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Economy of Czech Republic vs Paraguay compared: GDP & Debt

Updated on by Georank

The Czech Republic has a GDP of $391B compared to $49.3B for Paraguay, ranking 42/197 and 97/197 by economy size, respectively.

The Czech Republic has $174B in government debt (44.6% of GDP), compared to $18.8B (38.1% of GDP) in Paraguay.

Czech Republic vs Paraguay GDP by year

Czech Republic
Paraguay
1x
Year GDP, current $
Czech Republic Paraguay
2025 $391,026,962,800 $49,278,227,554
2024 $347,082,562,221 $44,738,819,362
2023 $345,059,295,660 $43,140,465,596
2022 $301,831,228,326 $41,841,201,627
2021 $290,972,714,482 $39,937,357,256
2020 $251,109,660,603 $35,432,178,068
2019 $256,794,209,029 $37,925,338,329
2018 $251,992,360,762 $40,225,448,341
2017 $221,563,575,696 $38,997,129,474
2016 $198,160,659,304 $36,089,700,223
2015 $189,107,698,562 $36,211,447,840
2014 $210,911,285,078 $40,377,929,296
2013 $213,024,360,541 $38,501,122,141
2012 $210,363,223,088 $33,271,921,136
2011 $231,429,378,717 $33,756,238,767
2010 $211,168,667,286 $27,260,886,405
2009 $206,971,882,705 $22,355,151,162
2008 $236,506,264,754 $24,615,267,664
2007 $190,040,702,287 $17,856,393,235
2006 $156,236,258,387 $13,429,430,050
2005 $137,264,185,596 $10,737,500,188
2004 $120,147,899,984 $9,624,440,836
2003 $100,435,924,705 $7,691,367,471
2002 $82,607,869,610 $7,196,260,657
2001 $68,135,304,464 $8,495,806,432
2000 $62,175,642,238 $8,855,705,140
1999 $65,586,562,605 $8,837,070,236
1998 $67,187,217,328 $9,260,481,572
1997 $62,539,765,163 $9,965,225,678
1996 $67,804,105,330 $9,788,391,781
1995 $60,572,381,311 $9,062,131,475
1994 $48,188,478,339 $7,870,982,005
1993 $41,155,654,032 $7,249,533,620
1992 $35,051,065,440 $7,157,424,031
1991 $30,071,014,282 $6,984,367,763
1990 $41,016,881,802 $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/czech-republic/paraguay | CC BY

GDP per capita in Czech Republic vs Paraguay by year

Czech Republic
GDP per capita

GDP per capita, PPP
Paraguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Paraguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $35,917 - $7,027 -
2024 $31,828 $57,285 $6,457 $18,524
2023 $31,762 $55,761 $6,303 $17,564
2022 $28,282 $52,947 $6,189 $16,347
2021 $27,696 $47,796 $5,975 $15,406
2020 $23,473 $44,839 $5,365 $14,309
2019 $24,063 $45,614 $5,821 $14,150
2018 $23,706 $41,638 $6,258 $14,139
2017 $20,913 $39,346 $6,152 $13,977
2016 $18,754 $36,445 $5,775 $13,329
2015 $17,932 $34,093 $5,879 $12,679
2014 $20,038 $32,743 $6,652 $12,607
2013 $20,260 $31,013 $6,436 $12,137
2012 $20,014 $29,466 $5,642 $10,954
2011 $22,049 $29,237 $5,805 $11,442
2010 $20,160 $28,154 $4,751 $10,893
2009 $19,817 $27,713 $3,942 $9,802
2008 $22,775 $27,938 $4,385 $9,867
2007 $18,453 $26,268 $3,212 $9,179
2006 $15,259 $23,914 $2,439 $8,561
2005 $13,442 $22,115 $1,971 $8,007
2004 $11,783 $20,988 $1,786 $7,686
2003 $9,852 $19,604 $1,444 $7,276
2002 $8,101 $18,344 $1,368 $6,924
2001 $6,669 $17,709 $1,638 $6,916
2000 $6,063 $16,332 $1,736 $6,937
1999 $6,378 $15,494 $1,766 $7,080
1998 $6,527 $15,064 $1,890 $7,227
1997 $6,069 $14,911 $2,079 $7,299
1996 $6,573 $14,781 $2,088 $7,040
1995 $5,865 $13,957 $1,979 $6,966
1994 $4,663 $12,862 $1,760 $6,542
1993 $3,984 $12,242 $1,662 $6,234
1992 $3,397 $11,963 $1,683 $5,952
1991 $2,917 $11,768 $1,685 $5,873
1990 $3,969 $12,848 $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/czech-republic/paraguay | CC BY

The Czech Republic's GDP per capita is $35,917, ranking 35/197, compared to $7,027 in Paraguay, ranking 105/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Paraguay ranks 102nd at $18,524.

Economic indicators

Czech Republic Paraguay
Gross domestic product
$391B
2025
$49.3B
2025
GDP rank
42/197
2025
97/197
2025
GDP growth
2.58%
2024-2025
6.64%
2024-2025
GDP per capita
$35,917
2025
$7,027
2025
GDP per capita rank
35/197
2025
105/197
2025
GDP per capita, PPP
$57,285
2024
$18,524
2024
GDP per capita PPP rank
35/197
2024
102/197
2024
Government debt
$174B
2025
$18.8B
2025
Debt-to-GDP ratio
44.6%
2025
38.1%
2025
Government debt per person
$16,026
2025
$2,679
2025
Government debt per person rank
42/185
2025
111/185
2025
Average annual personal income after taxes
$22,312
2026
$6,874
2026
Market capitalization of domestic companies
$55.4B
2025
$313M
1999
Number of billionaires
11
2026
n/a
Income share by richest 10%
21.5%
2023
35%
2024
Income share by poorest 10%
3.8%
2023
2%
2024
Government expenditure, % of GDP
43.5%
2025
19.6%
2025
Consumer prices inflation
2.46%
2024-2025
4.04%
2024-2025
Central bank interest rate
3.5%
2025
5.75%
2026
Unemployment rate
2.8%
2025
4.63%
2025
Population
10742283
7138671

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Paraguay
Spending

Debt
1x
Year % of GDP
Czech Republic Paraguay
Government spending Government debt Government spending Government debt
2025 43.5% 44.6% 19.6% 38.1%
2024 42.9% 43.3% 20.9% 44.6%
2023 43.7% 42.2% 21.5% 41%
2022 43% 42.5% 20.2% 40.6%
2021 45% 40.7% 20.5% 37.5%
2020 46.3% 36.9% 22.6% 36.9%
2019 40.4% 29.6% 20.1% 25.8%
2018 40.1% 31.7% 18.5% 22.3%
2017 38.5% 33.8% 18.1% 19.8%
2016 39.4% 36.2% 17.7% 19.4%
2015 41.7% 39.5% 18% 18.6%
2014 42.3% 41.5% 17.1% 15.6%
2013 42.4% 44.1% 17.1% 13.5%
2012 44.4% 43.8% 17.6% 12.3%
2011 42.8% 39.4% 14.7% 11.1%
2010 43.2% 36.7% 13.3% 13%
2009 44.5% 33.4% 14.3% 14.9%
2008 40.9% 28.2% 11.8% 16%
2007 40.5% 27.3% 13.1% 16.8%
2006 41.5% 27.6% 14.1% 21%
2005 42.3% 27.7% 14% 28.3%
2004 42.2% 28.3% 14% 36%
2003 49% 28.1% 14.6% 37.5%
2002 44.4% 25.7% 17.6% 50.5%
2001 43.1% 22.6% 19% 37.1%
2000 40.6% 16.9% 19.6% 33.6%
1999 40.9% 15.1% 19.2% 32%
1998 41.6% 13.9% 18% 22.1%
1997 41.3% 12.1% 18.1% 18%
1996 41.4% 11.5% 16.9% 16.8%
1995 52.8% 13.5% 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/czech-republic/paraguay | CC BY

In 2025, the Czech Republic's government spending was $170B, accounting for 43.5% of its GDP, while Paraguay spent $9.66B, or 19.6% of GDP.

Debt-to-GDP ratio is 44.6% in the Czech Republic and 38.1% in Paraguay, ranking 119/185 and 138/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Paraguay
1x
Year Deficit/surplus, % of GDP
Czech Republic Paraguay
2025 -2.03% -1.69%
2024 -2.03% -2.1%
2023 -3.73% -3.81%
2022 -3.07% -2.65%
2021 -4.95% -3.39%
2020 -5.65% -5.72%
2019 0.28% -2.44%
2018 0.88% -1.01%
2017 1.46% -0.44%
2016 0.68% -0.37%
2015 -0.67% -0.44%
2014 -2.09% -0.27%
2013 -1.3% -1.16%
2012 -3.92% -0.58%
2011 -2.71% 1.29%
2010 -4.14% 1.54%
2009 -5.46% 0.59%
2008 -2% 2.29%
2007 -0.68% 1.27%
2006 -2.19% 0.91%
2005 -3.06% 0.74%
2004 -2.4% 1.33%
2003 -6.87% -0.07%
2002 -6.34% -1.89%
2001 -5.76% 0.07%
2000 -3.55% -0.55%
1999 -3.08% 2.67%
1998 -4.14% 4.28%
1997 -3.14% 3%
1996 -2.98% 2.43%
1995 -12.3% 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/czech-republic/paraguay | CC BY

In 2025, the Czech Republic's government deficit, the difference between spending and revenue, was $7.92B, equivalent to 2.03% of GDP. This compares to Paraguay's deficit of $832M, or 1.69% of GDP.

Over the past 31 years, the Czech Republic recorded a fiscal deficit in 27 of those years, while Paraguay ran a deficit in 17 years. On average, the Czech Republic posted an annual deficit equal to 3.13% of GDP, compared to deficit of 0.11% of GDP for Paraguay.

Inflation comparison by year

Inflation
Czech Republic

Paraguay
1x
Year Consumer prices inflation
Czech Republic Paraguay
2025 2.46% 4.04%
2024 2.44% 3.84%
2023 10.7% 4.63%
2022 15.1% 9.77%
2021 3.84% 4.79%
2020 3.16% 1.77%
2019 2.85% 2.76%
2018 2.15% 3.98%
2017 2.45% 3.6%
2016 0.68% 4.09%
2015 0.31% 3.13%
2014 0.34% 5.03%
2013 1.44% 2.68%
2012 3.29% 3.68%
2011 1.92% 8.25%
2010 1.47% 4.65%
2009 1.02% 2.59%
2008 6.36% 10.2%
2007 2.85% 8.13%
2006 2.53% 9.59%
2005 1.86% 6.81%
2004 2.76% 4.32%
2003 0.12% 14.2%
2002 1.9% 10.5%
2001 4.66% 7.27%
2000 3.78% 8.98%
1999 2.14% 6.75%
1998 10.7% 11.6%
1997 8.6% 6.95%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/czech-republic/paraguay | CC BY

Over the past 29 years, the Czech Republic has recorded an average annual inflation rate of 3.58%, compared with 6.16% in Paraguay. In 2025, inflation was 2.46% in the Czech Republic and 4.04% in Paraguay.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $8.02M
Chemicals & pharma $1.55M
Raw materials & minerals $989K
Textiles & consumer goods $623K
Weapons & explosives $492K
Metals $260K
Processed food, beverages & tobacco $27K
Precious metals & jewellery $4K
Miscellaneous $3K
Wood & paper products $3K
Paraguay
Export category Export value
Raw agricultural goods $604K
Animal & marine products $437K
Chemicals & pharma $34K
Metals $28K
Processed food, beverages & tobacco $19K
Machinery & equipment $6K

Balance of trade

Czech Republic Paraguay
Current account balance
$2.44B
2025
-$1.57B
2025
Current account balance ranking
41/190
2025
131/190
2025
Current account balance, % of GDP
+0.62%
2025
-3.18%
2025
Goods imports
$197B
2025
$17.5B
2025
Goods exports
$215B
2025
$15.4B
2025
Service imports
$42.9B
2025
$2.75B
2025
Service exports
$47.5B
2025
$3.72B
2025
Imports of goods and services, % of GDP
61.1%
2025
39.3%
2025
Exports of goods and services, % of GDP
66.9%
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.

Czech Republic Paraguay
Economic freedom 73.2 66.4
Economic freedom ranking 25/197 61/197
Property rights 89.8 44.2
Government integrity 64.7 27.3
Judicial effectiveness 92.1 38.4
Tax burden 78.8 95.9
Government spending 44.2 86.9
Fiscal health 82.5 83
Business freedom 76.8 72
Labor freedom 55.1 44.1
Monetary freedom 75 76.5
Trade freedom 79.4 78.4
Investment freedom 70 80
Financial freedom 70 70

Economic freedom comparison by year

Czech Republic
Paraguay
1x
Year Economic freedom index
Czech Republic Paraguay
2026 73.2 66.4
2025 72.9 65.2
2024 70.2 60.1
2023 71.9 61
2022 74.4 62.9
2021 73.8 62.6
2020 74.8 63
2019 73.7 61.8
2018 74.2 62.1
2017 73.3 62.4
2016 73.2 61.5
2015 72.5 61.1
2014 72.2 62
2013 70.9 61.1
2012 69.9 61.8
2011 70.4 62.3
2010 69.8 61.3
2009 69.4 61
2008 68.1 60
2007 67.4 58.3
2006 66.4 55.6
2005 64.6 53.4
2004 67 56.7
2003 67.5 58.2
2002 66.5 59.6
2001 70.2 60.3
2000 68.6 64
1999 69.7 63.7
1998 68.4 65.2
1997 68.8 67.3
1996 68.1 67.1
1995 67.8 65.9

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

GeoRank.org/economy/czech-republic/paraguay | CC BY

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, 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

Czech Republic Paraguay
Services, % of GDP
60.8%
2025
48.1%
2025
Industry, % of GDP
28.7%
2025
32.3%
2025
Agriculture, forestry, and fishing, % of GDP
1.95%
2025
11.6%
2025
GNI, Atlas method
$359B
2025
$47.4B
2025
GNI per capita, PPP
$57,870
2025
$19,390
2025
Total reserves including gold
$176B
2025
$9.57B
2024
Total reserves ranking
21/177
2025
82/177
2024
Net foreign direct investment
-$1.88B
2025
-$945M
2025
Net inflows of foreign direct investment
$13.5B
2024
$1.1B
2024
Net outflows of foreign direct investment
$12.9B
2024
$166M
2024
Servicing debt to the IMF, % of GNI n/a
4.58%
2024
Poverty at national poverty lines
10.2%
2021
20.1%
2024
Gross capital formation, % of GDP
26.8%
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/czech-republic/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 (2023–2025, 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.