In the previous 20 years, Pakistan’s gross public debt has grown faster than the country’s GDP.
According to Arif Habib Limited, Pakistan’s gross public debt is Rs. 62.9 trillion (74.3 percent of GDP) as of fiscal year 2022-23 (FY23).
Last Year Debt to GDP Ratio of Pakistan
This is a huge increase over the previous fiscal year’s amount due of Rs. 3.7 trillion (56.1 percent of GDP). Over the last two decades, arrears has increased at a compounded annual growth rate (CAGR) of 15.2 percent.
Over the last two decades, Pakistan’s internal dues has expanded at a CAGR of 16.3 percent, reaching Rs. 38.8 trillion, while its external dues has increased at a CAGR of 13.8 percent.
Pakistan’s Current GDP Growth
Pakistan’s GDP has increased to Rs. 84.7 trillion in FY23, up from Rs. 6.6 trillion two decades ago, with a CAGR of 13.6 percent over the last 20 years.
A significant Rs. 37.9 trillion growth in dues has happened in the last five years, out of a total dues increase of Rs. 59.2 trillion over the last two decades.
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