Pakistan Government Debt: % of GDP

2000 - 2022 | Yearly | % | CEIC Data

Key information about Pakistan Government Debt: % of GDP

  • Pakistan Government debt accounted for 71.6 % of the country's Nominal GDP in Jun 2022, compared with the ratio of 69.1 % in the previous year.
  • Pakistan government debt to GDP ratio data is updated yearly, available from Jun 2000 to Jun 2022.
  • 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 2022 in the chart:

    Pakistan Government Debt: % of GDP

    What was Pakistan's Government Debt: % of GDP in 2022?

    Pakistan Government debt accounted for 71.6 % of the country's Nominal GDP in Jun 2022, compared with the ratio of 69.1 % in the previous year. See the table below for more data.

    Last Previous Min Max Unit Frequency Range
    71.6 2022 69.1 2021 41.4 2007 73.5 2020 % yearly 2000 - 2022

    Government Debt: % of GDP by Country Comparison

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    country/region Last Frequency Range
    Albania (%) 61.2 Jun 2023 quarterly Sep 2010 - Jun 2023
    Algeria (%) 62.1 2022 yearly 1997 - 2022
    Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
    Armenia (%) 50.5 Dec 2023 quarterly Dec 2013 - Dec 2023
    Australia (%) 41.8 2022 yearly 1999 - 2022
    Austria (%) 77.8 Dec 2023 quarterly Mar 2000 - Dec 2023
    Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
    Bahrain (%) 93.6 Dec 2023 quarterly Dec 2007 - Dec 2023
    Bangladesh (%) 23.6 2023 yearly 2010 - 2023
    Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
    Belgium (%) 108.0 Sep 2023 quarterly Dec 1980 - Sep 2023
    Bolivia (%) 27.2 2014 yearly 1998 - 2014
    Bosnia and Herzegovina (%) 20.7 2022 yearly 2007 - 2022
    Botswana (%) 17.2 Jun 2023 quarterly Jun 2014 - Jun 2023
    Brazil (%) 74.4 Dec 2023 quarterly Dec 2006 - Dec 2023
    Bulgaria (%) 21.0 Sep 2023 quarterly Mar 2007 - Sep 2023
    Cambodia (%) 33.7 2022 yearly 2013 - 2022
    Canada (%) 67.8 2023 yearly 1962 - 2023
    Chile (%) 39.9 Dec 2023 quarterly Mar 2002 - Dec 2023
    China (%) 22.7 Sep 2023 quarterly Mar 2014 - Sep 2023
    Colombia (%) 59.0 Sep 2023 quarterly Dec 2005 - Sep 2023
    Croatia (%) 67.8 Dec 2022 quarterly Dec 1995 - Dec 2022
    Cyprus (%) 77.4 Dec 2023 quarterly Dec 2010 - Dec 2023
    Czech Republic (%) 44.0 Dec 2023 quarterly Mar 2000 - Dec 2023
    Denmark (%) 29.3 Dec 2023 quarterly Mar 2000 - Dec 2023
    Ecuador (%) 67.0 Dec 2023 quarterly Dec 2005 - Dec 2023
    Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
    Estonia (%) 19.6 Dec 2023 quarterly Mar 2000 - Dec 2023
    European Union (%) 82.4 Sep 2023 quarterly Mar 2000 - Sep 2023
    Finland (%) 75.8 Dec 2023 quarterly Mar 2000 - Dec 2023
    France (%) 1.1 Dec 2023 quarterly Dec 1995 - Dec 2023
    Georgia (%) 39.1 Dec 2023 quarterly Mar 2006 - Dec 2023
    Germany (%) 63.6 Dec 2023 quarterly Mar 2000 - Dec 2023
    Ghana (%) 70.7 2022 yearly 2006 - 2022
    Greece (%) 165.5 Sep 2023 quarterly Dec 1999 - Sep 2023
    Hong Kong SAR, China (%) 50.1 2023 yearly 2003 - 2023
    Hungary (%) 69.5 Dec 2023 quarterly Dec 1990 - Dec 2023
    Iceland (%) 64.8 2023 yearly 1998 - 2023
    India (%) 59.0 Dec 2023 quarterly Mar 2012 - Dec 2023
    Indonesia (%) 39.0 Dec 2023 quarterly Jun 2015 - Dec 2023
    Iran (%) 8.3 Sep 2023 quarterly Mar 1998 - Sep 2023
    Ireland (%) 43.5 Sep 2023 quarterly Mar 2000 - Sep 2023
    Israel (%) 60.3 2023 yearly 1995 - 2023
    Italy (%) 137.3 Dec 2023 quarterly Dec 1995 - Dec 2023
    Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
    Japan (%) 217.3 Dec 2023 quarterly Dec 1994 - Dec 2023
    Jordan (%) 89.2 Sep 2023 quarterly Mar 2002 - Sep 2023
    Kazakhstan (%) 23.1 Sep 2023 quarterly Mar 2005 - Sep 2023
    Kenya (%) 68.3 Mar 2023 quarterly Dec 2009 - Mar 2023
    South Korea (%) 49.9 Sep 2023 quarterly Sep 2002 - Sep 2023
    Kosovo (%) 19.9 2022 yearly 2009 - 2022
    Kuwait (%) 0.4 Sep 2023 quarterly Dec 2010 - Sep 2023
    Kyrgyzstan (%) 45.6 Dec 2023 quarterly Mar 2011 - Dec 2023
    Latvia (%) 39.5 Jun 2023 quarterly Mar 2000 - Jun 2023
    Lebanon (%) 150.6 2020 yearly 1998 - 2020
    Lithuania (%) 38.3 Dec 2023 quarterly Mar 2000 - Dec 2023
    Luxembourg (%) 25.8 Sep 2023 quarterly Dec 1997 - Sep 2023
    North Macedonia (%) 53.1 Dec 2023 quarterly Dec 2009 - Dec 2023
    Malawi (%) 66.0 2014 yearly 2010 - 2014
    Malaysia (%) 64.3 Dec 2023 quarterly Dec 2010 - Dec 2023
    Malta (%) 49.6 Sep 2023 quarterly Dec 2000 - Sep 2023
    Mauritius (%) 69.3 Dec 2023 quarterly Jun 2003 - Dec 2023
    Mexico (%) 49.7 Dec 2023 quarterly Dec 2005 - Dec 2023
    Moldova (%) 34.9 Dec 2023 quarterly Mar 2007 - Dec 2023
    Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
    Montenegro (%) 59.7 Sep 2023 quarterly Dec 2010 - Sep 2023
    Morocco (%) 71.6 2022 yearly 1994 - 2022
    Nepal (%) 27.2 2019 yearly 1990 - 2019
    Netherlands (%) 46.5 Dec 2023 quarterly Dec 1999 - Dec 2023
    New Zealand (%) 38.7 Dec 2023 quarterly Dec 2006 - Dec 2023
    Nigeria (%) 39.8 Dec 2023 quarterly Dec 2010 - Dec 2023
    Norway (%) 44.3 2023 yearly 1995 - 2023
    Oman (%) 41.2 2022 yearly 1990 - 2022
    Pakistan (%) 71.6 2022 yearly 2000 - 2022
    Palestinian Territory (%) 72.6 Sep 2023 quarterly Dec 2010 - Sep 2023
    Panama (%) 56.4 Dec 2023 quarterly Dec 2007 - Dec 2023
    Paraguay (%) 34.8 Dec 2023 quarterly Dec 2014 - Dec 2023
    Peru (%) 32.9 Dec 2023 quarterly Mar 1999 - Dec 2023
    Philippines (%) 60.1 Dec 2023 quarterly Mar 1993 - Dec 2023
    Poland (%) 49.8 Dec 2023 quarterly Dec 2002 - Dec 2023
    Portugal (%) 99.0 Dec 2023 quarterly Dec 1995 - Dec 2023
    Qatar (%) 15.0 2012 yearly 2006 - 2012
    Romania (%) 48.7 Dec 2023 quarterly Dec 2011 - Dec 2023
    Russia (%) 14.9 Dec 2023 quarterly Dec 2011 - Dec 2023
    Saudi Arabia (%) 26.2 Dec 2023 quarterly Dec 2016 - Dec 2023
    Serbia (%) 52.0 Dec 2023 quarterly Sep 2004 - Dec 2023
    Singapore (%) 170.8 Dec 2023 quarterly Mar 1990 - Dec 2023
    Slovakia (%) 59.5 Jun 2023 quarterly Mar 2000 - Jun 2023
    Slovenia (%) 69.2 Dec 2023 quarterly Dec 1999 - Dec 2023
    South Africa (%) 73.9 Dec 2023 quarterly Dec 1960 - Dec 2023
    Spain (%) 107.7 Dec 2023 quarterly Mar 1995 - Dec 2023
    Sri Lanka (%) 104.4 Sep 2023 quarterly Mar 2014 - Sep 2023
    Sweden (%) 30.4 Sep 2023 quarterly Mar 1996 - Sep 2023
    Switzerland (%) 23.1 2027 yearly 1990 - 2027
    Taiwan (%) 29.7 2022 yearly 1996 - 2022
    Tajikistan (%) 36.3 2021 yearly 1999 - 2021
    Thailand (%) 54.3 Dec 2023 quarterly Dec 1997 - Dec 2023
    Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
    Turkey (%) 29.5 Dec 2023 quarterly Dec 2001 - Dec 2023
    Ukraine (%) 79.4 Dec 2023 quarterly Dec 2010 - Dec 2023

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    Pakistan Key Series

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    Includes 210 key indicators for Pakistan, curated by CEIC analysts. Instant access to full history data in excel.
    Government and Public Finance Last Frequency Range
    Consolidated Fiscal Balance: % of GDP (%) -7.9 2022 yearly 2000 - 2022
    Consolidated Fiscal Balance (USD mn) -29,641.346 2022 yearly 1991 - 2022
    Tax Revenue (USD mn) 17,078.862 Dec 2023 quarterly Sep 2000 - Dec 2023
    Tax Revenue: % of GDP (%) 5.8 2023 yearly 2000 - 2023
    Government Debt: % of GDP (%) 71.6 2022 yearly 2000 - 2022
    Forecast: Government Expenditure (PKR bn) 29,450.360 2028 yearly 1993 - 2028
    Forecast: Government Net Debt (PKR bn) 113,284.270 2028 yearly 1994 - 2028
    Forecast: Government Revenue (PKR bn) 21,759.820 2028 yearly 1980 - 2028
    CG Revenue: ytd: Tax (PKR mn) 4,834,306.000 Dec 2023 quarterly Sep 2000 - Dec 2023
    Consolidated Govt Revenue: Tax: Federal: Direct Tax (PKR mn) 2,280,470.000 2022 yearly 2016 - 2022
    CG Expenditure: ytd: Current (PKR mn) 8,564,632.000 Dec 2023 quarterly Sep 2000 - Dec 2023
    Foreign Trade Last Frequency Range
    Forecast: Exports of Goods Growth (%) 5.363 2028 yearly 1980 - 2028
    Trade Balance (USD mn) -2,171.0 Mar 2024 monthly Jan 1968 - Mar 2024
    Total Exports (USD mn) 2,555.0 Mar 2024 monthly Jan 1996 - Mar 2024
    Total Exports Growth (%) 7.5 Mar 2024 monthly Dec 1988 - Mar 2024
    Aluminum: Exports (USD th) 43,709.814 2022 yearly 1995 - 2022
    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) 4,726.0 Mar 2024 monthly Jan 1996 - Mar 2024
    Total Imports Growth (%) 23.3 Mar 2024 monthly Dec 1988 - Mar 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) 604.935 Dec 2021 monthly Jan 1969 - Dec 2021
    Total Imports from USA (USD mn) 157.042 Feb 2024 monthly Jan 2006 - Feb 2024
    Total Exports to China (USD mn) 169.041 Feb 2024 monthly Jan 2006 - Feb 2024
    Total Imports from China (USD mn) 1,146.087 Feb 2024 monthly Jan 2006 - Feb 2024
    Exports: Petroleum & Coal (PKR mn) 11.000 Feb 2024 monthly Sep 1999 - Feb 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) 14.0 Dec 2023 quarterly Sep 2002 - Dec 2023
    Current Account Balance (USD mn) 198.0 Dec 2023 quarterly Mar 1976 - Dec 2023
    Current Account Balance: % of GDP (%) -0.7 2023 yearly 1977 - 2023
    Foreign Direct Investment (USD mn) 131.2 Feb 2024 monthly Jul 1997 - Feb 2024
    Foreign Direct Investment: % of GDP (%) 0.5 2023 yearly 1977 - 2023
    Foreign Portfolio Investment (USD mn) 63.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    Foreign Portfolio Investment: % of GDP (%) -0.0 2022 yearly 2003 - 2022
    Foreign Portfolio Investment: Equity Securities (USD mn) 63.0 Dec 2023 quarterly Sep 2002 - Dec 2023
    Foreign Portfolio Investment: Debt Securities (USD mn) 0.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    External Debt (USD mn) 131,159.1 Dec 2023 quarterly Jun 2006 - Dec 2023
    External Debt: % of GDP (%) 37.2 2023 yearly 2000 - 2023
    External Debt: Short Term (USD mn) 2,766.6 Dec 2023 quarterly Jun 2006 - Dec 2023
    External Debt: Short Term: % of GDP (%) 0.8 2023 yearly 2006 - 2023
    Forecast: Current Account Balance (USD bn) -2.387 2023 yearly 1980 - 2023
    Net International Investment Position (USD mn) -130,433.822 Dec 2023 quarterly Mar 2009 - Dec 2023
    BoP: Credit: Current Account (CA) (USD mn) 18,149.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: Debit: Current Account (CA) (USD mn) 17,951.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: Errors and Omissions (USD mn) -169.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: CA: Primary Income (PI) (USD mn) -2,145.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: Cr: CA: GS: Goods (USD mn) 8,287.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: Capital Account (CP) (USD mn) 48.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: Dr: CA: GS: Goods (USD mn) 12,912.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: FA: Portfolio Investment: Assets (USD mn) 0.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: FA: Portfolio Investment: Liabilities (USD mn) 62.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: CA: Secondary Income (USD mn) 7,599.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: FA: Other Investment (OI): Liabilities (USD mn) 279.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: CA: GS: Goods (USD mn) -4,625.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: FA: Direct Investment: Assets (USD mn) 14.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: CA: GS: Services (USD mn) -631.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: Cr: CA: GS: Services (USD mn) 1,952.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: Dr: CA: Primary Income (PI) (USD mn) 2,351.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: FA: Reserve Assets (RA) (USD mn) 527.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: FA: Other Investment (OI) (USD mn) -178.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: Dr: Capital Account (CP) (USD mn) 0.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: FA: Other Investment (OI): Assets (USD mn) 101.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: Financial Account (FA): Liabilities (USD mn) 4,314.000 Sep 2023 quarterly Sep 2002 - Sep 2023
    BoP: Financial Account (FA): Assets (USD mn) 2,942.000 Sep 2023 quarterly Sep 2002 - Sep 2023
    BoP: FA: Portfolio Investment (USD mn) -62.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: Cr: CA: Secondary Income (USD mn) 7,704.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: Dr: CA: Secondary Income (USD mn) 105.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: Financial Account (FA) (USD mn) -690.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: Dr: CA: GS: Services (USD mn) 2,583.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: FA: Direct Investment (USD mn) -450.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: FA: Financial Derivatives & Employee Stock Options (USD mn) 0.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: Cr: CA: Primary Income (PI) (USD mn) 206.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    BoP: Cr: Capital Account (CP) (USD mn) 48.000 Dec 2023 quarterly Sep 2002 - Dec 2023
    IIP: Liabilities (USD mn) 157,104.381 2023 yearly 2014 - 2023
    IIP: Assets (USD mn) 26,670.559 2023 yearly 2014 - 2023
    International Investment Position (IIP): Net (USD mn) -130,433.822 2023 yearly 2014 - 2023
    External Debt: Public (USD mn) 99,700.385 Dec 2023 quarterly Jun 2006 - Dec 2023
    External Debt: Private Sector (USD mn) 12,276.898 Dec 2023 quarterly Jun 2006 - Dec 2023
    Workers' Remittances (USD mn) 2,953.662 Mar 2024 monthly Jul 1972 - Mar 2024
    Foreign Investment: Direct Investment: Outflow: United States (USD mn) 1.669 Feb 2024 monthly Jul 2012 - Feb 2024
    Foreign Investment: Direct Investment: Hong Kong (USD mn) 27.658 Feb 2024 monthly Jul 2001 - Feb 2024
    Foreign Investment: Direct Investment: Switzerland (USD mn) 0.129 Feb 2024 monthly Jul 2001 - Feb 2024
    Foreign Investment: Direct Investment: Outflow: China (USD mn) 1.036 Feb 2024 monthly Jul 2012 - Feb 2024
    Foreign Investment: Direct Investment: Italy (USD mn) 0.963 Feb 2024 monthly Jul 2011 - Feb 2024
    Foreign Investment: Direct Investment: United Kingdom (USD mn) 22.215 Feb 2024 monthly Jul 2001 - Feb 2024
    Foreign Investment: Direct Investment: Outflow: United Kingdom (USD mn) 0.660 Feb 2024 monthly Jul 2012 - Feb 2024
    Foreign Investment: Direct Investment: Outflow: U.A.E (USD mn) 1.558 Feb 2024 monthly Jul 2012 - Feb 2024
    Foreign Investment: Direct Investment: United States (USD mn) 9.043 Feb 2024 monthly Jul 2001 - Feb 2024
    Foreign Investment: Direct Investment: Outflow: Saudi Arabia (USD mn) 1.379 Feb 2024 monthly Jul 2012 - Feb 2024
    Monetary Last Frequency Range
    Non Performing Loans Ratio (%) 7.6 Dec 2023 quarterly Mar 2006 - Dec 2023
    Non-Performing Loans (USD mn) 3,584.230 Dec 2023 quarterly Sep 2003 - Dec 2023
    Money Supply M1 (USD mn) 39,342.676 Feb 2024 monthly Jul 1991 - Feb 2024
    Money Supply M2 (USD mn) 116,827.767 Dec 2023 monthly Jan 1988 - Dec 2023
    M2 Growth (%) 15.3 Feb 2024 monthly Jan 1989 - Feb 2024
    Reserve Requirement Ratio (%) 5.0 Feb 2024 monthly Jul 2006 - Feb 2024
    Foreign Exchange Reserves (USD mn) 11,992.2 Oct 2023 monthly Jan 1959 - Oct 2023
    Foreign Exchange Reserves: % of GDP (%) 5.000 Feb 2024 monthly Jul 2006 - Feb 2024
    Foreign Exchange Reserves: Months of Import (NA) 2.5 Oct 2023 monthly Jan 1996 - Oct 2023
    Gold Reserves (USD mn) 4,258.550 Feb 2024 monthly Dec 1956 - Feb 2024
    Total Deposits (USD mn) 97,391.375 2022 yearly 1997 - 2022
    Total Deposits Growth (%) 8.8 2022 yearly 1998 - 2022
    Domestic Credit (USD mn) 150,734.8 Feb 2024 monthly Jun 2008 - Feb 2024
    Domestic Credit Growth (%) 20.4 Feb 2024 monthly Jun 2009 - Feb 2024
    Total Loans (USD mn) 42,071.226 Feb 2024 monthly Sep 2007 - Feb 2024
    Total Loans Growth (%) 2.82 Feb 2024 monthly Sep 2008 - Feb 2024
    Private Debt: % of Nominal GDP (%) 9.41 2023 yearly 2005 - 2023
    Money Supply M0: Reserve Money (PKR mn) 10,975,430.375 Feb 2024 monthly Jan 2005 - Feb 2024
    ORA: Gold Including Gold Deposits and Gold Swapped (USD mn) 2,711.52 May 2018 monthly Oct 2003 - May 2018

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