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Economy of Bosnia and Herzegovina vs Paraguay compared: GDP & Debt

Updated on by Georank

Bosnia and Herzegovina has a GDP of $32.6B compared to $49.3B for Paraguay, ranking 110/197 and 97/197 by economy size, respectively.

Bosnia and Herzegovina has $9.76B in government debt (29.9% of GDP), compared to $18.8B (38.1% of GDP) in Paraguay.

Bosnia and Herzegovina vs Paraguay GDP by year

Bosnia and Herzegovina
Paraguay
1x
Year GDP, current $
Bosnia Paraguay
2025 $32,599,982,936 $49,278,227,554
2024 $29,737,363,103 $44,738,819,362
2023 $27,592,361,498 $43,140,465,596
2022 $24,534,663,636 $41,841,201,627
2021 $23,672,712,121 $39,937,357,256
2020 $20,226,038,370 $35,432,178,068
2019 $20,482,608,984 $37,925,338,329
2018 $20,484,058,033 $40,225,448,341
2017 $18,326,373,136 $38,997,129,474
2016 $17,116,926,554 $36,089,700,223
2015 $16,404,348,361 $36,211,447,840
2014 $18,558,734,107 $40,377,929,296
2013 $18,179,109,209 $38,501,122,141
2012 $17,226,735,996 $33,271,921,136
2011 $18,644,233,537 $33,756,238,767
2010 $17,176,315,804 $27,260,886,405
2009 $17,613,949,091 $22,355,151,162
2008 $19,112,796,623 $24,615,267,664
2007 $15,778,734,264 $17,856,393,235
2006 $12,864,841,906 $13,429,430,050
2005 $11,222,796,337 $10,737,500,188
2004 $10,156,541,221 $9,624,440,836
2003 $8,498,894,359 $7,691,367,471
2002 $6,728,220,983 $7,196,260,657
2001 $5,800,615,375 $8,495,806,432
2000 $5,567,772,769 $8,855,705,140
1999 $4,686,256,363 $8,837,070,236
1998 $4,116,774,301 $9,260,481,572
1997 $3,671,909,673 $9,965,225,678
1996 $2,786,045,322 $9,788,391,781
1995 $1,866,572,954 $9,062,131,475
1994 $1,255,802,469 $7,870,982,005
1993 $3,630,668,950 $7,249,533,620
1992 $4,735,044,707 $7,157,424,031
1991 $6,122,959,184 $6,984,367,763
1990 $7,753,478,261 $5,812,114,523
1989 - $4,757,732,200
1988 - $4,255,683,528
1987 - $3,971,044,724
1986 - $3,723,993,943
1985 - $3,282,449,236
1984 - $4,502,462,807
1983 - $5,673,248,726
1982 - $5,419,411,765
1981 - $5,624,515,873
1980 - $4,448,087,302
1979 - $3,416,777,778
1978 - $2,559,857,143
1977 - $2,092,158,730
1976 - $1,698,960,317
1975 - $1,511,420,635
1974 - $1,333,475,397
1973 - $995,531,746
1972 - $769,039,683
1971 - $664,571,429
1970 - $594,611,111
1969 - $556,293,651
1968 - $517,650,794
1967 - $492,674,603
1966 - $465,888,889
1965 - $443,587,302
1964 - $408,349,206
1963 - $383,904,762
1962 - $360,698,413
1961 - $322,053,713
1960 - $288,884,368

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/bosnia-and-herzegovina/paraguay | CC BY

GDP per capita in Bosnia and Herzegovina vs Paraguay by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Paraguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Paraguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,382 - $7,027 -
2024 $9,398 $25,043 $6,457 $18,524
2023 $8,663 $23,376 $6,303 $17,564
2022 $7,656 $21,651 $6,189 $16,347
2021 $7,295 $18,287 $5,975 $15,406
2020 $6,130 $16,370 $5,365 $14,309
2019 $6,122 $16,429 $5,821 $14,150
2018 $6,048 $14,859 $6,258 $14,139
2017 $5,345 $13,627 $6,152 $13,977
2016 $4,929 $12,899 $5,775 $13,329
2015 $4,662 $11,845 $5,879 $12,679
2014 $5,206 $11,168 $6,652 $12,607
2013 $5,035 $10,808 $6,436 $12,137
2012 $4,694 $10,121 $5,642 $10,954
2011 $4,983 $9,761 $5,805 $11,442
2010 $4,506 $9,086 $4,751 $10,893
2009 $4,540 $8,698 $3,942 $9,802
2008 $4,842 $8,587 $4,385 $9,867
2007 $3,931 $7,686 $3,212 $9,179
2006 $3,166 $6,869 $2,439 $8,561
2005 $2,740 $5,956 $1,971 $8,007
2004 $2,453 $5,407 $1,786 $7,686
2003 $2,034 $4,917 $1,444 $7,276
2002 $1,607 $4,665 $1,368 $6,924
2001 $1,388 $4,307 $1,638 $6,916
2000 $1,338 $4,148 $1,736 $6,937
1999 $1,135 $3,875 $1,766 $7,080
1998 $1,007 $3,524 $1,890 $7,227
1997 $914 $3,041 $2,079 $7,299
1996 $719 $2,269 $2,088 $7,040
1995 $502 $1,507 $1,979 $6,966
1994 $337 $1,269 $1,760 $6,542
1993 $930 $1,067 $1,662 $6,234
1992 $1,118 $982 $1,683 $5,952
1991 $1,373 $975 $1,685 $5,873
1990 $1,743 $1,043 $1,440 $5,637
1989 - - $1,211 -
1988 - - $1,114 -
1987 - - $1,069 -
1986 - - $1,031 -
1985 - - $935 -
1984 - - $1,319 -
1983 - - $1,710 -
1982 - - $1,680 -
1981 - - $1,793 -
1980 - - $1,457 -
1979 - - $1,149 -
1978 - - $883 -
1977 - - $740 -
1976 - - $616 -
1975 - - $562 -
1974 - - $508 -
1973 - - $389 -
1972 - - $308 -
1971 - - $272.1 -
1970 - - $249 -
1969 - - $238.2 -
1968 - - $226.8 -
1967 - - $220.9 -
1966 - - $213.9 -
1965 - - $208.7 -
1964 - - $197 -
1963 - - $189.9 -
1962 - - $182.8 -
1961 - - $167.1 -
1960 - - $153.4 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/bosnia-and-herzegovina/paraguay | CC BY

Bosnia and Herzegovina's GDP per capita is $10,382, ranking 87/197, compared to $7,027 in Paraguay, ranking 105/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Paraguay ranks 102nd at $18,524.

Economic indicators

Bosnia Paraguay
Gross domestic product
$32.6B
2025
$49.3B
2025
GDP rank
110/197
2025
97/197
2025
GDP growth
2.13%
2024-2025
6.64%
2024-2025
GDP per capita
$10,382
2025
$7,027
2025
GDP per capita rank
87/197
2025
105/197
2025
GDP per capita, PPP
$25,043
2024
$18,524
2024
GDP per capita PPP rank
83/197
2024
102/197
2024
Government debt
$9.76B
2025
$18.8B
2025
Debt-to-GDP ratio
29.9%
2025
38.1%
2025
Government debt per person
$3,108
2025
$2,679
2025
Government debt per person rank
104/185
2025
111/185
2025
Average annual personal income after taxes
$9,479
2026
$6,874
2026
Market capitalization of domestic companies n/a
$313M
1999
Income share by richest 10%
23.6%
2021
35%
2024
Income share by poorest 10%
3.3%
2021
2%
2024
Government expenditure, % of GDP
44.9%
2025
19.6%
2025
Consumer prices inflation
4%
2024-2025
4.04%
2024-2025
Central bank interest rate n/a
5.75%
2026
Unemployment rate
10.7%
2024
4.63%
2025
Population
3114736
7138671

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Paraguay
Spending

Debt
1x
Year % of GDP
Bosnia Paraguay
Government spending Government debt Government spending Government debt
2025 44.9% 29.9% 19.6% 38.1%
2024 43.3% 29.4% 20.9% 44.6%
2023 41.9% 29% 21.5% 41%
2022 39.4% 31.2% 20.2% 40.6%
2021 40.6% 35.8% 20.5% 37.5%
2020 45.4% 37.2% 22.6% 36.9%
2019 39.9% 32.8% 20.1% 25.8%
2018 40.4% 34.5% 18.5% 22.3%
2017 40% 38.6% 18.1% 19.8%
2016 41.5% 44.9% 17.7% 19.4%
2015 42.7% 46.4% 18% 18.6%
2014 46.2% 47.1% 17.1% 15.6%
2013 43.8% 43.8% 17.1% 13.5%
2012 47.9% 43.6% 17.6% 12.3%
2011 46.4% 40.9% 14.7% 11.1%
2010 48.7% 42.2% 13.3% 13%
2009 49% 36.4% 14.3% 14.9%
2008 48.4% 30.3% 11.8% 16%
2007 45.2% 18.2% 13.1% 16.8%
2006 44.2% 20.6% 14.1% 21%
2005 44.5% 24.9% 14% 28.3%
2004 45.6% 25.5% 14% 36%
2003 47.3% 27.6% 14.6% 37.5%
2002 47.4% 31.1% 17.6% 50.5%
2001 50.2% 35.1% 19% 37.1%
2000 56.2% 34.6% 19.6% 33.6%
1999 57.5% 56% 19.2% 32%
1998 54.4% 54.4% 18% 22.1%
1997 - - 18.1% 18%
1996 - - 16.9% 16.8%
1995 - - 15.7% 17.6%
1994 - - 14.5% 18.7%
1993 - - 12.9% 26.6%
1992 - - 13% 34.4%
1991 - - 11.4% 49.4%
1990 - - 10.5% 67%
1989 - - 11.8% 52.9%
1988 - - 9.75% 58.9%
1987 - - 10.1% 68.7%
1986 - - 9.25% 57.1%
1985 - - 11.4% 54.7%
1984 - - 13% 31%
1983 - - 13% 22.6%
1982 - - 13.2% 21.3%
1981 - - 13.3% 17.4%
1980 - - 11.6% 17.4%
1979 - - 11.7% 19.7%
1978 - - 11.9% 20.9%
1977 - - 11.2% 18.8%
1976 - - 9.8% 14.1%
1975 - - 10.5% 12.6%
1974 - - 9.44% 12.5%
1973 - - 11.2% 15.4%
1972 - - 12.5% 18.2%
1971 - - 12.3% 18.9%
1970 - - 13.3% 19.2%
1969 - - 14% -
1968 - - 13.5% -
1967 - - 12.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-07-08).

GeoRank.org/economy/bosnia-and-herzegovina/paraguay | CC BY

In 2025, Bosnia and Herzegovina's government spending was $14.6B, accounting for 44.9% of its GDP, while Paraguay spent $9.66B, or 19.6% of GDP.

Debt-to-GDP ratio is 29.9% in Bosnia and Herzegovina and 38.1% in Paraguay, ranking 156/185 and 138/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Paraguay
1x
Year Deficit/surplus, % of GDP
Bosnia Paraguay
2025 -2.41% -1.69%
2024 -1.96% -2.1%
2023 -1.67% -3.81%
2022 0.15% -2.65%
2021 -0.18% -3.39%
2020 -4.5% -5.72%
2019 1.37% -2.44%
2018 1.63% -1.01%
2017 1.79% -0.44%
2016 0.34% -0.37%
2015 -0.19% -0.44%
2014 -2.87% -0.27%
2013 -2.19% -1.16%
2012 -3.76% -0.58%
2011 -2.73% 1.29%
2010 -4.06% 1.54%
2009 -5.34% 0.59%
2008 -3.82% 2.29%
2007 0.17% 1.27%
2006 2.08% 0.91%
2005 0.74% 0.74%
2004 -0.18% 1.33%
2003 -0.44% -0.07%
2002 -2.99% -1.89%
2001 -3.44% 0.07%
2000 -4.63% -0.55%
1999 -2.78% 2.67%
1998 -0.98% 4.28%
1997 - 3%
1996 - 2.43%
1995 - 2.78%
1994 - 4.59%
1993 - 4.27%
1992 - 3.1%
1991 - 3.41%
1990 - 7.56%
1989 - 5.48%
1988 - 3.01%
1987 - 2.68%
1986 - 3.08%
1985 - 0.85%
1984 - -0.42%
1983 - 0.27%
1982 - 1.52%
1981 - 0.15%
1980 - 3.4%
1979 - 4.13%
1978 - -3.42%
1977 - -0.19%
1976 - -0.06%
1975 - -1.24%
1974 - 1.67%
1973 - -0.91%
1972 - -2.51%
1971 - -1.25%
1970 - -1.26%
1969 - -1.62%
1968 - -2.34%
1967 - -1.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-07-08).

GeoRank.org/economy/bosnia-and-herzegovina/paraguay | CC BY

In 2025, Bosnia and Herzegovina's government deficit, the difference between spending and revenue, was $784M, equivalent to 2.41% of GDP. This compares to Paraguay's deficit of $832M, or 1.69% of GDP.

Over the past 28 years, Bosnia and Herzegovina recorded a fiscal deficit in 20 of those years, while Paraguay ran a deficit in 17 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.53% of GDP, compared to deficit of 0.41% of GDP for Paraguay.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Paraguay
1x
Year Consumer prices inflation
Bosnia Paraguay
2025 4% 4.04%
2024 1.7% 3.84%
2023 6.1% 4.63%
2022 14% 9.77%
2021 2% 4.79%
2020 -1% 1.77%
2019 0.6% 2.76%
2018 1.4% 3.98%
2017 0.8% 3.6%
2016 -1.6% 4.09%
2015 -1% 3.13%
2014 -0.9% 5.03%
2013 -0.1% 2.68%
2012 2.1% 3.68%
2011 4% 8.25%
2010 2.1% 4.65%
2009 -0.4% 2.59%
2008 7.4% 10.2%
2007 1.5% 8.13%
2006 6.1% 9.59%
2005 3.6% 6.81%
2004 0.3% 4.32%
2003 0.5% 14.2%
2002 0.3% 10.5%
2001 3.2% 7.27%
2000 5% 8.98%
1999 2.8% 6.75%
1998 -0.3% 11.6%
1997 5.7% 6.95%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/bosnia-and-herzegovina/paraguay | CC BY

Over the past 29 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.41%, compared with 6.16% in Paraguay. In 2025, inflation was 4% in Bosnia and Herzegovina and 4.04% in Paraguay.

Top exports between countries

Bosnia
Export category Export value
Processed food, beverages & tobacco $884K
Textiles & consumer goods $14K
Machinery & equipment $10K
Paraguay
Export category Export value
Animal & marine products $8.98M
Raw agricultural goods $510K
Processed food, beverages & tobacco $403K

Balance of trade

Bosnia Paraguay
Current account balance
-$1.02B
2025
-$1.57B
2025
Current account balance ranking
117/190
2025
131/190
2025
Current account balance, % of GDP
-3.14%
2025
-3.18%
2025
Goods imports
$16.3B
2025
$17.5B
2025
Goods exports
$9.5B
2025
$15.4B
2025
Service imports
$1.42B
2025
$2.75B
2025
Service exports
$3.92B
2025
$3.72B
2025
Imports of goods and services, % of GDP
54.1%
2025
39.3%
2025
Exports of goods and services, % of GDP
41%
2025
37.2%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Bosnia Paraguay
Economic freedom 63.1 66.4
Economic freedom ranking 83/197 61/197
Property rights 46.9 44.2
Government integrity 36.8 27.3
Judicial effectiveness 36.1 38.4
Tax burden 93.9 95.9
Government spending 48.4 86.9
Fiscal health 96.2 83
Business freedom 65.1 72
Labor freedom 62.7 44.1
Monetary freedom 77.5 76.5
Trade freedom 69 78.4
Investment freedom 65 80
Financial freedom 60 70

Economic freedom comparison by year

Bosnia and Herzegovina
Paraguay
1x
Year Economic freedom index
Bosnia Paraguay
2026 63.1 66.4
2025 63.5 65.2
2024 62 60.1
2023 62.9 61
2022 63.4 62.9
2021 62.9 62.6
2020 62.6 63
2019 61.9 61.8
2018 61.4 62.1
2017 60.2 62.4
2016 58.6 61.5
2015 59 61.1
2014 58.4 62
2013 57.3 61.1
2012 57.3 61.8
2011 57.5 62.3
2010 56.2 61.3
2009 53.1 61
2008 53.9 60
2007 54.4 58.3
2006 55.6 55.6
2005 48.8 53.4
2004 44.7 56.7
2003 40.6 58.2
2002 37.4 59.6
2001 36.6 60.3
2000 45.1 64
1999 29.4 63.7
1998 29.4 65.2
1997 - 67.3
1996 - 67.1
1995 - 65.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/bosnia-and-herzegovina/paraguay | CC BY

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 66.4 for Paraguay, ranking 61/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Paraguay
Services, % of GDP
57.7%
2025
48.1%
2025
Industry, % of GDP
21.5%
2025
32.3%
2025
Agriculture, forestry, and fishing, % of GDP
4.36%
2025
11.6%
2025
GNI, Atlas method
$31.2B
2025
$47.4B
2025
GNI per capita, PPP
$25,810
2025
$19,390
2025
Total reserves including gold
$9.42B
2024
$9.57B
2024
Total reserves ranking
83/177
2024
82/177
2024
Net foreign direct investment
-$526M
2025
-$945M
2025
Net inflows of foreign direct investment
$1B
2024
$1.1B
2024
Net outflows of foreign direct investment
$119M
2024
$166M
2024
Servicing debt to the IMF, % of GNI
4.91%
2024
4.58%
2024
Poverty at national poverty lines
16.9%
2015
20.1%
2024
Gross capital formation, % of GDP
28.7%
2025
25.3%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/bosnia-and-herzegovina/paraguay | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.