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Economy of Paraguay vs Uzbekistan compared: GDP & Debt

Updated on by Georank

Paraguay has a GDP of $49.3B compared to $147B for Uzbekistan, ranking 97/197 and 61/197 by economy size, respectively.

Paraguay has $18.8B in government debt (38.1% of GDP), compared to $42B (28.6% of GDP) in Uzbekistan.

Paraguay vs Uzbekistan GDP by year

Paraguay
Uzbekistan
1x
Year GDP, current $
Paraguay Uzbekistan
2025 $49,278,227,554 $147,038,081,129
2024 $44,738,819,362 $121,356,065,241
2023 $43,140,465,596 $107,526,539,716
2022 $41,841,201,627 $94,286,355,836
2021 $39,937,357,256 $81,170,051,811
2020 $35,432,178,068 $70,127,127,133
2019 $37,925,338,329 $70,170,662,563
2018 $40,225,448,341 $61,318,332,403
2017 $38,997,129,474 $72,276,404,058
2016 $36,089,700,223 $97,871,364,319
2015 $36,211,447,840 $97,564,568,987
2014 $40,377,929,296 $91,303,765,114
2013 $38,501,122,141 $82,674,178,352
2012 $33,271,921,136 $75,318,846,931
2011 $33,756,238,767 $67,404,618,405
2010 $27,260,886,405 $55,544,226,553
2009 $22,355,151,162 $33,689,223,673
2008 $24,615,267,664 $29,549,438,884
2007 $17,856,393,235 $22,311,393,928
2006 $13,429,430,050 $17,330,833,853
2005 $10,737,500,188 $14,307,509,839
2004 $9,624,440,836 $12,030,023,548
2003 $7,691,367,471 $10,134,453,435
2002 $7,196,260,657 $9,687,788,513
2001 $8,495,806,432 $11,401,421,329
2000 $8,855,705,140 $13,760,513,969
1999 $8,837,070,236 $17,078,465,982
1998 $9,260,481,572 $14,988,971,211
1997 $9,965,225,678 $14,744,603,774
1996 $9,788,391,781 $13,948,892,216
1995 $9,062,131,475 $13,350,461,265
1994 $7,870,982,005 $12,899,074,922
1993 $7,249,533,620 $13,099,920,056
1992 $7,157,424,031 $12,953,801,760
1991 $6,984,367,763 $13,800,167,712
1990 $5,812,114,523 $13,362,340,338
1989 $4,757,732,200 $11,948,815,258
1988 $4,255,683,528 $10,722,799,639
1987 $3,971,044,724 $8,523,160,593
1986 $3,723,993,943 -
1985 $3,282,449,236 -
1984 $4,502,462,807 -
1983 $5,673,248,726 -
1982 $5,419,411,765 -
1981 $5,624,515,873 -
1980 $4,448,087,302 -
1979 $3,416,777,778 -
1978 $2,559,857,143 -
1977 $2,092,158,730 -
1976 $1,698,960,317 -
1975 $1,511,420,635 -
1974 $1,333,475,397 -
1973 $995,531,746 -
1972 $769,039,683 -
1971 $664,571,429 -
1970 $594,611,111 -
1969 $556,293,651 -
1968 $517,650,794 -
1967 $492,674,603 -
1966 $465,888,889 -
1965 $443,587,302 -
1964 $408,349,206 -
1963 $383,904,762 -
1962 $360,698,413 -
1961 $322,053,713 -
1960 $288,884,368 -

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

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

GDP per capita in Paraguay vs Uzbekistan by year

Paraguay
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Paraguay Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,027 - $3,968 -
2024 $6,457 $18,524 $3,337 $11,879
2023 $6,303 $17,564 $3,016 $11,107
2022 $6,189 $16,347 $2,699 $10,293
2021 $5,975 $15,406 $2,370 $9,248
2020 $5,365 $14,309 $2,088 $8,452
2019 $5,821 $14,150 $2,129 $8,544
2018 $6,258 $14,139 $1,894 $8,129
2017 $6,152 $13,977 $2,271 $7,818
2016 $5,775 $13,329 $3,128 $6,919
2015 $5,879 $12,679 $3,173 $6,800
2014 $6,652 $12,607 $3,021 $6,610
2013 $6,436 $12,137 $2,781 $6,413
2012 $5,642 $10,954 $2,574 $6,168
2011 $5,805 $11,442 $2,339 $5,949
2010 $4,751 $10,893 $1,957 $5,505
2009 $3,942 $9,802 $1,206 $5,135
2008 $4,385 $9,867 $1,075 $4,800
2007 $3,212 $9,179 $824 $4,386
2006 $2,439 $8,561 $649 $3,956
2005 $1,971 $8,007 $543 $3,618
2004 $1,786 $7,686 $462 $3,321
2003 $1,444 $7,276 $394 $3,047
2002 $1,368 $6,924 $381 $2,902
2001 $1,638 $6,916 $454 $2,782
2000 $1,736 $6,937 $555 $2,644
1999 $1,766 $7,080 $698 $2,522
1998 $1,890 $7,227 $621 $2,418
1997 $2,079 $7,299 $621 $2,329
1996 $2,088 $7,040 $597 $2,214
1995 $1,979 $6,966 $583 $2,178
1994 $1,760 $6,542 $574 $2,197
1993 $1,662 $6,234 $596 $2,318
1992 $1,683 $5,952 $603 $2,371
1991 $1,685 $5,873 $658 $2,676
1990 $1,440 $5,637 $653 $2,665
1989 $1,211 - $598 -
1988 $1,114 - $551 -
1987 $1,069 - $450 -
1986 $1,031 - - -
1985 $935 - - -
1984 $1,319 - - -
1983 $1,710 - - -
1982 $1,680 - - -
1981 $1,793 - - -
1980 $1,457 - - -
1979 $1,149 - - -
1978 $883 - - -
1977 $740 - - -
1976 $616 - - -
1975 $562 - - -
1974 $508 - - -
1973 $389 - - -
1972 $308 - - -
1971 $272.1 - - -
1970 $249 - - -
1969 $238.2 - - -
1968 $226.8 - - -
1967 $220.9 - - -
1966 $213.9 - - -
1965 $208.7 - - -
1964 $197 - - -
1963 $189.9 - - -
1962 $182.8 - - -
1961 $167.1 - - -
1960 $153.4 - - -

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

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

Paraguay's GDP per capita is $7,027, ranking 105/197, compared to $3,968 in Uzbekistan, ranking 134/197. Adjusted for purchasing power (GDP per capita PPP), Paraguay ranks 102nd at $18,524, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Paraguay Uzbekistan
Gross domestic product
$49.3B
2025
$147B
2025
GDP rank
97/197
2025
61/197
2025
GDP growth
6.64%
2024-2025
7.7%
2024-2025
GDP per capita
$7,027
2025
$3,968
2025
GDP per capita rank
105/197
2025
134/197
2025
GDP per capita, PPP
$18,524
2024
$11,879
2024
GDP per capita PPP rank
102/197
2024
125/197
2024
Government debt
$18.8B
2025
$42B
2025
Debt-to-GDP ratio
38.1%
2025
28.6%
2025
Government debt per person
$2,679
2025
$1,134
2025
Government debt per person rank
111/185
2025
139/185
2025
Average annual personal income after taxes
$6,874
2026
$3,560
2026
Market capitalization of domestic companies
$313M
1999
$23.7B
2025
Income share by richest 10%
35%
2024
24.2%
2025
Income share by poorest 10%
2%
2024
2.4%
2025
Government expenditure, % of GDP
19.6%
2025
27.4%
2025
Consumer prices inflation
4.04%
2024-2025
8.8%
2024-2025
Central bank interest rate
5.75%
2026
14%
2025
Unemployment rate
4.63%
2025
5.29%
2020
Population
7138671
38082870

Spending and national debt comparison by year

Paraguay
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Paraguay Uzbekistan
Government spending Government debt Government spending Government debt
2025 19.6% 38.1% 27.4% 28.6%
2024 20.9% 44.6% 26.1% 30.9%
2023 21.5% 41% 28.6% 30.7%
2022 20.2% 40.6% 30% 29.2%
2021 20.5% 37.5% 26.1% 30.2%
2020 22.6% 36.9% 24.7% 31.9%
2019 20.1% 25.8% 23.4% 24.3%
2018 18.5% 22.3% 21.2% 16.7%
2017 18.1% 19.8% 19.9% 17.3%
2016 17.7% 19.4% 20.5% 7.21%
2015 18% 18.6% 21.7% 5.94%
2014 17.1% 15.6% 22% 5.39%
2013 17.1% 13.5% 22.3% 5.51%
2012 17.6% 12.3% 21.5% 6.06%
2011 14.7% 11.1% 21.1% 5.65%
2010 13.3% 13% 23.7% 5.92%
2009 14.3% 14.9% 24.7% 6.57%
2008 11.8% 16% 23.8% 7.5%
2007 13.1% 16.8% 22.4% 8.6%
2006 14.1% 21% 22.3% 12.2%
2005 14% 28.3% 25.3% 18.9%
2004 14% 36% 26.5% 24.2%
2003 14.6% 37.5% 28.4% 28.3%
2002 17.6% 50.5% 31.2% 37.5%
2001 19% 37.1% 27.6% 40.4%
2000 19.6% 33.6% 29.6% 26.5%
1999 19.2% 32% 30.3% 16.6%
1998 18% 22.1% 31.6% 16.2%
1997 18.1% 18% 28.7% 13.8%
1996 16.9% 16.8% 31.6% -
1995 15.7% 17.6% 26.5% -
1994 14.5% 18.7% 24.4% -
1993 12.9% 26.6% 35.6% -
1992 13% 34.4% 16.2% -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-07-08).

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

In 2025, Paraguay's government spending was $9.66B, accounting for 19.6% of its GDP, while Uzbekistan spent $40.2B, or 27.4% of GDP.

Debt-to-GDP ratio is 38.1% in Paraguay and 28.6% in Uzbekistan, ranking 138/185 and 159/185, respectively.

Government deficit by year

Deficit/surplus
Paraguay

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Paraguay Uzbekistan
2025 -1.69% -1.66%
2024 -2.1% -2.25%
2023 -3.81% -3.85%
2022 -2.65% -3.49%
2021 -3.39% -3.9%
2020 -5.72% -2.8%
2019 -2.44% -0.29%
2018 -1.01% 1.57%
2017 -0.44% 1.04%
2016 -0.37% 0.62%
2015 -0.44% -0.24%
2014 -0.27% 1.68%
2013 -1.16% 1.9%
2012 -0.58% 5.28%
2011 1.29% 4.56%
2010 1.54% 2.29%
2009 0.59% 1.64%
2008 2.29% 5.38%
2007 1.27% 3.2%
2006 0.91% 2.45%
2005 0.74% -3.17%
2004 1.33% -3.37%
2003 -0.07% -4.39%
2002 -1.89% -5.69%
2001 0.07% -2.95%
2000 -0.55% -3.29%
1999 2.67% -2.62%
1998 4.28% -2.74%
1997 3% -1.85%
1996 2.43% -1.41%
1995 2.78% -1.59%
1994 4.59% -4.03%
1993 4.27% -10.8%
1992 3.1% 6.44%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-07-08).

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

In 2025, Paraguay's government deficit, the difference between spending and revenue, was $832M, equivalent to 1.69% of GDP. This compares to Uzbekistan's deficit of $2.43B, or 1.66% of GDP.

Over the past 34 years, Paraguay recorded a fiscal deficit in 17 of those years, while Uzbekistan ran a deficit in 21 years. On average, Paraguay posted an annual surplus equal to 0.25% of GDP, compared to deficit of 0.83% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Paraguay

Uzbekistan
1x
Year Consumer prices inflation
Paraguay Uzbekistan
2025 4.04% 8.8%
2024 3.84% 9.6%
2023 4.63% 10%
2022 9.77% 11.4%
2021 4.79% 10.8%
2020 1.77% 12.9%
2019 2.76% 14.5%
2018 3.98% 17.5%
2017 3.6% 13.9%
2016 4.09% 8.8%
2015 3.13% 8.5%
2014 5.03% 9.1%
2013 2.68% 11.7%
2012 3.68% 11.9%
2011 8.25% 12.4%
2010 4.65% 12.3%
2009 2.59% 12.3%
2008 10.2% 13.1%
2007 8.13% 11.2%
2006 9.59% 13.1%
2005 6.81% 10.7%
2004 4.32% 7.3%
2003 14.2% 12.5%
2002 10.5% 27.3%
2001 7.27% 27.3%
2000 8.98% 25%
1999 6.75% 29.1%
1998 11.6% 29%
1997 6.95% 70.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Paraguay has recorded an average annual inflation rate of 6.16%, compared with 16.3% in Uzbekistan. In 2025, inflation was 4.04% in Paraguay and 8.8% in Uzbekistan.

Top exports between countries

Paraguay
Export category Export value
Animal & marine products $51K
Raw agricultural goods $15K
Uzbekistan
Export category Export value
Textiles & consumer goods $639K

Balance of trade

Paraguay Uzbekistan
Current account balance
-$1.57B
2025
-$5.78B
2025
Current account balance ranking
131/190
2025
167/190
2025
Current account balance, % of GDP
-3.18%
2025
-3.93%
2025
Goods imports
$17.5B
2025
$38.5B
2025
Goods exports
$15.4B
2025
$23B
2025
Service imports
$2.75B
2025
$13.6B
2025
Service exports
$3.72B
2025
$9.27B
2025
Imports of goods and services, % of GDP
39.3%
2025
35.4%
2025
Exports of goods and services, % of GDP
37.2%
2025
22%
2025

Economic freedom indices

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

Paraguay Uzbekistan
Economic freedom 66.4 60.3
Economic freedom ranking 61/197 94/197
Property rights 44.2 43.1
Government integrity 27.3 32
Judicial effectiveness 38.4 13.7
Tax burden 95.9 95
Government spending 86.9 73.7
Fiscal health 83 79.9
Business freedom 72 62.5
Labor freedom 44.1 48.4
Monetary freedom 76.5 65.1
Trade freedom 78.4 80.6
Investment freedom 80 70
Financial freedom 70 60

Economic freedom comparison by year

Paraguay
Uzbekistan
1x
Year Economic freedom index
Paraguay Uzbekistan
2026 66.4 60.3
2025 65.2 58
2024 60.1 55.9
2023 61 56.5
2022 62.9 55.7
2021 62.6 58.3
2020 63 57.2
2019 61.8 53.3
2018 62.1 51.5
2017 62.4 52.3
2016 61.5 46
2015 61.1 47
2014 62 46.5
2013 61.1 46
2012 61.8 45.8
2011 62.3 45.8
2010 61.3 47.5
2009 61 50.5
2008 60 51.9
2007 58.3 51.5
2006 55.6 48.7
2005 53.4 45.8
2004 56.7 39.1
2003 58.2 38.3
2002 59.6 38.5
2001 60.3 38.2
2000 64 38.1
1999 63.7 33.8
1998 65.2 31.5
1997 67.3 -
1996 67.1 -
1995 65.9 -

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

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

The Economic Freedom Index for Paraguay is 66.4, ranking 61/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Paraguay Uzbekistan
Services, % of GDP
48.1%
2025
46.5%
2025
Industry, % of GDP
32.3%
2025
32.5%
2025
Agriculture, forestry, and fishing, % of GDP
11.6%
2025
16.6%
2025
GNI, Atlas method
$47.4B
2025
$136B
2025
GNI per capita, PPP
$19,390
2025
$13,640
2025
Total reserves including gold
$9.57B
2024
$41.2B
2024
Total reserves ranking
82/177
2024
53/177
2024
Net foreign direct investment
-$945M
2025
-$4.24B
2025
Net inflows of foreign direct investment
$1.1B
2024
$2.97B
2024
Net outflows of foreign direct investment
$166M
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
4.58%
2024
9.37%
2024
Poverty at national poverty lines
20.1%
2024
5.8%
2025
Gross capital formation, % of GDP
25.3%
2025
33.3%
2025

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/uzbekistan | 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 (2024–2025, 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.