Dominica vs Paraguay: Economic Indicators Comparison

Paraguay with a GDP of $40.5B ranked the 94th largest economy in the world, while Dominica ranked 189th with $550.9M. By GDP 5-years average growth and GDP per capita, Paraguay and Dominica ranked 50th vs 177th and 104th vs 87th, respectively.

Gross Domestic Product & Income

StatDominicaParaguay
GDP$550.9M$40.5B
GDP growth, 1 year-12%3.7%
GDP growth, 5-years average-2.8%4.2%
Population74k6.8M
GDP per capita$7.7k$5.8k
GDP per capita growth2.03%2.35%
Purchasing Power Parity conversion factor1.872453.78
Price level ratio of PPP conversion factor GDP to market exchange rate0.690.43
GDP per capita, PPP adjusted$9.9k$13k
GNI, Atlas method$508.1M$39.4B
GNI per capita$7.1k$5.7k
GNI, PPP adjusted$735.4M$91.9B
GNI per capita, PPP adjusted$10k$13k

Financial system and Human development

StatDominicaParaguay
Income Tax Rate35%10%
Corporate Tax Rate30%10%
Inflation, consumer prices1.4%4%
Inflation, GDP deflator3.6%2.1%
Unemployment0%4.7%
Economic Freedom Index60.863
Personal Freedom Index6.17.3
Human Freedom Index6.17.02
Property Rights Index59.844.7
Judical Effectiveness Index62.626.4
Business Freedom Index70.460.9
Fiscal Health Index86.298
Labor Freedom Index60.729
Investment Freedom Index7075
Financial Freedom Index3060
Trade Freedom Index68.475.4
Monetary Freedom Index83.572.5
Government Spending Index1688.6
Tax Burden Index70.596.1
Government Integrity Index51.229.6
Corruption Perceptions Index5729
Life expectancy at birth, years76.674
Suicide mortality rate, per 100,000 people29.5
Mortality caused by road traffic injury, per 100,000 people10.922.7
Intentional homicides, per 100,000 people25.79.3
International tourism, number of arrivals63k1.2M

Government debt & reserves

StatDominicaParaguay
Central government debt, % of GDP83.1%21.6%
External debt stocks, % of GNI55.3%39.9%
External debt stocks$279.2M$15.8B
Short-term debt, % of total reserves6.9%60%
Total debt service, % of exports and primary income16.5%15.7%
Adjusted net savings including particulate emission damage, % of GNIN/A14.5%
Gross savings, % of GDPN/A23.2%
Gross capital formation, % of GDPN/A22.4%
Total reserves including gold$191.3M$7.7B
Foreign direct investment net inflows$13.3M$386.9M

Exports, imports and economic structure

StatDominicaParaguay
Exports of goods and services, % of GDP42.9%36%
Imports of goods and services, % of GDP65.1%34.4%
Current account balance (balance of payments)-$225.1M$8.6M
Revenue excluding grants, % of GDPN/A17.4%
Grants excluding technical cooperation, BoP$28.3M$64.1M
Personal remittances received$49.2M$682.9M
Industry including construction value added, % of GDP15.8%33.9%
Agriculture, forestry and fishing value added, % of GDP11.1%10.4%
Charges for the use of intellectual property, payments BoP$662k$18.5M
Charges for the use of intellectual property, receipts BoP$119$114.1M
Expense, % of GDPN/A15.6%
Government Expenditure, % of GDP52.9%19.5%

Compare with countries close by GDP per capita

Dominica vs

CountryGDP
per capita
Population
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M

Paraguay vs

CountryGDP
per capita
Population
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M