Belarus vs Paraguay: Economic Indicators Comparison

Belarus with a GDP of $59.7B ranked the 78th largest economy in the world, while Paraguay ranked 94th with $40.5B. By GDP 5-years average growth and GDP per capita, Belarus and Paraguay ranked 167th vs 50th and 97th vs 104th, respectively.

Gross Domestic Product & Income

StatBelarusParaguay
GDP$59.7B$40.5B
GDP growth, 1 year3%3.7%
GDP growth, 5-years average0.2%4.2%
Population9.4M6.8M
GDP per capita$6.3k$5.8k
GDP per capita growth3.19%2.35%
Purchasing Power Parity conversion factor0.642453.78
Price level ratio of PPP conversion factor GDP to market exchange rate0.310.43
GDP per capita, PPP adjusted$20k$13k
GNI, Atlas method$53.8B$39.4B
GNI per capita$5.7k$5.7k
GNI, PPP adjusted$182.5B$91.9B
GNI per capita, PPP adjusted$19k$13k

Financial system and Human development

StatBelarusParaguay
Income Tax Rate13%10%
Corporate Tax Rate18%10%
Inflation, consumer prices4.9%4%
Inflation, GDP deflator11.6%2.1%
Unemployment5.7%4.7%
Economic Freedom Index61.763
Personal Freedom Index6.247.3
Human Freedom Index6.167.02
Property Rights Index63.244.7
Judical Effectiveness Index48.426.4
Business Freedom Index76.460.9
Fiscal Health Index95.498
Labor Freedom Index74.829
Investment Freedom Index3075
Financial Freedom Index2060
Trade Freedom Index8275.4
Monetary Freedom Index69.872.5
Government Spending Index54.188.6
Tax Burden Index88.896.1
Government Integrity Index37.429.6
Corruption Perceptions Index4429
Life expectancy at birth, years74.174
Suicide mortality rate, per 100,000 people26.29.5
Mortality caused by road traffic injury, per 100,000 people8.922.7
Intentional homicides, per 100,000 people3.69.3
International tourism, number of arrivals11.5M1.2M

Government debt & reserves

StatBelarusParaguay
Central government debt, % of GDP47.8%21.6%
External debt stocks, % of GNI67.7%39.9%
External debt stocks$38.8B$15.8B
Short-term debt, % of total reserves134.2%60%
Total debt service, % of exports and primary income13.5%15.7%
Adjusted net savings including particulate emission damage, % of GNI21.2%14.5%
Gross savings, % of GDP28.8%23.2%
Gross capital formation, % of GDP27.5%22.4%
Total reserves including gold$7.2B$7.7B
Foreign direct investment net inflows$1.4B$386.9M

Exports, imports and economic structure

StatBelarusParaguay
Exports of goods and services, % of GDP70.2%36%
Imports of goods and services, % of GDP69.1%34.4%
Current account balance (balance of payments)-$34.4M$8.6M
Revenue excluding grants, % of GDP29.5%17.4%
Grants excluding technical cooperation, BoP$56.2M$64.1M
Personal remittances received$1.4B$682.9M
Industry including construction value added, % of GDP31.5%33.9%
Agriculture, forestry and fishing value added, % of GDP6.4%10.4%
Charges for the use of intellectual property, payments BoP$178.6M$18.5M
Charges for the use of intellectual property, receipts BoP$66.1M$114.1M
Expense, % of GDP29.3%15.6%
Government Expenditure, % of GDP39.1%19.5%

Compare with countries close by GDP per capita

Belarus vs

CountryGDP
per capita
Population
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
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
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

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
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
Sri Lanka
$4.1k
21.4M