Despite better performance on the external front, domestic public debt is still on the rise. Debt to GDP Ratio. Pakistan external debt for 2016 was $73,041,126,773, a 9.52% increase from 2015. Pakistan External Debt accounted for 42.7 % of the country's Nominal GDP in 2020, compared with the ratio of 38.1 % in the previous year. Pakistan’s external debt situation of the 1990s is consistent with the findings of the recent literature on the relationship between debt and economic growth. ISLAMABAD-Pakistan’s total debt and liabilities to GDP (gross domestic product) ratio has declined to 98.3 percent in September 2020 from 99.5 percent in same month of last year, State Bank of Pakistan … suggests that external debt slows growth only after its face value reaches a threshold level estimated to be about 50 percent of GDP or in net present value terms, 20 – 25 percent of GDP. However, another IMF report projects Pakistan’s debt-to-GDP ratio to remain high, i.e., at 77 percent of GDP by June 2019. Pakistan external debt for 2019 was $100,818,526,514, a 7.79% increase from 2018. Overall public debt, thereby, remains a strong source of vulnerability to the economy and mounting domestic debt is also strongly suggesting an interest rate rise in the offing. Pakistan external debt for 2018 was $93,531,752,991, a 8.72% increase from 2017. Pakistan External Debt: % of Nominal GDP data is updated yearly, available from Jun 2000 to Jun 2020. Historical data on the value and ratio of Pakistan public debt to its Gross Domestic Product. The data reached an all-time high of 42.7 % in Jun 2020 and a record low of 24.1 % in Jun 2015. Pakistan’s debt-to-GDP ratio was recorded at 87.2 per cent at end June 2020, which was 86.1 percent at end June 2019, according to the official documents of the ministry of finance. The IMF has also predicted that Pakistan’s debt-to-GDP ratio is all set to touch the 65 percent mark within the next few months. Pakistan external debt for 2017 was $86,031,955,223, a 17.79% increase from 2016. Graph and download economic data for Total External Debt for Pakistan (PAKDGDPGDPPT) from 2000 to 2021 about external, Pakistan, REO, and debt. Pakistan's debt-to-GDP ratio crosses 61% - People's Daily Online However, the government has projected to bring it down to 78 per cent by 2024 due to several measures. Suggesting a possible way out for the increasing debt to GDP ratio, he says the federal government’s budget deficit could be reduced at 4 per cent of GDP (excluding foreign grants) during the period 2018-2020 and 3.5 per cent of GDP thereafter. Pakistan Government Debt to GDP was 87 % in 2021. External Debt from The World Bank: Data. Statistics on external debt. This site uses cookies to optimize functionality and give you the best possible experience.
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