Paraguay vs Saint Kitts and Nevis: Economic Indicators Comparison

Paraguay with a GDP of $40.5B ranked the 94th largest economy in the world, while Saint Kitts and Nevis ranked 185th with $1B. By GDP per capita, Paraguay and Saint Kitts and Nevis ranked 104th vs 48th, respectively.

Gross Domestic Product & Income

StatParaguaySaint Kitts and Nevis
GDP$40.5B$1B
GDP growth, 1 year3.7%2.92%
GDP growth, 5-years average4.2%N/A
Population6.8M55k
GDP per capita$5.8k$19k
GDP per capita growth2.35%2.15%
Purchasing Power Parity conversion factor2453.781.72
Price level ratio of PPP conversion factor GDP to market exchange rate0.430.64
GDP per capita, PPP adjusted$13k$30k
GNI, Atlas method$39.4B$961.5M
GNI per capita$5.7k$18k
GNI, PPP adjusted$91.9B$1.5B
GNI per capita, PPP adjusted$13k$29k

Financial system and Human development

StatParaguaySaint Kitts and Nevis
Income Tax Rate10%N/A
Corporate Tax Rate10%N/A
Inflation, consumer prices4%-1%
Inflation, GDP deflator2.1%-1.5%
Unemployment4.7%5.1%
Economic Freedom Index6362
Personal Freedom Index7.36.2
Human Freedom Index7.026.2
Property Rights Index44.7N/A
Judical Effectiveness Index26.4N/A
Business Freedom Index60.9N/A
Fiscal Health Index98N/A
Labor Freedom Index29N/A
Investment Freedom Index75N/A
Financial Freedom Index60N/A
Trade Freedom Index75.4N/A
Monetary Freedom Index72.5N/A
Government Spending Index88.6N/A
Tax Burden Index96.1N/A
Government Integrity Index29.6N/A
Corruption Perceptions Index2960
Life expectancy at birth, years7471.3
Suicide mortality rate, per 100,000 people9.51
Mortality caused by road traffic injury, per 100,000 people22.72
Intentional homicides, per 100,000 people9.334.2
International tourism, number of arrivals1.2M125k

Government debt & reserves

StatParaguaySaint Kitts and Nevis
Central government debt, % of GDP21.6%59.9%
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%N/A
Gross savings, % of GDP23.2%N/A
Gross capital formation, % of GDP22.4%N/A
Total reserves including gold$7.7B$363.2M
Foreign direct investment net inflows$386.9M$93.6M

Exports, imports and economic structure

StatParaguaySaint Kitts and Nevis
Exports of goods and services, % of GDP36%59.9%
Imports of goods and services, % of GDP34.4%58.8%
Current account balance (balance of payments)$8.6M-$72.4M
Revenue excluding grants, % of GDP17.4%27.9%
Grants excluding technical cooperation, BoP$64.1M$15.6M
Personal remittances received$682.9M$25.9M
Industry including construction value added, % of GDP33.9%25.7%
Agriculture, forestry and fishing value added, % of GDP10.4%1.2%
Charges for the use of intellectual property, payments BoP$18.5M$1.8M
Charges for the use of intellectual property, receipts BoP$114.1M$100k
Expense, % of GDP15.6%24.3%
Government Expenditure, % of GDP19.5%N/A

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

Saint Kitts and Nevis vs

CountryGDP
per capita
Population
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
Portugal
$23k
10.6M
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
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
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M