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Economy of Paraguay vs Tunisia compared: GDP & Debt

Updated on by Georank team

Paraguay has a GDP of $44.5B compared to $51.3B for Tunisia, ranking 98/197 and 93/197 by economy size, respectively.

Paraguay has $19.9B in government debt (44.8% of GDP), compared to $42.8B (83.4% of GDP) in Tunisia.

Paraguay vs Tunisia GDP by year

Paraguay
Tunisia
1x
Year GDP, current $
Paraguay Tunisia
2024 $44,458,118,397 $51,332,285,657
2023 $43,118,053,175 $48,205,328,303
2022 $41,952,910,858 $44,929,920,093
2021 $39,950,899,939 $47,073,234,359
2020 $35,432,178,068 $42,491,780,918
2019 $37,925,338,329 $41,905,642,419
2018 $40,225,448,341 $42,686,504,460
2017 $38,997,129,474 $42,163,530,591
2016 $36,089,700,223 $44,360,072,680
2015 $36,211,447,840 $45,779,494,042
2014 $40,377,929,296 $50,271,812,921
2013 $38,501,122,141 $48,685,446,414
2012 $33,271,921,136 $47,311,401,813
2011 $33,756,238,766 $48,123,325,825
2010 $27,260,886,405 $46,206,091,938
2009 $22,355,151,162 $43,455,740,497
2008 $24,615,267,664 $44,859,439,902
2007 $17,856,393,235 $38,915,353,867
2006 $13,429,430,050 $34,376,664,601
2005 $10,737,500,188 $32,272,186,695
2004 $9,624,440,836 $31,183,885,241
2003 $7,691,367,471 $27,453,902,261
2002 $7,196,260,657 $23,141,616,605
2001 $8,495,806,432 $22,065,832,449
2000 $8,855,705,140 $21,473,528,161
1999 $8,837,070,236 $22,943,202,175
1998 $9,260,481,572 $21,802,893,587
1997 $9,965,225,678 $20,746,210,354
1996 $9,788,391,781 $19,587,161,807
1995 $9,062,131,475 $18,030,876,599
1994 $7,870,982,005 $15,633,174,304
1993 $7,249,533,620 $14,608,335,608
1992 $7,157,424,031 $15,496,708,060
1991 $6,984,367,763 $13,074,782,609
1990 $5,812,114,523 $12,290,568,182
1989 $4,757,732,200 $10,101,851,745
1988 $4,255,683,528 $10,096,245,762
1987 $3,971,044,724 $9,696,715,911
1986 $3,723,993,943 $9,017,806,654
1985 $3,282,449,236 $8,410,226,053
1984 $4,502,462,807 $8,254,541,195
1983 $5,673,248,726 $8,350,582,748
1982 $5,419,411,765 $8,133,580,052
1981 $5,624,515,873 $8,428,445,294
1980 $4,448,087,302 $8,744,134,354
1979 $3,416,777,778 $7,188,863,904
1978 $2,559,857,143 $5,968,460,080
1977 $2,092,158,730 $5,109,324,009
1976 $1,698,960,317 $4,508,191,942
1975 $1,511,420,635 $4,328,965,588
1974 $1,333,475,397 $3,545,868,575
1973 $995,531,746 $2,730,813,385
1972 $769,039,683 $2,237,556,149
1971 $664,571,429 $1,685,162,272
1970 $594,611,111 $1,439,238,095
1969 $556,293,651 $1,289,904,762
1968 $517,650,794 $1,214,666,667
1967 $492,674,603 $1,085,714,286
1966 $465,888,889 $1,040,952,381
1965 $443,587,302 $991,047,619
1964 $408,349,206 $1,025,866,792
1963 $383,904,762 $1,026,737,600
1962 $360,698,413 $880,027,733
1961 $322,053,713 $866,155,429
1960 $288,884,368 -

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

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

GDP per capita in Paraguay vs Tunisia by year

Paraguay
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Paraguay Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,416 $18,524 $4,181 $14,521
2023 $6,300 $17,564 $3,951 $14,041
2022 $6,206 $16,347 $3,707 $13,619
2021 $5,977 $15,406 $3,907 $12,444
2020 $5,365 $14,309 $3,549 $11,918
2019 $5,821 $14,150 $3,529 $12,495
2018 $6,258 $14,139 $3,628 $11,841
2017 $6,152 $13,977 $3,619 $11,289
2016 $5,775 $13,329 $3,848 $10,994
2015 $5,879 $12,679 $4,015 $10,783
2014 $6,652 $12,607 $4,459 $10,947
2013 $6,436 $12,137 $4,370 $10,672
2012 $5,642 $10,954 $4,297 $10,615
2011 $5,805 $11,442 $4,421 $10,436
2010 $4,751 $10,893 $4,292 $10,555
2009 $3,942 $9,802 $4,080 $10,237
2008 $4,385 $9,867 $4,255 $9,975
2007 $3,212 $9,179 $3,727 $9,479
2006 $2,439 $8,561 $3,323 $8,729
2005 $1,971 $8,007 $3,147 $8,117
2004 $1,786 $7,686 $3,067 $7,672
2003 $1,444 $7,276 $2,726 $7,098
2002 $1,368 $6,924 $2,321 $6,715
2001 $1,638 $6,916 $2,236 $6,593
2000 $1,736 $6,937 $2,199 $6,279
1999 $1,766 $7,080 $2,376 $5,930
1998 $1,890 $7,227 $2,285 $5,579
1997 $2,079 $7,299 $2,202 $5,333
1996 $2,088 $7,040 $2,107 $5,040
1995 $1,979 $6,966 $1,968 $4,686
1994 $1,760 $6,542 $1,733 $4,555
1993 $1,662 $6,234 $1,649 $4,401
1992 $1,683 $5,952 $1,785 $4,292
1991 $1,685 $5,873 $1,538 $3,975
1990 $1,440 $5,637 $1,476 $3,780
1989 $1,211 - $1,239 -
1988 $1,114 - $1,266 -
1987 $1,069 - $1,245 -
1986 $1,031 - $1,187 -
1985 $935 - $1,135 -
1984 $1,319 - $1,143 -
1983 $1,710 - $1,184 -
1982 $1,680 - $1,177 -
1981 $1,793 - $1,247 -
1980 $1,457 - $1,324 -
1979 $1,149 - $1,113 -
1978 $883 - $946 -
1977 $740 - $830 -
1976 $616 - $752 -
1975 $562 - $741 -
1974 $508 - $624 -
1973 $389 - $493 -
1972 $308 - $415 -
1971 $272.1 - $320 -
1970 $249 - $280.5 -
1969 $238.2 - $257.7 -
1968 $226.8 - $248.9 -
1967 $220.9 - $228 -
1966 $213.9 - $223.8 -
1965 $208.7 - $217.3 -
1964 $197 - $228.5 -
1963 $189.9 - $231.9 -
1962 $182.8 - $201.4 -
1961 $167.1 - $200.7 -
1960 $153.4 - - -

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

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

Paraguay's GDP per capita is $6,416, ranking 109/197, compared to $4,181 in Tunisia, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), Paraguay ranks 102nd at $18,524, while Tunisia ranks 114th at $14,521.

Economic indicators

Paraguay Tunisia
Gross domestic product
$44.5B
2024
$51.3B
2024
GDP rank
98/197
2024
93/197
2024
GDP growth
4.25%
2023-2024
1.61%
2023-2024
GDP per capita
$6,416
2024
$4,181
2024
GDP per capita rank
109/197
2024
129/197
2024
GDP per capita, PPP
$18,524
2024
$14,521
2024
GDP per capita PPP rank
102/197
2024
114/197
2024
Government debt
$19.9B
2024
$42.8B
2024
Debt-to-GDP ratio
44.8%
2024
83.4%
2024
Government debt per person
$2,872
2024
$3,487
2024
Government debt per person rank
103/185
2024
94/185
2024
Average annual personal income after taxes
$6,136
2026
$3,951
2026
Market capitalization of domestic companies
$313M
1999
$8.3B
2024
Income share by richest 10%
35%
2024
27%
2021
Income share by poorest 10%
2%
2024
3.1%
2021
Government expenditure, % of GDP
21%
2024
33.8%
2024
Consumer prices inflation
3.84%
2023-2024
7%
2023-2024
Central bank interest rate
6%
2024
7.5%
2025
Unemployment rate
5.69%
2024
15.1%
2023
Population
7120169
12437803

Spending and national debt comparison by year

Paraguay
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
Paraguay Tunisia
Government spending Government debt Government spending Government debt
2024 21% 44.8% 33.8% 83.4%
2023 21.5% 41.1% 35.7% 84%
2022 20.2% 40.5% 36.5% 83%
2021 20.4% 37.5% 33.2% 79.7%
2020 22.6% 36.9% 34.5% 77.7%
2019 20.1% 25.8% 29.5% 67.3%
2018 18.5% 22.3% 28.7% 72.9%
2017 18.1% 19.8% 28.7% 67.1%
2016 17.7% 19.4% 27.2% 58.9%
2015 18% 18.6% 27.4% 52.4%
2014 17.1% 15.6% 27.7% 50.7%
2013 17.1% 13.5% 30.8% 45.6%
2012 17.6% 12.3% 28.3% 49%
2011 14.7% 11.1% 27.9% 43.3%
2010 13.3% 13% 24% 38.8%
2009 14.3% 14.9% 24.6% 40.3%
2008 11.8% 16% 23.7% 41.4%
2007 13.1% 16.8% 23.3% 42.7%
2006 14.1% 21% 22.9% 45.7%
2005 14% 28.3% 23% 50%
2004 14% 36% 23% 51.6%
2003 14.6% 37.5% 23.5% 52.6%
2002 17.6% 50.5% 24.1% 51.6%
2001 19% 37.1% 24% 52.2%
2000 19.6% 33.6% 24% 62.9%
1999 19.2% 32% 24% 61.9%
1998 18% 22.1% 24.2% 58.2%
1997 18.1% 18% 24.5% 66.6%
1996 16.9% 16.8% 26.7% 66.8%
1995 15.7% 17.6% 26.6% 65.6%
1994 14.5% 18.7% 25.9% 63.9%
1993 12.9% 26.6% 26.7% 63.8%
1992 13% 34.4% 25.7% 62.1%
1991 11.4% 49.4% 27.6% 63.3%
1990 10.5% 67% - -
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/tunisia | CC BY

In 2024, Paraguay's government spending was $9.33B, accounting for 21% of its GDP, while Tunisia spent $17.4B, or 33.8% of GDP.

Debt-to-GDP ratio is 44.8% in Paraguay and 83.4% in Tunisia, ranking 120/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
Paraguay

Tunisia
1x
Year Deficit/surplus, % of GDP
Paraguay Tunisia
2024 -2.12% -5.92%
2023 -3.81% -7.03%
2022 -2.64% -6.91%
2021 -3.39% -7.6%
2020 -5.72% -9.06%
2019 -2.44% -3.6%
2018 -1.01% -4.27%
2017 -0.44% -5.61%
2016 -0.37% -5.87%
2015 -0.44% -4.95%
2014 -0.27% -3.11%
2013 -1.16% -7.05%
2012 -0.58% -4.9%
2011 1.29% -3.19%
2010 1.54% -0.46%
2009 0.59% -2.59%
2008 2.29% -0.62%
2007 1.27% -2.47%
2006 0.91% -2.33%
2005 0.74% -2.59%
2004 1.33% -2.1%
2003 -0.07% -2.64%
2002 -1.89% -2.55%
2001 0.07% -2.87%
2000 -0.55% -3.22%
1999 2.67% -3.05%
1998 4.28% -2.84%
1997 3% -3.7%
1996 2.43% -5.18%
1995 2.78% -4.53%
1994 4.59% -2.87%
1993 4.27% -3.22%
1992 3.1% -3.45%
1991 3.41% -5.25%
1990 7.56% -
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/tunisia | 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 Tunisia's deficit of $3.04B, or 5.92% of GDP.

Over the past 34 years, Paraguay recorded a fiscal deficit in 16 of those years, while Tunisia ran a deficit in 34 years. On average, Paraguay posted an annual surplus equal to 0.4% of GDP, compared to deficit of 4.05% of GDP for Tunisia.

Inflation comparison by year

Inflation
Paraguay

Tunisia
1x
Year Consumer prices inflation
Paraguay Tunisia
2024 3.84% 7%
2023 4.63% 9.3%
2022 9.77% 8.3%
2021 4.79% 5.7%
2020 1.77% 5.6%
2019 2.76% 6.7%
2018 3.98% 7.3%
2017 3.6% 5.3%
2016 4.09% 3.6%
2015 3.13% 4.4%
2014 5.03% 4.6%
2013 2.68% 5.3%
2012 3.68% 4.6%
2011 8.25% 3.2%
2010 4.65% 4.4%
2009 2.59% 3.5%
2008 10.2% 4.9%
2007 8.13% 3.4%
2006 9.59% 4.1%
2005 6.81% 2%
2004 4.32% 3.7%
2003 14.2% 2.7%
2002 10.5% 2.7%
2001 7.27% 1.9%
2000 8.98% 2.8%
1999 6.75% 2.8%
1998 11.6% 3.1%
1997 6.95% 3.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Paraguay has recorded an average annual inflation rate of 6.23%, compared with 4.52% in Tunisia. In 2024, inflation was 3.84% in Paraguay and 7% in Tunisia.

Top exports between countries

Paraguay
Export category Export value
Raw agricultural goods $22.2M
Processed food, beverages & tobacco $6.46M
Animal & marine products $1.33M
Machinery & equipment $117K
Chemicals & pharma $6K
Tunisia
Export category Export value
Raw materials & minerals $55K
Chemicals & pharma $50K
Machinery & equipment $17K
Textiles & consumer goods $13K
Metals $4K

Balance of trade

Paraguay Tunisia
Current account balance
-$1.53B
2024
-$775M
2024
Current account balance ranking
133/190
2024
117/190
2024
Current account balance, % of GDP
-3.44%
2024
-1.51%
2024
Goods imports
$15.8B
2024
$18.7B
2024
Goods exports
$14.9B
2024
$8.95B
2024
Service imports
$2.54B
2024
$3.92B
2024
Service exports
$2.65B
2024
$11.2B
2024
Imports of goods and services, % of GDP
39.6%
2024
56.3%
2024
Exports of goods and services, % of GDP
37.2%
2024
50%
2024

Economic freedom indices

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

Paraguay Tunisia
Economic freedom 66.4 48.1
Economic freedom ranking 61/197 172/197
Property rights 44.2 55.7
Government integrity 27.3 42.1
Judicial effectiveness 38.4 39.7
Tax burden 95.9 68.5
Government spending 86.9 62.5
Fiscal health 83 16
Business freedom 72 59.4
Labor freedom 44.1 55.8
Monetary freedom 76.5 72.4
Trade freedom 78.4 54.6
Investment freedom 80 20
Financial freedom 70 30

Economic freedom comparison by year

Paraguay
Tunisia
1x
Year Economic freedom index
Paraguay Tunisia
2026 66.4 48.1
2025 65.2 49.1
2024 60.1 48.8
2023 61 52.9
2022 62.9 54.2
2021 62.6 56.6
2020 63 55.8
2019 61.8 55.4
2018 62.1 58.9
2017 62.4 55.7
2016 61.5 57.6
2015 61.1 57.7
2014 62 57.3
2013 61.1 57
2012 61.8 58.6
2011 62.3 58.5
2010 61.3 58.9
2009 61 58
2008 60 60.1
2007 58.3 60.3
2006 55.6 57.5
2005 53.4 55.4
2004 56.7 58.4
2003 58.2 58.1
2002 59.6 60.2
2001 60.3 60.8
2000 64 61.3
1999 63.7 61.1
1998 65.2 63.9
1997 67.3 63.8
1996 67.1 63.9
1995 65.9 63.4

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

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

The Economic Freedom Index for Paraguay is 66.4, ranking 61/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Paraguay Tunisia
Services, % of GDP
48.7%
2024
62.6%
2024
Industry, % of GDP
32.5%
2024
22.6%
2024
Agriculture, forestry, and fishing, % of GDP
10.7%
2024
9.74%
2024
GNI, Atlas method
$43.7B
2024
$47.7B
2024
GNI per capita, PPP
$17,930
2024
$14,230
2024
Total reserves including gold
$9.89B
2023
$9.34B
2024
Total reserves ranking
76/177
2023
80/177
2024
Net foreign direct investment
-$335M
2024
-$725M
2024
Net inflows of foreign direct investment
$1.1B
2024
$760M
2024
Net outflows of foreign direct investment
$166M
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
4.58%
2024
10.9%
2024
Poverty at national poverty lines
20.1%
2024
16.6%
2021
Gross capital formation, % of GDP
22.8%
2024
7.86%
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/tunisia | 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 (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.