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Economy of Paraguay vs Suriname compared: GDP & Debt

Updated on by Georank team

Paraguay has a GDP of $44.5B compared to $4.42B for Suriname, ranking 98/197 and 164/197 by economy size, respectively.

Paraguay has $19.9B in government debt (44.8% of GDP), compared to $3.86B (87.3% of GDP) in Suriname.

Paraguay vs Suriname GDP by year

Paraguay
Suriname
1x
Year GDP, current $
Paraguay Suriname
2024 $44,458,118,397 $4,416,775,112
2023 $43,118,053,175 $3,472,693,412
2022 $41,952,910,858 $3,791,603,200
2021 $39,950,899,939 $3,107,923,198
2020 $35,432,178,068 $2,911,807,496
2019 $37,925,338,329 $4,016,040,575
2018 $40,225,448,341 $3,996,198,867
2017 $38,997,129,474 $3,591,679,431
2016 $36,089,700,223 $3,317,421,648
2015 $36,211,447,840 $5,126,237,646
2014 $40,377,929,296 $5,240,606,061
2013 $38,501,122,141 $5,145,757,576
2012 $33,271,921,136 $4,980,000,000
2011 $33,756,238,766 $4,422,276,622
2010 $27,260,886,405 $4,368,370,998
2009 $22,355,151,162 $3,875,409,836
2008 $24,615,267,664 $3,532,969,035
2007 $17,856,393,235 $2,936,612,022
2006 $13,429,430,050 $2,626,380,435
2005 $10,737,500,188 $1,793,410,397
2004 $9,624,440,836 $1,484,092,538
2003 $7,691,367,471 $1,274,190,311
2002 $7,196,260,657 $1,093,574,468
2001 $8,495,806,432 $834,279,358
2000 $8,855,705,140 $947,671,970
1999 $8,837,070,236 $886,290,698
1998 $9,260,481,572 $1,110,850,000
1997 $9,965,225,678 $926,422,500
1996 $9,788,391,781 $861,372,806
1995 $9,062,131,475 $691,590,498
1994 $7,870,982,005 $605,492,537
1993 $7,249,533,620 $428,764,706
1992 $7,157,424,031 $404,600,000
1991 $6,984,367,763 $448,100,000
1990 $5,812,114,523 $388,400,000
1989 $4,757,732,200 $542,600,000
1988 $4,255,683,528 $1,161,000,000
1987 $3,971,044,724 $980,000,000
1986 $3,723,993,943 $891,000,000
1985 $3,282,449,236 $873,000,000
1984 $4,502,462,807 $864,000,000
1983 $5,673,248,726 $883,500,000
1982 $5,419,411,765 $915,000,000
1981 $5,624,515,873 $889,000,000
1980 $4,448,087,302 $795,000,000
1979 $3,416,777,778 $782,500,000
1978 $2,559,857,143 $735,500,000
1977 $2,092,158,730 $641,500,000
1976 $1,698,960,317 $505,500,000
1975 $1,511,420,635 $465,500,000
1974 $1,333,475,397 $409,850,000
1973 $995,531,746 $339,450,000
1972 $769,039,683 $311,950,000
1971 $664,571,429 $301,000,000
1970 $594,611,111 $274,900,000
1969 $556,293,651 $259,650,000
1968 $517,650,794 $241,350,000
1967 $492,674,603 $220,700,000
1966 $465,888,889 $190,350,000
1965 $443,587,302 $154,150,000
1964 $408,349,206 $134,400,000
1963 $383,904,762 $125,950,000
1962 $360,698,413 $116,150,000
1961 $322,053,713 $107,700,000
1960 $288,884,368 $99,650,000

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

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

GDP per capita in Paraguay vs Suriname by year

Paraguay
GDP per capita

GDP per capita, PPP
Suriname
GDP per capita

GDP per capita, PPP
1x
Year Current $
Paraguay Suriname
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,416 $18,524 $6,962 $21,801
2023 $6,300 $17,564 $5,522 $21,110
2022 $6,206 $16,347 $6,084 $20,079
2021 $5,977 $15,406 $5,030 $18,458
2020 $5,365 $14,309 $4,755 $16,947
2019 $5,821 $14,150 $6,630 $19,772
2018 $6,258 $14,139 $6,666 $17,855
2017 $6,152 $13,977 $6,050 $17,568
2016 $5,775 $13,329 $5,644 $14,475
2015 $5,879 $12,679 $8,814 $16,544
2014 $6,652 $12,607 $9,108 $16,598
2013 $6,436 $12,137 $9,043 $16,173
2012 $5,642 $10,954 $8,851 $15,185
2011 $5,805 $11,442 $7,950 $13,926
2010 $4,751 $10,893 $7,944 $13,039
2009 $3,942 $9,802 $7,130 $12,393
2008 $4,385 $9,867 $6,576 $12,097
2007 $3,212 $9,179 $5,530 $11,530
2006 $2,439 $8,561 $5,003 $10,803
2005 $1,971 $8,007 $3,453 $10,014
2004 $1,786 $7,686 $2,888 $9,389
2003 $1,444 $7,276 $2,516 $8,552
2002 $1,368 $6,924 $2,202 $8,046
2001 $1,638 $6,916 $1,715 $7,865
2000 $1,736 $6,937 $1,988 $7,535
1999 $1,766 $7,080 $1,898 $7,367
1998 $1,890 $7,227 $2,429 $7,521
1997 $2,079 $7,299 $2,068 $7,422
1996 $2,088 $7,040 $1,963 $7,048
1995 $1,979 $6,966 $1,610 $7,000
1994 $1,760 $6,542 $1,434 $6,973
1993 $1,662 $6,234 $1,022 $6,650
1992 $1,683 $5,952 $969 $6,992
1991 $1,685 $5,873 $1,080 $6,852
1990 $1,440 $5,637 $942 $6,493
1989 $1,211 - $1,329 -
1988 $1,114 - $2,886 -
1987 $1,069 - $2,469 -
1986 $1,031 - $2,271 -
1985 $935 - $2,256 -
1984 $1,319 - $2,261 -
1983 $1,710 - $2,333 -
1982 $1,680 - $2,430 -
1981 $1,793 - $2,368 -
1980 $1,457 - $2,118 -
1979 $1,149 - $2,072 -
1978 $883 - $1,928 -
1977 $740 - $1,666 -
1976 $616 - $1,302 -
1975 $562 - $1,190 -
1974 $508 - $1,041 -
1973 $389 - $858 -
1972 $308 - $785 -
1971 $272.1 - $768 -
1970 $249 - $724 -
1969 $238.2 - $708 -
1968 $226.8 - $681 -
1967 $220.9 - $644 -
1966 $213.9 - $575 -
1965 $208.7 - $482 -
1964 $197 - $435 -
1963 $189.9 - $424 -
1962 $182.8 - $409 -
1961 $167.1 - $395 -
1960 $153.4 - $378 -

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

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

Paraguay's GDP per capita is $6,416, ranking 109/197, compared to $6,962 in Suriname, ranking 102/197. Adjusted for purchasing power (GDP per capita PPP), Paraguay ranks 102nd at $18,524, while Suriname ranks 89th at $21,801.

Economic indicators

Paraguay Suriname
Gross domestic product
$44.5B
2024
$4.42B
2024
GDP rank
98/197
2024
164/197
2024
GDP growth
4.25%
2023-2024
1.72%
2023-2024
GDP per capita
$6,416
2024
$6,962
2024
GDP per capita rank
109/197
2024
102/197
2024
GDP per capita, PPP
$18,524
2024
$21,801
2024
GDP per capita PPP rank
102/197
2024
89/197
2024
Government debt
$19.9B
2024
$3.86B
2024
Debt-to-GDP ratio
44.8%
2024
87.3%
2024
Government debt per person
$2,872
2024
$6,077
2024
Government debt per person rank
103/185
2024
74/185
2024
Average annual personal income after taxes
$6,136
2026
$3,263
2026
Market capitalization of domestic companies
$313M
1999
n/a
Income share by richest 10%
35%
2024
30.1%
2022
Income share by poorest 10%
2%
2024
2.2%
2022
Government expenditure, % of GDP
21%
2024
29.2%
2024
Consumer prices inflation
3.84%
2023-2024
16.2%
2023-2024
Central bank interest rate
6%
2024
10%
2013
Unemployment rate
5.69%
2024
7.92%
2016
Population
7120169
646767

Spending and national debt comparison by year

Paraguay
Spending

Debt
Suriname
Spending

Debt
1x
Year % of GDP
Paraguay Suriname
Government spending Government debt Government spending Government debt
2024 21% 44.8% 29.2% 87.3%
2023 21.5% 41.1% 29% 98.2%
2022 20.2% 40.5% 29.5% 116.9%
2021 20.4% 37.5% 32% 115.8%
2020 22.6% 36.9% 30.2% 146.4%
2019 20.1% 25.8% 40.5% 84%
2018 18.5% 22.3% 29.5% 68.6%
2017 18.1% 19.8% 28.7% 73%
2016 17.7% 19.4% 27.9% 75.4%
2015 18% 18.6% 29.9% 41.2%
2014 17.1% 15.6% 25.2% 25.2%
2013 17.1% 13.5% 26.2% 27.9%
2012 17.6% 12.3% 25.1% 20.1%
2011 14.7% 11.1% 21% 18.7%
2010 13.3% 13% 21% 17.3%
2009 14.3% 14.9% 24% 14.6%
2008 11.8% 16% 20.5% 14.8%
2007 13.1% 16.8% 22.6% 16.4%
2006 14.1% 21% 22.2% 22.5%
2005 14% 28.3% 22.2% 27.1%
2004 14% 36% 20.8% 29.4%
2003 14.6% 37.5% 19.2% 31.5%
2002 17.6% 50.5% 22.2% 37.4%
2001 19% 37.1% 21.8% 37.2%
2000 19.6% 33.6% 24.4% 48.4%
1999 19.2% 32% 19.6% 32.3%
1998 18% 22.1% 30.3% 21.6%
1997 18.1% 18% 21.1% 16.8%
1996 16.9% 16.8% 21.4% 11.8%
1995 15.7% 17.6% 20.2% 16.3%
1994 14.5% 18.7% 19.8% 30.5%
1993 12.9% 26.6% 21.2% 51.1%
1992 13% 34.4% 24.4% 64.4%
1991 11.4% 49.4% 26.6% 75.7%
1990 10.5% 67% 22.7% 72.9%
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/suriname | CC BY

In 2024, Paraguay's government spending was $9.33B, accounting for 21% of its GDP, while Suriname spent $1.29B, or 29.2% of GDP.

Debt-to-GDP ratio is 44.8% in Paraguay and 87.3% in Suriname, ranking 120/185 and 37/185, respectively.

Government deficit by year

Deficit/surplus
Paraguay

Suriname
1x
Year Deficit/surplus, % of GDP
Paraguay Suriname
2024 -2.12% -2.42%
2023 -3.81% -1.68%
2022 -2.64% -2.69%
2021 -3.39% -5.66%
2020 -5.72% -12%
2019 -2.44% -20.2%
2018 -1.01% -8.56%
2017 -0.44% -8.62%
2016 -0.37% -10.2%
2015 -0.44% -8.29%
2014 -0.27% -2.65%
2013 -1.16% -2.64%
2012 -0.58% -0.38%
2011 1.29% 2.32%
2010 1.54% -0.15%
2009 0.59% 2.03%
2008 2.29% 2.39%
2007 1.27% 5.01%
2006 0.91% 0.59%
2005 0.74% -3.39%
2004 1.33% -1.2%
2003 -0.07% -0.11%
2002 -1.89% -3.3%
2001 0.07% 3.49%
2000 -0.55% -7.76%
1999 2.67% -4.92%
1998 4.28% -6.39%
1997 3% -0.32%
1996 2.43% 3.42%
1995 2.78% 1.17%
1994 4.59% -1.89%
1993 4.27% -4.68%
1992 3.1% -6.45%
1991 3.41% -9.8%
1990 7.56% -3.04%
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/suriname | 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 Suriname's deficit of $107M, or 2.42% of GDP.

Over the past 35 years, Paraguay recorded a fiscal deficit in 16 of those years, while Suriname ran a deficit in 27 years. On average, Paraguay posted an annual surplus equal to 0.61% of GDP, compared to deficit of 3.4% of GDP for Suriname.

Inflation comparison by year

Inflation
Paraguay

Suriname
1x
Year Consumer prices inflation
Paraguay Suriname
2024 3.84% 16.2%
2023 4.63% 51.6%
2022 9.77% 52.4%
2021 4.79% 59.1%
2020 1.77% 34.9%
2019 2.76% -
2018 3.98% -
2017 3.6% 22%
2016 4.09% 55.4%
2015 3.13% 6.89%
2014 5.03% 3.38%
2013 2.68% 1.92%
2012 3.68% 5.01%
2011 8.25% 17.7%
2010 4.65% 6.94%
2009 2.59% -0.13%
2008 10.2% 14.7%
2007 8.13% 6.43%
2006 9.59% 11.3%
2005 6.81% 9.9%
2004 4.32% 9.99%
2003 14.2% 23%
2002 10.5% 15.5%
2001 7.27% 38.6%
2000 8.98% 59.4%
1999 6.75% 98.8%
1998 11.6% 19%
1997 6.95% 7.15%

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

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

Over the past 28 years, Paraguay has recorded an average annual inflation rate of 6.23%, compared with 24.9% in Suriname. In 2024, inflation was 3.84% in Paraguay and 16.2% in Suriname.

Top exports between countries

Paraguay
Export category Export value
Processed food, beverages & tobacco $6.75M
Textiles & consumer goods $50K
Machinery & equipment $15K
Suriname
Export category Export value
Processed food, beverages & tobacco $7.41M

Balance of trade

Paraguay Suriname
Current account balance
-$1.53B
2024
$9.31M
2024
Current account balance ranking
133/190
2024
76/190
2024
Current account balance, % of GDP
-3.44%
2024
+0.21%
2024
Goods imports
$15.8B
2024
$1.65B
2024
Goods exports
$14.9B
2024
$2.58B
2024
Service imports
$2.54B
2024
$921M
2024
Service exports
$2.65B
2024
$211M
2024
Imports of goods and services, % of GDP
39.6%
2024
38.4%
2010
Exports of goods and services, % of GDP
37.2%
2024
52.5%
2010

Economic freedom indices

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

Paraguay Suriname
Economic freedom 66.4 53
Economic freedom ranking 61/197 143/197
Property rights 44.2 40.5
Government integrity 27.3 41
Judicial effectiveness 38.4 46.5
Tax burden 95.9 69.1
Government spending 86.9 74.3
Fiscal health 83 76.6
Business freedom 72 56.9
Labor freedom 44.1 69
Monetary freedom 76.5 56.4
Trade freedom 78.4 65.2
Investment freedom 80 20
Financial freedom 70 20

Economic freedom comparison by year

Paraguay
Suriname
1x
Year Economic freedom index
Paraguay Suriname
2026 66.4 53
2025 65.2 50.9
2024 60.1 46.7
2023 61 46.1
2022 62.9 48.1
2021 62.6 46.4
2020 63 49.5
2019 61.8 48.1
2018 62.1 48.1
2017 62.4 48
2016 61.5 53.8
2015 61.1 54.2
2014 62 54.2
2013 61.1 52
2012 61.8 52.6
2011 62.3 53.1
2010 61.3 52.5
2009 61 54.1
2008 60 54.3
2007 58.3 54.8
2006 55.6 55.1
2005 53.4 51.9
2004 56.7 47.9
2003 58.2 46.9
2002 59.6 48
2001 60.3 44.3
2000 64 45.8
1999 63.7 40.1
1998 65.2 39.9
1997 67.3 35.9
1996 67.1 36.7
1995 65.9 -

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

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

The Economic Freedom Index for Paraguay is 66.4, ranking 61/197, compared to 53 for Suriname, ranking 143/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Paraguay Suriname
Services, % of GDP
48.7%
2024
50.8%
2024
Industry, % of GDP
32.5%
2024
35.1%
2024
Agriculture, forestry, and fishing, % of GDP
10.7%
2024
6.77%
2024
GNI, Atlas method
$43.7B
2024
$3.61B
2024
GNI per capita, PPP
$17,930
2024
$20,000
2024
Total reserves including gold
$9.89B
2023
$1.63B
2024
Total reserves ranking
76/177
2023
132/177
2024
Net foreign direct investment
-$335M
2024
$26.5M
2024
Net inflows of foreign direct investment
$1.1B
2024
-$37.6M
2024
Net outflows of foreign direct investment
$166M
2024
-$11.1M
2024
Servicing debt to the IMF, % of GNI
4.58%
2024
20.5%
2023
Poverty at national poverty lines
20.1%
2024
70%
2020
Gross capital formation, % of GDP
22.8%
2024
36.2%
2010

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/suriname | 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. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. 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.