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Economy of Paraguay vs Saint Lucia compared: GDP & Debt

Updated on by Georank

Paraguay has a GDP of $49.3B compared to $2.66B for Saint Lucia, ranking 97/197 and 173/197 by economy size, respectively.

Paraguay has $18.8B in government debt (38.1% of GDP), compared to $2.05B (77.1% of GDP) in Saint Lucia.

Paraguay vs Saint Lucia GDP by year

Paraguay
Saint Lucia
1x
Year GDP, current $
Paraguay Saint Lucia
2025 $49,278,227,554 $2,656,444,444
2024 $44,738,819,362 $2,605,148,148
2023 $43,140,465,596 $2,441,259,259
2022 $41,841,201,627 $2,319,888,889
2021 $39,937,357,256 $1,871,111,111
2020 $35,432,178,068 $1,521,740,741
2019 $37,925,338,329 $2,090,074,074
2018 $40,225,448,341 $2,060,955,556
2017 $38,997,129,474 $1,998,503,704
2016 $36,089,700,223 $1,868,544,444
2015 $36,211,447,840 $1,807,640,741
2014 $40,377,929,296 $1,749,185,185
2013 $38,501,122,141 $1,660,392,593
2012 $33,271,921,136 $1,598,207,407
2011 $33,756,238,767 $1,568,370,370
2010 $27,260,886,405 $1,482,385,185
2009 $22,355,151,162 $1,401,507,889
2008 $24,615,267,664 $1,437,731,111
2007 $17,856,393,235 $1,336,088,815
2006 $13,429,430,050 $1,268,319,185
2005 $10,737,500,188 $1,135,555,556
2004 $9,624,440,836 $1,066,666,667
2003 $7,691,367,471 $987,407,407
2002 $7,196,260,657 $900,000,000
2001 $8,495,806,432 $892,592,593
2000 $8,855,705,140 $932,592,593
1999 $8,837,070,236 $921,851,852
1998 $9,260,481,572 $877,407,407
1997 $9,965,225,678 $805,925,926
1996 $9,788,391,781 $788,888,889
1995 $9,062,131,475 $762,962,963
1994 $7,870,982,005 $713,703,704
1993 $7,249,533,620 $684,814,815
1992 $7,157,424,031 $674,074,074
1991 $6,984,367,763 $613,703,704
1990 $5,812,114,523 $579,629,630
1989 $4,757,732,200 $486,666,667
1988 $4,255,683,528 $429,629,630
1987 $3,971,044,724 $375,555,556
1986 $3,723,993,943 $340,000,000
1985 $3,282,449,236 $284,444,444
1984 $4,502,462,807 $251,481,481
1983 $5,673,248,726 $197,037,037
1982 $5,419,411,765 $183,333,333
1981 $5,624,515,873 $194,444,444
1980 $4,448,087,302 $170,370,370
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/saint-lucia | CC BY

GDP per capita in Paraguay vs Saint Lucia by year

Paraguay
GDP per capita

GDP per capita, PPP
Saint Lucia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Paraguay Saint Lucia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,027 - $14,746 -
2024 $6,457 $18,524 $14,494 $27,567
2023 $6,303 $17,564 $13,617 $25,975
2022 $6,189 $16,347 $12,976 $24,599
2021 $5,975 $15,406 $10,481 $19,101
2020 $5,365 $14,309 $8,537 $14,912
2019 $5,821 $14,150 $11,764 $18,710
2018 $6,258 $14,139 $11,643 $17,433
2017 $6,152 $13,977 $11,333 $16,131
2016 $5,775 $13,329 $10,638 $15,307
2015 $5,879 $12,679 $10,335 $14,353
2014 $6,652 $12,607 $10,045 $14,403
2013 $6,436 $12,137 $9,577 $14,010
2012 $5,642 $10,954 $9,260 $13,443
2011 $5,805 $11,442 $9,129 $13,471
2010 $4,751 $10,893 $8,674 $12,718
2009 $3,942 $9,802 $8,251 $12,600
2008 $4,385 $9,867 $8,517 $12,969
2007 $3,212 $9,179 $7,964 $12,199
2006 $2,439 $8,561 $7,611 $11,758
2005 $1,971 $8,007 $6,863 $10,818
2004 $1,786 $7,686 $6,495 $10,610
2003 $1,444 $7,276 $6,059 $9,707
2002 $1,368 $6,924 $5,568 $9,205
2001 $1,638 $6,916 $5,570 $9,106
2000 $1,736 $6,937 $5,880 $9,314
1999 $1,766 $7,080 $5,883 $9,214
1998 $1,890 $7,227 $5,673 $8,965
1997 $2,079 $7,299 $5,282 $8,456
1996 $2,088 $7,040 $5,244 $8,490
1995 $1,979 $6,966 $5,148 $8,222
1994 $1,760 $6,542 $4,892 $8,041
1993 $1,662 $6,234 $4,765 $7,865
1992 $1,683 $5,952 $4,760 $7,753
1991 $1,685 $5,873 $4,399 $7,127
1990 $1,440 $5,637 $4,205 $6,951
1989 $1,211 - $3,565 -
1988 $1,114 - $3,182 -
1987 $1,069 - $2,819 -
1986 $1,031 - $2,591 -
1985 $935 - $2,202 -
1984 $1,319 - $1,979 -
1983 $1,710 - $1,576 -
1982 $1,680 - $1,489 -
1981 $1,793 - $1,605 -
1980 $1,457 - $1,428 -
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/saint-lucia | CC BY

Paraguay's GDP per capita is $7,027, ranking 105/197, compared to $14,746 in Saint Lucia, ranking 72/197. Adjusted for purchasing power (GDP per capita PPP), Paraguay ranks 102nd at $18,524, while Saint Lucia ranks 75th at $27,567.

Economic indicators

Paraguay Saint Lucia
Gross domestic product
$49.3B
2025
$2.66B
2025
GDP rank
97/197
2025
173/197
2025
GDP growth
6.64%
2024-2025
-0.57%
2024-2025
GDP per capita
$7,027
2025
$14,746
2025
GDP per capita rank
105/197
2025
72/197
2025
GDP per capita, PPP
$18,524
2024
$27,567
2024
GDP per capita PPP rank
102/197
2024
75/197
2024
Government debt
$18.8B
2025
$2.05B
2025
Debt-to-GDP ratio
38.1%
2025
77.1%
2025
Government debt per person
$2,679
2025
$11,365
2025
Government debt per person rank
111/185
2025
53/185
2025
Average annual personal income after taxes
$6,874
2026
$12,464
2026
Market capitalization of domestic companies
$313M
1999
n/a
Income share by richest 10%
35%
2024
34.1%
2015
Income share by poorest 10%
2%
2024
2.1%
2015
Government expenditure, % of GDP
19.6%
2025
25.2%
2025
Consumer prices inflation
4.04%
2024-2025
2.03%
2024-2025
Central bank interest rate
5.75%
2026
n/a
Unemployment rate
4.63%
2025
7.66%
2025
Population
7138671
180676

Spending and national debt comparison by year

Paraguay
Spending

Debt
Saint Lucia
Spending

Debt
1x
Year % of GDP
Paraguay Saint Lucia
Government spending Government debt Government spending Government debt
2025 19.6% 38.1% 25.2% 77.1%
2024 20.9% 44.6% 24.4% 76.7%
2023 21.5% 41% 25.3% 75.2%
2022 20.2% 40.6% 23.8% 73.9%
2021 20.5% 37.5% 26.7% 81.9%
2020 22.6% 36.9% 33.1% 94.4%
2019 20.1% 25.8% 24.6% 62.1%
2018 18.5% 22.3% 23.2% 60.3%
2017 18.1% 19.8% 23% 59.9%
2016 17.7% 19.4% 22.6% 60.2%
2015 18% 18.6% 22.1% 60.6%
2014 17.1% 15.6% 22.6% 61.9%
2013 17.1% 13.5% 24.3% 61.2%
2012 17.6% 12.3% 27.1% 60.2%
2011 14.7% 11.1% 26.9% 54.9%
2010 13.3% 13% 25.6% 52.2%
2009 14.3% 14.9% 24.2% 50.2%
2008 11.8% 16% 22.3% 46.9%
2007 13.1% 16.8% 22.2% 48.2%
2006 14.1% 21% 24.4% 48%
2005 14% 28.3% 25.3% 50.4%
2004 14% 36% 22.5% 48.8%
2003 14.6% 37.5% 22.5% 44.7%
2002 17.6% 50.5% 23% 47.7%
2001 19% 37.1% 22% 38%
2000 19.6% 33.6% 20.9% 32.8%
1999 19.2% 32% 20.9% 28.8%
1998 18% 22.1% 18.6% 29.1%
1997 18.1% 18% 19% 26.6%
1996 16.9% 16.8% 18.8% 23.9%
1995 15.7% 17.6% 19% 22.7%
1994 14.5% 18.7% 18.7% 23.4%
1993 12.9% 26.6% 21.6% 22.7%
1992 13% 34.4% 18.3% 22.1%
1991 11.4% 49.4% 18% 19.3%
1990 10.5% 67% 16.5% 16.7%
1989 11.8% 52.9% 19% 18.1%
1988 9.75% 58.9% 18.2% 18.6%
1987 10.1% 68.7% 19.9% 19.6%
1986 9.25% 57.1% 21.1% 17.2%
1985 11.4% 54.7% 20.4% 17.1%
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/paraguay/saint-lucia | CC BY

In 2025, Paraguay's government spending was $9.66B, accounting for 19.6% of its GDP, while Saint Lucia spent $671M, or 25.2% of GDP.

Debt-to-GDP ratio is 38.1% in Paraguay and 77.1% in Saint Lucia, ranking 138/185 and 48/185, respectively.

Government deficit by year

Deficit/surplus
Paraguay

Saint Lucia
1x
Year Deficit/surplus, % of GDP
Paraguay Saint Lucia
2025 -1.69% -2.88%
2024 -2.1% -1.81%
2023 -3.81% -3.18%
2022 -2.65% -2.48%
2021 -3.39% -5.35%
2020 -5.72% -11.5%
2019 -2.44% -2.95%
2018 -1.01% -1.22%
2017 -0.44% -2.09%
2016 -0.37% -1.53%
2015 -0.44% -1.18%
2014 -0.27% -2.29%
2013 -1.16% -3.98%
2012 -0.58% -6.93%
2011 1.29% -5.35%
2010 1.54% -4.11%
2009 0.59% -2.63%
2008 2.29% -0.72%
2007 1.27% -1.59%
2006 0.91% -5.01%
2005 0.74% -6%
2004 1.33% -2.58%
2003 -0.07% -3.17%
2002 -1.89% -3.03%
2001 0.07% -3.07%
2000 -0.55% -1.17%
1999 2.67% 1.61%
1998 4.28% 2.22%
1997 3% -1.1%
1996 2.43% -0.57%
1995 2.78% -0.13%
1994 4.59% -0.02%
1993 4.27% -0.25%
1992 3.1% -0.66%
1991 3.41% -0.42%
1990 7.56% 0.29%
1989 5.48% 0.89%
1988 3.01% 2.02%
1987 2.68% 0.56%
1986 3.08% -1.61%
1985 0.85% -1.5%
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/paraguay/saint-lucia | 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 Saint Lucia's deficit of $76.5M, or 2.88% of GDP.

Over the past 41 years, Paraguay recorded a fiscal deficit in 17 of those years, while Saint Lucia ran a deficit in 35 years. On average, Paraguay posted an annual surplus equal to 0.84% of GDP, compared to deficit of 2.11% of GDP for Saint Lucia.

Inflation comparison by year

Inflation
Paraguay

Saint Lucia
1x
Year Consumer prices inflation
Paraguay Saint Lucia
2025 4.04% 2.03%
2024 3.84% -0.67%
2023 4.63% 3.82%
2022 9.77% 9.65%
2021 4.79% 2.41%
2020 1.77% -1.76%
2019 2.76% 0.54%
2018 3.98% 1.94%
2017 3.6% 0.1%
2016 4.09% -3.08%
2015 3.13% -0.98%
2014 5.03% 3.52%
2013 2.68% 1.47%
2012 3.68% 4.18%
2011 8.25% 2.77%
2010 4.65% 3.25%
2009 2.59% -0.16%
2008 10.2% 5.55%
2007 8.13% 2.82%
2006 9.59% 2.4%
2005 6.81% 3.9%
2004 4.32% 1.46%
2003 14.2% 1.03%
2002 10.5% -0.26%
2001 7.27% 5.31%
2000 8.98% 3.71%
1999 6.75% 3.5%
1998 11.6% 3.2%
1997 6.95% -0.006%

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

GeoRank.org/economy/paraguay/saint-lucia | CC BY

Over the past 29 years, Paraguay has recorded an average annual inflation rate of 6.16%, compared with 2.13% in Saint Lucia. In 2025, inflation was 4.04% in Paraguay and 2.03% in Saint Lucia.

Balance of trade

Paraguay Saint Lucia
Current account balance
-$1.57B
2025
-$166M
2025
Current account balance ranking
131/190
2025
89/190
2025
Current account balance, % of GDP
-3.18%
2025
-6.26%
2025
Goods imports
$17.5B
2025
$834M
2025
Goods exports
$15.4B
2025
$144M
2025
Service imports
$2.75B
2025
$672M
2025
Service exports
$3.72B
2025
$1.4B
2025
Imports of goods and services, % of GDP
39.3%
2025
n/a
Exports of goods and services, % of GDP
37.2%
2025
19%
2026

Economic freedom indices

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

Paraguay Saint Lucia
Economic freedom 66.4 67.5
Economic freedom ranking 61/197 57/197
Property rights 44.2 64.3
Government integrity 27.3 59.7
Judicial effectiveness 38.4 77.3
Tax burden 95.9 77.7
Government spending 86.9 82.6
Fiscal health 83 80
Business freedom 72 71.9
Labor freedom 44.1 65.2
Monetary freedom 76.5 81
Trade freedom 78.4 60
Investment freedom 80 50
Financial freedom 70 40

Economic freedom comparison by year

Paraguay
Saint Lucia
1x
Year Economic freedom index
Paraguay Saint Lucia
2026 66.4 67.5
2025 65.2 67
2024 60.1 62.2
2023 61 60.7
2022 62.9 64.3
2021 62.6 67.5
2020 63 68.2
2019 61.8 68.7
2018 62.1 67.6
2017 62.4 65
2016 61.5 70
2015 61.1 70.2
2014 62 70.7
2013 61.1 70.4
2012 61.8 71.3
2011 62.3 70.8
2010 61.3 70.5
2009 61 68.8
2008 60 -
2007 58.3 -
2006 55.6 -
2005 53.4 -
2004 56.7 -
2003 58.2 -
2002 59.6 -
2001 60.3 -
2000 64 -
1999 63.7 -
1998 65.2 -
1997 67.3 -
1996 67.1 -
1995 65.9 -

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

GeoRank.org/economy/paraguay/saint-lucia | CC BY

The Economic Freedom Index for Paraguay is 66.4, ranking 61/197, compared to 67.5 for Saint Lucia, ranking 57/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Paraguay Saint Lucia
Services, % of GDP
48.1%
2025
73.8%
2025
Industry, % of GDP
32.3%
2025
10.7%
2025
Agriculture, forestry, and fishing, % of GDP
11.6%
2025
1.66%
2025
GNI, Atlas method
$47.4B
2025
$2.42B
2025
GNI per capita, PPP
$19,390
2025
$26,180
2025
Total reserves including gold
$9.57B
2024
$447M
2025
Total reserves ranking
82/177
2024
160/177
2025
Net foreign direct investment
-$945M
2025
-$175M
2025
Net inflows of foreign direct investment
$1.1B
2024
$187M
2024
Net outflows of foreign direct investment
$166M
2024
-$350K
2024
Servicing debt to the IMF, % of GNI
4.58%
2024
3.35%
2024
Poverty at national poverty lines
20.1%
2024
25%
2016
Gross capital formation, % of GDP
25.3%
2025
n/a

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/saint-lucia | 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. 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.