The state of government debt around the world. Source:

Pakistan’s total debts and liabilities increased to an all-time high of $73 billion – a net increase of $8 billion this fiscal year, according to the State Bank of Pakistan.

During the current 2013-16 tenure of PMLN government, the cumulative increase in external debt is $12 billion.

External-debt-to-GDP ratio has remained constant at 26% since 2012-13.

The government-debt-to-GDP ratio is touching 65% (64.8% to be precise).

The public external debt has crossed $20 billion (photo below).

This is really worrying.

Here are some other worries or indices on Pakistan:

Pakistani nationality ranks second least valuable in the world

Pakistan’s global competitiveness – in 11 photos

Pakistan 11th strongest military in the world

Pakistan ranks 11th worst in Global Hunger Index

Nuclear warheads down worldwide, up in South Asia

Pakistan among top 10 global improvers in World Bank’s 2017 Doing Business rankings

Pakistan at rock bottom in Human Capital Index

Pakistan world’s 14th most fragile country

Pakistan ranks 5th in terrorism-affected countries list

Will Pakistan risk falling behind when S Asia ups economic game

Since my 29 August tweet about ‘51% Pakistanis hopeful of future’ went viral (nearly 400 retweets in two days), many tweeps and readers responded with TV screen grabs of our all-time high debt and questioned how I could be optimistic in the presence of such huge debt and if a possible repayment default could be a danger to national security.

As this blog does – gives you a perspective about things affecting Pakistan and the central issues regarding its future – here’s a perspective on public debt by other nations.

So if you are really worried about Pakistan’s debt, the graphics below may help you see the issue in a bigger perspective. It may calm your nerves and save you from panic.

High debt or low debt, we are on an irreversible path of becoming world’s 18th largest economy by 2050.

PS: Global debt levels have reached $152 trillion according to the IMF, equivalent to 225% of world GDP.

Have you seen CPEC & OBOR stories on this blog?

CPEC fact sheet: 2013-2017

16 CPEC projects in Balochistan, 8 in KPK: Chinese Embassy

Chinese Embassy shares progress on CPEC projects

3 false reports about CPEC in one day far too many?

40 CPEC projects in 4 photos & 60 seconds

CPEC gets 4-layer security as Gwadar to be weapon-free

China’s world-reshaping Belt and Road Initiative

How China beats US economy by a trillion dollar every year

20 countries with highest global debt to gdp ratio

20 countries with highest public deb-to-GDP ratio 2016. Japan: 250%. Source: Statista/IMF.

Economy-related posts

Pakistan’s economic future in 11 photos

Pakistan’s GDP PPP crosses $1 trillion, ranks 25th in world

Pakistan is now world’s 40th largest economy

Pakistan’s unprecedented successes in stock market

It’s the economy, stupid

Africa: Nigeria largest economy, China largest single trading partner

The World Bank, meet your challenger: China-led AIIB

Countries with highest global debt to gdp ratio

Countries with highest global deb-to-GDP ratio. Japan and Ireland touching 400%. Source: RBS

The bright side of Pakistan economy

Harvard predicts Pakistan GDP to grow by 6% over 10 years

Pakistan is the world’s fastest-growing Muslim economy: The Economist

Pakistan at Shanghai Cooperation Organisation (SCO): A timeline

Pakistan GDP to grow by 5.5% by 2020: IMF

$10B TAPI natural gas pipeline to be operational in 2020

In a corruption-riddled world, Pakistan is better than one-third countries: TI

Pakistan petrol prices 18th lowest in the world

It’s the economy, stupid

world debt by country map

Gross public debt as % of GDP. US, Canada, some European countries and Japan highest. Source: Actualitix.

Pakistan’s travel infrastructure

Mass-transit transport in urban Pakistan taking shape

Multan gets its Metro bus service

For Rs 20, take a Metro ride from Pindi to Islamabad

A bit of wait for Orange Line train launch

e-ticketing on Green Line train from Islamabad to Karachi

Karachi to get Green Line bus service by end-2017

November 2017: Total global debt until today is: $63 trillion. Which country owns the most of this global debt? Pakistan: 0.3%. Source: Visual Capitalist

Understanding Pakistan Series

Pakistan’s GDP PPP crosses $1 trillion, ranks 25th in world

What to expect in Pakistan in 2017

Back to the future: Pakistan in 2050

Wali on Pakistan of future

Long Term Orientation in Pakistan: from Zero to 50 in 2 years

Pakistani culture through 6-D Model

Native languages in Pakistan

How future oriented are we?

How we messed up Pakistan: A series by Wali

Pakistan’s two value crimes no one talks about

Is Whatsapp your source of info? Welcome to Project Ignorance

World Debt-to-GDP ratio. Pakistan’s 64.8 percent comes in green. Will this be sustainable debt? It’s anyone’s guess.

  • Col R Arif Hussain

    Commendable effort Wali Bhai

  • Rai

    Nice Compliation

  • Frah

    The compilation and info-graphics are quite encouraging.

    On a lighter note, I was reading somewhere else that if the entire planet is in debt, whom do we owe? 😀

  • Rehan ullah Khan

    Great source of learning Sir.

  • Abdul B. Khan

    Excellent statistics Mr. Wali