The Cayman Islands vs Paraguay: Economic Indicators Comparison
Paraguay with a GDP of $40.5B ranked the 94th largest economy in the world, while the Cayman Islands ranked 158th with $5.1B. By GDP per capita, Paraguay and the Cayman Islands ranked 104th vs 6th, respectively.
Gross Domestic Product & Income
| Stat |  Cayman Islands |  Paraguay |
|---|---|---|
| GDP | $5.1B | $40.5B |
| GDP growth, 1 year | 3.04% | 3.7% |
| GDP growth, 5-years average | N/A | 4.2% |
| Population | 58k | 6.8M |
| GDP per capita | $81k | $5.8k |
| GDP per capita growth | 1.72% | 2.35% |
| Purchasing Power Parity conversion factor | 0.93 | 2453.78 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 1.12 | 0.43 |
| GDP per capita, PPP adjusted | $73k | $13k |
| GNI, Atlas method | $3B | $39.4B |
| GNI per capita | $47k | $5.7k |
| GNI, PPP adjusted | $2.8B | $91.9B |
| GNI per capita, PPP adjusted | $44k | $13k |
Financial system and Human development
| Stat | Cayman Islands | Paraguay |
|---|---|---|
| Income Tax Rate | N/A | 10% |
| Corporate Tax Rate | N/A | 10% |
| Inflation, consumer prices | -0.6% | 4% |
| Inflation, GDP deflator | 1.9% | 2.1% |
| Unemployment | 4.2% | 4.7% |
| Economic Freedom Index | 74 | 63 |
| Personal Freedom Index | 8.1 | 7.3 |
| Human Freedom Index | 8.1 | 7.02 |
| Property Rights Index | N/A | 44.7 |
| Judical Effectiveness Index | N/A | 26.4 |
| Business Freedom Index | N/A | 60.9 |
| Fiscal Health Index | N/A | 98 |
| Labor Freedom Index | N/A | 29 |
| Investment Freedom Index | N/A | 75 |
| Financial Freedom Index | N/A | 60 |
| Trade Freedom Index | N/A | 75.4 |
| Monetary Freedom Index | N/A | 72.5 |
| Government Spending Index | N/A | 88.6 |
| Tax Burden Index | N/A | 96.1 |
| Government Integrity Index | N/A | 29.6 |
| Corruption Perceptions Index | 76 | 29 |
| Life expectancy at birth, years | 82.2 | 74 |
| Suicide mortality rate, per 100,000 people | 0.5 | 9.5 |
| Mortality caused by road traffic injury, per 100,000 people | 14 | 22.7 |
| Intentional homicides, per 100,000 people | 8.5 | 9.3 |
| International tourism, number of arrivals | 463k | 1.2M |
Government debt & reserves
| Stat | Cayman Islands | Paraguay |
|---|---|---|
| Central government debt, % of GDP | N/A | 21.6% |
| External debt stocks, % of GNI | N/A | 39.9% |
| External debt stocks | N/A | $15.8B |
| Short-term debt, % of total reserves | N/A | 60% |
| Total debt service, % of exports and primary income | N/A | 15.7% |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | 14.5% |
| Gross savings, % of GDP | N/A | 23.2% |
| Gross capital formation, % of GDP | N/A | 22.4% |
| Total reserves including gold | $162.1M | $7.7B |
| Foreign direct investment net inflows | $57.4B | $386.9M |
Exports, imports and economic structure
| Stat | Cayman Islands | Paraguay |
|---|---|---|
| Exports of goods and services, % of GDP | N/A | 36% |
| Imports of goods and services, % of GDP | N/A | 34.4% |
| Current account balance (balance of payments) | -$997.9M | $8.6M |
| Revenue excluding grants, % of GDP | N/A | 17.4% |
| Grants excluding technical cooperation, BoP | $0 | $64.1M |
| Personal remittances received | $15.6M | $682.9M |
| Industry including construction value added, % of GDP | 7.2% | 33.9% |
| Agriculture, forestry and fishing value added, % of GDP | 0.4% | 10.4% |
| Charges for the use of intellectual property, payments BoP | $68M | $18.5M |
| Charges for the use of intellectual property, receipts BoP | $9.3M | $114.1M |
| Expense, % of GDP | N/A | 15.6% |
| Government Expenditure, % of GDP | N/A | 19.5% |
