Paraguay vs the United States: Economic Indicators Comparison

The United States with a GDP of $20.5T ranked the 1st largest economy in the world, while Paraguay ranked 94th with $40.5B. By GDP 5-years average growth and GDP per capita, the United States and Paraguay ranked 113th vs 50th and 11th vs 104th, respectively.

Gross Domestic Product & Income

StatParaguayUnited States
GDP$40.5B$20.5T
GDP growth, 1 year3.7%2.9%
GDP growth, 5-years average4.2%2.4%
Population6.8M325.1M
GDP per capita$5.8k$63k
GDP per capita growth2.35%2.29%
Purchasing Power Parity conversion factor2453.781
Price level ratio of PPP conversion factor GDP to market exchange rate0.431
GDP per capita, PPP adjusted$13k$63k
GNI, Atlas method$39.4B$20.6T
GNI per capita$5.7k$63k
GNI, PPP adjusted$91.9B$20.8T
GNI per capita, PPP adjusted$13k$64k

Financial system and Human development

StatParaguayUnited States
Income Tax Rate10%37%
Corporate Tax Rate10%21%
Inflation, consumer prices4%2.4%
Inflation, GDP deflator2.1%2.4%
Unemployment4.7%3.9%
Economic Freedom Index6376.6
Personal Freedom Index7.38.55
Human Freedom Index7.028.39
Property Rights Index44.781.8
Judical Effectiveness Index26.483.7
Business Freedom Index60.983.3
Fiscal Health Index9854.3
Labor Freedom Index2987.9
Investment Freedom Index7585
Financial Freedom Index6080
Trade Freedom Index75.479.8
Monetary Freedom Index72.575.5
Government Spending Index88.656.5
Tax Burden Index96.174.6
Government Integrity Index29.677.2
Corruption Perceptions Index2971
Life expectancy at birth, years7478.5
Suicide mortality rate, per 100,000 people9.515.3
Mortality caused by road traffic injury, per 100,000 people22.712.4
Intentional homicides, per 100,000 people9.35.3
International tourism, number of arrivals1.2M79.7M

Government debt & reserves

StatParaguayUnited States
Central government debt, % of GDP21.6%105.8%
External debt stocks, % of GNI39.9%N/A
External debt stocks$15.8BN/A
Short-term debt, % of total reserves60%N/A
Total debt service, % of exports and primary income15.7%N/A
Adjusted net savings including particulate emission damage, % of GNI14.5%6.1%
Gross savings, % of GDP23.2%18.6%
Gross capital formation, % of GDP22.4%21%
Total reserves including gold$7.7B$449.9B
Foreign direct investment net inflows$386.9M$258.4B

Exports, imports and economic structure

StatParaguayUnited States
Exports of goods and services, % of GDP36%12.2%
Imports of goods and services, % of GDP34.4%15.3%
Current account balance (balance of payments)$8.6M-$491B
Revenue excluding grants, % of GDP17.4%17.2%
Grants excluding technical cooperation, BoP$64.1MN/A
Personal remittances received$682.9M$6.7B
Industry including construction value added, % of GDP33.9%18.2%
Agriculture, forestry and fishing value added, % of GDP10.4%0.9%
Charges for the use of intellectual property, payments BoP$18.5M$56.1B
Charges for the use of intellectual property, receipts BoP$114.1M$128.7B
Expense, % of GDP15.6%22.4%
Government Expenditure, % of GDP19.5%38.1%

Compare with countries close by GDP per capita

Paraguay vs

CountryGDP
per capita
Population
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M

United States vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k