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Economy of Moldova vs Paraguay compared: GDP & Debt

Updated on by Georank team

Moldova has a GDP of $18.2B compared to $44.5B for Paraguay, ranking 134/197 and 98/197 by economy size, respectively.

Moldova has $7.06B in government debt (38.8% of GDP), compared to $19.9B (44.8% of GDP) in Paraguay.

Moldova vs Paraguay GDP by year

Moldova
Paraguay
1x
Year GDP, current $
Moldova Paraguay
2024 $18,200,340,854 $44,458,118,397
2023 $16,711,906,746 $43,118,053,175
2022 $14,525,337,524 $41,952,910,858
2021 $13,691,869,264 $39,950,899,939
2020 $11,530,746,234 $35,432,178,068
2019 $11,736,797,055 $37,925,338,329
2018 $11,252,353,421 $40,225,448,341
2017 $9,514,404,016 $38,997,129,474
2016 $7,980,917,076 $36,089,700,223
2015 $7,797,667,197 $36,211,447,840
2014 $9,402,090,138 $40,377,929,296
2013 $9,496,717,876 $38,501,122,141
2012 $8,709,138,635 $33,271,921,136
2011 $8,414,352,020 $33,756,238,766
2010 $6,974,982,370 $27,260,886,405
2009 $5,439,434,272 $22,355,151,162
2008 $6,054,824,248 $24,615,267,664
2007 $4,401,173,152 $17,856,393,235
2006 $3,408,255,451 $13,429,430,050
2005 $2,988,342,907 $10,737,500,188
2004 $2,598,249,556 $9,624,440,836
2003 $1,980,907,435 $7,691,367,471
2002 $1,661,818,168 $7,196,260,657
2001 $1,480,673,594 $8,495,806,432
2000 $1,288,429,392 $8,855,705,140
1999 $1,170,782,957 $8,837,070,236
1998 $1,698,717,505 $9,260,481,572
1997 $1,930,081,169 $9,965,225,678
1996 $1,695,122,174 $9,788,391,781
1995 $1,752,999,370 $9,062,131,475
1994 $1,702,314,268 $7,870,982,005
1993 $2,371,813,324 $7,249,533,620
1992 $2,319,243,436 $7,157,424,031
1991 $3,094,565,871 $6,984,367,763
1990 $3,592,857,043 $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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Moldova vs Paraguay by year

Moldova
GDP per capita

GDP per capita, PPP
Paraguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Moldova Paraguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,576 $18,615 $6,416 $18,524
2023 $6,800 $17,747 $6,300 $17,564
2022 $5,744 $16,453 $6,206 $16,347
2021 $5,275 $15,682 $5,977 $15,406
2020 $4,376 $13,527 $5,365 $14,309
2019 $4,405 $13,413 $5,821 $14,150
2018 $4,156 $11,868 $6,258 $14,139
2017 $3,453 $11,252 $6,152 $13,977
2016 $2,847 $10,326 $5,775 $13,329
2015 $2,750 $9,198 $5,879 $12,679
2014 $3,290 $8,643 $6,652 $12,607
2013 $3,321 $8,233 $6,436 $12,137
2012 $3,045 $7,255 $5,642 $10,954
2011 $2,941 $6,833 $5,805 $11,442
2010 $2,437 $6,323 $4,751 $10,893
2009 $1,898 $5,827 $3,942 $9,802
2008 $2,111 $6,153 $4,385 $9,867
2007 $1,531 $5,590 $3,212 $9,179
2006 $1,183 $5,271 $2,439 $8,561
2005 $1,034 $4,866 $1,971 $8,007
2004 $897 $4,378 $1,786 $7,686
2003 $682 $3,960 $1,444 $7,276
2002 $571 $3,633 $1,368 $6,924
2001 $507 $3,311 $1,638 $6,916
2000 $441 $3,045 $1,736 $6,937
1999 $399 $2,910 $1,766 $7,080
1998 $579 $2,965 $1,890 $7,227
1997 $657 $3,136 $2,079 $7,299
1996 $575 $3,021 $2,088 $7,040
1995 $594 $3,146 $1,979 $6,966
1994 $574 $3,111 $1,760 $6,542
1993 $797 $4,394 $1,662 $6,234
1992 $778 $4,337 $1,683 $5,952
1991 $1,038 $5,980 $1,685 $5,873
1990 $1,207 $6,895 $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 (1960–2024, retrieved 2026-04-06).

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

Moldova's GDP per capita is $7,576, ranking 99/197, compared to $6,416 in Paraguay, ranking 109/197. Adjusted for purchasing power (GDP per capita PPP), Moldova ranks 100th at $18,615, while Paraguay ranks 102nd at $18,524.

Economic indicators

Moldova Paraguay
Gross domestic product
$18.2B
2024
$44.5B
2024
GDP rank
134/197
2024
98/197
2024
GDP growth
0.1%
2023-2024
4.25%
2023-2024
GDP per capita
$7,576
2024
$6,416
2024
GDP per capita rank
99/197
2024
109/197
2024
GDP per capita, PPP
$18,615
2024
$18,524
2024
GDP per capita PPP rank
100/197
2024
102/197
2024
Government debt
$7.06B
2024
$19.9B
2024
Debt-to-GDP ratio
38.8%
2024
44.8%
2024
Government debt per person
$2,938
2024
$2,872
2024
Government debt per person rank
102/185
2024
103/185
2024
Average annual personal income after taxes
$4,291
2026
$6,136
2026
Market capitalization of domestic companies n/a
$313M
1999
Income share by richest 10%
22.8%
2023
35%
2024
Income share by poorest 10%
4.3%
2023
2%
2024
Government expenditure, % of GDP
38%
2024
21%
2024
Consumer prices inflation
4.68%
2023-2024
3.84%
2023-2024
Central bank interest rate
6%
2025
6%
2024
Unemployment rate
1.43%
2024
5.69%
2024
Population
2341166
7120169

Spending and national debt comparison by year

Moldova
Spending

Debt
Paraguay
Spending

Debt
1x
Year % of GDP
Moldova Paraguay
Government spending Government debt Government spending Government debt
2024 38% 38.8% 21% 44.8%
2023 38.8% 34.9% 21.5% 41.1%
2022 36.6% 35% 20.2% 40.5%
2021 34.6% 33.6% 20.4% 37.5%
2020 36.7% 36.6% 22.6% 36.9%
2019 32% 28.8% 20.1% 25.8%
2018 31.5% 31.8% 18.5% 22.3%
2017 31% 34.9% 18.1% 19.8%
2016 30.5% 39.7% 17.7% 19.4%
2015 31.7% 42.1% 18% 18.6%
2014 33.8% 35.4% 17.1% 15.6%
2013 32.4% 30% 17.1% 13.5%
2012 33.7% 31.3% 17.6% 12.3%
2011 32.6% 24.2% 14.7% 11.1%
2010 34.1% 25.5% 13.3% 13%
2009 45.3% 32.6% 14.3% 14.9%
2008 41.5% 22.2% 11.8% 16%
2007 42.7% 28.3% 13.1% 16.8%
2006 40.3% 35% 14.1% 21%
2005 37.1% 40.4% 14% 28.3%
2004 34.8% 49.3% 14% 36%
2003 33.5% 68.1% 14.6% 37.5%
2002 30.7% 80.3% 17.6% 50.5%
2001 29.5% 85.4% 19% 37.1%
2000 34% 89.1% 19.6% 33.6%
1999 33% 150.7% 19.2% 32%
1998 39.1% 159.4% 18% 22.1%
1997 46% 89% 18.1% 18%
1996 43.3% 87.5% 16.9% 16.8%
1995 42% 79.5% 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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-02-20).

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

In 2024, Moldova's government spending was $6.91B, accounting for 38% of its GDP, while Paraguay spent $9.33B, or 21% of GDP.

Debt-to-GDP ratio is 38.8% in Moldova and 44.8% in Paraguay, ranking 137/185 and 120/185, respectively.

Government deficit by year

Deficit/surplus
Moldova

Paraguay
1x
Year Deficit/surplus, % of GDP
Moldova Paraguay
2024 -3.88% -2.12%
2023 -5.13% -3.81%
2022 -3.24% -2.64%
2021 -2.62% -3.39%
2020 -5.32% -5.72%
2019 -1.47% -2.44%
2018 -0.85% -1.01%
2017 -0.65% -0.44%
2016 -1.56% -0.37%
2015 -1.93% -0.44%
2014 -1.6% -0.27%
2013 -1.57% -1.16%
2012 -1.93% -0.58%
2011 -2.05% 1.29%
2010 -2.18% 1.54%
2009 -6.38% 0.59%
2008 -0.87% 2.29%
2007 0.15% 1.27%
2006 -0.42% 0.91%
2005 1.44% 0.74%
2004 0.59% 1.33%
2003 0.47% -0.07%
2002 -1.18% -1.89%
2001 -0.34% 0.07%
2000 -3.55% -0.55%
1999 -2.64% 2.67%
1998 -1.52% 4.28%
1997 -7.47% 3%
1996 -7.42% 2.43%
1995 -2.58% 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/moldova/paraguay | CC BY

In 2024, Moldova's government deficit, the difference between spending and revenue, was $707M, equivalent to 3.88% of GDP. This compares to Paraguay's deficit of $942M, or 2.12% of GDP.

Over the past 30 years, Moldova recorded a fiscal deficit in 26 of those years, while Paraguay ran a deficit in 16 years. On average, Moldova posted an annual deficit equal to 2.26% of GDP, compared to deficit of 0.06% of GDP for Paraguay.

Inflation comparison by year

Inflation
Moldova

Paraguay
1x
Year Consumer prices inflation
Moldova Paraguay
2024 4.68% 3.84%
2023 13.4% 4.63%
2022 28.7% 9.77%
2021 5.11% 4.79%
2020 3.77% 1.77%
2019 4.84% 2.76%
2018 3.05% 3.98%
2017 6.57% 3.6%
2016 6.36% 4.09%
2015 9.68% 3.13%
2014 5.09% 5.03%
2013 4.6% 2.68%
2012 4.55% 3.68%
2011 7.69% 8.25%
2010 7.48% 4.65%
2009 -0.06% 2.59%
2008 12.8% 10.2%
2007 12.4% 8.13%
2006 12.8% 9.59%
2005 12% 6.81%
2004 12.5% 4.32%
2003 11.7% 14.2%
2002 5.3% 10.5%
2001 9.76% 7.27%
2000 31.3% 8.98%
1999 39.3% 6.75%
1998 7.7% 11.6%
1997 11.8% 6.95%

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

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

Over the past 28 years, Moldova has recorded an average annual inflation rate of 10.5%, compared with 6.23% in Paraguay. In 2024, inflation was 4.68% in Moldova and 3.84% in Paraguay.

Top exports between countries

Moldova
Export category Export value
Processed food, beverages & tobacco $121K
Chemicals & pharma $13K
Textiles & consumer goods $7K
Machinery & equipment $1K
Wood & paper products $1K
Paraguay
Export category Export value
Raw agricultural goods $114K
Animal & marine products $88K
Processed food, beverages & tobacco $48K

Balance of trade

Moldova Paraguay
Current account balance
-$3.01B
2024
-$1.53B
2024
Current account balance ranking
156/190
2024
133/190
2024
Current account balance, % of GDP
-16.6%
2024
-3.44%
2024
Goods imports
$8.63B
2024
$15.8B
2024
Goods exports
$3.01B
2024
$14.9B
2024
Service imports
$1.8B
2024
$2.54B
2024
Service exports
$2.73B
2024
$2.65B
2024
Imports of goods and services, % of GDP
57.3%
2024
39.6%
2024
Exports of goods and services, % of GDP
31.4%
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.

Moldova Paraguay
Economic freedom 58.1 66.4
Economic freedom ranking 112/197 61/197
Property rights 40.4 44.2
Government integrity 45.1 27.3
Judicial effectiveness 32.4 38.4
Tax burden 87.9 95.9
Government spending 57.2 86.9
Fiscal health 70.3 83
Business freedom 68.3 72
Labor freedom 48.1 44.1
Monetary freedom 66 76.5
Trade freedom 76.8 78.4
Investment freedom 55 80
Financial freedom 50 70

Economic freedom comparison by year

Moldova
Paraguay
1x
Year Economic freedom index
Moldova Paraguay
2026 58.1 66.4
2025 58.3 65.2
2024 57.1 60.1
2023 58.5 61
2022 61.3 62.9
2021 62.5 62.6
2020 62 63
2019 59.1 61.8
2018 58.4 62.1
2017 58 62.4
2016 57.4 61.5
2015 57.5 61.1
2014 57.3 62
2013 55.5 61.1
2012 54.4 61.8
2011 55.7 62.3
2010 53.7 61.3
2009 54.9 61
2008 57.9 60
2007 58.7 58.3
2006 58 55.6
2005 57.4 53.4
2004 57.1 56.7
2003 60 58.2
2002 57.4 59.6
2001 54.9 60.3
2000 59.6 64
1999 56.1 63.7
1998 53.5 65.2
1997 48.9 67.3
1996 52.5 67.1
1995 33 65.9

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

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

The Economic Freedom Index for Moldova is 58.1, ranking 112/197, 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

Moldova Paraguay
Services, % of GDP
62.3%
2024
48.7%
2024
Industry, % of GDP
16.8%
2024
32.5%
2024
Agriculture, forestry, and fishing, % of GDP
7.11%
2024
10.7%
2024
GNI, Atlas method
$16.5B
2024
$43.7B
2024
GNI per capita, PPP
$18,710
2024
$17,930
2024
Total reserves including gold
$5.48B
2024
$9.89B
2023
Total reserves ranking
96/177
2024
76/177
2023
Net foreign direct investment
-$360M
2024
-$335M
2024
Net inflows of foreign direct investment
$458M
2024
$1.1B
2024
Net outflows of foreign direct investment
$98.4M
2024
$166M
2024
Servicing debt to the IMF, % of GNI
6.22%
2024
4.58%
2024
Poverty at national poverty lines
31.6%
2023
20.1%
2024
Gross capital formation, % of GDP
21.1%
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/moldova/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 (2020–2024, 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.