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Economy of Burundi vs Paraguay compared: GDP & Debt

Updated on by Georank team

Burundi has a GDP of $3.08B compared to $44.5B for Paraguay, ranking 169/197 and 98/197 by economy size, respectively.

Burundi has $1.6B in government debt (52% of GDP), compared to $19.9B (44.8% of GDP) in Paraguay.

Burundi vs Paraguay GDP by year

Burundi
Paraguay
1x
Year GDP, current $
Burundi Paraguay
2024 $3,082,433,067 $44,458,118,397
2023 $3,430,949,250 $43,118,053,175
2022 $4,036,192,553 $41,952,910,858
2021 $3,435,598,073 $39,950,899,939
2020 $3,227,847,281 $35,432,178,068
2019 $2,871,555,326 $37,925,338,329
2018 $2,913,411,408 $40,225,448,341
2017 $2,831,362,208 $38,997,129,474
2016 $2,618,093,125 $36,089,700,223
2015 $2,810,532,912 $36,211,447,840
2014 $2,705,826,648 $40,377,929,296
2013 $2,451,624,638 $38,501,122,141
2012 $2,327,402,363 $33,271,921,136
2011 $2,235,812,880 $33,756,238,766
2010 $2,032,135,192 $27,260,886,405
2009 $1,775,495,032 $22,355,151,162
2008 $1,611,835,857 $24,615,267,664
2007 $1,356,199,387 $17,856,393,235
2006 $1,273,375,078 $13,429,430,050
2005 $1,117,113,080 $10,737,500,188
2004 $915,257,323 $9,624,440,836
2003 $784,654,424 $7,691,367,471
2002 $825,394,519 $7,196,260,657
2001 $876,794,723 $8,495,806,432
2000 $870,486,066 $8,855,705,140
1999 $808,077,223 $8,837,070,236
1998 $893,770,740 $9,260,481,572
1997 $972,896,268 $9,965,225,678
1996 $869,033,856 $9,788,391,781
1995 $1,000,428,394 $9,062,131,475
1994 $925,030,590 $7,870,982,005
1993 $938,632,612 $7,249,533,620
1992 $1,083,037,671 $7,157,424,031
1991 $1,167,398,478 $6,984,367,763
1990 $1,132,101,253 $5,812,114,523
1989 $1,113,924,130 $4,757,732,200
1988 $1,082,403,219 $4,255,683,528
1987 $1,131,466,494 $3,971,044,724
1986 $1,201,725,497 $3,723,993,943
1985 $1,149,979,286 $3,282,449,236
1984 $987,143,931 $4,502,462,807
1983 $1,082,926,304 $5,673,248,726
1982 $1,013,222,222 $5,419,411,765
1981 $969,046,667 $5,624,515,873
1980 $919,726,667 $4,448,087,302
1979 $782,496,667 $3,416,777,778
1978 $610,225,556 $2,559,857,143
1977 $547,535,556 $2,092,158,730
1976 $448,412,754 $1,698,960,317
1975 $420,986,667 $1,511,420,635
1974 $345,263,492 $1,333,475,397
1973 $304,339,524 $995,531,746
1972 $246,804,571 $769,039,683
1971 $252,842,286 $664,571,429
1970 $242,732,571 $594,611,111
1969 $190,205,714 $556,293,651
1968 $183,200,000 $517,650,794
1967 $178,297,143 $492,674,603
1966 $165,444,571 $465,888,889
1965 $158,994,963 $443,587,302
1964 $260,750,008 $408,349,206
1963 $232,749,998 $383,904,762
1962 $213,500,006 $360,698,413
1961 $202,999,992 $322,053,713
1960 $195,999,990 $288,884,368

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/burundi/paraguay | CC BY

GDP per capita in Burundi vs Paraguay by year

Burundi
GDP per capita

GDP per capita, PPP
Paraguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burundi Paraguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $219.4 $1,195 $6,416 $18,524
2023 $250.6 $1,150 $6,300 $17,564
2022 $303 $1,105 $6,206 $16,347
2021 $265 $1,036 $5,977 $15,406
2020 $255.8 $958 $5,365 $14,309
2019 $234.3 $868 $5,821 $14,150
2018 $245.7 $823 $6,258 $14,139
2017 $246.1 $791 $6,152 $13,977
2016 $232.9 $764 $5,775 $13,329
2015 $254.4 $722 $5,879 $12,679
2014 $250.5 $724 $6,652 $12,607
2013 $234.8 $687 $6,436 $12,137
2012 $231.1 $637 $5,642 $10,954
2011 $230.1 $629 $5,805 $11,442
2010 $216.7 $614 $4,751 $10,893
2009 $198.4 $605 $3,942 $9,802
2008 $189.5 $609 $4,385 $9,867
2007 $166.2 $594 $3,212 $9,179
2006 $161.9 $580 $2,439 $8,561
2005 $147.2 $553 $1,971 $8,007
2004 $125.2 $552 $1,786 $7,686
2003 $111.4 $532 $1,444 $7,276
2002 $121 $545 $1,368 $6,924
2001 $132.2 $528 $1,638 $6,916
2000 $134.5 $519 $1,736 $6,937
1999 $127.5 $523 $1,766 $7,080
1998 $144.5 $533 $1,890 $7,227
1997 $160.3 $513 $2,079 $7,299
1996 $143.2 $513 $2,088 $7,040
1995 $164.9 $548 $1,979 $6,966
1994 $161.9 $619 $1,760 $6,542
1993 $165.3 $634 $1,662 $6,234
1992 $184.9 $640 $1,683 $5,952
1991 $204.7 $636 $1,685 $5,873
1990 $202.6 $598 $1,440 $5,637
1989 $203.6 - $1,211 -
1988 $201.7 - $1,114 -
1987 $215.6 - $1,069 -
1986 $234.3 - $1,031 -
1985 $228.4 - $935 -
1984 $200.4 - $1,319 -
1983 $225.2 - $1,710 -
1982 $216.4 - $1,680 -
1981 $212.2 - $1,793 -
1980 $209.8 - $1,457 -
1979 $186.2 - $1,149 -
1978 $148.8 - $883 -
1977 $137.4 - $740 -
1976 $115.5 - $616 -
1975 $110.9 - $562 -
1974 $93.2 - $508 -
1973 $84.3 - $389 -
1972 $68.2 - $308 -
1971 $69.9 - $272.1 -
1970 $68.8 - $249 -
1969 $55.1 - $238.2 -
1968 $54.2 - $226.8 -
1967 $54 - $220.9 -
1966 $51.4 - $213.9 -
1965 $50.6 - $208.7 -
1964 $85.3 - $197 -
1963 $78.4 - $189.9 -
1962 $73.4 - $182.8 -
1961 $71.6 - $167.1 -
1960 $70.9 - $153.4 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/burundi/paraguay | CC BY

Burundi's GDP per capita is $219.4, ranking 197/197, compared to $6,416 in Paraguay, ranking 109/197. Adjusted for purchasing power (GDP per capita PPP), Burundi ranks 196th at $1,195, while Paraguay ranks 102nd at $18,524.

Economic indicators

Burundi Paraguay
Gross domestic product
$3.08B
2024
$44.5B
2024
GDP rank
169/197
2024
98/197
2024
GDP growth
4.11%
2023-2024
4.25%
2023-2024
GDP per capita
$219.4
2024
$6,416
2024
GDP per capita rank
197/197
2024
109/197
2024
GDP per capita, PPP
$1,195
2024
$18,524
2024
GDP per capita PPP rank
196/197
2024
102/197
2024
Government debt
$1.6B
2024
$19.9B
2024
Debt-to-GDP ratio
52%
2024
44.8%
2024
Government debt per person
$114.1
2024
$2,872
2024
Government debt per person rank
184/185
2024
103/185
2024
Average annual personal income after taxes
$1,228
2026
$6,136
2026
Market capitalization of domestic companies n/a
$313M
1999
Income share by richest 10%
29.9%
2020
35%
2024
Income share by poorest 10%
2.9%
2020
2%
2024
Government expenditure, % of GDP
22.3%
2024
21%
2024
Consumer prices inflation
20.2%
2023-2024
3.84%
2023-2024
Central bank interest rate n/a
6%
2024
Unemployment rate
1.03%
2020
5.69%
2024
Population
14833763
7120169

Spending and national debt comparison by year

Burundi
Spending

Debt
Paraguay
Spending

Debt
1x
Year % of GDP
Burundi Paraguay
Government spending Government debt Government spending Government debt
2024 22.3% 52% 21% 44.8%
2023 28.4% 58.1% 21.5% 41.1%
2022 33.5% 68.5% 20.2% 40.5%
2021 28.4% 66.5% 20.4% 37.5%
2020 29.2% 65.9% 22.6% 36.9%
2019 28.8% 60.1% 20.1% 25.8%
2018 26% 53% 18.5% 22.3%
2017 24.1% 46.9% 18.1% 19.8%
2016 22.6% 46.1% 17.7% 19.4%
2015 23.2% 39.9% 18% 18.6%
2014 28.5% 38% 17.1% 15.6%
2013 34.8% 37.9% 17.1% 13.5%
2012 37.5% 41.4% 17.6% 12.3%
2011 42.2% 42.7% 14.7% 11.1%
2010 40.8% 46.9% 13.3% 13%
2009 38% 25.7% 14.3% 14.9%
2008 41.2% 102.5% 11.8% 16%
2007 39% 129.6% 13.1% 16.8%
2006 36.5% 130.3% 14.1% 21%
2005 33.1% 137% 14% 28.3%
2004 39.2% 166.1% 14% 36%
2003 33.9% 159.9% 14.6% 37.5%
2002 21.9% 144.8% 17.6% 50.5%
2001 22.7% 113.6% 19% 37.1%
2000 21.7% 120% 19.6% 33.6%
1999 20.5% 140.6% 19.2% 32%
1998 19.9% 138.9% 18% 22.1%
1997 18.8% 122.8% 18.1% 18%
1996 24.4% 139.4% 16.9% 16.8%
1995 22.1% 117.1% 15.7% 17.6%
1994 19.4% 119.6% 14.5% 18.7%
1993 24% 112% 12.9% 26.6%
1992 26.1% 93.5% 13% 34.4%
1991 19.2% - 11.4% 49.4%
1990 17.4% - 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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1999, retrieved 2026-02-20).

GeoRank.org/economy/burundi/paraguay | CC BY

In 2024, Burundi's government spending was $689M, accounting for 22.3% of its GDP, while Paraguay spent $9.33B, or 21% of GDP.

Debt-to-GDP ratio is 52% in Burundi and 44.8% in Paraguay, ranking 101/185 and 120/185, respectively.

Government deficit by year

Deficit/surplus
Burundi

Paraguay
1x
Year Deficit/surplus, % of GDP
Burundi Paraguay
2024 -4.84% -2.12%
2023 -7.7% -3.81%
2022 -10.7% -2.64%
2021 -4.6% -3.39%
2020 -6.58% -5.72%
2019 -6.4% -2.44%
2018 -6.66% -1.01%
2017 -5.01% -0.44%
2016 -7.11% -0.37%
2015 -7.56% -0.44%
2014 -3.93% -0.27%
2013 -1.9% -1.16%
2012 -3.79% -0.58%
2011 -3.49% 1.29%
2010 -3.64% 1.54%
2009 -5.14% 0.59%
2008 -2.7% 2.29%
2007 -2.51% 1.27%
2006 -9.92% 0.91%
2005 -10.6% 0.74%
2004 -14.9% 1.33%
2003 -13.7% -0.07%
2002 -4.9% -1.89%
2001 -7.78% 0.07%
2000 -5.66% -0.55%
1999 -5.33% 2.67%
1998 -4.43% 4.28%
1997 -4.48% 3%
1996 -8.61% 2.43%
1995 -3.72% 2.78%
1994 -1.76% 4.59%
1993 -1.22% 4.27%
1992 -4.16% 3.1%
1991 4.14% 3.41%
1990 8.14% 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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-02-20).

GeoRank.org/economy/burundi/paraguay | CC BY

In 2024, Burundi's government deficit, the difference between spending and revenue, was $149M, equivalent to 4.84% of GDP. This compares to Paraguay's deficit of $942M, or 2.12% of GDP.

Over the past 35 years, Burundi recorded a fiscal deficit in 33 of those years, while Paraguay ran a deficit in 16 years. On average, Burundi posted an annual deficit equal to 5.23% of GDP, compared to surplus of 0.61% of GDP for Paraguay.

Inflation comparison by year

Inflation
Burundi

Paraguay
1x
Year Consumer prices inflation
Burundi Paraguay
2024 20.2% 3.84%
2023 26.9% 4.63%
2022 18.8% 9.77%
2021 8.4% 4.79%
2020 7.32% 1.77%
2019 -0.69% 2.76%
2018 -2.81% 3.98%
2017 16.1% 3.6%
2016 5.56% 4.09%
2015 5.54% 3.13%
2014 4.41% 5.03%
2013 7.94% 2.68%
2012 18.2% 3.68%
2011 9.59% 8.25%
2010 6.49% 4.65%
2009 10.6% 2.59%
2008 24.4% 10.2%
2007 8.41% 8.13%
2006 2.75% 9.59%
2005 13.3% 6.81%
2004 8.18% 4.32%
2003 10.6% 14.2%
2002 -1.37% 10.5%
2001 9.3% 7.27%
2000 24.4% 8.98%
1999 3.39% 6.75%
1998 12.5% 11.6%
1997 31.1% 6.95%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/burundi/paraguay | CC BY

Over the past 28 years, Burundi has recorded an average annual inflation rate of 11.1%, compared with 6.23% in Paraguay. In 2024, inflation was 20.2% in Burundi and 3.84% in Paraguay.

Balance of trade

Burundi Paraguay
Current account balance
-$475M
2024
-$1.53B
2024
Current account balance ranking
105/190
2024
133/190
2024
Current account balance, % of GDP
-15.4%
2024
-3.44%
2024
Goods imports
$959M
2024
$15.8B
2024
Goods exports
$230M
2024
$14.9B
2024
Service imports
$361M
2024
$2.54B
2024
Service exports
$121M
2024
$2.65B
2024
Imports of goods and services, % of GDP
24.4%
2023
39.6%
2024
Exports of goods and services, % of GDP
5.29%
2023
37.2%
2024

Economic freedom indices

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

Burundi Paraguay
Economic freedom 40.2 66.4
Economic freedom ranking 187/197 61/197
Property rights 27.2 44.2
Government integrity 15.5 27.3
Judicial effectiveness 7.5 38.4
Tax burden 76.1 95.9
Government spending 76.3 86.9
Fiscal health 14.6 83
Business freedom 27.2 72
Labor freedom 49.9 44.1
Monetary freedom 55.5 76.5
Trade freedom 52.2 78.4
Investment freedom 50 80
Financial freedom 30 70

Economic freedom comparison by year

Burundi
Paraguay
1x
Year Economic freedom index
Burundi Paraguay
2026 40.2 66.4
2025 39.7 65.2
2024 38.4 60.1
2023 41.9 61
2022 39.4 62.9
2021 49.9 62.6
2020 49 63
2019 48.9 61.8
2018 50.9 62.1
2017 53.2 62.4
2016 53.9 61.5
2015 53.7 61.1
2014 51.4 62
2013 49 61.1
2012 48.1 61.8
2011 49.6 62.3
2010 47.5 61.3
2009 48.8 61
2008 46.2 60
2007 46.9 58.3
2006 48.7 55.6
2005 - 53.4
2004 - 56.7
2003 - 58.2
2002 - 59.6
2001 - 60.3
2000 42.6 64
1999 41.1 63.7
1998 44.7 65.2
1997 45.4 67.3
1996 - 67.1
1995 - 65.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/burundi/paraguay | CC BY

The Economic Freedom Index for Burundi is 40.2, ranking 187/197, 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

Burundi Paraguay
Services, % of GDP
43.2%
2024
48.7%
2024
Industry, % of GDP
17.7%
2024
32.5%
2024
Agriculture, forestry, and fishing, % of GDP
34.9%
2024
10.7%
2024
GNI, Atlas method
$3.61B
2024
$43.7B
2024
GNI per capita, PPP
$1,200
2024
$17,930
2024
Total reserves including gold
$90.3M
2023
$9.89B
2023
Total reserves ranking
174/177
2023
76/177
2023
Net foreign direct investment
-$24.8M
2024
-$335M
2024
Net inflows of foreign direct investment
$33.3M
2024
$1.1B
2024
Net outflows of foreign direct investment
$8.51M
2024
$166M
2024
Servicing debt to the IMF, % of GNI
1.16%
2024
4.58%
2024
Poverty at national poverty lines
51%
2020
20.1%
2024
Gross capital formation, % of GDP
10%
2023
22.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/burundi/paraguay | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1967–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.