Pakistan Government Debt: % of GDP

2000 - 2023 | Yearly | % | CEIC Data

Key information about Pakistan Government Debt: % of GDP

  • Pakistan Government debt accounted for 72.4 % of the country's Nominal GDP in Jun 2023, compared with the ratio of 71.6 % in the previous year.
  • Pakistan government debt to GDP ratio data is updated yearly, available from Jun 2000 to Jun 2023.
  • The data reached an all-time high of 73.5 % in Jun 2020 and a record low of 41.4 % in Jun 2007.

CEIC calculates Government Debt as % of Nominal GDP from annual Government Debt and annual Nominal GDP. The State Bank of Pakistan provides Government Debt in local currency. The Pakistan Bureau of Statistics provides Nominal GDP in local currency. Government Debt covers Federal Government only. Government Debt as % of Nominal GDP is in annual frequency, ending in June of each year.
  • The country's Nominal GDP reached 341.3 USD bn in Jun 2023.
  • View Pakistan's Government Debt: % of GDP from 2000 to 2023 in the chart:

    Pakistan Government Debt: % of GDP

    What was Pakistan's Government Debt: % of GDP in 2023?

    Pakistan Government debt accounted for 72.4 % of the country's Nominal GDP in Jun 2023, compared with the ratio of 71.6 % in the previous year. See the table below for more data.

    Last Previous Min Max Unit Frequency Range
    72.4 2023 71.6 2022 41.4 2007 73.5 2020 % yearly 2000 - 2023

    Government Debt: % of GDP by Country Comparison

    country/region Last Frequency Range
    Albania (%) 53.7 Jun 2024 quarterly Sep 2010 - Jun 2024
    Algeria (%) 48.9 2023 yearly 1997 - 2023
    Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
    Armenia (%) 48.9 Sep 2024 quarterly Dec 2013 - Sep 2024
    Australia (%) 38.0 2023 yearly 1999 - 2023
    Austria (%) 83.0 Jun 2024 quarterly Mar 2000 - Jun 2024
    Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
    Bahrain (%) 88.7 Jun 2024 quarterly Dec 2007 - Jun 2024
    Bangladesh (%) 26.4 2024 yearly 2010 - 2024
    Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
    Belgium (%) 106.5 Mar 2024 quarterly Dec 1980 - Mar 2024
    Bolivia (%) 27.2 2014 yearly 1998 - 2014
    Bosnia and Herzegovina (%) 19.1 2023 yearly 2007 - 2023
    Botswana (%) 17.2 Jun 2023 quarterly Jun 2014 - Jun 2023
    Brazil (%) 78.2 Sep 2024 quarterly Dec 2006 - Sep 2024
    Bulgaria (%) 22.1 Jun 2024 quarterly Mar 2007 - Jun 2024
    Cambodia (%) 25.3 2022 yearly 2013 - 2022
    Canada (%) 68.6 2024 yearly 1962 - 2024
    Chile (%) 40.9 Jun 2024 quarterly Mar 2002 - Jun 2024
    China (%) 24.6 Jun 2024 quarterly Mar 2014 - Jun 2024
    Colombia (%) 62.2 Jun 2024 quarterly Dec 2005 - Jun 2024
    Croatia (%) 60.1 Jun 2024 quarterly Dec 1995 - Jun 2024
    Cyprus (%) 69.7 Sep 2024 quarterly Dec 2010 - Sep 2024
    Czech Republic (%) 42.6 Jun 2024 quarterly Mar 2000 - Jun 2024
    Denmark (%) 33.6 Jun 2024 quarterly Mar 2000 - Jun 2024
    Ecuador (%) 66.9 Jun 2024 quarterly Dec 2005 - Jun 2024
    Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
    Estonia (%) 23.8 Jun 2024 quarterly Mar 2000 - Jun 2024
    European Union (%) 81.5 Jun 2024 quarterly Mar 2000 - Jun 2024
    Finland (%) 81.5 Sep 2024 quarterly Mar 2000 - Sep 2024
    France (%) 110.6 Dec 2023 quarterly Dec 1995 - Dec 2023
    Georgia (%) 38.3 Jun 2024 quarterly Mar 2006 - Jun 2024
    Germany (%) 62.0 Jun 2024 quarterly Mar 2000 - Jun 2024
    Ghana (%) 72.3 2023 yearly 2006 - 2023
    Greece (%) 160.0 Jun 2024 quarterly Dec 1999 - Jun 2024
    Hong Kong SAR, China (%) 50.2 2023 yearly 2003 - 2023
    Hungary (%) 76.0 Sep 2024 quarterly Dec 1990 - Sep 2024
    Iceland (%) 64.2 2023 yearly 1998 - 2023
    India (%) 58.3 Jun 2024 quarterly Mar 2012 - Jun 2024
    Indonesia (%) 38.9 Sep 2024 quarterly Jun 2015 - Sep 2024
    Iran (%) 7.5 Dec 2023 quarterly Mar 1998 - Dec 2023
    Ireland (%) 42.7 Jun 2024 quarterly Mar 2000 - Jun 2024
    Israel (%) 60.3 2023 yearly 1995 - 2023
    Italy (%) 138.3 Sep 2024 quarterly Dec 1995 - Sep 2024
    Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
    Japan (%) 217.0 Sep 2024 quarterly Dec 1994 - Sep 2024
    Jordan (%) 89.5 Jun 2024 quarterly Mar 2002 - Jun 2024
    Kazakhstan (%) 21.7 Dec 2023 quarterly Mar 2005 - Dec 2023
    Kenya (%) 67.2 Jun 2024 quarterly Dec 2009 - Jun 2024
    South Korea (%) 46.1 Jun 2024 quarterly Sep 2002 - Jun 2024
    Kosovo (%) 19.9 2022 yearly 2009 - 2022
    Kuwait (%) 0.3 Jun 2024 quarterly Dec 2010 - Jun 2024
    Kyrgyzstan (%) 41.7 Sep 2024 quarterly Mar 2011 - Sep 2024
    Latvia (%) 46.4 Jun 2024 quarterly Mar 2000 - Jun 2024
    Lebanon (%) 150.6 2020 yearly 1998 - 2020
    Lithuania (%) 37.4 Jun 2024 quarterly Mar 2000 - Jun 2024
    Luxembourg (%) 26.8 Jun 2024 quarterly Dec 1997 - Jun 2024
    North Macedonia (%) 54.5 Jun 2024 quarterly Dec 2009 - Jun 2024
    Malawi (%) 66.0 2014 yearly 2010 - 2014
    Malaysia (%) 65.0 Sep 2024 quarterly Dec 2010 - Sep 2024
    Malta (%) 46.4 Jun 2024 quarterly Mar 2000 - Jun 2024
    Mauritius (%) 69.3 Dec 2023 quarterly Jun 2003 - Dec 2023
    Mexico (%) 47.7 Sep 2024 quarterly Dec 2005 - Sep 2024
    Moldova (%) 34.7 Sep 2024 quarterly Mar 2007 - Sep 2024
    Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
    Montenegro (%) 62.1 Jun 2024 quarterly Dec 2010 - Jun 2024
    Morocco (%) 71.5 2022 yearly 1994 - 2022
    Nepal (%) 39.9 2021 yearly 1990 - 2021
    Netherlands (%) 43.2 Jun 2024 quarterly Dec 1999 - Jun 2024
    New Zealand (%) 42.6 Jun 2024 quarterly Dec 2006 - Jun 2024
    Nigeria (%) 52.8 Jun 2024 quarterly Dec 2010 - Jun 2024
    Norway (%) 44.3 2023 yearly 1995 - 2023
    Oman (%) 36.5 2023 yearly 1990 - 2023
    Pakistan (%) 72.4 2023 yearly 2000 - 2023
    Palestinian Territory (%) 126.9 Jun 2024 quarterly Dec 2010 - Jun 2024
    Panama (%) 61.6 Sep 2024 quarterly Dec 2007 - Sep 2024
    Paraguay (%) 36.2 Jun 2024 quarterly Dec 2014 - Jun 2024
    Peru (%) 32.6 Sep 2024 quarterly Mar 1999 - Sep 2024
    Philippines (%) 61.3 Sep 2024 quarterly Mar 1993 - Sep 2024
    Poland (%) 52.3 Jun 2024 quarterly Dec 2002 - Jun 2024
    Portugal (%) 97.4 Sep 2024 quarterly Dec 1995 - Sep 2024
    Qatar (%) 15.0 2012 yearly 2006 - 2012
    Romania (%) 53.1 Sep 2024 quarterly Dec 2011 - Sep 2024
    Russia (%) 14.6 Mar 2024 quarterly Dec 2011 - Mar 2024
    Saudi Arabia (%) 28.4 Jun 2024 quarterly Dec 2016 - Jun 2024
    Serbia (%) 47.4 Sep 2024 quarterly Sep 2004 - Sep 2024
    Singapore (%) 173.0 Sep 2024 quarterly Mar 1990 - Sep 2024
    Slovakia (%) 60.5 Mar 2024 quarterly Mar 2000 - Mar 2024
    Slovenia (%) 69.5 Jun 2024 quarterly Dec 1999 - Jun 2024
    South Africa (%) 75.1 Sep 2024 quarterly Dec 1960 - Sep 2024
    Spain (%) 104.4 Sep 2024 quarterly Mar 1995 - Sep 2024
    Sri Lanka (%) 98.8 Jun 2024 quarterly Mar 2014 - Jun 2024
    Sweden (%) 32.0 Jun 2024 quarterly Mar 1996 - Jun 2024
    Switzerland (%) 23.3 2028 yearly 1990 - 2028
    Taiwan (%) 29.0 2023 yearly 1996 - 2023
    Tajikistan (%) 36.3 2021 yearly 1999 - 2021
    Thailand (%) 55.9 Sep 2024 quarterly Dec 1997 - Sep 2024
    Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
    Turkey (%) 26.1 Jun 2024 quarterly Dec 2001 - Jun 2024
    Ukraine (%) 79.4 Dec 2023 quarterly Dec 2010 - Dec 2023

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    Pakistan Key Series

    Government and Public Finance Last Frequency Range
    Consolidated Fiscal Balance: % of GDP (%) -3.7 2024 yearly 2000 - 2024
    Consolidated Fiscal Balance (USD mn) -13,794.405 2024 yearly 1991 - 2024
    Tax Revenue (USD mn) 9,971.173 Sep 2024 quarterly Sep 2000 - Sep 2024
    Tax Revenue: % of GDP (%) 5.8 2023 yearly 2000 - 2023
    Government Debt: % of GDP (%) 72.4 2023 yearly 2000 - 2023
    Forecast: Government Expenditure (PKR bn) 34,964.514 2029 yearly 1993 - 2029
    Forecast: Government Net Debt (PKR bn) 114,236.604 2029 yearly 1994 - 2029
    Forecast: Government Revenue (PKR bn) 29,651.120 2029 yearly 1980 - 2029
    Consolidated Govt (CG) Revenue: ytd (PKR mn) 5,827,251.000 Sep 2024 quarterly Sep 2000 - Sep 2024
    CG Revenue: ytd: Tax (PKR mn) 2,775,892.000 Sep 2024 quarterly Sep 2000 - Sep 2024
    Consolidated Govt Revenue: Tax: Federal: Direct Tax (PKR mn) 3,264,705.000 2024 yearly 2016 - 2024
    Consolidated Govt (CG) Expenditure: ytd (PKR mn) 4,131,242.000 Sep 2024 quarterly Sep 2000 - Sep 2024
    CG Expenditure: ytd: Current (PKR mn) 3,537,280.000 Sep 2024 quarterly Sep 2000 - Sep 2024
    Foreign Trade Last Frequency Range
    Forecast: Exports of Goods Growth (%) 7.318 2029 yearly 1980 - 2029
    Trade Balance (USD mn) -1,589.0 Nov 2024 monthly Jan 1968 - Nov 2024
    Total Exports (USD mn) 2,804.0 Nov 2024 monthly Jan 1996 - Nov 2024
    Total Exports Growth (%) 6.1 Nov 2024 monthly Dec 1988 - Nov 2024
    Aluminum: Exports (USD th) 73,647.830 2023 yearly 1995 - 2023
    Exports: Medicament (USD th) 229,266.745 2022 yearly 1995 - 2022
    Exports: Medicinal and Pharmaceutical Product (USD th) 6,879.761 2022 yearly 1995 - 2022
    Total Imports (USD mn) 4,393.0 Nov 2024 monthly Jan 1996 - Nov 2024
    Total Imports Growth (%) -5.7 Nov 2024 monthly Dec 1988 - Nov 2024
    Imports: Medicament (USD th) 322,961.887 2022 yearly 1995 - 2022
    Imports: Medicinal and Pharmaceutical Product (USD th) 1,291,292.991 2022 yearly 1995 - 2022
    Total Exports to USA (USD mn) 614.644 Mar 2022 monthly Jan 1969 - Mar 2022
    Total Imports from USA (USD mn) 180.407 Oct 2024 monthly Jan 2006 - Oct 2024
    Total Exports to China (USD mn) 254.389 Oct 2024 monthly Jan 2006 - Oct 2024
    Total Imports from China (USD mn) 1,205.229 Oct 2024 monthly Jan 2006 - Oct 2024
    Exports: Petroleum & Coal (PKR mn) 8,547.000 Oct 2024 monthly Sep 1999 - Oct 2024
    Trade Balance: USD (USD mn) -3,192.00 Jul 2018 monthly Jan 1996 - Jul 2018
    Balance of Payments Last Frequency Range
    Direct Investment Abroad (USD mn) 1.0 Sep 2024 quarterly Sep 2002 - Sep 2024
    Current Account Balance (USD mn) -98.0 Sep 2024 quarterly Mar 1976 - Sep 2024
    Current Account Balance: % of GDP (%) -0.5 2024 yearly 1977 - 2024
    Foreign Direct Investment (USD mn) 133.2 Oct 2024 monthly Jul 1997 - Oct 2024
    Foreign Direct Investment: % of GDP (%) 0.6 2024 yearly 1977 - 2024
    Foreign Portfolio Investment (USD mn) 133.000 Sep 2024 quarterly Sep 2002 - Sep 2024
    Foreign Portfolio Investment: % of GDP (%) -0.1 2024 yearly 2003 - 2024
    Foreign Portfolio Investment: Equity Securities (USD mn) -22.0 Sep 2024 quarterly Sep 2002 - Sep 2024
    Foreign Portfolio Investment: Debt Securities (USD mn) 155.000 Sep 2024 quarterly Sep 2002 - Sep 2024
    External Debt (USD mn) 133,455.2 Sep 2024 quarterly Jun 2006 - Sep 2024
    External Debt: % of GDP (%) 35.0 2024 yearly 2000 - 2024
    External Debt: Short Term (USD mn) 3,477.5 Sep 2024 quarterly Jun 2006 - Sep 2024
    External Debt: Short Term: % of GDP (%) 0.9 2024 yearly 2006 - 2024
    Forecast: Current Account Balance (USD bn) -0.665 2024 yearly 1980 - 2024
    Net International Investment Position (USD mn) -130,571.311 Jun 2024 quarterly Mar 2009 - Jun 2024
    BoP: Credit: Current Account (CA) (USD mn) 19,201.000 Sep 2024 quarterly Sep 2002 - Sep 2024
    BoP: Errors and Omissions (USD mn) -221.000 Jun 2024 quarterly Sep 2002 - Jun 2024
    BoP: CA: Primary Income (PI) (USD mn) -1,976.000 Sep 2024 quarterly Sep 2002 - Sep 2024
    BoP: Dr: CA: GS: Goods (USD mn) 14,116.000 Jun 2024 quarterly Sep 2002 - Jun 2024
    BoP: Cr: CA: GS: Goods (USD mn) 8,070.000 Jun 2024 quarterly Sep 2002 - Jun 2024
    BoP: FA: Portfolio Investment: Liabilities (USD mn) -549.000 Jun 2024 quarterly Sep 2002 - Jun 2024
    BoP: Debit: Current Account (CA) (USD mn) 19,299.000 Sep 2024 quarterly Sep 2002 - Sep 2024
    BoP: Capital Account (CP) (USD mn) 55.000 Sep 2024 quarterly Sep 2002 - Sep 2024
    BoP: FA: Portfolio Investment: Assets (USD mn) -4.000 Jun 2024 quarterly Sep 2002 - Jun 2024
    BoP: CA: Secondary Income (USD mn) 9,314.000 Sep 2024 quarterly Sep 2002 - Sep 2024
    BoP: Cr: Capital Account (CP) (USD mn) 47.000 Jun 2024 quarterly Sep 2002 - Jun 2024
    BoP: FA: Other Investment (OI): Liabilities (USD mn) -4.000 Sep 2024 quarterly Sep 2002 - Sep 2024
    BoP: CA: GS: Goods (USD mn) -6,046.000 Jun 2024 quarterly Sep 2002 - Jun 2024
    BoP: FA: Other Investment (OI) (USD mn) -668.000 Sep 2024 quarterly Sep 2002 - Sep 2024
    BoP: Financial Account (FA) (USD mn) -347.000 Sep 2024 quarterly Sep 2002 - Sep 2024
    BoP: CA: GS: Services (USD mn) -731.000 Sep 2024 quarterly Sep 2002 - Sep 2024
    BoP: FA: Direct Investment: Assets (USD mn) 92.000 Jun 2024 quarterly Sep 2002 - Jun 2024
    BoP: FA: Reserve Assets (RA) (USD mn) 1,389.000 Jun 2024 quarterly Sep 2002 - Jun 2024
    BoP: Cr: CA: GS: Services (USD mn) 1,979.000 Jun 2024 quarterly Sep 2002 - Jun 2024
    BoP: FA: Financial Derivatives & Employee Stock Options (USD mn) 0.000 Jun 2024 quarterly Sep 2002 - Jun 2024
    BoP: Financial Account (FA): Liabilities (USD mn) 900.000 Sep 2024 quarterly Sep 2002 - Sep 2024
    BoP: Dr: Capital Account (CP) (USD mn) 3.000 Jun 2024 quarterly Sep 2002 - Jun 2024
    BoP: FA: Other Investment (OI): Assets (USD mn) -759.000 Sep 2024 quarterly Sep 2002 - Sep 2024
    BoP: Dr: CA: Primary Income (PI) (USD mn) 3,405.000 Jun 2024 quarterly Sep 2002 - Jun 2024
    BoP: Cr: CA: Primary Income (PI) (USD mn) 308.000 Sep 2024 quarterly Sep 2002 - Sep 2024
    BoP: Dr: CA: Secondary Income (USD mn) 141.000 Jun 2024 quarterly Sep 2002 - Jun 2024
    BoP: Dr: CA: GS: Services (USD mn) 2,738.000 Jun 2024 quarterly Sep 2002 - Jun 2024
    BoP: FA: Portfolio Investment (USD mn) 545.000 Jun 2024 quarterly Sep 2002 - Jun 2024
    BoP: FA: Direct Investment (USD mn) -707.000 Jun 2024 quarterly Sep 2002 - Jun 2024
    BoP: Financial Account (FA): Assets (USD mn) 553.000 Sep 2024 quarterly Sep 2002 - Sep 2024
    BoP: Cr: CA: Secondary Income (USD mn) 10,010.000 Jun 2024 quarterly Sep 2002 - Jun 2024
    International Investment Position (IIP): Net (USD mn) -130,651.519 2023 yearly 2014 - 2023
    IIP: Assets (USD mn) 26,759.106 2023 yearly 2014 - 2023
    IIP: Liabilities (USD mn) 157,410.625 2023 yearly 2014 - 2023
    External Debt: Public (USD mn) 100,619.377 Sep 2024 quarterly Jun 2006 - Sep 2024
    External Debt: Private Sector (USD mn) 12,373.735 Sep 2024 quarterly Jun 2006 - Sep 2024
    Workers' Remittances (USD mn) 3,051.974 Oct 2024 monthly Jul 1972 - Oct 2024
    Foreign Investment: Direct Investment: Outflow: United States (USD mn) 1.566 Oct 2024 monthly Jul 2012 - Oct 2024
    Foreign Investment: Direct Investment: Hong Kong (USD mn) 0.937 Oct 2024 monthly Jul 2001 - Oct 2024
    Foreign Investment: Direct Investment: Switzerland (USD mn) 16.802 Oct 2024 monthly Jul 2001 - Oct 2024
    Foreign Investment: Direct Investment: Outflow: United Kingdom (USD mn) 0.367 Oct 2024 monthly Jul 2012 - Oct 2024
    Foreign Investment: Direct Investment: Outflow: China (USD mn) 56.709 Oct 2024 monthly Jul 2012 - Oct 2024
    Foreign Investment: Direct Investment: United Kingdom (USD mn) 21.845 Oct 2024 monthly Jul 2001 - Oct 2024
    Foreign Investment: Direct Investment: Italy (USD mn) -0.157 Oct 2024 monthly Jul 2011 - Oct 2024
    Foreign Investment: Direct Investment: Outflow: U.A.E (USD mn) 2.861 Oct 2024 monthly Jul 2012 - Oct 2024
    Foreign Investment: Direct Investment: United States (USD mn) 7.349 Oct 2024 monthly Jul 2001 - Oct 2024
    Foreign Investment: Direct Investment: Outflow: Saudi Arabia (USD mn) 0.411 Oct 2024 monthly Jul 2012 - Oct 2024
    Monetary Last Frequency Range
    Non Performing Loans Ratio (%) 8.4 Sep 2024 quarterly Mar 2006 - Sep 2024
    Non-Performing Loans (USD mn) 3,664.970 Jun 2024 quarterly Sep 2003 - Jun 2024
    Money Supply M1 (USD mn) 41,331.502 Oct 2024 monthly Jul 1991 - Oct 2024
    Money Supply M2 (USD mn) 130,643.296 Sep 2024 monthly Jan 1988 - Sep 2024
    M2 Growth (%) 15.2 Oct 2024 monthly Jan 1989 - Oct 2024
    Reserve Requirement Ratio (%) 5.0 Nov 2024 monthly Jul 2006 - Nov 2024
    Foreign Exchange Reserves (USD mn) 15,467.7 Oct 2024 monthly Jan 1959 - Oct 2024
    Foreign Exchange Reserves: % of GDP (%) 5.000 Nov 2024 monthly Jul 2006 - Nov 2024
    Foreign Exchange Reserves: Months of Import (NA) 3.4 Oct 2024 monthly Jan 1996 - Oct 2024
    Gold Reserves (USD mn) 5,690.437 Oct 2024 monthly Dec 1956 - Oct 2024
    Total Deposits (USD mn) 96,876.180 2023 yearly 1997 - 2023
    Total Deposits Growth (%) 23.8 2023 yearly 1998 - 2023
    Domestic Credit (USD mn) 167,283.2 Oct 2024 monthly Jun 2008 - Oct 2024
    Domestic Credit Growth (%) 17.8 Oct 2024 monthly Jun 2009 - Oct 2024
    Total Loans (USD mn) 47,940.524 Oct 2024 monthly Sep 2007 - Oct 2024
    Total Loans Growth (%) 15.45 Oct 2024 monthly Sep 2008 - Oct 2024
    Private Debt: % of Nominal GDP (%) 7.98 2024 yearly 2005 - 2024
    Money Supply M0: Reserve Money (PKR mn) 11,479,183.984 Oct 2024 monthly Jan 2005 - Oct 2024
    ORA: Gold Including Gold Deposits and Gold Swapped (USD mn) 2,711.52 May 2018 monthly Oct 2003 - May 2018

    More Indicators for Pakistan

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