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Economy of Palestine vs Paraguay compared: GDP & Debt

Updated on by Georank

Palestine has a GDP of $17.2B compared to $49.3B for Paraguay, ranking 141/197 and 97/197 by economy size, respectively.

Palestine vs Paraguay GDP by year

Palestine
Paraguay
1x
Year GDP, current $
Palestine Paraguay
2025 $17,167,100,000 $49,278,227,554
2024 $16,016,900,000 $44,738,819,362
2023 $18,635,100,000 $43,140,465,596
2022 $19,165,500,000 $41,841,201,627
2021 $18,109,000,000 $39,937,357,256
2020 $15,531,700,000 $35,432,178,068
2019 $17,133,500,000 $37,925,338,329
2018 $16,276,600,000 $40,225,448,341
2017 $16,128,000,000 $38,997,129,474
2016 $15,405,400,000 $36,089,700,223
2015 $13,972,400,000 $36,211,447,840
2014 $13,989,700,000 $40,377,929,296
2013 $13,515,500,000 $38,501,122,141
2012 $12,208,400,000 $33,271,921,136
2011 $11,186,100,000 $33,756,238,767
2010 $9,681,500,000 $27,260,886,405
2009 $8,085,700,000 $22,355,151,162
2008 $7,310,400,000 $24,615,267,664
2007 $5,815,700,000 $17,856,393,235
2006 $5,348,300,000 $13,429,430,050
2005 $5,125,700,000 $10,737,500,188
2004 $4,603,100,000 $9,624,440,836
2003 $3,968,000,000 $7,691,367,471
2002 $3,555,800,000 $7,196,260,657
2001 $4,003,700,000 $8,495,806,432
2000 $4,313,600,000 $8,855,705,140
1999 $4,271,200,000 $8,837,070,236
1998 $4,067,800,000 $9,260,481,572
1997 $3,759,800,000 $9,965,225,678
1996 $3,409,600,000 $9,788,391,781
1995 $3,282,800,000 $9,062,131,475
1994 $2,843,300,000 $7,870,982,005
1993 - $7,249,533,620
1992 - $7,157,424,031
1991 - $6,984,367,763
1990 - $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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Palestine vs Paraguay by year

Palestine
GDP per capita

GDP per capita, PPP
Paraguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Palestine Paraguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,171 - $7,027 -
2024 $3,028 $4,371 $6,457 $18,524
2023 $3,607 $5,950 $6,303 $17,564
2022 $3,800 $6,163 $6,189 $16,347
2021 $3,679 $5,663 $5,975 $15,406
2020 $3,234 $5,956 $5,365 $14,309
2019 $3,657 $6,508 $5,821 $14,150
2018 $3,562 $6,216 $6,258 $14,139
2017 $3,620 $6,107 $6,152 $13,977
2016 $3,528 $6,062 $5,775 $13,329
2015 $3,272 $5,770 $5,879 $12,679
2014 $3,352 $5,382 $6,652 $12,607
2013 $3,315 $5,288 $6,436 $12,137
2012 $3,067 $5,215 $5,642 $10,954
2011 $2,881 $4,495 $5,805 $11,442
2010 $2,557 $4,121 $4,751 $10,893
2009 $2,192 $3,950 $3,942 $9,802
2008 $2,035 $3,713 $4,385 $9,867
2007 $1,664 $3,486 $3,212 $9,179
2006 $1,570 $3,354 $2,439 $8,561
2005 $1,544 $3,372 $1,971 $8,007
2004 $1,422 $3,014 $1,786 $7,686
2003 $1,258 $2,469 $1,444 $7,276
2002 $1,156 $2,179 $1,368 $6,924
2001 $1,336 $2,515 $1,638 $6,916
2000 $1,476 $2,783 $1,736 $6,937
1999 $1,499 $3,052 $1,766 $7,080
1998 $1,465 $2,852 $1,890 $7,227
1997 $1,389 $2,530 $2,079 $7,299
1996 $1,317 $2,269 $2,088 $7,040
1995 $1,327 $2,302 $1,979 $6,966
1994 $1,202 $2,201 $1,760 $6,542
1993 - - $1,662 $6,234
1992 - - $1,683 $5,952
1991 - - $1,685 $5,873
1990 - - $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 (1960–2025, retrieved 2026-07-08).

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

Palestine's GDP per capita is $3,171, ranking 141/197, compared to $7,027 in Paraguay, ranking 105/197. Adjusted for purchasing power (GDP per capita PPP), Palestine ranks 164th at $4,371, while Paraguay ranks 102nd at $18,524.

Economic indicators

Palestine Paraguay
Gross domestic product
$17.2B
2025
$49.3B
2025
GDP rank
141/197
2025
97/197
2025
GDP growth
4.34%
2024-2025
6.64%
2024-2025
GDP per capita
$3,171
2025
$7,027
2025
GDP per capita rank
141/197
2025
105/197
2025
GDP per capita, PPP
$4,371
2024
$18,524
2024
GDP per capita PPP rank
164/197
2024
102/197
2024
Government debt n/a
$18.8B
2025
Debt-to-GDP ratio n/a
38.1%
2025
Government debt per person n/a
$2,679
2025
Government debt per person rank n/a
111/185
2025
Average annual personal income after taxes
$1,385
2026
$6,874
2026
Market capitalization of domestic companies
$4.94B
2025
$313M
1999
Income share by richest 10%
27.1%
2023
35%
2024
Income share by poorest 10%
2.5%
2023
2%
2024
Government expenditure, % of GDP
20%
2026
19.6%
2025
Consumer prices inflation
9.81%
2024-2025
4.04%
2024-2025
Central bank interest rate n/a
5.75%
2026
Unemployment rate
28.7%
2025
4.63%
2025
Population
5563879
7138671

Inflation comparison by year

Inflation
Palestine

Paraguay
1x
Year Consumer prices inflation
Palestine Paraguay
2025 9.81% 4.04%
2024 53.7% 3.84%
2023 5.87% 4.63%
2022 3.74% 9.77%
2021 1.24% 4.79%
2020 -0.74% 1.77%
2019 1.58% 2.76%
2018 -0.2% 3.98%
2017 0.21% 3.6%
2016 -0.22% 4.09%
2015 1.43% 3.13%
2014 1.73% 5.03%
2013 1.72% 2.68%
2012 2.78% 3.68%
2011 2.88% 8.25%
2010 3.75% 4.65%
2009 2.75% 2.59%
2008 9.89% 10.2%
2007 1.86% 8.13%
2006 3.84% 9.59%
2005 4.11% 6.81%
2004 3% 4.32%
2003 4.4% 14.2%
2002 5.71% 10.5%
2001 1.22% 7.27%
2000 2.8% 8.98%
1999 5.54% 6.75%
1998 5.58% 11.6%
1997 7.09% 6.95%

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

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

Over the past 29 years, Palestine has recorded an average annual inflation rate of 5.07%, compared with 6.16% in Paraguay. In 2025, inflation was 9.81% in Palestine and 4.04% in Paraguay.

Top exports between countries

Palestine
Export category Export value
Paraguay
Export category Export value
Animal & marine products $1.78M
Wood & paper products $8K

Balance of trade

Palestine Paraguay
Current account balance
-$2.72B
2025
-$1.57B
2025
Current account balance ranking
150/190
2025
131/190
2025
Current account balance, % of GDP
-15.8%
2025
-3.18%
2025
Goods imports
$7.84B
2025
$17.5B
2025
Goods exports
$3.01B
2025
$15.4B
2025
Service imports
$1.38B
2025
$2.75B
2025
Service exports
$607M
2025
$3.72B
2025
Imports of goods and services, % of GDP
53.5%
2025
39.3%
2025
Exports of goods and services, % of GDP
21.2%
2025
37.2%
2025

Economic freedom indices

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

Palestine Paraguay
Economic freedom 30 66.4
Economic freedom ranking 192/197 61/197
Property rights n/a 44.2
Government integrity n/a 27.3
Judicial effectiveness n/a 38.4
Tax burden n/a 95.9
Government spending n/a 86.9
Fiscal health n/a 83
Business freedom n/a 72
Labor freedom n/a 44.1
Monetary freedom n/a 76.5
Trade freedom n/a 78.4
Investment freedom n/a 80
Financial freedom n/a 70

Other economic metrics

Palestine Paraguay
Services, % of GDP
60.2%
2024
48.1%
2025
Industry, % of GDP
16.3%
2024
32.3%
2025
Agriculture, forestry, and fishing, % of GDP
5.52%
2024
11.6%
2025
GNI, Atlas method
$17.6B
2025
$47.4B
2025
GNI per capita, PPP
$5,310
2025
$19,390
2025
Total reserves including gold
$1.83B
2025
$9.57B
2024
Total reserves ranking
129/177
2025
82/177
2024
Net foreign direct investment
-$315M
2025
-$945M
2025
Net inflows of foreign direct investment
$162M
2024
$1.1B
2024
Net outflows of foreign direct investment
$10.7M
2024
$166M
2024
Servicing debt to the IMF, % of GNI n/a
4.58%
2024
Poverty at national poverty lines
32.8%
2023
20.1%
2024
Gross capital formation, % of GDP
25.6%
2025
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/palestine/paraguay | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2026, retrieved 2026-07-08)
  2. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Fiscal Monitor (2025, retrieved 2026-07-08)
  5. TradeMap (2021–2024, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.