Makrognosis

Pakistan Credit Rating & Sovereign Risk Score

Model scoreCode CREDIT:PK

Model score39 / 1009 Nov 2026
Grade equivalentBB-model-implied
BandHighly speculative0–100 scale, 100 = strongest
Rank80th of 84economies scored

Makrognosis sovereign credit model scores Pakistan at 39 out of 100 as of 9 November 2026, equivalent to BB- on the familiar letter scale — highly speculative.

The score is down 0.1 points from 39 on 1 October 2026.

That places Pakistan 80th of the 84 economies the model scores; Russia has the highest score at 100.

Key inputs include government debt of 70.7% of GDP, a fiscal balance of −5.4% of GDP, a current account balance of −0.1% of GDP.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Pakistan sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 202610152025303540Robomacro
Pakistan sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026. Source: Makrognosis sovereign credit model.

Score history

Assessment dateScoreGrade equivalent
9 November 202638.9BB-
1 October 202639.0BB-
31 July 202639.0BB-
30 July 202615.7CCC
26 July 202614.3CCC
21 June 202620.5CCC+
18 June 202620.2CCC+
Get the Pakistan sovereign risk score in your code

Score, grade equivalent and inputs for 84 economies. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/credit/PK"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/credit/PK",
                 headers={"X-API-Key": KEY})
score = r.json()["headline"]["score_0_100"]
Get a free API key → · API docs

What drives the score

The model's published inputs for Pakistan, from official national and international statistics.

InputValueVintage
GDP per capitaUS$1,595.92026
Real GDP growth, 5-year average3.0%2026
Inflation, recent average8.8%2026
Government debt70.7% of GDP2026
Fiscal balance−5.4% of GDP2026
Current account balance−0.1% of GDP2026
External debt35.6% of GDP2026
Foreign-exchange reserves3.8 months of imports2026
Governance (World Bank WGI composite)−1.122026

How Pakistan compares

#EconomyAs ofScore
1Russia9 Nov 2026100
2Turkey9 Nov 2026100
3Denmark9 Nov 202698
4Switzerland9 Nov 202696
5Netherlands9 Nov 202695
73Laos9 Nov 202647
74Uganda9 Nov 202646
75Cambodia9 Nov 202646
76Bangladesh9 Nov 202645
77Egypt9 Nov 202643
78Nigeria9 Nov 202641
79Cameroon9 Nov 202640
80Pakistan9 Nov 202639
81Lebanon9 Nov 202638
82Haiti9 Nov 202632
83Venezuela9 Nov 202629
84Sudan9 Nov 202625

All 84 economies ranked →

Pakistan economic indicators

Pakistan GDP (Gross Domestic Product)Pakistan Nominal GDP Annual (PBS)Pakistan Inflation Rate (CPI)Pakistan Government Debt to GDPPakistan Government Budget BalancePakistan PKR per USD, calendar-month average of the official daily Mark-to-Market READY rate (SBP)Pakistan Pakistani Rupee per US Dollar (PKR/USD; State Bank of Mark-to-Market READY daily)Pakistan SBP Policy (Target) Rate (decision-dated)Pakistan Total public debt, PKR billion (MoF Economic Survey Table 9.1, June-end)

FAQ

What is Pakistan's credit rating?
Makrognosis sovereign credit model scores Pakistan at 39/100 as of 9 November 2026, equivalent to BB- (highly speculative). This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.
How is the sovereign risk score calculated?
A statistical model scores each economy from published inputs — government debt and fiscal balance, current account and external debt, GDP per capita and growth, inflation, reserves and governance — on a 0–100 scale where 100 is the strongest credit. It is re-run as the inputs update.
Where can I get the data?
Through the Makrognosis API: GET /v1/credit/PK returns the score history and inputs; /v1/credit/universe lists every economy.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Last assessed 2026-11-09. Source: Makrognosis sovereign credit model.