Paraguay vs Spain: Economic Indicators Comparison

Spain with a GDP of $1.4T ranked the 14th largest economy in the world, while Paraguay ranked 94th with $40.5B. By GDP 5-years average growth and GDP per capita, Spain and Paraguay ranked 104th vs 50th and 34th vs 104th, respectively.

Gross Domestic Product & Income

StatParaguaySpain
GDP$40.5B$1.4T
GDP growth, 1 year3.7%2.5%
GDP growth, 5-years average4.2%2.7%
Population6.8M46.7M
GDP per capita$5.8k$30k
GDP per capita growth2.35%2.07%
Purchasing Power Parity conversion factor2453.780.65
Price level ratio of PPP conversion factor GDP to market exchange rate0.430.76
GDP per capita, PPP adjusted$13k$40k
GNI, Atlas method$39.4B$1.4T
GNI per capita$5.7k$29k
GNI, PPP adjusted$91.9B$1.9T
GNI per capita, PPP adjusted$13k$40k

Financial system and Human development

StatParaguaySpain
Income Tax Rate10%45%
Corporate Tax Rate10%25%
Inflation, consumer prices4%1.7%
Inflation, GDP deflator2.1%1.1%
Unemployment4.7%15.5%
Economic Freedom Index6366.9
Personal Freedom Index7.38.95
Human Freedom Index7.028.22
Property Rights Index44.774.9
Judical Effectiveness Index26.451.8
Business Freedom Index60.966.8
Fiscal Health Index9862.6
Labor Freedom Index2957.7
Investment Freedom Index7585
Financial Freedom Index6070
Trade Freedom Index75.486.4
Monetary Freedom Index72.582
Government Spending Index88.648.3
Tax Burden Index96.162.1
Government Integrity Index29.655.1
Corruption Perceptions Index2958
Life expectancy at birth, years7483.3
Suicide mortality rate, per 100,000 people9.58.7
Mortality caused by road traffic injury, per 100,000 people22.74.1
Intentional homicides, per 100,000 people9.30.7
International tourism, number of arrivals1.2M82.8M

Government debt & reserves

StatParaguaySpain
Central government debt, % of GDP21.6%97%
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%9.1%
Gross savings, % of GDP23.2%22.3%
Gross capital formation, % of GDP22.4%20.4%
Total reserves including gold$7.7B$70.6B
Foreign direct investment net inflows$386.9M$49.1B

Exports, imports and economic structure

StatParaguaySpain
Exports of goods and services, % of GDP36%35.1%
Imports of goods and services, % of GDP34.4%32.4%
Current account balance (balance of payments)$8.6M$27.3B
Revenue excluding grants, % of GDP17.4%15.7%
Grants excluding technical cooperation, BoP$64.1MN/A
Personal remittances received$682.9M$3.4B
Industry including construction value added, % of GDP33.9%20%
Agriculture, forestry and fishing value added, % of GDP10.4%2.8%
Charges for the use of intellectual property, payments BoP$18.5M$6.6B
Charges for the use of intellectual property, receipts BoP$114.1M$2.5B
Expense, % of GDP15.6%18.8%
Government Expenditure, % of GDP19.5%41.5%

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

Spain vs

CountryGDP
per capita
Population
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
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
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
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M