Madagascar vs Paraguay: Economic Indicators Comparison

Paraguay with a GDP of $40.5B ranked the 94th largest economy in the world, while Madagascar ranked 130th with $13.9B. By GDP 5-years average growth and GDP per capita, Paraguay and Madagascar ranked 50th vs 55th and 104th vs 190th, respectively.

Gross Domestic Product & Income

StatMadagascarParaguay
GDP$13.9B$40.5B
GDP growth, 1 year5.2%3.7%
GDP growth, 5-years average4%4.2%
Population25.6M6.8M
GDP per capita$528$5.8k
GDP per capita growth1.81%2.35%
Purchasing Power Parity conversion factor929.92453.78
Price level ratio of PPP conversion factor GDP to market exchange rate0.280.43
GDP per capita, PPP adjusted$1.6k$13k
GNI, Atlas method$13.3B$39.4B
GNI per capita$510$5.7k
GNI, PPP adjusted$48.2B$91.9B
GNI per capita, PPP adjusted$1.8k$13k

Financial system and Human development

StatMadagascarParaguay
Income Tax Rate20%10%
Corporate Tax Rate20%10%
Inflation, consumer prices7.3%4%
Inflation, GDP deflator7.6%2.1%
Unemployment1.7%4.7%
Economic Freedom Index60.563
Personal Freedom Index7.297.3
Human Freedom Index6.697.02
Property Rights Index45.644.7
Judical Effectiveness Index39.626.4
Business Freedom Index47.360.9
Fiscal Health Index90.698
Labor Freedom Index44.629
Investment Freedom Index5575
Financial Freedom Index5060
Trade Freedom Index73.675.4
Monetary Freedom Index72.772.5
Government Spending Index91.588.6
Tax Burden Index90.796.1
Government Integrity Index2529.6
Corruption Perceptions Index2529
Life expectancy at birth, years66.374
Suicide mortality rate, per 100,000 people3.99.5
Mortality caused by road traffic injury, per 100,000 people28.622.7
Intentional homicides, per 100,000 people7.79.3
International tourism, number of arrivals291k1.2M

Government debt & reserves

StatMadagascarParaguay
Central government debt, % of GDP39.7%21.6%
External debt stocks, % of GNI31.8%39.9%
External debt stocks$3.7B$15.8B
Short-term debt, % of total reserves15.6%60%
Total debt service, % of exports and primary income2.7%15.7%
Adjusted net savings including particulate emission damage, % of GNI7.7%14.5%
Gross savings, % of GDP18.6%23.2%
Gross capital formation, % of GDP19.6%22.4%
Total reserves including gold$1.7B$7.7B
Foreign direct investment net inflows$612M$386.9M

Exports, imports and economic structure

StatMadagascarParaguay
Exports of goods and services, % of GDP28.7%36%
Imports of goods and services, % of GDP33.8%34.4%
Current account balance (balance of payments)$80.1M$8.6M
Revenue excluding grants, % of GDP11.4%17.4%
Grants excluding technical cooperation, BoP$373.7M$64.1M
Personal remittances received$425.5M$682.9M
Industry including construction value added, % of GDP23.1%33.9%
Agriculture, forestry and fishing value added, % of GDP23.8%10.4%
Charges for the use of intellectual property, payments BoP$17.1M$18.5M
Charges for the use of intellectual property, receipts BoP$4.5M$114.1M
Expense, % of GDP9.8%15.6%
Government Expenditure, % of GDP16.8%19.5%

Compare with countries close by GDP per capita

Madagascar vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M

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