Argentina vs Paraguay: Economic Indicators Comparison

Argentina with a GDP of $519.9B ranked the 25th largest economy in the world, while Paraguay ranked 94th with $40.5B. By GDP 5-years average growth and GDP per capita, Argentina and Paraguay ranked 169th vs 50th and 66th vs 104th, respectively.

Gross Domestic Product & Income

StatArgentinaParaguay
GDP$519.9B$40.5B
GDP growth, 1 year-2.5%3.7%
GDP growth, 5-years average-0.3%4.2%
Population44.9M6.8M
GDP per capita$12k$5.8k
GDP per capita growth-3.47%2.35%
Purchasing Power Parity conversion factor15.932453.78
Price level ratio of PPP conversion factor GDP to market exchange rate0.570.43
GDP per capita, PPP adjusted$21k$13k
GNI, Atlas method$551.2B$39.4B
GNI per capita$12k$5.7k
GNI, PPP adjusted$884.2B$91.9B
GNI per capita, PPP adjusted$20k$13k

Financial system and Human development

StatArgentinaParaguay
Income Tax Rate35%10%
Corporate Tax Rate30%10%
Inflation, consumer prices34.3%4%
Inflation, GDP deflator40.7%2.1%
Unemployment9.5%4.7%
Economic Freedom Index53.163
Personal Freedom Index8.197.3
Human Freedom Index7.17.02
Property Rights Index50.544.7
Judical Effectiveness Index4726.4
Business Freedom Index60.260.9
Fiscal Health Index24.798
Labor Freedom Index46.529
Investment Freedom Index5575
Financial Freedom Index6060
Trade Freedom Index69.275.4
Monetary Freedom Index53.772.5
Government Spending Index50.788.6
Tax Burden Index69.696.1
Government Integrity Index49.729.6
Corruption Perceptions Index4029
Life expectancy at birth, years76.474
Suicide mortality rate, per 100,000 people9.29.5
Mortality caused by road traffic injury, per 100,000 people1422.7
Intentional homicides, per 100,000 people5.19.3
International tourism, number of arrivals6.9M1.2M

Government debt & reserves

StatArgentinaParaguay
Central government debt, % of GDP86.3%21.6%
External debt stocks, % of GNI56.1%39.9%
External debt stocks$280.5B$15.8B
Short-term debt, % of total reserves102.1%60%
Total debt service, % of exports and primary income45%15.7%
Adjusted net savings including particulate emission damage, % of GNI5.4%14.5%
Gross savings, % of GDP15.5%23.2%
Gross capital formation, % of GDP21%22.4%
Total reserves including gold$66.2B$7.7B
Foreign direct investment net inflows$11.9B$386.9M

Exports, imports and economic structure

StatArgentinaParaguay
Exports of goods and services, % of GDP14.3%36%
Imports of goods and services, % of GDP16.4%34.4%
Current account balance (balance of payments)-$27.5B$8.6M
Revenue excluding grants, % of GDP19.4%17.4%
Grants excluding technical cooperation, BoP$30.3M$64.1M
Personal remittances received$515.9M$682.9M
Industry including construction value added, % of GDP23%33.9%
Agriculture, forestry and fishing value added, % of GDP6.1%10.4%
Charges for the use of intellectual property, payments BoP$2B$18.5M
Charges for the use of intellectual property, receipts BoP$268.3M$114.1M
Expense, % of GDP24.3%15.6%
Government Expenditure, % of GDP40.5%19.5%

Compare with countries close by GDP per capita

Argentina vs

CountryGDP
per capita
Population
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k

Paraguay vs

CountryGDP
per capita
Population
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M