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Economy of Egypt vs Paraguay compared: GDP & Debt

Updated on by Georank team

Egypt has a GDP of $389B compared to $44.5B for Paraguay, ranking 41/197 and 98/197 by economy size, respectively.

Egypt has $354B in government debt (90.9% of GDP), compared to $19.9B (44.8% of GDP) in Paraguay.

Egypt vs Paraguay GDP by year

Egypt
Paraguay
1x
Year GDP, current $
Egypt Paraguay
2024 $389,059,911,004 $44,458,118,397
2023 $395,926,075,163 $43,118,053,175
2022 $476,747,720,365 $41,952,910,858
2021 $424,671,765,456 $39,950,899,939
2020 $383,817,841,547 $35,432,178,068
2019 $318,678,815,490 $37,925,338,329
2018 $262,588,632,527 $40,225,448,341
2017 $248,362,771,739 $38,997,129,474
2016 $332,441,717,791 $36,089,700,223
2015 $329,366,576,819 $36,211,447,840
2014 $305,595,408,895 $40,377,929,296
2013 $288,434,108,527 $38,501,122,141
2012 $279,116,666,667 $33,271,921,136
2011 $235,989,672,978 $33,756,238,766
2010 $218,983,666,062 $27,260,886,405
2009 $189,147,005,445 $22,355,151,162
2008 $162,818,181,818 $24,615,267,664
2007 $130,437,828,371 $17,856,393,235
2006 $107,426,086,957 $13,429,430,050
2005 $89,660,339,660 $10,737,500,188
2004 $78,782,467,532 $9,624,440,836
2003 $80,288,461,538 $7,691,367,471
2002 $85,146,067,416 $7,196,260,657
2001 $96,684,636,119 $8,495,806,432
2000 $99,838,543,960 $8,855,705,140
1999 $90,710,704,807 $8,837,070,236
1998 $84,828,807,556 $9,260,481,572
1997 $78,436,578,171 $9,965,225,678
1996 $67,629,716,981 $9,788,391,781
1995 $60,159,245,060 $9,062,131,475
1994 $51,897,983,393 $7,870,982,005
1993 $46,578,631,453 $7,249,533,620
1992 $41,855,986,519 $7,157,424,031
1991 $37,387,836,491 $6,984,367,763
1990 $42,978,914,311 $5,812,114,523
1989 $39,756,299,050 $4,757,732,200
1988 $34,980,124,929 $4,255,683,528
1987 $40,455,616,654 $3,971,044,724
1986 $41,253,507,951 $3,723,993,943
1985 $39,053,502,251 $3,282,449,236
1984 $33,971,188,992 $4,502,462,807
1983 $30,966,239,814 $5,673,248,726
1982 $27,655,172,414 $5,419,411,765
1981 $22,136,081,081 $5,624,515,873
1980 $21,669,908,176 $4,448,087,302
1979 $18,020,571,429 $3,416,777,778
1978 $14,811,704,063 $2,559,857,143
1977 $14,400,806,876 $2,092,158,730
1976 $13,315,988,083 $1,698,960,317
1975 $11,632,178,869 $1,511,420,635
1974 $9,228,963,225 $1,333,475,397
1973 $10,098,534,613 $995,531,746
1972 $9,299,638,056 $769,039,683
1971 $8,609,283,346 $664,571,429
1970 $8,042,200,452 $594,611,111
1969 $6,524,455,206 $556,293,651
1968 $5,932,242,991 $517,650,794
1967 $5,605,484,299 $492,674,603
1966 $5,278,005,612 $465,888,889
1965 $4,948,667,540 $443,587,302
1964 $4,709,245,762 $408,349,206
1963 $4,187,146,232 $383,904,762
1962 $4,035,462,027 $360,698,413
1961 $4,494,575,611 $322,053,713
1960 $4,206,270,352 $288,884,368

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

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

GDP per capita in Egypt vs Paraguay by year

Egypt
GDP per capita

GDP per capita, PPP
Paraguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Egypt Paraguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,338 $19,094 $6,416 $18,524
2023 $3,457 $18,525 $6,300 $17,564
2022 $4,233 $17,527 $6,206 $16,347
2021 $3,827 $15,579 $5,977 $15,406
2020 $3,511 $15,232 $5,365 $14,309
2019 $2,963 $13,364 $5,821 $14,150
2018 $2,485 $12,329 $6,258 $14,139
2017 $2,395 $11,125 $6,152 $13,977
2016 $3,271 $10,666 $5,775 $13,329
2015 $3,307 $10,903 $5,879 $12,679
2014 $3,133 $10,256 $6,652 $12,607
2013 $3,026 $10,511 $6,436 $12,137
2012 $2,996 $10,342 $5,642 $10,954
2011 $2,591 $8,988 $5,805 $11,442
2010 $2,455 $8,838 $4,751 $10,893
2009 $2,162 $8,465 $3,942 $9,802
2008 $1,896 $8,191 $4,385 $9,867
2007 $1,548 $7,641 $3,212 $9,179
2006 $1,299 $7,079 $2,439 $8,561
2005 $1,106 $6,554 $1,971 $8,007
2004 $991 $6,207 $1,786 $7,686
2003 $1,031 $5,928 $1,444 $7,276
2002 $1,117 $5,753 $1,368 $6,924
2001 $1,295 $5,650 $1,638 $6,916
2000 $1,366 $5,452 $1,736 $6,937
1999 $1,268 $5,121 $1,766 $7,080
1998 $1,213 $4,869 $1,890 $7,227
1997 $1,146 $4,661 $2,079 $7,299
1996 $1,009 $4,434 $2,088 $7,040
1995 $916 $4,235 $1,979 $6,966
1994 $807 $4,048 $1,760 $6,542
1993 $740 $3,895 $1,662 $6,234
1992 $681 $3,784 $1,683 $5,952
1991 $623 $3,627 $1,685 $5,873
1990 $736 $3,566 $1,440 $5,637
1989 $701 - $1,211 -
1988 $634 - $1,114 -
1987 $754 - $1,069 -
1986 $790 - $1,031 -
1985 $770 - $935 -
1984 $690 - $1,319 -
1983 $648 - $1,710 -
1982 $596 - $1,680 -
1981 $490 - $1,793 -
1980 $493 - $1,457 -
1979 $421 - $1,149 -
1978 $355 - $883 -
1977 $353 - $740 -
1976 $335 - $616 -
1975 $299.2 - $562 -
1974 $243.1 - $508 -
1973 $272.2 - $389 -
1972 $256.5 - $308 -
1971 $243 - $272.1 -
1970 $232.3 - $249 -
1969 $193 - $238.2 -
1968 $179.8 - $226.8 -
1967 $174.1 - $220.9 -
1966 $168.1 - $213.9 -
1965 $161.6 - $208.7 -
1964 $157.7 - $197 -
1963 $143.9 - $189.9 -
1962 $142.4 - $182.8 -
1961 $162.8 - $167.1 -
1960 $156.4 - $153.4 -

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

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

Egypt's GDP per capita is $3,338, ranking 138/197, compared to $6,416 in Paraguay, ranking 109/197. Adjusted for purchasing power (GDP per capita PPP), Egypt ranks 99th at $19,094, while Paraguay ranks 102nd at $18,524.

Economic indicators

Egypt Paraguay
Gross domestic product
$389B
2024
$44.5B
2024
GDP rank
41/197
2024
98/197
2024
GDP growth
2.4%
2023-2024
4.25%
2023-2024
GDP per capita
$3,338
2024
$6,416
2024
GDP per capita rank
138/197
2024
109/197
2024
GDP per capita, PPP
$19,094
2024
$18,524
2024
GDP per capita PPP rank
99/197
2024
102/197
2024
Government debt
$354B
2024
$19.9B
2024
Debt-to-GDP ratio
90.9%
2024
44.8%
2024
Government debt per person
$3,036
2024
$2,872
2024
Government debt per person rank
99/185
2024
103/185
2024
Average annual personal income after taxes
$1,948
2026
$6,136
2026
Market capitalization of domestic companies
$42.6B
2024
$313M
1999
Number of billionaires
5
2025
n/a
Income share by richest 10%
24.6%
2021
35%
2024
Income share by poorest 10%
4.2%
2021
2%
2024
Government expenditure, % of GDP
22.9%
2024
21%
2024
Consumer prices inflation
28.3%
2023-2024
3.84%
2023-2024
Central bank interest rate
21%
2025
6%
2024
Unemployment rate
5.95%
2024
5.69%
2024
Population
120697176
7120169

Spending and national debt comparison by year

Egypt
Spending

Debt
Paraguay
Spending

Debt
1x
Year % of GDP
Egypt Paraguay
Government spending Government debt Government spending Government debt
2024 22.9% 90.9% 21% 44.8%
2023 22.7% 95.9% 21.5% 41.1%
2022 24.9% 88.5% 20.2% 40.5%
2021 25.5% 89.9% 20.4% 37.5%
2020 25.7% 86.2% 22.6% 36.9%
2019 26.9% 80.1% 20.1% 25.8%
2018 28.6% 87.9% 18.5% 22.3%
2017 30.6% 97.8% 18.1% 19.8%
2016 31% 91.6% 17.7% 19.4%
2015 31.3% 83.8% 18% 18.6%
2014 33.9% 80.9% 17.1% 15.6%
2013 32.9% 79.8% 17.1% 13.5%
2012 29.2% 69.9% 17.6% 12.3%
2011 30.5% 72.8% 14.7% 11.1%
2010 31.4% 69.6% 13.3% 13%
2009 32.5% 69.5% 14.3% 14.9%
2008 32.7% 66.8% 11.8% 16%
2007 31.3% 76.3% 13.1% 16.8%
2006 34.5% 85.9% 14.1% 21%
2005 30.3% 98.3% 14% 28.3%
2004 30.1% 96.5% 14% 36%
2003 30.6% 97.1% 14.6% 37.5%
2002 30.9% 85.8% 17.6% 50.5%
2001 27.9% 79.1% 19% 37.1%
2000 26% 71.7% 19.6% 33.6%
1999 26.3% 72.4% 19.2% 32%
1998 - 73.8% 18% 22.1%
1997 - - 18.1% 18%
1996 - - 16.9% 16.8%
1995 - - 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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-02-20).

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

In 2024, Egypt's government spending was $89.2B, accounting for 22.9% of its GDP, while Paraguay spent $9.33B, or 21% of GDP.

Debt-to-GDP ratio is 90.9% in Egypt and 44.8% in Paraguay, ranking 31/185 and 120/185, respectively.

Government deficit by year

Deficit/surplus
Egypt

Paraguay
1x
Year Deficit/surplus, % of GDP
Egypt Paraguay
2024 -7.12% -2.12%
2023 -5.77% -3.81%
2022 -5.74% -2.64%
2021 -6.96% -3.39%
2020 -7.47% -5.72%
2019 -7.6% -2.44%
2018 -8.97% -1.01%
2017 -9.9% -0.44%
2016 -11.8% -0.37%
2015 -10.4% -0.44%
2014 -10.7% -0.27%
2013 -12.3% -1.16%
2012 -9.47% -0.58%
2011 -9.6% 1.29%
2010 -7.45% 1.54%
2009 -6.2% 0.59%
2008 -6.05% 2.29%
2007 -4.9% 1.27%
2006 -7.35% 0.91%
2005 -6.69% 0.74%
2004 -5.76% 1.33%
2003 -5.73% -0.07%
2002 -6.77% -1.89%
2001 -1.07% 0.07%
2000 1.32% -0.55%
1999 2.14% 2.67%
1998 - 4.28%
1997 - 3%
1996 - 2.43%
1995 - 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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-02-20).

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

In 2024, Egypt's government deficit, the difference between spending and revenue, was $27.7B, equivalent to 7.12% of GDP. This compares to Paraguay's deficit of $942M, or 2.12% of GDP.

Over the past 26 years, Egypt recorded a fiscal deficit in 24 of those years, while Paraguay ran a deficit in 16 years. On average, Egypt posted an annual deficit equal to 6.86% of GDP, compared to deficit of 0.55% of GDP for Paraguay.

Inflation comparison by year

Inflation
Egypt

Paraguay
1x
Year Consumer prices inflation
Egypt Paraguay
2024 28.3% 3.84%
2023 33.9% 4.63%
2022 13.9% 9.77%
2021 5.21% 4.79%
2020 5.04% 1.77%
2019 9.15% 2.76%
2018 14.4% 3.98%
2017 29.5% 3.6%
2016 13.8% 4.09%
2015 10.4% 3.13%
2014 10.1% 5.03%
2013 9.47% 2.68%
2012 7.11% 3.68%
2011 10.1% 8.25%
2010 11.3% 4.65%
2009 11.8% 2.59%
2008 18.3% 10.2%
2007 9.32% 8.13%
2006 7.64% 9.59%
2005 4.87% 6.81%
2004 11.3% 4.32%
2003 4.51% 14.2%
2002 2.74% 10.5%
2001 2.27% 7.27%
2000 2.68% 8.98%
1999 3.08% 6.75%
1998 3.87% 11.6%
1997 4.63% 6.95%

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

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

Over the past 28 years, Egypt has recorded an average annual inflation rate of 10.7%, compared with 6.23% in Paraguay. In 2024, inflation was 28.3% in Egypt and 3.84% in Paraguay.

Top exports between countries

Egypt
Export category Export value
Raw agricultural goods $1.51M
Textiles & consumer goods $1.15M
Chemicals & pharma $468K
Processed food, beverages & tobacco $405K
Machinery & equipment $256K
Raw materials & minerals $210K
Paraguay
Export category Export value
Animal & marine products $9.24M
Raw agricultural goods $4.85M
Processed food, beverages & tobacco $3.83M
Wood & paper products $53K
Chemicals & pharma $17K
Machinery & equipment $3K

Balance of trade

Egypt Paraguay
Current account balance
-$22.3B
2024
-$1.53B
2024
Current account balance ranking
184/190
2024
133/190
2024
Current account balance, % of GDP
-5.72%
2024
-3.44%
2024
Goods imports
$72.9B
2024
$15.8B
2024
Goods exports
$34.8B
2024
$14.9B
2024
Service imports
$27.5B
2024
$2.54B
2024
Service exports
$29.6B
2024
$2.65B
2024
Imports of goods and services, % of GDP
23.2%
2024
39.6%
2024
Exports of goods and services, % of GDP
16.4%
2024
37.2%
2024

Economic freedom indices

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

Egypt Paraguay
Economic freedom 50.3 66.4
Economic freedom ranking 160/197 61/197
Property rights 35.5 44.2
Government integrity 27.1 27.3
Judicial effectiveness 24 38.4
Tax burden 85.7 95.9
Government spending 83.4 86.9
Fiscal health 21.8 83
Business freedom 51.4 72
Labor freedom 43.1 44.1
Monetary freedom 56 76.5
Trade freedom 60.2 78.4
Investment freedom 65 80
Financial freedom 50 70

Economic freedom comparison by year

Egypt
Paraguay
1x
Year Economic freedom index
Egypt Paraguay
2026 50.3 66.4
2025 50.9 65.2
2024 49.7 60.1
2023 49.6 61
2022 49.1 62.9
2021 55.7 62.6
2020 54 63
2019 52.5 61.8
2018 53.4 62.1
2017 52.6 62.4
2016 56 61.5
2015 55.2 61.1
2014 52.9 62
2013 54.8 61.1
2012 57.9 61.8
2011 59.1 62.3
2010 59 61.3
2009 58 61
2008 58.5 60
2007 54.4 58.3
2006 53.2 55.6
2005 55.8 53.4
2004 55.5 56.7
2003 55.3 58.2
2002 54.1 59.6
2001 51.5 60.3
2000 51.7 64
1999 58 63.7
1998 55.8 65.2
1997 54.5 67.3
1996 52 67.1
1995 45.7 65.9

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

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

The Economic Freedom Index for Egypt is 50.3, ranking 160/197, 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

Egypt Paraguay
Services, % of GDP
48.9%
2024
48.7%
2024
Industry, % of GDP
32.6%
2024
32.5%
2024
Agriculture, forestry, and fishing, % of GDP
13.7%
2024
10.7%
2024
GNI, Atlas method
$409B
2024
$43.7B
2024
GNI per capita, PPP
$18,230
2024
$17,930
2024
Total reserves including gold
$44.9B
2024
$9.89B
2023
Total reserves ranking
44/177
2024
76/177
2023
Net foreign direct investment
-$46.1B
2024
-$335M
2024
Net inflows of foreign direct investment
$46.6B
2024
$1.1B
2024
Net outflows of foreign direct investment
$508M
2024
$166M
2024
Servicing debt to the IMF, % of GNI
8.86%
2024
4.58%
2024
Poverty at national poverty lines
33.5%
2021
20.1%
2024
Gross capital formation, % of GDP
13%
2024
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/egypt/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 (1967–1989, 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. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.