Skip to content

Economy of Paraguay vs Sudan compared: GDP & Debt

Updated on by Georank team

Paraguay has a GDP of $44.5B compared to $49.7B for Sudan, ranking 98/197 and 94/197 by economy size, respectively.

Paraguay has $19.9B in government debt (44.8% of GDP), compared to $130B (261.4% of GDP) in Sudan.

Paraguay vs Sudan GDP by year

Paraguay
Sudan
1x
Year GDP, current $
Paraguay Sudan
2024 $44,458,118,397 $49,672,435,513
2023 $43,118,053,175 $39,898,289,821
2022 $41,952,910,858 $51,666,875,363
2021 $39,950,899,939 $34,229,513,775
2020 $35,432,178,068 $27,034,593,750
2019 $37,925,338,329 $32,338,079,165
2018 $40,225,448,341 $32,333,780,383
2017 $38,997,129,474 $41,283,617,976
2016 $36,089,700,223 $42,630,376,000
2015 $36,211,447,840 $51,726,758,677
2014 $40,377,929,296 $49,516,748,618
2013 $38,501,122,141 $43,024,018,082
2012 $33,271,921,136 $37,632,919,967
2011 $33,756,238,766 $55,018,567,211
2010 $27,260,886,405 $58,962,978,034
2009 $22,355,151,162 $51,621,044,077
2008 $24,615,267,664 $64,833,083,257
2007 $17,856,393,235 $59,440,139,775
2006 $13,429,430,050 $45,263,831,634
2005 $10,737,500,188 $35,182,711,988
2004 $9,624,440,836 $26,646,007,251
2003 $7,691,367,471 $21,355,298,460
2002 $7,196,260,657 $18,137,128,388
2001 $8,495,806,432 $15,716,361,792
2000 $8,855,705,140 $12,257,299,147
1999 $8,837,070,236 $10,682,028,340
1998 $9,260,481,572 $11,250,221,537
1997 $9,965,225,678 $11,681,175,864
1996 $9,788,391,781 $9,018,300,725
1995 $9,062,131,475 $13,830,363,900
1994 $7,870,982,005 $12,793,794,737
1993 $7,249,533,620 $8,881,005,436
1992 $7,157,424,031 $7,031,933,492
1991 $6,984,367,763 $44,171,194,366
1990 $5,812,114,523 $33,641,222,222
1989 $4,757,732,200 $21,408,111,111
1988 $4,255,683,528 $14,372,555,556
1987 $3,971,044,724 $12,093,333,333
1986 $3,723,993,943 $10,092,200,000
1985 $3,282,449,236 $8,075,259,600
1984 $4,502,462,807 $10,447,615,385
1983 $5,673,248,726 $8,230,153,846
1982 $5,419,411,765 $8,732,542,274
1981 $5,624,515,873 $10,753,888,154
1980 $4,448,087,302 $8,951,800,000
1979 $3,416,777,778 $8,418,407,787
1978 $2,559,857,143 $8,128,719,315
1977 $2,092,158,730 $7,499,005,639
1976 $1,698,960,317 $6,013,210,816
1975 $1,511,420,635 $4,823,090,192
1974 $1,333,475,397 $3,958,931,660
1973 $995,531,746 $3,077,254,460
1972 $769,039,683 $2,483,055,722
1971 $664,571,429 $2,288,340,041
1970 $594,611,111 $2,100,229,759
1969 $556,293,651 $1,847,501,441
1968 $517,650,794 $1,677,771,401
1967 $492,674,603 $1,607,409,539
1966 $465,888,889 $1,484,491,676
1965 $443,587,302 $1,446,869,619
1964 $408,349,206 $1,388,282,600
1963 $383,904,762 $1,351,234,926
1962 $360,698,413 $1,328,259,625
1961 $322,053,713 $1,222,860,429
1960 $288,884,368 $1,126,364,162

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Paraguay vs Sudan by year

Paraguay
GDP per capita

GDP per capita, PPP
Sudan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Paraguay Sudan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,416 $18,524 $985 $2,116
2023 $6,300 $17,564 $797 $2,421
2022 $6,206 $16,347 $1,046 $3,355
2021 $5,977 $15,406 $712 $3,249
2020 $5,365 $14,309 $578 $3,349
2019 $5,821 $14,150 $710 $3,914
2018 $6,258 $14,139 $731 $4,199
2017 $6,152 $13,977 $967 $4,252
2016 $5,775 $13,329 $1,033 $4,470
2015 $5,879 $12,679 $1,292 $4,217
2014 $6,652 $12,607 $1,275 $4,261
2013 $6,436 $12,137 $1,139 $3,725
2012 $5,642 $10,954 $1,019 $3,710
2011 $5,805 $11,442 $1,522 $4,112
2010 $4,751 $10,893 $1,665 $3,806
2009 $3,942 $9,802 $1,493 $3,732
2008 $4,385 $9,867 $1,928 $3,938
2007 $3,212 $9,179 $1,814 $3,836
2006 $2,439 $8,561 $1,415 $3,637
2005 $1,971 $8,007 $1,125 $3,407
2004 $1,786 $7,686 $872 $3,215
2003 $1,444 $7,276 $714 $3,058
2002 $1,368 $6,924 $621 $2,898
2001 $1,638 $6,916 $551 $2,769
2000 $1,736 $6,937 $441 $2,616
1999 $1,766 $7,080 $394 $2,475
1998 $1,890 $7,227 $425 $2,428
1997 $2,079 $7,299 $453 $2,358
1996 $2,088 $7,040 $357 $2,006
1995 $1,979 $6,966 $561 $1,902
1994 $1,760 $6,542 $532 $1,805
1993 $1,662 $6,234 $379 $1,794
1992 $1,683 $5,952 $307 $1,710
1991 $1,685 $5,873 $1,966 $1,599
1990 $1,440 $5,637 $1,528 $1,468
1989 $1,211 - $992 -
1988 $1,114 - $680 -
1987 $1,069 - $584 -
1986 $1,031 - $497 -
1985 $935 - $406 -
1984 $1,319 - $534 -
1983 $1,710 - $431 -
1982 $1,680 - $472 -
1981 $1,793 - $605 -
1980 $1,457 - $525 -
1979 $1,149 - $515 -
1978 $883 - $518 -
1977 $740 - $497 -
1976 $616 - $413 -
1975 $562 - $343 -
1974 $508 - $291.5 -
1973 $389 - $235.8 -
1972 $308 - $198.2 -
1971 $272.1 - $189 -
1970 $249 - $179.6 -
1969 $238.2 - $163.5 -
1968 $226.8 - $153.7 -
1967 $220.9 - $152.4 -
1966 $213.9 - $145.6 -
1965 $208.7 - $146.8 -
1964 $197 - $145.7 -
1963 $189.9 - $146.6 -
1962 $182.8 - $148.9 -
1961 $167.1 - $141.6 -
1960 $153.4 - $134.7 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Paraguay's GDP per capita is $6,416, ranking 109/197, compared to $985 in Sudan, ranking 179/197. Adjusted for purchasing power (GDP per capita PPP), Paraguay ranks 102nd at $18,524, while Sudan ranks 185th at $2,116.

Economic indicators

Paraguay Sudan
Gross domestic product
$44.5B
2024
$49.7B
2024
GDP rank
98/197
2024
94/197
2024
GDP growth
4.25%
2023-2024
-14%
2023-2024
GDP per capita
$6,416
2024
$985
2024
GDP per capita rank
109/197
2024
179/197
2024
GDP per capita, PPP
$18,524
2024
$2,116
2024
GDP per capita PPP rank
102/197
2024
185/197
2024
Government debt
$19.9B
2024
$130B
2024
Debt-to-GDP ratio
44.8%
2024
261.4%
2024
Government debt per person
$2,872
2024
$2,574
2024
Government debt per person rank
103/185
2024
109/185
2024
Average annual personal income after taxes
$6,136
2026
$1,704
2026
Market capitalization of domestic companies
$313M
1999
n/a
Income share by richest 10%
35%
2024
27.8%
2014
Income share by poorest 10%
2%
2024
3.2%
2014
Government expenditure, % of GDP
21%
2024
6.39%
2024
Consumer prices inflation
3.84%
2023-2024
138.8%
2021-2022
Central bank interest rate
6%
2024
n/a
Unemployment rate
5.69%
2024
7.53%
2022
Population
7120169
53335233

Spending and national debt comparison by year

Paraguay
Spending

Debt
Sudan
Spending

Debt
1x
Year % of GDP
Paraguay Sudan
Government spending Government debt Government spending Government debt
2024 21% 44.8% 6.39% 261.4%
2023 21.5% 41.1% 8.23% 259.9%
2022 20.2% 40.5% 17.9% 186.9%
2021 20.4% 37.5% 9.84% 189.6%
2020 22.6% 36.9% 10.9% 278.3%
2019 20.1% 25.8% 18.7% 216.5%
2018 18.5% 22.3% 16.8% 209.8%
2017 18.1% 19.8% 12.8% 149.5%
2016 17.7% 19.4% 9.98% 109.9%
2015 18% 18.6% 12.4% 93.2%
2014 17.1% 15.6% 13.5% 84.4%
2013 17.1% 13.5% 15.3% 105.8%
2012 17.6% 12.3% 16.5% 117.7%
2011 14.7% 11.1% 18.2% 78.1%
2010 13.3% 13% 17.4% 74.6%
2009 14.3% 14.9% 18.8% 71%
2008 11.8% 16% 19.7% 55.8%
2007 13.1% 16.8% 19.6% 53.7%
2006 14.1% 21% 18.8% 63.7%
2005 14% 28.3% 19.7% 75.5%
2004 14% 36% 16.5% 97.8%
2003 14.6% 37.5% 12.5% 117.4%
2002 17.6% 50.5% 10.5% 121.7%
2001 19% 37.1% 9.87% 125.6%
2000 19.6% 33.6% 10.4% 143.2%
1999 19.2% 32% 8.4% 160.5%
1998 18% 22.1% 7.79% 179.7%
1997 18.1% 18% 7.38% 167.7%
1996 16.9% 16.8% 9.31% 220.9%
1995 15.7% 17.6% 12.9% 239%
1994 14.5% 18.7% 19.6% 386%
1993 12.9% 26.6% 23.7% 285.9%
1992 13% 34.4% 50.4% 495%
1991 11.4% 49.4% 45.7% -
1990 10.5% 67% 31% -
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/sudan | CC BY

In 2024, Paraguay's government spending was $9.33B, accounting for 21% of its GDP, while Sudan spent $3.17B, or 6.39% of GDP.

Debt-to-GDP ratio is 44.8% in Paraguay and 261.4% in Sudan, ranking 120/185 and 1/185, respectively.

Government deficit by year

Deficit/surplus
Paraguay

Sudan
1x
Year Deficit/surplus, % of GDP
Paraguay Sudan
2024 -2.12% -3.46%
2023 -3.81% -3.7%
2022 -2.64% -2.15%
2021 -3.39% -0.29%
2020 -5.72% -6.03%
2019 -2.44% -10.8%
2018 -1.01% -7.92%
2017 -0.44% -6.07%
2016 -0.37% -3.92%
2015 -0.44% -3.87%
2014 -0.27% -4.72%
2013 -1.16% -5.76%
2012 -0.58% -7.37%
2011 1.29% -2.33%
2010 1.54% 0.11%
2009 0.59% -3.8%
2008 2.29% 0.49%
2007 1.27% -2.84%
2006 0.91% -1.32%
2005 0.74% -1.88%
2004 1.33% 0.16%
2003 -0.07% 0.77%
2002 -1.89% -0.69%
2001 0.07% -0.77%
2000 -0.55% -0.7%
1999 2.67% -0.8%
1998 4.28% -0.56%
1997 3% -0.59%
1996 2.43% -2.61%
1995 2.78% -3.48%
1994 4.59% -3.03%
1993 4.27% -8.04%
1992 3.1% -24.5%
1991 3.41% -26.5%
1990 7.56% -16.2%
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/sudan | 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 Sudan's deficit of $1.72B, or 3.46% of GDP.

Over the past 35 years, Paraguay recorded a fiscal deficit in 16 of those years, while Sudan ran a deficit in 31 years. On average, Paraguay posted an annual surplus equal to 0.61% of GDP, compared to deficit of 4.72% of GDP for Sudan.

Inflation comparison by year

Inflation
Paraguay

Sudan
1x
Year Consumer prices inflation
Paraguay Sudan
2024 3.84% -
2023 4.63% -
2022 9.77% 138.8%
2021 4.79% 359%
2020 1.77% 163.3%
2019 2.76% 51%
2018 3.98% 63.3%
2017 3.6% 32.4%
2016 4.09% 17.8%
2015 3.13% 16.9%
2014 5.03% 36.9%
2013 2.68% 36.5%
2012 3.68% 35.6%
2011 8.25% 18.1%
2010 4.65% 13%
2009 2.59% 11.3%
2008 10.2% 14.3%
2007 8.13% 14.8%
2006 9.59% 7.2%
2005 6.81% 8.51%
2004 4.32% 9.66%
2003 14.2% 6.49%
2002 10.5% 22.2%
2001 7.27% 1.94%
2000 8.98% 7.12%
1999 6.75% 17.2%
1998 11.6% 24.6%
1997 6.95% 47.2%

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

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

Over the past 26 years, Paraguay has recorded an average annual inflation rate of 6.39%, compared with 45.2% in Sudan. In 2022, inflation was 3.84% in Paraguay and 138.8% in Sudan.

Balance of trade

Paraguay Sudan
Current account balance
-$1.53B
2024
-$4.44B
2022
Current account balance ranking
133/190
2024
165/190
2022
Current account balance, % of GDP
-3.44%
2024
-8.6%
2022
Goods imports
$15.8B
2024
$9.99B
2022
Goods exports
$14.9B
2024
$4.36B
2022
Service imports
$2.54B
2024
$1.59B
2022
Service exports
$2.65B
2024
$1.55B
2022
Imports of goods and services, % of GDP
39.6%
2024
1.27%
2024
Exports of goods and services, % of GDP
37.2%
2024
0.72%
2024

Economic freedom indices

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

Paraguay Sudan
Economic freedom 66.4 32.5
Economic freedom ranking 61/197 191/197
Property rights 44.2 6.5
Government integrity 27.3 13.8
Judicial effectiveness 38.4 2.4
Tax burden 95.9 84.7
Government spending 86.9 96.5
Fiscal health 83 64.6
Business freedom 72 27.3
Labor freedom 44.1 33.6
Monetary freedom 76.5 6.2
Trade freedom 78.4 29.6
Investment freedom 80 5
Financial freedom 70 20

Economic freedom comparison by year

Paraguay
Sudan
1x
Year Economic freedom index
Paraguay Sudan
2026 66.4 32.5
2025 65.2 35.3
2024 60.1 33.9
2023 61 32.8
2022 62.9 32
2021 62.6 39.1
2020 63 45
2019 61.8 47.7
2018 62.1 49.4
2017 62.4 48.8
2016 61.5 -
2015 61.1 -
2014 62 -
2013 61.1 -
2012 61.8 -
2011 62.3 -
2010 61.3 -
2009 61 -
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 47.2
1999 63.7 39.6
1998 65.2 38.3
1997 67.3 39.9
1996 67.1 39.2
1995 65.9 39.4

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

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

The Economic Freedom Index for Paraguay is 66.4, ranking 61/197, compared to 32.5 for Sudan, ranking 191/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Paraguay Sudan
Services, % of GDP
48.7%
2024
54.7%
2024
Industry, % of GDP
32.5%
2024
23.2%
2024
Agriculture, forestry, and fishing, % of GDP
10.7%
2024
22.2%
2024
GNI, Atlas method
$43.7B
2024
$35.8B
2024
GNI per capita, PPP
$17,930
2024
$2,050
2024
Total reserves including gold
$9.89B
2023
$178M
2017
Total reserves ranking
76/177
2023
171/177
2017
Net foreign direct investment
-$335M
2024
-$574M
2022
Net inflows of foreign direct investment
$1.1B
2024
$548M
2023
Net outflows of foreign direct investment
$166M
2024
$0
2024
Servicing debt to the IMF, % of GNI
4.58%
2024
0.42%
2024
Poverty at national poverty lines
20.1%
2024
46.5%
2020
Gross capital formation, % of GDP
22.8%
2024
2.89%
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/sudan | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.