Bolivia vs Paraguay: Economic Indicators Comparison

Paraguay with a GDP of $40.5B ranked the 94th largest economy in the world, while Bolivia ranked 96th with $40.3B. By GDP 5-years average growth and GDP per capita, Paraguay and Bolivia ranked 50th vs 43rd and 104th vs 126th, respectively.

Gross Domestic Product & Income

StatBoliviaParaguay
GDP$40.3B$40.5B
GDP growth, 1 year4.3%3.7%
GDP growth, 5-years average4.6%4.2%
Population11.1M6.8M
GDP per capita$3.5k$5.8k
GDP per capita growth2.75%2.35%
Purchasing Power Parity conversion factor3.112453.78
Price level ratio of PPP conversion factor GDP to market exchange rate0.450.43
GDP per capita, PPP adjusted$7.5k$13k
GNI, Atlas method$38.2B$39.4B
GNI per capita$3.4k$5.7k
GNI, PPP adjusted$87.1B$91.9B
GNI per capita, PPP adjusted$7.7k$13k

Financial system and Human development

StatBoliviaParaguay
Income Tax Rate13%10%
Corporate Tax Rate25%10%
Inflation, consumer prices2.3%4%
Inflation, GDP deflator3.1%2.1%
Unemployment3.3%4.7%
Economic Freedom Index42.863
Personal Freedom Index7.467.3
Human Freedom Index6.757.02
Property Rights Index20.144.7
Judical Effectiveness Index11.226.4
Business Freedom Index58.360.9
Fiscal Health Index14.298
Labor Freedom Index52.929
Investment Freedom Index1575
Financial Freedom Index4060
Trade Freedom Index67.875.4
Monetary Freedom Index69.972.5
Government Spending Index54.288.6
Tax Burden Index86.396.1
Government Integrity Index23.129.6
Corruption Perceptions Index2929
Life expectancy at birth, years70.974
Suicide mortality rate, per 100,000 people12.29.5
Mortality caused by road traffic injury, per 100,000 people15.522.7
Intentional homicides, per 100,000 people6.39.3
International tourism, number of arrivals1.1M1.2M

Government debt & reserves

StatBoliviaParaguay
Central government debt, % of GDP53.9%21.6%
External debt stocks, % of GNI33.8%39.9%
External debt stocks$13.3B$15.8B
Short-term debt, % of total reserves7.9%60%
Total debt service, % of exports and primary income9.6%15.7%
Adjusted net savings including particulate emission damage, % of GNI0.8%14.5%
Gross savings, % of GDP16%23.2%
Gross capital formation, % of GDP20.6%22.4%
Total reserves including gold$8.9B$7.7B
Foreign direct investment net inflows$255.1M$386.9M

Exports, imports and economic structure

StatBoliviaParaguay
Exports of goods and services, % of GDP26%36%
Imports of goods and services, % of GDP31.1%34.4%
Current account balance (balance of payments)-$2B$8.6M
Revenue excluding grants, % of GDP23.3%17.4%
Grants excluding technical cooperation, BoP$236.7M$64.1M
Personal remittances received$1.4B$682.9M
Industry including construction value added, % of GDP26.2%33.9%
Agriculture, forestry and fishing value added, % of GDP11.5%10.4%
Charges for the use of intellectual property, payments BoP$83.3M$18.5M
Charges for the use of intellectual property, receipts BoP$26.3M$114.1M
Expense, % of GDP21.8%15.6%
Government Expenditure, % of GDP39.1%19.5%

Compare with countries close by GDP per capita

Bolivia vs

CountryGDP
per capita
Population
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
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M

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