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Denmark vs Paraguay: Economic Indicators Comparison

Denmark with a GDP of $355.7B ranked the 38th largest economy in the world, while Paraguay ranked 94th with $40.5B. By GDP 5-years average growth and GDP per capita, Denmark and Paraguay ranked 128th vs 50th and 12th vs 104th, respectively.

Gross Domestic Product & Income

StatDenmarkParaguay
GDP$355.7B$40.5B
GDP growth, 1 year1.2%3.7%
GDP growth, 5-years average2%4.2%
Population5.8M6.8M
GDP per capita$61k$5.8k
GDP per capita growth1.82%2.35%
Purchasing Power Parity conversion factor6.962453.78
Price level ratio of PPP conversion factor GDP to market exchange rate1.10.43
GDP per capita, PPP adjusted$52k$13k
GNI, Atlas method$348.6B$39.4B
GNI per capita$60k$5.7k
GNI, PPP adjusted$327.1B$91.9B
GNI per capita, PPP adjusted$56k$13k

Financial system and Human development

StatDenmarkParaguay
Income Tax Rate56%10%
Corporate Tax Rate23.5%10%
Inflation, consumer prices0.7%4%
Inflation, GDP deflator0.8%2.1%
Unemployment5%4.7%
Economic Freedom Index78.363
Personal Freedom Index9.497.3
Human Freedom Index8.737.02
Property Rights Index86.344.7
Judical Effectiveness Index84.626.4
Business Freedom Index88.760.9
Fiscal Health Index97.798
Labor Freedom Index86.229
Investment Freedom Index9075
Financial Freedom Index8060
Trade Freedom Index86.475.4
Monetary Freedom Index84.672.5
Government Spending Index19.788.6
Tax Burden Index4296.1
Government Integrity Index9329.6
Corruption Perceptions Index8829
Life expectancy at birth, years8174
Suicide mortality rate, per 100,000 people12.89.5
Mortality caused by road traffic injury, per 100,000 people422.7
Intentional homicides, per 100,000 people1.29.3
International tourism, number of arrivals12.7M1.2M

Government debt & reserves

StatDenmarkParaguay
Central government debt, % of GDP34.3%21.6%
External debt stocks, % of GNIN/A39.9%
External debt stocksN/A$15.8B
Short-term debt, % of total reservesN/A60%
Total debt service, % of exports and primary incomeN/A15.7%
Adjusted net savings including particulate emission damage, % of GNI18.3%14.5%
Gross savings, % of GDP28.7%23.2%
Gross capital formation, % of GDP23%22.4%
Total reserves including gold$70.9B$7.7B
Foreign direct investment net inflows$1.2B$386.9M

Exports, imports and economic structure

StatDenmarkParaguay
Exports of goods and services, % of GDP55.6%36%
Imports of goods and services, % of GDP49.6%34.4%
Current account balance (balance of payments)$24.8B$8.6M
Revenue excluding grants, % of GDP38.9%17.4%
Grants excluding technical cooperation, BoPN/A$64.1M
Personal remittances received$1.4B$682.9M
Industry including construction value added, % of GDP21.2%33.9%
Agriculture, forestry and fishing value added, % of GDP1%10.4%
Charges for the use of intellectual property, payments BoP$1.6B$18.5M
Charges for the use of intellectual property, receipts BoP$3.3B$114.1M
Expense, % of GDP37.6%15.6%
Government Expenditure, % of GDP51.7%19.5%

Compare with countries close by GDP per capita

Denmark vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
614k
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
Singapore
$65k
5.89M
United States
$63k
325M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k

Paraguay vs

CountryGDP
per capita
Population
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
15.5M
Tonga
$4.4k
105k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
190k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M