Skip to content

Economy of Paraguay vs Uganda compared: GDP & Debt

Updated on by Georank team

Paraguay has a GDP of $44.5B compared to $53.9B for Uganda, ranking 98/197 and 89/197 by economy size, respectively.

Paraguay has $19.9B in government debt (44.8% of GDP), compared to $27.8B (51.5% of GDP) in Uganda.

Paraguay vs Uganda GDP by year

Paraguay
Uganda
1x
Year GDP, current $
Paraguay Uganda
2024 $44,458,118,397 $53,911,907,086
2023 $43,118,053,175 $48,768,955,863
2022 $41,952,910,858 $45,565,333,211
2021 $39,950,899,939 $40,529,788,749
2020 $35,432,178,068 $37,600,368,242
2019 $37,925,338,329 $35,353,061,003
2018 $40,225,448,341 $32,927,025,620
2017 $38,997,129,474 $30,744,473,841
2016 $36,089,700,223 $29,203,988,696
2015 $36,211,447,840 $32,387,183,730
2014 $40,377,929,296 $32,612,397,257
2013 $38,501,122,141 $28,915,786,517
2012 $33,271,921,136 $27,305,915,911
2011 $33,756,238,766 $27,871,725,241
2010 $27,260,886,405 $26,673,441,431
2009 $22,355,151,162 $25,127,805,567
2008 $24,615,267,664 $14,440,404,132
2007 $17,856,393,235 $11,902,564,495
2006 $13,429,430,050 $9,977,647,683
2005 $10,737,500,188 $9,239,221,763
2004 $9,624,440,836 $7,939,487,548
2003 $7,691,367,471 $6,606,884,275
2002 $7,196,260,657 $6,178,563,591
2001 $8,495,806,432 $5,840,503,869
2000 $8,855,705,140 $6,193,246,837
1999 $8,837,070,236 $5,998,563,258
1998 $9,260,481,572 $6,584,815,847
1997 $9,965,225,678 $6,269,333,313
1996 $9,788,391,781 $6,044,585,327
1995 $9,062,131,475 $5,755,818,842
1994 $7,870,982,005 $3,990,430,447
1993 $7,249,533,620 $3,220,439,044
1992 $7,157,424,031 $2,857,457,762
1991 $6,984,367,763 $3,321,729,160
1990 $5,812,114,523 $4,304,399,310
1989 $4,757,732,200 $5,276,480,799
1988 $4,255,683,528 $6,508,931,652
1987 $3,971,044,724 $6,269,522,042
1986 $3,723,993,943 $3,923,244,050
1985 $3,282,449,236 $3,519,695,444
1984 $4,502,462,807 $3,615,647,477
1983 $5,673,248,726 $2,240,333,333
1982 $5,419,411,765 $2,177,500,000
1981 $5,624,515,873 $1,337,300,000
1980 $4,448,087,302 $1,244,610,000
1979 $3,416,777,778 $2,139,025,000
1978 $2,559,857,143 $2,420,260,870
1977 $2,092,158,730 $2,936,470,588
1976 $1,698,960,317 $2,447,300,000
1975 $1,511,420,635 $2,359,555,556
1974 $1,333,475,397 $2,098,944,967
1973 $995,531,746 $1,701,829,789
1972 $769,039,683 $1,490,970,181
1971 $664,571,429 $1,417,191,656
1970 $594,611,111 $1,259,554,809
1969 $556,293,651 $1,168,556,629
1968 $517,650,794 $1,037,379,252
1967 $492,674,603 $967,240,655
1966 $465,888,889 $925,381,492
1965 $443,587,302 $884,502,310
1964 $408,349,206 $589,247,687
1963 $383,904,762 $516,315,231
1962 $360,698,413 $449,158,233
1961 $322,053,713 $441,667,335
1960 $288,884,368 $423,145,605

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

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

GDP per capita in Paraguay vs Uganda by year

Paraguay
GDP per capita

GDP per capita, PPP
Uganda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Paraguay Uganda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,416 $18,524 $1,078 $3,273
2023 $6,300 $17,564 $1,002 $3,098
2022 $6,206 $16,347 $963 $2,919
2021 $5,977 $15,406 $883 $2,685
2020 $5,365 $14,309 $846 $2,532
2019 $5,821 $14,150 $822 $2,441
2018 $6,258 $14,139 $792 $2,312
2017 $6,152 $13,977 $765 $2,158
2016 $5,775 $13,329 $753 $2,165
2015 $5,879 $12,679 $863 $2,190
2014 $6,652 $12,607 $896 $2,134
2013 $6,436 $12,137 $818 $2,045
2012 $5,642 $10,954 $795 $2,032
2011 $5,805 $11,442 $836 $2,268
2010 $4,751 $10,893 $823 $2,092
2009 $3,942 $9,802 $799 $2,015
2008 $4,385 $9,867 $473 $1,931
2007 $3,212 $9,179 $401 $1,795
2006 $2,439 $8,561 $347 $1,660
2005 $1,971 $8,007 $330 $1,497
2004 $1,786 $7,686 $292.4 $1,405
2003 $1,444 $7,276 $250.7 $1,320
2002 $1,368 $6,924 $242 $1,255
2001 $1,638 $6,916 $236 $1,173
2000 $1,736 $6,937 $258.1 $1,124
1999 $1,766 $7,080 $257.9 $1,100
1998 $1,890 $7,227 $292.5 $1,037
1997 $2,079 $7,299 $286.8 $1,007
1996 $2,088 $7,040 $284.7 $969
1995 $1,979 $6,966 $278.5 $897
1994 $1,760 $6,542 $198.4 $809
1993 $1,662 $6,234 $165.6 $770
1992 $1,683 $5,952 $152.1 $719
1991 $1,685 $5,873 $183 $703
1990 $1,440 $5,637 $245 $666
1989 $1,211 - $310 -
1988 $1,114 - $395 -
1987 $1,069 - $393 -
1986 $1,031 - $253.6 -
1985 $935 - $234.3 -
1984 $1,319 - $247.5 -
1983 $1,710 - $157.5 -
1982 $1,680 - $157 -
1981 $1,793 - $98.6 -
1980 $1,457 - $93.8 -
1979 $1,149 - $164.5 -
1978 $883 - $190.7 -
1977 $740 - $237.6 -
1976 $616 - $203.3 -
1975 $562 - $201.2 -
1974 $508 - $183.7 -
1973 $389 - $152.7 -
1972 $308 - $137 -
1971 $272.1 - $133.5 -
1970 $249 - $122 -
1969 $238.2 - $116.7 -
1968 $226.8 - $106.9 -
1967 $220.9 - $102.8 -
1966 $213.9 - $101.4 -
1965 $208.7 - $100 -
1964 $197 - $68.6 -
1963 $189.9 - $62 -
1962 $182.8 - $55.5 -
1961 $167.1 - $56.2 -
1960 $153.4 - $55.4 -

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

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

Paraguay's GDP per capita is $6,416, ranking 109/197, compared to $1,078 in Uganda, ranking 176/197. Adjusted for purchasing power (GDP per capita PPP), Paraguay ranks 102nd at $18,524, while Uganda ranks 176th at $3,273.

Economic indicators

Paraguay Uganda
Gross domestic product
$44.5B
2024
$53.9B
2024
GDP rank
98/197
2024
89/197
2024
GDP growth
4.25%
2023-2024
6.06%
2023-2024
GDP per capita
$6,416
2024
$1,078
2024
GDP per capita rank
109/197
2024
176/197
2024
GDP per capita, PPP
$18,524
2024
$3,273
2024
GDP per capita PPP rank
102/197
2024
176/197
2024
Government debt
$19.9B
2024
$27.8B
2024
Debt-to-GDP ratio
44.8%
2024
51.5%
2024
Government debt per person
$2,872
2024
$555
2024
Government debt per person rank
103/185
2024
163/185
2024
Average annual personal income after taxes
$6,136
2026
$1,466
2026
Market capitalization of domestic companies
$313M
1999
n/a
Income share by richest 10%
35%
2024
34.5%
2019
Income share by poorest 10%
2%
2024
2.4%
2019
Government expenditure, % of GDP
21%
2024
18.7%
2024
Consumer prices inflation
3.84%
2023-2024
3.3%
2023-2024
Central bank interest rate
6%
2024
9.75%
2024
Unemployment rate
5.69%
2024
3.42%
2021
Population
7120169
53170946

Spending and national debt comparison by year

Paraguay
Spending

Debt
Uganda
Spending

Debt
1x
Year % of GDP
Paraguay Uganda
Government spending Government debt Government spending Government debt
2024 21% 44.8% 18.7% 51.5%
2023 21.5% 41.1% 19.3% 50.5%
2022 20.2% 40.5% 19.5% 50.2%
2021 20.4% 37.5% 22% 50.3%
2020 22.6% 36.9% 21.4% 46.3%
2019 20.1% 25.8% 18.3% 37.5%
2018 18.5% 22.3% 16.2% 34.9%
2017 18.1% 19.8% 16.3% 33.6%
2016 17.7% 19.4% 15.2% 31.3%
2015 18% 18.6% 14.9% 28%
2014 17.1% 15.6% 13.6% 24.8%
2013 17.1% 13.5% 13.3% 22.1%
2012 17.6% 12.3% 13.1% 19.5%
2011 14.7% 11.1% 13.2% 18%
2010 13.3% 13% 15.4% 18.4%
2009 14.3% 14.9% 11.8% 14.8%
2008 11.8% 16% 12.9% 15.7%
2007 13.1% 16.8% 13.2% 17%
2006 14.1% 21% 13.7% 27.8%
2005 14% 28.3% 14.5% 42.6%
2004 14% 36% 15.6% 49%
2003 14.6% 37.5% 16.5% 55.1%
2002 17.6% 50.5% 16.8% 54.7%
2001 19% 37.1% 16.2% 51.4%
2000 19.6% 33.6% 15.2% 48.5%
1999 19.2% 32% 14.7% 47.7%
1998 18% 22.1% 14% 45.1%
1997 18.1% 18% 13.9% 44.2%
1996 16.9% 16.8% - -
1995 15.7% 17.6% - -
1994 14.5% 18.7% - -
1993 12.9% 26.6% - -
1992 13% 34.4% - -
1991 11.4% 49.4% - -
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/uganda | CC BY

In 2024, Paraguay's government spending was $9.33B, accounting for 21% of its GDP, while Uganda spent $10.1B, or 18.7% of GDP.

Debt-to-GDP ratio is 44.8% in Paraguay and 51.5% in Uganda, ranking 120/185 and 103/185, respectively.

Government deficit by year

Deficit/surplus
Paraguay

Uganda
1x
Year Deficit/surplus, % of GDP
Paraguay Uganda
2024 -2.12% -3.99%
2023 -3.81% -4.87%
2022 -2.64% -5.45%
2021 -3.39% -7.76%
2020 -5.72% -7.76%
2019 -2.44% -4.82%
2018 -1.01% -3.02%
2017 -0.44% -3.83%
2016 -0.37% -2.64%
2015 -0.44% -2.59%
2014 -0.27% -2.74%
2013 -1.16% -3.19%
2012 -0.58% -2.39%
2011 1.29% -2.04%
2010 1.54% -4.64%
2009 0.59% -1.61%
2008 2.29% -1.99%
2007 1.27% -0.82%
2006 0.91% -0.64%
2005 0.74% -0.17%
2004 1.33% 0.34%
2003 -0.07% -0.97%
2002 -1.89% -2.07%
2001 0.07% -0.99%
2000 -0.55% -0.62%
1999 2.67% -1.24%
1998 4.28% -0.7%
1997 3% -0.83%
1996 2.43% -
1995 2.78% -
1994 4.59% -
1993 4.27% -
1992 3.1% -
1991 3.41% -
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/uganda | 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 Uganda's deficit of $2.15B, or 3.99% of GDP.

Over the past 28 years, Paraguay recorded a fiscal deficit in 16 of those years, while Uganda ran a deficit in 27 years. On average, Paraguay posted an annual deficit equal to 0.25% of GDP, compared to deficit of 2.64% of GDP for Uganda.

Inflation comparison by year

Inflation
Paraguay

Uganda
1x
Year Consumer prices inflation
Paraguay Uganda
2024 3.84% 3.3%
2023 4.63% 5.4%
2022 9.77% 7.2%
2021 4.79% 2.2%
2020 1.77% 2.8%
2019 2.76% 2.1%
2018 3.98% 2.5%
2017 3.6% 5.6%
2016 4.09% 5.2%
2015 3.13% 3.7%
2014 5.03% 4.3%
2013 2.68% 5.5%
2012 3.68% 14%
2011 8.25% 18.7%
2010 4.65% 4%
2009 2.59% 13%
2008 10.2% 12%
2007 8.13% 6.1%
2006 9.59% 7.2%
2005 6.81% 8.6%
2004 4.32% 3.7%
2003 14.2% 8.7%
2002 10.5% -0.3%
2001 7.27% 1.9%
2000 8.98% 3.4%
1999 6.75% 5.8%
1998 11.6% 5.8%
1997 6.95% 7.7%

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/uganda | CC BY

Over the past 28 years, Paraguay has recorded an average annual inflation rate of 6.23%, compared with 6.08% in Uganda. In 2024, inflation was 3.84% in Paraguay and 3.3% in Uganda.

Balance of trade

Paraguay Uganda
Current account balance
-$1.53B
2024
-$4.29B
2024
Current account balance ranking
133/190
2024
164/190
2024
Current account balance, % of GDP
-3.44%
2024
-7.96%
2024
Goods imports
$15.8B
2024
$11.7B
2024
Goods exports
$14.9B
2024
$8.67B
2024
Service imports
$2.54B
2024
$4.38B
2024
Service exports
$2.65B
2024
$2.39B
2024
Imports of goods and services, % of GDP
39.6%
2024
25.9%
2024
Exports of goods and services, % of GDP
37.2%
2024
16.8%
2024

Economic freedom indices

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

Paraguay Uganda
Economic freedom 66.4 52.4
Economic freedom ranking 61/197 149/197
Property rights 44.2 42.2
Government integrity 27.3 25.1
Judicial effectiveness 38.4 29.4
Tax burden 95.9 73.4
Government spending 86.9 89
Fiscal health 83 58.3
Business freedom 72 50.2
Labor freedom 44.1 55.9
Monetary freedom 76.5 77.1
Trade freedom 78.4 58
Investment freedom 80 30
Financial freedom 70 40

Economic freedom comparison by year

Paraguay
Uganda
1x
Year Economic freedom index
Paraguay Uganda
2026 66.4 52.4
2025 65.2 51.3
2024 60.1 50.7
2023 61 51.4
2022 62.9 54.2
2021 62.6 58.6
2020 63 59.5
2019 61.8 59.7
2018 62.1 62
2017 62.4 60.9
2016 61.5 59.3
2015 61.1 59.7
2014 62 59.9
2013 61.1 61.1
2012 61.8 61.9
2011 62.3 61.7
2010 61.3 62.2
2009 61 63.5
2008 60 63.8
2007 58.3 63.1
2006 55.6 63.9
2005 53.4 62.9
2004 56.7 64.1
2003 58.2 60.1
2002 59.6 61
2001 60.3 60.4
2000 64 58.2
1999 63.7 64.8
1998 65.2 64.7
1997 67.3 66.6
1996 67.1 66.2
1995 65.9 62.9

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

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

The Economic Freedom Index for Paraguay is 66.4, ranking 61/197, compared to 52.4 for Uganda, ranking 149/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Paraguay Uganda
Services, % of GDP
48.7%
2024
43.1%
2024
Industry, % of GDP
32.5%
2024
24.9%
2024
Agriculture, forestry, and fishing, % of GDP
10.7%
2024
24.6%
2024
GNI, Atlas method
$43.7B
2024
$50.9B
2024
GNI per capita, PPP
$17,930
2024
$3,190
2024
Total reserves including gold
$9.89B
2023
$3.36B
2018
Total reserves ranking
76/177
2023
114/177
2018
Net foreign direct investment
-$335M
2024
-$3.26B
2024
Net inflows of foreign direct investment
$1.1B
2024
$3.26B
2024
Net outflows of foreign direct investment
$166M
2024
$400K
2024
Servicing debt to the IMF, % of GNI
4.58%
2024
2.96%
2024
Poverty at national poverty lines
20.1%
2024
20.3%
2019
Gross capital formation, % of GDP
22.8%
2024
22.4%
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/uganda | 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)

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.