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Economy of Paraguay vs Samoa compared: GDP & Debt

Updated on by Georank team

Paraguay has a GDP of $44.5B compared to $1.18B for Samoa, ranking 98/197 and 185/197 by economy size, respectively.

Paraguay has $19.9B in government debt (44.8% of GDP), compared to $296M (25.2% of GDP) in Samoa.

Paraguay vs Samoa GDP by year

Paraguay
Samoa
1x
Year GDP, current $
Paraguay Samoa
2024 $44,458,118,397 $1,175,749,786
2023 $43,118,053,175 $1,044,909,500
2022 $41,952,910,858 $889,554,712
2021 $39,950,899,939 $859,724,936
2020 $35,432,178,068 $868,884,903
2019 $37,925,338,329 $912,950,466
2018 $40,225,448,341 $878,448,433
2017 $38,997,129,474 $884,844,384
2016 $36,089,700,223 $843,924,797
2015 $36,211,447,840 $824,150,499
2014 $40,377,929,296 $796,683,520
2013 $38,501,122,141 $797,736,334
2012 $33,271,921,136 $773,141,661
2011 $33,756,238,766 $744,097,050
2010 $27,260,886,405 $680,260,907
2009 $22,355,151,162 $628,006,115
2008 $24,615,267,664 $641,346,192
2007 $17,856,393,235 $573,548,460
2006 $13,429,430,050 $499,923,758
2005 $10,737,500,188 $476,801,793
2004 $9,624,440,836 $407,747,565
2003 $7,691,367,471 $333,426,188
2002 $7,196,260,657 $281,790,134
2001 $8,495,806,432 $266,299,591
2000 $8,855,705,140 $258,856,140
1999 $8,837,070,236 $255,408,060
1998 $9,260,481,572 $269,485,244
1997 $9,965,225,678 $285,475,592
1996 $9,788,391,781 $249,907,869
1995 $9,062,131,475 $224,865,731
1994 $7,870,982,005 $221,098,107
1993 $7,249,533,620 $133,122,897
1992 $7,157,424,031 $132,303,041
1991 $6,984,367,763 $125,597,205
1990 $5,812,114,523 $125,766,270
1989 $4,757,732,200 $122,888,610
1988 $4,255,683,528 $133,016,065
1987 $3,971,044,724 $111,713,922
1986 $3,723,993,943 $100,947,849
1985 $3,282,449,236 $95,572,173
1984 $4,502,462,807 $109,200,934
1983 $5,673,248,726 $111,862,824
1982 $5,419,411,765 $121,221,652
1981 $5,624,515,873 $118,190,655
1980 $4,448,087,302 $125,747,038
1979 $3,416,777,778 $122,257,393
1978 $2,559,857,143 $108,223,444
1977 $2,092,158,730 $98,295,671
1976 $1,698,960,317 $85,003,078
1975 $1,511,420,635 $93,489,283
1974 $1,333,475,397 $93,549,611
1973 $995,531,746 $82,452,985
1972 $769,039,683 $62,566,116
1971 $664,571,429 $53,719,569
1970 $594,611,111 $45,208,338
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Paraguay vs Samoa by year

Paraguay
GDP per capita

GDP per capita, PPP
Samoa
GDP per capita

GDP per capita, PPP
1x
Year Current $
Paraguay Samoa
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,416 $18,524 $5,393 $8,737
2023 $6,300 $17,564 $4,823 $8,195
2022 $6,206 $16,347 $4,132 $6,909
2021 $5,977 $15,406 $4,022 $6,350
2020 $5,365 $14,309 $4,100 $6,451
2019 $5,821 $14,150 $4,352 $6,638
2018 $6,258 $14,139 $4,232 $6,318
2017 $6,152 $13,977 $4,308 $6,280
2016 $5,775 $13,329 $4,147 $6,141
2015 $5,879 $12,679 $4,084 $5,682
2014 $6,652 $12,607 $3,983 $5,468
2013 $6,436 $12,137 $4,024 $5,387
2012 $5,642 $10,954 $3,935 $5,339
2011 $5,805 $11,442 $3,822 $5,494
2010 $4,751 $10,893 $3,524 $5,229
2009 $3,942 $9,802 $3,279 $4,906
2008 $4,385 $9,867 $3,374 $4,939
2007 $3,212 $9,179 $3,039 $4,713
2006 $2,439 $8,561 $2,663 $4,592
2005 $1,971 $8,007 $2,550 $4,379
2004 $1,786 $7,686 $2,189 $3,997
2003 $1,444 $7,276 $1,798 $3,792
2002 $1,368 $6,924 $1,528 $3,553
2001 $1,638 $6,916 $1,454 $3,335
2000 $1,736 $6,937 $1,425 $3,062
1999 $1,766 $7,080 $1,417 $2,871
1998 $1,890 $7,227 $1,506 $2,792
1997 $2,079 $7,299 $1,608 $2,722
1996 $2,088 $7,040 $1,419 $2,681
1995 $1,979 $6,966 $1,288 $2,478
1994 $1,760 $6,542 $1,277 $2,294
1993 $1,662 $6,234 $775 $2,323
1992 $1,683 $5,952 $777 $2,198
1991 $1,685 $5,873 $742 $2,166
1990 $1,440 $5,637 $744 $2,148
1989 $1,211 - $728 -
1988 $1,114 - $790 -
1987 $1,069 - $666 -
1986 $1,031 - $604 -
1985 $935 - $573 -
1984 $1,319 - $655 -
1983 $1,710 - $671 -
1982 $1,680 - $728 -
1981 $1,793 - $713 -
1980 $1,457 - $765 -
1979 $1,149 - $751 -
1978 $883 - $671 -
1977 $740 - $615 -
1976 $616 - $541 -
1975 $562 - $610 -
1974 $508 - $626 -
1973 $389 - $563 -
1972 $308 - $433 -
1971 $272.1 - $377 -
1970 $249 - $322 -
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 (1960–2024, retrieved 2026-04-06).

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

Paraguay's GDP per capita is $6,416, ranking 109/197, compared to $5,393 in Samoa, ranking 117/197. Adjusted for purchasing power (GDP per capita PPP), Paraguay ranks 102nd at $18,524, while Samoa ranks 137th at $8,737.

Economic indicators

Paraguay Samoa
Gross domestic product
$44.5B
2024
$1.18B
2024
GDP rank
98/197
2024
185/197
2024
GDP growth
4.25%
2023-2024
4.75%
2023-2024
GDP per capita
$6,416
2024
$5,393
2024
GDP per capita rank
109/197
2024
117/197
2024
GDP per capita, PPP
$18,524
2024
$8,737
2024
GDP per capita PPP rank
102/197
2024
137/197
2024
Government debt
$19.9B
2024
$296M
2024
Debt-to-GDP ratio
44.8%
2024
25.2%
2024
Government debt per person
$2,872
2024
$1,357
2024
Government debt per person rank
103/185
2024
135/185
2024
Average annual personal income after taxes
$6,136
2026
$3,750
2026
Market capitalization of domestic companies
$313M
1999
n/a
Income share by richest 10%
35%
2024
31.3%
2013
Income share by poorest 10%
2%
2024
2.7%
2013
Government expenditure, % of GDP
21%
2024
26.3%
2024
Consumer prices inflation
3.84%
2023-2024
2.17%
2023-2024
Central bank interest rate
6%
2024
0.37%
2024
Unemployment rate
5.69%
2024
5.05%
2022
Population
7120169
220932

Spending and national debt comparison by year

Paraguay
Spending

Debt
Samoa
Spending

Debt
1x
Year % of GDP
Paraguay Samoa
Government spending Government debt Government spending Government debt
2024 21% 44.8% 26.3% 25.2%
2023 21.5% 41.1% 28.8% 31.8%
2022 20.2% 40.5% 31.1% 41%
2021 20.4% 37.5% 34.1% 45.4%
2020 22.6% 36.9% 30.5% 43.2%
2019 20.1% 25.8% 31.8% 44.3%
2018 18.5% 22.3% 30% 49.4%
2017 18.1% 19.8% 30.9% 46.7%
2016 17.7% 19.4% 27.3% 49%
2015 18% 18.6% 30.5% 56.4%
2014 17.1% 15.6% 35.3% 54.9%
2013 17.1% 13.5% 30.7% 54.1%
2012 17.6% 12.3% 33.6% 50.9%
2011 14.7% 11.1% 33.7% 41.5%
2010 13.3% 13% 29.4% 40.3%
2009 14.3% 14.9% 31.5% 33.3%
2008 11.8% 16% 27.7% 28.2%
2007 13.1% 16.8% 31.1% 31.5%
2006 14.1% 21% 27.7% 33.5%
2005 14% 28.3% 30.6% 34.2%
2004 14% 36% 27.3% 39.8%
2003 14.6% 37.5% 28.5% 42.8%
2002 17.6% 50.5% 30.7% 50.3%
2001 19% 37.1% 30% 53.8%
2000 19.6% 33.6% 30.4% 55.8%
1999 19.2% 32% 33.8% 59.4%
1998 18% 22.1% 28.1% 58.9%
1997 18.1% 18% 31% -
1996 16.9% 16.8% 38.9% -
1995 15.7% 17.6% 42.2% -
1994 14.5% 18.7% 54.1% -
1993 12.9% 26.6% 49.5% -
1992 13% 34.4% 43.4% -
1991 11.4% 49.4% - -
1990 10.5% 67% - -
1989 11.8% 52.9% - -
1988 9.75% 58.9% - -
1987 10.1% 68.7% - -
1986 9.25% 57.1% - -
1985 11.4% 54.7% - -
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-02-20).

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

In 2024, Paraguay's government spending was $9.33B, accounting for 21% of its GDP, while Samoa spent $310M, or 26.3% of GDP.

Debt-to-GDP ratio is 44.8% in Paraguay and 25.2% in Samoa, ranking 120/185 and 165/185, respectively.

Government deficit by year

Deficit/surplus
Paraguay

Samoa
1x
Year Deficit/surplus, % of GDP
Paraguay Samoa
2024 -2.12% 9.29%
2023 -3.81% 2.7%
2022 -2.64% 5.03%
2021 -3.39% 1.71%
2020 -5.72% 5.41%
2019 -2.44% 1.51%
2018 -1.01% 0.06%
2017 -0.44% -1.98%
2016 -0.37% -0.35%
2015 -0.44% -3.79%
2014 -0.27% -5.38%
2013 -1.16% -3.82%
2012 -0.58% -7.43%
2011 1.29% -5.25%
2010 1.54% -5.49%
2009 0.59% -2.98%
2008 2.29% -0.36%
2007 1.27% 0.55%
2006 0.91% -0.44%
2005 0.74% 0.23%
2004 1.33% -0.74%
2003 -0.07% -0.51%
2002 -1.89% -1.77%
2001 0.07% -1.96%
2000 -0.55% -0.62%
1999 2.67% 0.27%
1998 4.28% 1.64%
1997 3% 1.92%
1996 2.43% 1.21%
1995 2.78% -5.82%
1994 4.59% -9.51%
1993 4.27% -13.2%
1992 3.1% -9.89%
1991 3.41% -
1990 7.56% -
1989 5.48% -
1988 3.01% -
1987 2.68% -
1986 3.08% -
1985 0.85% -
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-02-20).

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

In 2024, Paraguay's government deficit, the difference between spending and revenue, was $942M, equivalent to 2.12% of GDP. This compares to Samoa's surplus of $109M, or 9.29% of GDP.

Over the past 33 years, Paraguay recorded a fiscal deficit in 16 of those years, while Samoa ran a deficit in 20 years. On average, Paraguay posted an annual surplus equal to 0.31% of GDP, compared to deficit of 1.51% of GDP for Samoa.

Inflation comparison by year

Inflation
Paraguay

Samoa
1x
Year Consumer prices inflation
Paraguay Samoa
2024 3.84% 2.17%
2023 4.63% 7.92%
2022 9.77% 11%
2021 4.79% 3.13%
2020 1.77% -1.57%
2019 2.76% 0.98%
2018 3.98% 4.2%
2017 3.6% 1.75%
2016 4.09% 1.3%
2015 3.13% 0.72%
2014 5.03% -0.41%
2013 2.68% 0.61%
2012 3.68% 2.05%
2011 8.25% 5.24%
2010 4.65% 0.78%
2009 2.59% 6.32%
2008 10.2% 11.6%
2007 8.13% 5.58%
2006 9.59% 3.7%
2005 6.81% 1.86%
2004 4.32% 16.3%
2003 14.2% 0.12%
2002 10.5% 8.05%
2001 7.27% 3.84%
2000 8.98% 0.97%
1999 6.75% 0.27%
1998 11.6% 2.22%
1997 6.95% 6.86%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Paraguay has recorded an average annual inflation rate of 6.23%, compared with 3.84% in Samoa. In 2024, inflation was 3.84% in Paraguay and 2.17% in Samoa.

Balance of trade

Paraguay Samoa
Current account balance
-$1.53B
2024
$65.6M
2024
Current account balance ranking
133/190
2024
72/190
2024
Current account balance, % of GDP
-3.44%
2024
+5.58%
2024
Goods imports
$15.8B
2024
$448M
2024
Goods exports
$14.9B
2024
$42.2M
2024
Service imports
$2.54B
2024
$128M
2024
Service exports
$2.65B
2024
$327M
2024
Imports of goods and services, % of GDP
39.6%
2024
48.9%
2024
Exports of goods and services, % of GDP
37.2%
2024
30.7%
2024

Economic freedom indices

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

Paraguay Samoa
Economic freedom 66.4 68
Economic freedom ranking 61/197 52/197
Property rights 44.2 77.1
Government integrity 27.3 64.1
Judicial effectiveness 38.4 77.6
Tax burden 95.9 79.3
Government spending 86.9 75.2
Fiscal health 83 98.7
Business freedom 72 63.7
Labor freedom 44.1 73.7
Monetary freedom 76.5 69.4
Trade freedom 78.4 67.2
Investment freedom 80 40
Financial freedom 70 30

Economic freedom comparison by year

Paraguay
Samoa
1x
Year Economic freedom index
Paraguay Samoa
2026 66.4 68
2025 65.2 66.6
2024 60.1 67.2
2023 61 68.3
2022 62.9 68.3
2021 62.6 61.9
2020 63 62.1
2019 61.8 62.2
2018 62.1 61.5
2017 62.4 58.4
2016 61.5 63.5
2015 61.1 61.9
2014 62 61.1
2013 61.1 57.1
2012 61.8 60.5
2011 62.3 60.6
2010 61.3 60.4
2009 61 59.5
2008 60 -
2007 58.3 -
2006 55.6 -
2005 53.4 -
2004 56.7 -
2003 58.2 -
2002 59.6 -
2001 60.3 63.1
2000 64 60.8
1999 63.7 58.7
1998 65.2 49.9
1997 67.3 51.5
1996 67.1 47.6
1995 65.9 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Paraguay is 66.4, ranking 61/197, compared to 68 for Samoa, ranking 52/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Paraguay Samoa
Services, % of GDP
48.7%
2024
69.4%
2024
Industry, % of GDP
32.5%
2024
10.6%
2024
Agriculture, forestry, and fishing, % of GDP
10.7%
2024
9.8%
2024
GNI, Atlas method
$43.7B
2024
$1.1B
2024
GNI per capita, PPP
$17,930
2024
$8,620
2024
Total reserves including gold
$9.89B
2023
$508M
2024
Total reserves ranking
76/177
2023
155/177
2024
Net foreign direct investment
-$335M
2024
-$1.69M
2024
Net inflows of foreign direct investment
$1.1B
2024
$3.74M
2024
Net outflows of foreign direct investment
$166M
2024
$2.05M
2024
Servicing debt to the IMF, % of GNI
4.58%
2024
3.15%
2024
Poverty at national poverty lines
20.1%
2024
21.9%
2018
Gross capital formation, % of GDP
22.8%
2024
29%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.