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Economy of Paraguay vs Syria compared: GDP & Debt

Updated on by Georank

Paraguay has a GDP of $49.3B compared to $20B for Syria, ranking 97/197 and 134/197 by economy size, respectively.

Paraguay has $18.8B in government debt (38.1% of GDP), compared to $18.4B (30% of GDP) in Syria.

Paraguay vs Syria GDP by year

Paraguay
Syria
1x
Year GDP, current $
Paraguay Syria
2025 $49,278,227,554 -
2024 $44,738,819,362 -
2023 $43,140,465,596 $19,993,439,950
2022 $41,841,201,627 $23,737,634,644
2021 $39,937,357,256 $14,892,885,528
2020 $35,432,178,068 $12,501,503,673
2019 $37,925,338,329 $22,583,046,645
2018 $40,225,448,341 $21,497,779,248
2017 $38,997,129,474 $16,369,842,725
2016 $36,089,700,223 $12,597,854,088
2015 $36,211,447,840 $16,466,861,435
2014 $40,377,929,296 $21,502,061,466
2013 $38,501,122,141 $21,361,254,635
2012 $33,271,921,136 $43,190,318,033
2011 $33,756,238,767 $67,539,433,544
2010 $27,260,886,405 $61,390,833,273
2009 $22,355,151,162 $54,111,721,044
2008 $24,615,267,664 $52,557,913,397
2007 $17,856,393,235 $40,465,331,020
2006 $13,429,430,050 $33,751,812,959
2005 $10,737,500,188 $28,858,937,499
2004 $9,624,440,836 $25,086,910,448
2003 $7,691,367,471 $21,828,144,686
2002 $7,196,260,657 $20,786,986,580
2001 $8,495,806,432 $20,078,599,626
2000 $8,855,705,140 $18,937,031,610
1999 $8,837,070,236 $15,873,875,969
1998 $9,260,481,572 $15,200,846,154
1997 $9,965,225,678 $14,505,233,463
1996 $9,788,391,781 $13,789,560,878
1995 $9,062,131,475 $11,396,706,587
1994 $7,870,982,005 $10,122,020,000
1993 $7,249,533,620 $13,695,962,055
1992 $7,157,424,031 $13,253,565,861
1991 $6,984,367,763 $12,981,833,333
1990 $5,812,114,523 $12,308,624,418
1989 $4,757,732,200 $9,853,395,762
1988 $4,255,683,528 $10,577,041,645
1987 $3,971,044,724 $11,356,215,543
1986 $3,723,993,943 $13,293,205,278
1985 $3,282,449,236 $16,403,539,893
1984 $4,502,462,807 $17,503,078,174
1983 $5,673,248,726 $17,589,277,143
1982 $5,419,411,765 $16,298,929,011
1981 $5,624,515,873 $15,518,201,335
1980 $4,448,087,302 $13,062,420,382
1979 $3,416,777,778 $9,929,681,529
1978 $2,559,857,143 $9,275,200,458
1977 $2,092,158,730 $7,696,011,396
1976 $1,698,960,317 $7,633,528,867
1975 $1,511,420,635 $6,826,980,444
1974 $1,333,475,397 $5,159,557,148
1973 $995,531,746 $3,239,487,516
1972 $769,039,683 $3,059,681,698
1971 $664,571,429 $2,589,851,325
1970 $594,611,111 $2,140,384,010
1969 $556,293,651 $2,245,011,515
1968 $517,650,794 $1,753,746,430
1967 $492,674,603 $1,580,229,799
1966 $465,888,889 $1,342,287,553
1965 $443,587,302 $1,472,036,540
1964 $408,349,206 $1,339,494,267
1963 $383,904,762 $1,200,447,408
1962 $360,698,413 $1,110,565,881
1961 $322,053,713 $945,244,972
1960 $288,884,368 $857,704,413

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Paraguay vs Syria by year

Paraguay
GDP per capita

GDP per capita, PPP
Syria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Paraguay Syria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,027 - - -
2024 $6,457 $18,524 - -
2023 $6,303 $17,564 $847 $4,650
2022 $6,189 $16,347 $1,057 $4,772
2021 $5,975 $15,406 $689 $4,593
2020 $5,365 $14,309 $594 $3,738
2019 $5,821 $14,150 $1,110 $3,502
2018 $6,258 $14,139 $1,098 $3,456
2017 $6,152 $13,977 $852 $3,265
2016 $5,775 $13,329 $656 -
2015 $5,879 $12,679 $848 -
2014 $6,652 $12,607 $1,061 -
2013 $6,436 $12,137 $986 -
2012 $5,642 $10,954 $1,898 -
2011 $5,805 $11,442 $2,952 -
2010 $4,751 $10,893 $2,731 -
2009 $3,942 $9,802 $2,462 -
2008 $4,385 $9,867 $2,429 -
2007 $3,212 $9,179 $1,938 -
2006 $2,439 $8,561 $1,719 -
2005 $1,971 $8,007 $1,534 -
2004 $1,786 $7,686 $1,368 -
2003 $1,444 $7,276 $1,220 -
2002 $1,368 $6,924 $1,190 -
2001 $1,638 $6,916 $1,178 -
2000 $1,736 $6,937 $1,138 -
1999 $1,766 $7,080 $978 -
1998 $1,890 $7,227 $961 -
1997 $2,079 $7,299 $941 -
1996 $2,088 $7,040 $918 -
1995 $1,979 $6,966 $780 -
1994 $1,760 $6,542 $712 -
1993 $1,662 $6,234 $993 -
1992 $1,683 $5,952 $990 -
1991 $1,685 $5,873 $1,000 -
1990 $1,440 $5,637 $978 -
1989 $1,211 - $809 -
1988 $1,114 - $898 -
1987 $1,069 - $997 -
1986 $1,031 - $1,208 -
1985 $935 - $1,544 -
1984 $1,319 - $1,706 -
1983 $1,710 - $1,776 -
1982 $1,680 - $1,703 -
1981 $1,793 - $1,676 -
1980 $1,457 - $1,458 -
1979 $1,149 - $1,146 -
1978 $883 - $1,108 -
1977 $740 - $951 -
1976 $616 - $976 -
1975 $562 - $904 -
1974 $508 - $707 -
1973 $389 - $459 -
1972 $308 - $448 -
1971 $272.1 - $393 -
1970 $249 - $335 -
1969 $238.2 - $364 -
1968 $226.8 - $293.3 -
1967 $220.9 - $272.9 -
1966 $213.9 - $239.3 -
1965 $208.7 - $270.8 -
1964 $197 - $254.2 -
1963 $189.9 - $234.9 -
1962 $182.8 - $223.9 -
1961 $167.1 - $196.3 -
1960 $153.4 - $183.5 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Paraguay's GDP per capita is $7,027, ranking 105/197, compared to $847 in Syria, ranking 185/197. Adjusted for purchasing power (GDP per capita PPP), Paraguay ranks 102nd at $18,524, while Syria ranks 160th at $4,650.

Economic indicators

Paraguay Syria
Gross domestic product
$49.3B
2025
$20B
2023
GDP rank
97/197
2025
134/197
2023
GDP growth
6.64%
2024-2025
-1.85%
2022-2023
GDP per capita
$7,027
2025
$847
2023
GDP per capita rank
105/197
2025
185/197
2023
GDP per capita, PPP
$18,524
2024
$4,650
2023
GDP per capita PPP rank
102/197
2024
160/197
2023
Government debt
$18.8B
2025
$18.4B
2010
Debt-to-GDP ratio
38.1%
2025
30%
2010
Government debt per person
$2,679
2025
$820
2010
Government debt per person rank
111/185
2025
150/185
2010
Average annual personal income after taxes
$6,874
2026
$693
2026
Market capitalization of domestic companies
$313M
1999
n/a
Income share by richest 10%
35%
2024
20.9%
2022
Income share by poorest 10%
2%
2024
3.8%
2022
Government expenditure, % of GDP
19.6%
2025
28.6%
2010
Consumer prices inflation
4.04%
2024-2025
13.4%
2018-2019
Central bank interest rate
5.75%
2026
n/a
Unemployment rate
4.63%
2025
14.9%
2011
Population
7138671
26956472

Spending and national debt comparison by year

Paraguay
Spending

Debt
Syria
Spending

Debt
1x
Year % of GDP
Paraguay Syria
Government spending Government debt Government spending Government debt
2025 19.6% 38.1% - -
2024 20.9% 44.6% - -
2023 21.5% 41% - -
2022 20.2% 40.6% - -
2021 20.5% 37.5% - -
2020 22.6% 36.9% - -
2019 20.1% 25.8% - -
2018 18.5% 22.3% - -
2017 18.1% 19.8% - -
2016 17.7% 19.4% - -
2015 18% 18.6% - -
2014 17.1% 15.6% - -
2013 17.1% 13.5% - -
2012 17.6% 12.3% - -
2011 14.7% 11.1% - -
2010 13.3% 13% 28.6% 30%
2009 14.3% 14.9% 26.7% 31.2%
2008 11.8% 16% 22.9% 37.3%
2007 13.1% 16.8% 25.7% 42.7%
2006 14.1% 21% 26.3% 45%
2005 14% 28.3% 28.2% 50.7%
2004 14% 36% 31.3% 113%
2003 14.6% 37.5% 32.6% 133.4%
2002 17.6% 50.5% 28.5% 132.4%
2001 19% 37.1% 28% 144.5%
2000 19.6% 33.6% 27.4% 152.1%
1999 19.2% 32% 28% 147.7%
1998 18% 22.1% 28.8% 151.2%
1997 18.1% 18% 29% 147.6%
1996 16.9% 16.8% 27.7% 141.5%
1995 15.7% 17.6% 29.8% 152.6%
1994 14.5% 18.7% 30.3% 163%
1993 12.9% 26.6% 29.4% 171.9%
1992 13% 34.4% 34.2% 173.6%
1991 11.4% 49.4% 34.3% 182.4%
1990 10.5% 67% 28.3% 189.8%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-07-08).

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

In 2025, Paraguay's government spending was $9.66B, accounting for 19.6% of its GDP, while Syria spent $17.6B, or 28.6% of GDP.

Debt-to-GDP ratio is 38.1% in Paraguay and 30% in Syria, ranking 138/185 and 155/185, respectively.

Government deficit by year

Deficit/surplus
Paraguay

Syria
1x
Year Deficit/surplus, % of GDP
Paraguay Syria
2025 -1.69% -
2024 -2.1% -
2023 -3.81% -
2022 -2.65% -
2021 -3.39% -
2020 -5.72% -
2019 -2.44% -
2018 -1.01% -
2017 -0.44% -
2016 -0.37% -
2015 -0.44% -
2014 -0.27% -
2013 -1.16% -
2012 -0.58% -
2011 1.29% -
2010 1.54% -7.79%
2009 0.59% -2.89%
2008 2.29% -2.86%
2007 1.27% -2.99%
2006 0.91% -1.12%
2005 0.74% -4.41%
2004 1.33% -4.18%
2003 -0.07% -2.7%
2002 -1.89% -2.02%
2001 0.07% 2.3%
2000 -0.55% -1.36%
1999 2.67% -1.47%
1998 4.28% -2.81%
1997 3% -1.78%
1996 2.43% -2.83%
1995 2.78% -3.81%
1994 4.59% -6%
1993 4.27% -4.96%
1992 3.1% -7.26%
1991 3.41% -6.57%
1990 7.56% -3.92%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-07-08).

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

In 2010, Paraguay's government surplus, the difference between spending and revenue, was $419M, equivalent to 1.54% of GDP. This compares to Syria's deficit of $4.78B, or 7.79% of GDP.

Over the past 21 years, Paraguay recorded a fiscal deficit in 3 of those years, while Syria ran a deficit in 20 years. On average, Paraguay posted an annual surplus equal to 2.11% of GDP, compared to deficit of 3.4% of GDP for Syria.

Inflation comparison by year

Inflation
Paraguay

Syria
1x
Year Consumer prices inflation
Paraguay Syria
2025 4.04% -
2024 3.84% -
2023 4.63% -
2022 9.77% -
2021 4.79% -
2020 1.77% -
2019 2.76% 13.4%
2018 3.98% 0.94%
2017 3.6% 18.1%
2016 4.09% 47.7%
2015 3.13% 38.5%
2014 5.03% 10.9%
2013 2.68% 40%
2012 3.68% 36.7%
2011 8.25% 4.75%
2010 4.65% 4.4%
2009 2.59% 2.92%
2008 10.2% 15.7%
2007 8.13% 3.91%
2006 9.59% 10%
2005 6.81% 7.24%
2004 4.32% 4.43%
2003 14.2% 5.8%
2002 10.5% -0.13%
2001 7.27% 3%
2000 8.98% -3.85%
1999 6.75% -3.7%
1998 11.6% -0.8%
1997 6.95% 1.89%

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

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

Over the past 23 years, Paraguay has recorded an average annual inflation rate of 6.51%, compared with 11.4% in Syria. In 2019, inflation was 4.04% in Paraguay and 13.4% in Syria.

Top exports between countries

Paraguay
Export category Export value
Raw agricultural goods $5.31M
Animal & marine products $470K
Wood & paper products $29K
Syria
Export category Export value
Chemicals & pharma $635K
Processed food, beverages & tobacco $487K
Raw materials & minerals $412K
Animal & marine products $237K
Raw agricultural goods $158K
Machinery & equipment $10K
Textiles & consumer goods $2K

Balance of trade

Paraguay Syria
Current account balance
-$1.57B
2025
-$367M
2010
Current account balance ranking
131/190
2025
99/190
2010
Current account balance, % of GDP
-3.18%
2025
-0.6%
2010
Goods imports
$17.5B
2025
$15.9B
2010
Goods exports
$15.4B
2025
$12.3B
2010
Service imports
$2.75B
2025
$3.53B
2010
Service exports
$3.72B
2025
$7.33B
2010
Imports of goods and services, % of GDP
39.3%
2025
28.7%
2022
Exports of goods and services, % of GDP
37.2%
2025
6.78%
2022

Economic freedom indices

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

Paraguay Syria
Economic freedom 66.4 51.2
Economic freedom ranking 61/197 155/197
Property rights 44.2 4
Government integrity 27.3 3.6
Judicial effectiveness 38.4 3.7
Tax burden 95.9 87.3
Government spending 86.9 78.5
Fiscal health 83 13.8
Business freedom 72 33.8
Labor freedom 44.1 37.2
Monetary freedom 76.5 80
Trade freedom 78.4 47
Investment freedom 80 0
Financial freedom 70 20

Economic freedom comparison by year

Paraguay
Syria
1x
Year Economic freedom index
Paraguay Syria
2026 66.4 -
2025 65.2 -
2024 60.1 -
2023 61 -
2022 62.9 -
2021 62.6 -
2020 63 -
2019 61.8 -
2018 62.1 -
2017 62.4 -
2016 61.5 -
2015 61.1 -
2014 62 -
2013 61.1 -
2012 61.8 51.2
2011 62.3 51.3
2010 61.3 49.4
2009 61 51.3
2008 60 47.2
2007 58.3 48.3
2006 55.6 51.2
2005 53.4 46.3
2004 56.7 40.6
2003 58.2 41.3
2002 59.6 36.3
2001 60.3 36.6
2000 64 37.2
1999 63.7 39
1998 65.2 42.2
1997 67.3 43
1996 67.1 42.3
1995 65.9 -

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

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

The Economic Freedom Index for Paraguay is 66.4, ranking 61/197, compared to 51.2 for Syria, ranking 155/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Paraguay Syria
Services, % of GDP
48.1%
2025
44.7%
2022
Industry, % of GDP
32.3%
2025
11.9%
2022
Agriculture, forestry, and fishing, % of GDP
11.6%
2025
42.9%
2022
GNI, Atlas method
$47.4B
2025
$18.2B
2023
GNI per capita, PPP
$19,390
2025
$4,480
2023
Total reserves including gold
$9.57B
2024
$20.6B
2010
Total reserves ranking
82/177
2024
66/177
2010
Net foreign direct investment
-$945M
2025
-$1.47B
2010
Net inflows of foreign direct investment
$1.1B
2024
$0
2024
Net outflows of foreign direct investment
$166M
2024
$0
2024
Servicing debt to the IMF, % of GNI
4.58%
2024
0.15%
2023
Poverty at national poverty lines
20.1%
2024
35.2%
2007
Gross capital formation, % of GDP
25.3%
2025
16%
1969

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/syria | 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. TradeMap (2010–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.