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Economy of Myanmar vs Paraguay compared: GDP & Debt

Updated on by Georank

Myanmar has a GDP of $81.7B compared to $49.3B for Paraguay, ranking 85/197 and 97/197 by economy size, respectively.

Myanmar has $42.4B in government debt (51.9% of GDP), compared to $18.8B (38.1% of GDP) in Paraguay.

Myanmar vs Paraguay GDP by year

Myanmar
Paraguay
1x
Year GDP, current $
Myanmar Paraguay
2025 $81,665,773,810 $49,278,227,554
2024 $74,068,349,524 $44,738,819,362
2023 $66,757,619,000 $43,140,465,596
2022 $62,253,049,892 $41,841,201,627
2021 $66,345,291,160 $39,937,357,256
2020 $79,006,113,643 $35,432,178,068
2019 $75,065,106,228 $37,925,338,329
2018 $67,860,515,990 $40,225,448,341
2017 $66,053,040,483 $38,997,129,474
2016 $63,298,361,996 $36,089,700,223
2015 $59,607,290,408 $36,211,447,840
2014 $65,531,374,200 $40,377,929,296
2013 $60,269,732,855 $38,501,122,141
2012 $59,937,796,648 $33,271,921,136
2011 $59,977,326,086 $33,756,238,767
2010 $49,540,813,342 $27,260,886,405
2009 $36,906,181,381 $22,355,151,162
2008 $31,862,554,102 $24,615,267,664
2007 $20,182,477,481 $17,856,393,235
2006 $14,502,553,710 $13,429,430,050
2005 $11,986,972,419 $10,737,500,188
2004 $10,567,354,056 $9,624,440,836
2003 $10,467,109,978 $7,691,367,471
2002 $6,777,632,512 $7,196,260,657
2001 $6,477,790,688 $8,495,806,432
2000 $8,905,066,164 $8,855,705,140
1999 $8,486,832,801 $8,837,070,236
1998 $6,459,461,639 $9,260,481,572
1997 $4,722,288,496 $9,965,225,678
1996 $6,123,556,717 $9,788,391,781
1995 $5,289,174,943 $9,062,131,475
1994 $4,432,257,174 $7,870,982,005
1993 $3,163,020,035 $7,249,533,620
1992 $2,411,552,289 $7,157,424,031
1991 $2,069,832,687 $6,984,367,763
1990 $2,115,193,513 $5,812,114,523
1989 $2,013,448,229 $4,757,732,200
1988 $1,541,088,312 $4,255,683,528
1987 $1,562,448,077 $3,971,044,724
1986 $1,582,873,750 $3,723,993,943
1985 $1,478,908,173 $3,282,449,236
1984 $1,304,063,253 $4,502,462,807
1983 $1,381,573,615 $5,673,248,726
1982 $1,481,165,468 $5,419,411,765
1981 $1,111,000,765 $5,624,515,873
1980 $1,038,225,167 $4,448,087,302
1979 $952,265,043 $3,416,777,778
1978 $935,408,775 $2,559,857,143
1977 $873,579,932 $2,092,158,730
1976 $1,204,699,849 $1,698,960,317
1975 $1,061,107,354 $1,511,420,635
1974 $1,225,589,878 $1,333,475,397
1973 $719,754,655 $995,531,746
1972 $662,213,083 $769,039,683
1971 $587,448,405 $664,571,429
1970 $563,555,631 $594,611,111
1969 $571,854,215 $556,293,651
1968 $559,956,130 $517,650,794
1967 $420,359,036 $492,674,603
1966 $293,103,479 $465,888,889
1965 $367,053,117 $443,587,302
1964 $411,419,906 $408,349,206
1963 $598,998,419 $383,904,762
1962 $634,528,872 $360,698,413
1961 $605,581,577 $322,053,713
1960 $545,098,448 $288,884,368

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Myanmar vs Paraguay by year

Myanmar
GDP per capita

GDP per capita, PPP
Paraguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Myanmar Paraguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,489 - $7,027 -
2024 $1,359 $5,997 $6,457 $18,524
2023 $1,233 $5,953 $6,303 $17,564
2022 $1,158 $5,732 $6,189 $16,347
2021 $1,243 $5,178 $5,975 $15,406
2020 $1,490 $5,741 $5,365 $14,309
2019 $1,426 $6,101 $5,821 $14,150
2018 $1,298 $5,581 $6,258 $14,139
2017 $1,273 $4,706 $6,152 $13,977
2016 $1,229 $4,460 $5,775 $13,329
2015 $1,167 $4,459 $5,879 $12,679
2014 $1,293 $4,376 $6,652 $12,607
2013 $1,199 $4,144 $6,436 $12,137
2012 $1,203 $3,845 $5,642 $10,954
2011 $1,214 $3,579 $5,805 $11,442
2010 $1,011 $3,348 $4,751 $10,893
2009 $758 $3,040 $3,942 $9,802
2008 $658 $2,748 $4,385 $9,867
2007 $419 $2,459 $3,212 $9,179
2006 $303 $2,153 $2,439 $8,561
2005 $252.7 $1,860 $1,971 $8,007
2004 $224.5 $1,601 $1,786 $7,686
2003 $224.3 $1,385 $1,444 $7,276
2002 $146.6 $1,204 $1,368 $6,924
2001 $141.5 $1,069 $1,638 $6,916
2000 $196.6 $949 $1,736 $6,937
1999 $189.5 $825 $1,766 $7,080
1998 $146 $742 $1,890 $7,227
1997 $108 $702 $2,079 $7,299
1996 $141.9 $661 $2,088 $7,040
1995 $124.1 $618 $1,979 $6,966
1994 $105.4 $573 $1,760 $6,542
1993 $76.2 $529 $1,662 $6,234
1992 $58.9 $494 $1,683 $5,952
1991 $51.2 $447 $1,685 $5,873
1990 $53.1 $441 $1,440 $5,637
1989 $51.3 - $1,211 -
1988 $39.9 - $1,114 -
1987 $41.1 - $1,069 -
1986 $42.4 - $1,031 -
1985 $40.4 - $935 -
1984 $36.3 - $1,319 -
1983 $39.3 - $1,710 -
1982 $43 - $1,680 -
1981 $32.8 - $1,793 -
1980 $31.2 - $1,457 -
1979 $29.2 - $1,149 -
1978 $29.3 - $883 -
1977 $27.9 - $740 -
1976 $39.2 - $616 -
1975 $35.2 - $562 -
1974 $41.4 - $508 -
1973 $24.8 - $389 -
1972 $23.3 - $308 -
1971 $21.1 - $272.1 -
1970 $20.7 - $249 -
1969 $21.5 - $238.2 -
1968 $21.5 - $226.8 -
1967 $16.5 - $220.9 -
1966 $11.8 - $213.9 -
1965 $15.1 - $208.7 -
1964 $17.3 - $197 -
1963 $25.8 - $189.9 -
1962 $27.9 - $182.8 -
1961 $27.3 - $167.1 -
1960 $25.1 - $153.4 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Myanmar's GDP per capita is $1,489, ranking 166/197, compared to $7,027 in Paraguay, ranking 105/197. Adjusted for purchasing power (GDP per capita PPP), Myanmar ranks 153rd at $5,997, while Paraguay ranks 102nd at $18,524.

Economic indicators

Myanmar Paraguay
Gross domestic product
$81.7B
2025
$49.3B
2025
GDP rank
85/197
2025
97/197
2025
GDP growth
-2.01%
2024-2025
6.64%
2024-2025
GDP per capita
$1,489
2025
$7,027
2025
GDP per capita rank
166/197
2025
105/197
2025
GDP per capita, PPP
$5,997
2024
$18,524
2024
GDP per capita PPP rank
153/197
2024
102/197
2024
Government debt
$42.4B
2025
$18.8B
2025
Debt-to-GDP ratio
51.9%
2025
38.1%
2025
Government debt per person
$773
2025
$2,679
2025
Government debt per person rank
152/185
2025
111/185
2025
Average annual personal income after taxes
$2,165
2026
$6,874
2026
Market capitalization of domestic companies n/a
$313M
1999
Income share by richest 10%
25.5%
2017
35%
2024
Income share by poorest 10%
3.8%
2017
2%
2024
Government expenditure, % of GDP
25.2%
2025
19.6%
2025
Consumer prices inflation
8.83%
2018-2019
4.04%
2024-2025
Central bank interest rate n/a
5.75%
2026
Unemployment rate
1.48%
2020
4.63%
2025
Population
55361818
7138671

Spending and national debt comparison by year

Myanmar
Spending

Debt
Paraguay
Spending

Debt
1x
Year % of GDP
Myanmar Paraguay
Government spending Government debt Government spending Government debt
2025 25.2% 51.9% 19.6% 38.1%
2024 25.8% 50.6% 20.9% 44.6%
2023 21.4% 53.2% 21.5% 41%
2022 21.3% 56% 20.2% 40.6%
2021 20.9% 63.4% 20.5% 37.5%
2020 21.3% 49.1% 22.6% 36.9%
2019 20.5% 37.6% 20.1% 25.8%
2018 18.7% 39.9% 18.5% 22.3%
2017 19.7% 41.9% 18.1% 19.8%
2016 21.3% 35.7% 17.7% 19.4%
2015 23.7% 36.6% 18% 18.6%
2014 24.7% 34.5% 17.1% 15.6%
2013 23.9% 44.8% 17.1% 13.5%
2012 20% 48% 17.6% 12.3%
2011 15.6% 49.9% 14.7% 11.1%
2010 15.8% 54.4% 13.3% 13%
2009 14.4% 56.4% 14.3% 14.9%
2008 14.4% 59.8% 11.8% 16%
2007 15.7% 77.4% 13.1% 16.8%
2006 15.6% 103.1% 14.1% 21%
2005 14.6% 119% 14% 28.3%
2004 14.6% 126.6% 14% 36%
2003 14.3% 146% 14.6% 37.5%
2002 15.3% 190.6% 17.6% 50.5%
2001 19.1% 262% 19% 37.1%
2000 21.4% 164.5% 19.6% 33.6%
1999 22.8% 150.7% 19.2% 32%
1998 25.2% 208.6% 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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-07-08).

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

In 2025, Myanmar's government spending was $20.6B, accounting for 25.2% of its GDP, while Paraguay spent $9.66B, or 19.6% of GDP.

Debt-to-GDP ratio is 51.9% in Myanmar and 38.1% in Paraguay, ranking 101/185 and 138/185, respectively.

Government deficit by year

Deficit/surplus
Myanmar

Paraguay
1x
Year Deficit/surplus, % of GDP
Myanmar Paraguay
2025 -4.94% -1.69%
2024 -4.11% -2.1%
2023 -2.76% -3.81%
2022 -2.75% -2.65%
2021 -2.22% -3.39%
2020 -6.5% -5.72%
2019 -4.7% -2.44%
2018 -2.77% -1.01%
2017 -3.42% -0.44%
2016 -2.53% -0.37%
2015 -4.33% -0.44%
2014 -1.06% -0.27%
2013 -1.53% -1.16%
2012 -2.7% -0.58%
2011 -4.82% 1.29%
2010 -5.4% 1.54%
2009 -3.55% 0.59%
2008 -2.73% 2.29%
2007 -3.52% 1.27%
2006 -3.42% 0.91%
2005 -3.49% 0.74%
2004 -4.62% 1.33%
2003 -4.24% -0.07%
2002 -4.01% -1.89%
2001 -6.34% 0.07%
2000 -6.03% -0.55%
1999 -4.46% 2.67%
1998 -4.89% 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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-07-08).

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

In 2025, Myanmar's government deficit, the difference between spending and revenue, was $4.04B, equivalent to 4.94% of GDP. This compares to Paraguay's deficit of $832M, or 1.69% of GDP.

Over the past 28 years, Myanmar recorded a fiscal deficit in 28 of those years, while Paraguay ran a deficit in 17 years. On average, Myanmar posted an annual deficit equal to 3.85% of GDP, compared to deficit of 0.41% of GDP for Paraguay.

Inflation comparison by year

Inflation
Myanmar

Paraguay
1x
Year Consumer prices inflation
Myanmar Paraguay
2025 - 4.04%
2024 - 3.84%
2023 - 4.63%
2022 - 9.77%
2021 - 4.79%
2020 - 1.77%
2019 8.83% 2.76%
2018 6.87% 3.98%
2017 4.57% 3.6%
2016 6.93% 4.09%
2015 9.45% 3.13%
2014 4.95% 5.03%
2013 5.64% 2.68%
2012 1.47% 3.68%
2011 5.02% 8.25%
2010 7.72% 4.65%
2009 1.47% 2.59%
2008 26.8% 10.2%
2007 35% 8.13%
2006 20% 9.59%
2005 9.37% 6.81%
2004 4.53% 4.32%
2003 36.6% 14.2%
2002 57.1% 10.5%
2001 21.1% 7.27%
2000 -0.11% 8.98%
1999 18.4% 6.75%
1998 51.5% 11.6%
1997 29.7% 6.95%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 23 years, Myanmar has recorded an average annual inflation rate of 16.2%, compared with 6.51% in Paraguay. In 2019, inflation was 8.83% in Myanmar and 4.04% in Paraguay.

Top exports between countries

Myanmar
Export category Export value
Textiles & consumer goods $1.66M
Raw materials & minerals $8K
Paraguay
Export category Export value
Processed food, beverages & tobacco $25.3M
Raw agricultural goods $626K
Animal & marine products $32K

Balance of trade

Myanmar Paraguay
Current account balance
$67.7M
2019
-$1.57B
2025
Current account balance ranking
66/190
2019
131/190
2025
Current account balance, % of GDP
+0.09%
2019
-3.18%
2025
Goods imports
$13.7B
2019
$17.5B
2025
Goods exports
$10.8B
2019
$15.4B
2025
Service imports
$3.66B
2019
$2.75B
2025
Service exports
$6.68B
2019
$3.72B
2025
Imports of goods and services, % of GDP n/a
39.3%
2025
Exports of goods and services, % of GDP
24.3%
2026
37.2%
2025

Economic freedom indices

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

Myanmar Paraguay
Economic freedom 44.5 66.4
Economic freedom ranking 180/197 61/197
Property rights 5.7 44.2
Government integrity 18.1 27.3
Judicial effectiveness 3.9 38.4
Tax burden 88.6 95.9
Government spending 86.6 86.9
Fiscal health 62.7 83
Business freedom 37.9 72
Labor freedom 53.2 44.1
Monetary freedom 57.5 76.5
Trade freedom 69.4 78.4
Investment freedom 30 80
Financial freedom 20 70

Economic freedom comparison by year

Myanmar
Paraguay
1x
Year Economic freedom index
Myanmar Paraguay
2026 44.5 66.4
2025 43.7 65.2
2024 42.2 60.1
2023 46.5 61
2022 49.6 62.9
2021 55.2 62.6
2020 54 63
2019 53.6 61.8
2018 53.9 62.1
2017 52.5 62.4
2016 48.7 61.5
2015 46.9 61.1
2014 46.5 62
2013 39.2 61.1
2012 38.7 61.8
2011 37.8 62.3
2010 36.7 61.3
2009 37.7 61
2008 39.5 60
2007 41 58.3
2006 40 55.6
2005 40.5 53.4
2004 43.6 56.7
2003 44.9 58.2
2002 45.5 59.6
2001 46.1 60.3
2000 47.9 64
1999 46.4 63.7
1998 45.7 65.2
1997 45.4 67.3
1996 45.1 67.1
1995 - 65.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Myanmar is 44.5, ranking 180/197, 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

Myanmar Paraguay
Services, % of GDP
38.5%
2025
48.1%
2025
Industry, % of GDP
36.2%
2025
32.3%
2025
Agriculture, forestry, and fishing, % of GDP
25.3%
2025
11.6%
2025
GNI, Atlas method
$72.3B
2025
$47.4B
2025
GNI per capita, PPP
$5,890
2025
$19,390
2025
Total reserves including gold
$9.34B
2023
$9.57B
2024
Total reserves ranking
85/177
2023
82/177
2024
Net foreign direct investment
-$1.74B
2019
-$945M
2025
Net inflows of foreign direct investment
$1.1B
2024
$1.1B
2024
Net outflows of foreign direct investment
$0
2024
$166M
2024
Servicing debt to the IMF, % of GNI
1.31%
2024
4.58%
2024
Poverty at national poverty lines
24.8%
2017
20.1%
2024
Gross capital formation, % of GDP n/a
25.3%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.