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Economy of Paraguay vs Romania compared: GDP & Debt

Updated on by Georank

Paraguay has a GDP of $49.3B compared to $429B for Romania, ranking 97/197 and 39/197 by economy size, respectively.

Paraguay has $18.8B in government debt (38.1% of GDP), compared to $260B (60.6% of GDP) in Romania.

Paraguay vs Romania GDP by year

Paraguay
Romania
1x
Year GDP, current $
Paraguay Romania
2025 $49,278,227,554 $428,677,977,855
2024 $44,738,819,362 $382,564,217,989
2023 $43,140,465,596 $347,757,995,759
2022 $41,841,201,627 $295,317,862,856
2021 $39,937,357,256 $285,072,444,957
2020 $35,432,178,068 $250,624,575,872
2019 $37,925,338,329 $250,080,428,512
2018 $40,225,448,341 $241,791,427,224
2017 $38,997,129,474 $210,147,385,855
2016 $36,089,700,223 $185,290,759,249
2015 $36,211,447,840 $177,885,131,240
2014 $40,377,929,296 $199,722,319,676
2013 $38,501,122,141 $189,798,603,751
2012 $33,271,921,136 $179,117,323,107
2011 $33,756,238,767 $192,623,977,894
2010 $27,260,886,405 $170,064,350,672
2009 $22,355,151,162 $174,110,532,659
2008 $24,615,267,664 $214,315,932,061
2007 $17,856,393,235 $174,588,782,939
2006 $13,429,430,050 $122,023,735,993
2005 $10,737,500,188 $98,454,380,120
2004 $9,624,440,836 $74,973,656,852
2003 $7,691,367,471 $57,806,384,143
2002 $7,196,260,657 $46,065,502,703
2001 $8,495,806,432 $40,395,116,581
2000 $8,855,705,140 $37,253,739,511
1999 $8,837,070,236 $35,953,156,754
1998 $9,260,481,572 $41,696,091,974
1997 $9,965,225,678 $35,575,214,078
1996 $9,788,391,781 $36,937,074,278
1995 $9,062,131,475 $37,430,162,103
1994 $7,870,982,005 $30,072,805,104
1993 $7,249,533,620 $26,361,160,450
1992 $7,157,424,031 $25,121,666,667
1991 $6,984,367,763 $28,850,634,900
1990 $5,812,114,523 $38,247,882,300
1989 $4,757,732,200 $41,450,777,202
1988 $4,255,683,528 $40,424,528,302
1987 $3,971,044,724 $38,067,567,568
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/paraguay/romania | CC BY

GDP per capita in Paraguay vs Romania by year

Paraguay
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Paraguay Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,027 - $22,538 -
2024 $6,457 $18,524 $20,080 $49,077
2023 $6,303 $17,564 $18,244 $45,982
2022 $6,189 $16,347 $15,503 $41,979
2021 $5,975 $15,406 $14,908 $37,534
2020 $5,365 $14,309 $13,009 $34,194
2019 $5,821 $14,150 $12,910 $33,425
2018 $6,258 $14,139 $12,416 $29,383
2017 $6,152 $13,977 $10,728 $26,943
2016 $5,775 $13,329 $9,405 $23,905
2015 $5,879 $12,679 $8,977 $21,625
2014 $6,652 $12,607 $10,032 $20,633
2013 $6,436 $12,137 $9,498 $19,678
2012 $5,642 $10,954 $8,930 $19,808
2011 $5,805 $11,442 $9,561 $18,804
2010 $4,751 $10,893 $8,400 $17,355
2009 $3,942 $9,802 $8,548 $16,641
2008 $4,385 $9,867 $10,435 $16,782
2007 $3,212 $9,179 $8,360 $13,703
2006 $2,439 $8,561 $5,758 $11,554
2005 $1,971 $8,007 $4,618 $9,602
2004 $1,786 $7,686 $3,495 $8,989
2003 $1,444 $7,276 $2,679 $7,559
2002 $1,368 $6,924 $2,120 $7,162
2001 $1,638 $6,916 $1,825 $6,520
2000 $1,736 $6,937 $1,660 $5,850
1999 $1,766 $7,080 $1,600 $5,596
1998 $1,890 $7,227 $1,853 $5,545
1997 $2,079 $7,299 $1,577 $5,564
1996 $2,088 $7,040 $1,633 $5,746
1995 $1,979 $6,966 $1,650 $5,429
1994 $1,760 $6,542 $1,323 $4,995
1993 $1,662 $6,234 $1,158 $4,699
1992 $1,683 $5,952 $1,102 $4,515
1991 $1,685 $5,873 $1,254 $4,795
1990 $1,440 $5,637 $1,648 $5,280
1989 $1,211 - $1,790 -
1988 $1,114 - $1,753 -
1987 $1,069 - $1,659 -
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/paraguay/romania | CC BY

Paraguay's GDP per capita is $7,027, ranking 105/197, compared to $22,538 in Romania, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Paraguay ranks 102nd at $18,524, while Romania ranks 47th at $49,077.

Economic indicators

Paraguay Romania
Gross domestic product
$49.3B
2025
$429B
2025
GDP rank
97/197
2025
39/197
2025
GDP growth
6.64%
2024-2025
0.68%
2024-2025
GDP per capita
$7,027
2025
$22,538
2025
GDP per capita rank
105/197
2025
57/197
2025
GDP per capita, PPP
$18,524
2024
$49,077
2024
GDP per capita PPP rank
102/197
2024
47/197
2024
Government debt
$18.8B
2025
$260B
2025
Debt-to-GDP ratio
38.1%
2025
60.6%
2025
Government debt per person
$2,679
2025
$13,650
2025
Government debt per person rank
111/185
2025
48/185
2025
Average annual personal income after taxes
$6,874
2026
$13,510
2026
Market capitalization of domestic companies
$313M
1999
$70.9B
2025
Number of billionaires n/a
6
2026
Income share by richest 10%
35%
2024
21.8%
2023
Income share by poorest 10%
2%
2024
2.4%
2023
Government expenditure, % of GDP
19.6%
2025
40.5%
2025
Consumer prices inflation
4.04%
2024-2025
7.3%
2024-2025
Central bank interest rate
5.75%
2026
6.5%
2024
Unemployment rate
4.63%
2025
6.1%
2025
Population
7138671
18912567

Spending and national debt comparison by year

Paraguay
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Paraguay Romania
Government spending Government debt Government spending Government debt
2025 19.6% 38.1% 40.5% 60.6%
2024 20.9% 44.6% 40% 57.5%
2023 21.5% 41% 37% 52.6%
2022 20.2% 40.6% 37.5% 51.9%
2021 20.5% 37.5% 37.2% 51.8%
2020 22.6% 36.9% 38.3% 49.5%
2019 20.1% 25.8% 33.4% 36.8%
2018 18.5% 22.3% 31.9% 36.4%
2017 18.1% 19.8% 31% 37.1%
2016 17.7% 19.4% 31.8% 39.5%
2015 18% 18.6% 34.2% 39.4%
2014 17.1% 15.6% 33.8% 40.5%
2013 17.1% 13.5% 34.2% 39.3%
2012 17.6% 12.3% 33.5% 36.2%
2011 14.7% 11.1% 35% 32.6%
2010 13.3% 13% 37.4% 30.2%
2009 14.3% 14.9% 36.3% 22.5%
2008 11.8% 16% 35.3% 13%
2007 13.1% 16.8% 34.6% 12.4%
2006 14.1% 21% 33.9% 12.7%
2005 14% 28.3% 32.3% 17.8%
2004 14% 36% 33.7% 21.3%
2003 14.6% 37.5% 31.8% 24.9%
2002 17.6% 50.5% 32.1% 27.4%
2001 19% 37.1% 33.2% 27.4%
2000 19.6% 33.6% 35% 29.6%
1999 19.2% 32% 35.1% 21.7%
1998 18% 22.1% 34.7% 16.5%
1997 18.1% 18% 33.5% 15%
1996 16.9% 16.8% 33.5% 11%
1995 15.7% 17.6% 34.4% 6.91%
1994 14.5% 18.7% 33.1% -
1993 12.9% 26.6% 33.5% -
1992 13% 34.4% 41.5% -
1991 11.4% 49.4% 38.3% -
1990 10.5% 67% 38.4% -
1989 11.8% 52.9% 40.1% -
1988 9.75% 58.9% 36.6% -
1987 10.1% 68.7% 40.7% -
1986 9.25% 57.1% 42.5% -
1985 11.4% 54.7% 41.6% -
1984 13% 31% 28.6% -
1983 13% 22.6% 25.8% -
1982 13.2% 21.3% 28.5% -
1981 13.3% 17.4% 30.4% -
1980 11.6% 17.4% 33.6% -
1979 11.7% 19.7% 42% -
1978 11.9% 20.9% 42.1% -
1977 11.2% 18.8% 39.9% -
1976 9.8% 14.1% 37.5% -
1975 10.5% 12.6% 40.6% -
1974 9.44% 12.5% 37.6% -
1973 11.2% 15.4% 32.6% -
1972 12.5% 18.2% 29.9% -
1971 12.3% 18.9% 27.2% -
1970 13.3% 19.2% 28.1% -
1969 14% - 32.1% -
1968 13.5% - 31.8% -
1967 12.2% - 30.6% -
1966 - - 27.3% -
1965 - - 25.6% -
1964 - - 25.1% -
1963 - - 23.1% -
1962 - - 43.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-07-08).

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

In 2025, Paraguay's government spending was $9.66B, accounting for 19.6% of its GDP, while Romania spent $173B, or 40.5% of GDP.

Debt-to-GDP ratio is 38.1% in Paraguay and 60.6% in Romania, ranking 138/185 and 76/185, respectively.

Government deficit by year

Deficit/surplus
Paraguay

Romania
1x
Year Deficit/surplus, % of GDP
Paraguay Romania
2025 -1.69% -7.64%
2024 -2.1% -8.68%
2023 -3.81% -5.66%
2022 -2.65% -5.85%
2021 -3.39% -6.74%
2020 -5.72% -9.6%
2019 -2.44% -4.58%
2018 -1.01% -2.76%
2017 -0.44% -2.86%
2016 -0.37% -2.5%
2015 -0.44% -1.35%
2014 -0.27% -1.76%
2013 -1.16% -2.44%
2012 -0.58% -2.39%
2011 1.29% -4.14%
2010 1.54% -6.22%
2009 0.59% -6.86%
2008 2.29% -4.6%
2007 1.27% -3.05%
2006 0.91% -1.36%
2005 0.74% -0.69%
2004 1.33% -3.39%
2003 -0.07% -2.29%
2002 -1.89% -2.59%
2001 0.07% -3.2%
2000 -0.55% -3.99%
1999 2.67% -3.58%
1998 4.28% -5.33%
1997 3% -5.19%
1996 2.43% -4.74%
1995 2.78% -3.32%
1994 4.59% -2.2%
1993 4.27% -0.35%
1992 3.1% -4.55%
1991 3.41% 3.23%
1990 7.56% 1.03%
1989 5.48% -2.87%
1988 3.01% 8.4%
1987 2.68% 2.37%
1986 3.08% 5.72%
1985 0.85% 6.36%
1984 -0.42% 15.2%
1983 0.27% 9.35%
1982 1.52% 0.36%
1981 0.15% 0.61%
1980 3.4% -1.95%
1979 4.13% 0%
1978 -3.42% 0%
1977 -0.19% 0.23%
1976 -0.06% 0.66%
1975 -1.24% 0.41%
1974 1.67% 0.51%
1973 -0.91% 1.53%
1972 -2.51% 1.21%
1971 -1.25% 0.89%
1970 -1.26% 0.52%
1969 -1.62% 0.93%
1968 -2.34% 1.65%
1967 -1.7% 1.23%
1966 - 0.91%
1965 - -1.29%
1964 - -3.11%
1963 - -1.61%
1962 - -4.86%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

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

In 2025, Paraguay's government deficit, the difference between spending and revenue, was $832M, equivalent to 1.69% of GDP. This compares to Romania's deficit of $32.8B, or 7.64% of GDP.

Over the past 39 years, Paraguay recorded a fiscal deficit in 17 of those years, while Romania ran a deficit in 35 years. On average, Paraguay posted an annual surplus equal to 0.79% of GDP, compared to deficit of 3.19% of GDP for Romania.

Inflation comparison by year

Inflation
Paraguay

Romania
1x
Year Consumer prices inflation
Paraguay Romania
2025 4.04% 7.3%
2024 3.84% 5.6%
2023 4.63% 10.4%
2022 9.77% 13.8%
2021 4.79% 5%
2020 1.77% 2.6%
2019 2.76% 3.8%
2018 3.98% 4.6%
2017 3.6% 1.3%
2016 4.09% -1.6%
2015 3.13% -0.6%
2014 5.03% 1.1%
2013 2.68% 4%
2012 3.68% 3.3%
2011 8.25% 5.8%
2010 4.65% 6.1%
2009 2.59% 5.6%
2008 10.2% 7.8%
2007 8.13% 4.8%
2006 9.59% 6.6%
2005 6.81% 9%
2004 4.32% 11.9%
2003 14.2% 15.4%
2002 10.5% 22.5%
2001 7.27% 34.5%
2000 8.98% 45.7%
1999 6.75% 45.8%
1998 11.6% 59.1%
1997 6.95% 154.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Paraguay has recorded an average annual inflation rate of 6.16%, compared with 17.1% in Romania. In 2025, inflation was 4.04% in Paraguay and 7.3% in Romania.

Top exports between countries

Paraguay
Export category Export value
Raw agricultural goods $1.49M
Wood & paper products $265K
Animal & marine products $154K
Machinery & equipment $57K
Processed food, beverages & tobacco $12K
Raw materials & minerals $3K
Romania
Export category Export value
Machinery & equipment $830K
Metals $320K
Raw materials & minerals $104K
Chemicals & pharma $86K
Textiles & consumer goods $83K
Miscellaneous $11K
Processed food, beverages & tobacco $11K
Wood & paper products $6K

Balance of trade

Paraguay Romania
Current account balance
-$1.57B
2025
-$33.9B
2025
Current account balance ranking
131/190
2025
186/190
2025
Current account balance, % of GDP
-3.18%
2025
-7.9%
2025
Goods imports
$17.5B
2025
$139B
2025
Goods exports
$15.4B
2025
$102B
2025
Service imports
$2.75B
2025
$35.9B
2025
Service exports
$3.72B
2025
$50.1B
2025
Imports of goods and services, % of GDP
39.3%
2025
40.7%
2025
Exports of goods and services, % of GDP
37.2%
2025
35.5%
2025

Economic freedom indices

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

Paraguay Romania
Economic freedom 66.4 65.4
Economic freedom ranking 61/197 64/197
Property rights 44.2 81
Government integrity 27.3 50
Judicial effectiveness 38.4 67
Tax burden 95.9 89.1
Government spending 86.9 56.7
Fiscal health 83 21.4
Business freedom 72 74.4
Labor freedom 44.1 63.6
Monetary freedom 76.5 72.7
Trade freedom 78.4 79.4
Investment freedom 80 70
Financial freedom 70 60

Economic freedom comparison by year

Paraguay
Romania
1x
Year Economic freedom index
Paraguay Romania
2026 66.4 65.4
2025 65.2 66.5
2024 60.1 64.4
2023 61 64.5
2022 62.9 67.1
2021 62.6 69.5
2020 63 69.7
2019 61.8 68.6
2018 62.1 69.4
2017 62.4 69.7
2016 61.5 65.6
2015 61.1 66.6
2014 62 65.5
2013 61.1 65.1
2012 61.8 64.4
2011 62.3 64.7
2010 61.3 64.2
2009 61 63.2
2008 60 61.7
2007 58.3 61.2
2006 55.6 58.2
2005 53.4 52.1
2004 56.7 50
2003 58.2 50.6
2002 59.6 48.7
2001 60.3 50
2000 64 52.1
1999 63.7 50.1
1998 65.2 54.4
1997 67.3 50.8
1996 67.1 46.2
1995 65.9 42.9

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

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

The Economic Freedom Index for Paraguay is 66.4, ranking 61/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Paraguay Romania
Services, % of GDP
48.1%
2025
61.7%
2025
Industry, % of GDP
32.3%
2025
25.3%
2025
Agriculture, forestry, and fishing, % of GDP
11.6%
2025
3%
2025
GNI, Atlas method
$47.4B
2025
$384B
2025
GNI per capita, PPP
$19,390
2025
$49,550
2025
Total reserves including gold
$9.57B
2024
$90.6B
2025
Total reserves ranking
82/177
2024
31/177
2025
Net foreign direct investment
-$945M
2025
-$8.57B
2025
Net inflows of foreign direct investment
$1.1B
2024
$7.16B
2024
Net outflows of foreign direct investment
$166M
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
4.58%
2024
n/a
Poverty at national poverty lines
20.1%
2024
19%
2023
Gross capital formation, % of GDP
25.3%
2025
25.9%
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/paraguay/romania | 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 (1962–1999, 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 (2021–2025, 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.