Paraguay vs Portugal: Economic Indicators Comparison

Portugal with a GDP of $240.7B ranked the 48th largest economy in the world, while Paraguay ranked 94th with $40.5B. By GDP 5-years average growth and GDP per capita, Portugal and Paraguay ranked 135th vs 50th and 40th vs 104th, respectively.

Gross Domestic Product & Income

StatParaguayPortugal
GDP$40.5B$240.7B
GDP growth, 1 year3.7%2.1%
GDP growth, 5-years average4.2%1.9%
Population6.8M10.6M
GDP per capita$5.8k$23k
GDP per capita growth2.35%2.63%
Purchasing Power Parity conversion factor2453.780.59
Price level ratio of PPP conversion factor GDP to market exchange rate0.430.7
GDP per capita, PPP adjusted$13k$32k
GNI, Atlas method$39.4B$226.1B
GNI per capita$5.7k$22k
GNI, PPP adjusted$91.9B$336B
GNI per capita, PPP adjusted$13k$33k

Financial system and Human development

StatParaguayPortugal
Income Tax Rate10%48%
Corporate Tax Rate10%23%
Inflation, consumer prices4%1.2%
Inflation, GDP deflator2.1%1.6%
Unemployment4.7%6.9%
Economic Freedom Index6367
Personal Freedom Index7.38.99
Human Freedom Index7.028.11
Property Rights Index44.775.4
Judical Effectiveness Index26.465.6
Business Freedom Index60.976.5
Fiscal Health Index9874.4
Labor Freedom Index2944.1
Investment Freedom Index7570
Financial Freedom Index6060
Trade Freedom Index75.486.4
Monetary Freedom Index72.583
Government Spending Index88.639.8
Tax Burden Index96.159.6
Government Integrity Index29.668.9
Corruption Perceptions Index2964
Life expectancy at birth, years7481.1
Suicide mortality rate, per 100,000 people9.514
Mortality caused by road traffic injury, per 100,000 people22.77.4
Intentional homicides, per 100,000 people9.30.7
International tourism, number of arrivals1.2M16.2M

Government debt & reserves

StatParaguayPortugal
Central government debt, % of GDP21.6%121.4%
External debt stocks, % of GNI39.9%N/A
External debt stocks$15.8BN/A
Short-term debt, % of total reserves60%N/A
Total debt service, % of exports and primary income15.7%N/A
Adjusted net savings including particulate emission damage, % of GNI14.5%3.4%
Gross savings, % of GDP23.2%18%
Gross capital formation, % of GDP22.4%18.1%
Total reserves including gold$7.7B$24.9B
Foreign direct investment net inflows$386.9M$6.4B

Exports, imports and economic structure

StatParaguayPortugal
Exports of goods and services, % of GDP36%43.5%
Imports of goods and services, % of GDP34.4%43.4%
Current account balance (balance of payments)$8.6M$956.9M
Revenue excluding grants, % of GDP17.4%37.5%
Grants excluding technical cooperation, BoP$64.1MN/A
Personal remittances received$682.9M$503.8M
Industry including construction value added, % of GDP33.9%19.2%
Agriculture, forestry and fishing value added, % of GDP10.4%2.1%
Charges for the use of intellectual property, payments BoP$18.5M$850.5M
Charges for the use of intellectual property, receipts BoP$114.1M$118.9M
Expense, % of GDP15.6%41.4%
Government Expenditure, % of GDP19.5%44.8%

Compare with countries close by GDP per capita

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

Portugal vs

CountryGDP
per capita
Population
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k