparison by year

Inflation
Pakistan

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

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/zimbabwe | CC BY

Over the past 28 years, Pakistan has recorded an average annual inflation rate of 9.26%, compared with 93.4% in Zimbabwe. In 2024, inflation was 12.6% in Pakistan and 736% in Zimbabwe.

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
$496M
2024
$501M
2024
Current account balance ranking
63/190
2024
62/190
2024
Current account balance, % of GDP
+0.13%
2024
+1.21%
2024
Goods imports
$55.6B
2024
$9.06B
2024
Goods exports
$32.1B
2024
$7.79B
2024
Service imports
$11.2B
2024
$1.66B
2024
Service exports
$8.1B
2024
$457M
2024
Imports of goods and services, % of GDP
17.2%
2024
23.4%
2024
Exports of goods and services, % of GDP
10.4%
2024
18%
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 48.9 35.2
Economic freedom ranking 168/197 190/197
Property rights 25.7 19.4
Government integrity 26.3 20.7
Judicial effectiveness 27.6 16.8
Tax burden 78.2 73.6
Government spending 88.5 93.9
Fiscal health 10.1 52.4
Business freedom 54.4 42
Labor freedom 51.7 33.3
Monetary freedom 54.1 0
Trade freedom 70.4 50.4
Investment freedom 60 10
Financial freedom 40 10

Economic freedom comparison by year

Pakistan
Zimbabwe
1x
Year Economic freedom index
Pakistan Zimbabwe
2026 48.9 35.2
2025 49.1 35.1
2024 49.5 38.2
2023 49.4 39
2022 48.8 33.1
2021 51.7 39.5
2020 54.8 43.1
2019 55 40.4
2018 54.4 44
2017 52.8 44
2016 55.9 38.2
2015 55.6 37.6
2014 55.2 35.5
2013 55.1 28.6
2012 54.7 26.3
2011 55.1 22.1
2010 55.2 21.4
2009 57 22.7
2008 55.6 29.5
2007 57.2 32
2006 57.9 33.5
2005 53.3 35.2
2004 54.9 34.4
2003 55 36.7
2002 55.8 36.7
2001 56 38.8
2000 56.4 48.7
1999 53 47.2
1998 53.2 44.6
1997 56 48
1996 58.4 46.7
1995 57.6 48.5

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

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

The Economic Freedom Index for Pakistan is 48.9, ranking 168/197, compared to 35.2 for Zimbabwe, ranking 190/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Pakistan Zimbabwe
Services, % of GDP
50.7%
2024
50.6%
2024
Industry, % of GDP
20.2%
2024
35%
2024
Agriculture, forestry, and fishing, % of GDP
23.7%
2024
8.69%
2024
GNI, Atlas method
$358B
2024
$39.9B
2024
GNI per capita, PPP
$6,100
2024
$5,870
2024
Total reserves including gold
$18.4B
2024
$485M
2024
Total reserves ranking
63/177
2024
157/177
2024
Net foreign direct investment
-$2.58B
2024
-$465M
2024
Net inflows of foreign direct investment
$2.66B
2024
$465M
2024
Net outflows of foreign direct investment
$84M
2024
$131M
2024
Servicing debt to the IMF, % of GNI
4.5%
2024
3.44%
2024
Poverty at national poverty lines
21.9%
2018
38.3%
2019
Gross capital formation, % of GDP
13.2%
2024
8.85%
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/zimbabwe | 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.