Pakistan Debt to GDP Ratio

Pakistan's government debt-to-GDP ratio fell to 80% in 2024, the lowest since 2018, down from 91% in 2023. This decline resulted from a reduced fiscal deficit to 6.8% of GDP in FY2023-24, boosted by higher revenue from petroleum levies and State Bank profits. Nominal GDP growth outpaced debt growth and external debt contracted due to exchange rate revaluation. The country also achieved a primary surplus and cut development spending for fiscal consolidation. Pakistan's record low government debt to gdp was 63.3% in 2015 and record high was 94% in 2020.