Paraguay vs Trinidad and Tobago: Economic Indicators Comparison
Paraguay with a GDP of $40.5B ranked the 94th largest economy in the world, while Trinidad and Tobago ranked 113th with $23.8B. By GDP 5-years average growth and GDP per capita, Paraguay and Trinidad and Tobago ranked 50th vs 175th and 104th vs 53rd, respectively.
Gross Domestic Product & Income
| Stat |  Paraguay |  Trinidad and Tobago |
|---|---|---|
| GDP | $40.5B | $23.8B |
| GDP growth, 1 year | 3.7% | 0.3% |
| GDP growth, 5-years average | 4.2% | -1.5% |
| Population | 6.8M | 1.4M |
| GDP per capita | $5.8k | $17k |
| GDP per capita growth | 2.35% | -0.66% |
| Purchasing Power Parity conversion factor | 2453.78 | 3.62 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.43 | 0.54 |
| GDP per capita, PPP adjusted | $13k | $32k |
| GNI, Atlas method | $39.4B | $22.2B |
| GNI per capita | $5.7k | $16k |
| GNI, PPP adjusted | $91.9B | $43.1B |
| GNI per capita, PPP adjusted | $13k | $31k |
Financial system and Human development
| Stat | Paraguay | Trinidad and Tobago |
|---|---|---|
| Income Tax Rate | 10% | 25% |
| Corporate Tax Rate | 10% | 25% |
| Inflation, consumer prices | 4% | 1.1% |
| Inflation, GDP deflator | 2.1% | 6.1% |
| Unemployment | 4.7% | 2.8% |
| Economic Freedom Index | 63 | 58.3 |
| Personal Freedom Index | 7.3 | 6.88 |
| Human Freedom Index | 7.02 | 6.81 |
| Property Rights Index | 44.7 | 56.6 |
| Judical Effectiveness Index | 26.4 | 42.1 |
| Business Freedom Index | 60.9 | 67.3 |
| Fiscal Health Index | 98 | 15.9 |
| Labor Freedom Index | 29 | 76 |
| Investment Freedom Index | 75 | 60 |
| Financial Freedom Index | 60 | 50 |
| Trade Freedom Index | 75.4 | 67.8 |
| Monetary Freedom Index | 72.5 | 77.4 |
| Government Spending Index | 88.6 | 66.5 |
| Tax Burden Index | 96.1 | 82.6 |
| Government Integrity Index | 29.6 | 37.4 |
| Corruption Perceptions Index | 29 | 41 |
| Life expectancy at birth, years | 74 | 73.2 |
| Suicide mortality rate, per 100,000 people | 9.5 | 13.6 |
| Mortality caused by road traffic injury, per 100,000 people | 22.7 | 12.1 |
| Intentional homicides, per 100,000 people | 9.3 | 30.9 |
| International tourism, number of arrivals | 1.2M | 375k |
Government debt & reserves
| Stat | Paraguay | Trinidad and Tobago |
|---|---|---|
| Central government debt, % of GDP | 21.6% | 45.3% |
| External debt stocks, % of GNI | 39.9% | N/A |
| External debt stocks | $15.8B | N/A |
| Short-term debt, % of total reserves | 60% | N/A |
| Total debt service, % of exports and primary income | 15.7% | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | 14.5% | N/A |
| Gross savings, % of GDP | 23.2% | N/A |
| Gross capital formation, % of GDP | 22.4% | N/A |
| Total reserves including gold | $7.7B | $8.1B |
| Foreign direct investment net inflows | $386.9M | -$602.5M |
Exports, imports and economic structure
| Stat | Paraguay | Trinidad and Tobago |
|---|---|---|
| Exports of goods and services, % of GDP | 36% | N/A |
| Imports of goods and services, % of GDP | 34.4% | N/A |
| Current account balance (balance of payments) | $8.6M | $1.2B |
| Revenue excluding grants, % of GDP | 17.4% | 38.4% |
| Grants excluding technical cooperation, BoP | $64.1M | $2.4M |
| Personal remittances received | $682.9M | $138.7M |
| Industry including construction value added, % of GDP | 33.9% | 42% |
| Agriculture, forestry and fishing value added, % of GDP | 10.4% | 1% |
| Charges for the use of intellectual property, payments BoP | $18.5M | $63.9M |
| Charges for the use of intellectual property, receipts BoP | $114.1M | $882k |
| Expense, % of GDP | 15.6% | 35.9% |
| Government Expenditure, % of GDP | 19.5% | 33.4% |
