Paraguay vs Vanuatu: Economic Indicators Comparison

Paraguay with a GDP of $40.5B ranked the 94th largest economy in the world, while Vanuatu ranked 186th with $914.3M. By GDP 5-years average growth and GDP per capita, Paraguay and Vanuatu ranked 50th vs 107th and 104th vs 133rd, respectively.

Gross Domestic Product & Income

StatParaguayVanuatu
GDP$40.5B$914.3M
GDP growth, 1 year3.7%3.2%
GDP growth, 5-years average4.2%2.7%
Population6.8M276k
GDP per capita$5.8k$3.1k
GDP per capita growth2.35%0.67%
Purchasing Power Parity conversion factor2453.78106.84
Price level ratio of PPP conversion factor GDP to market exchange rate0.430.97
GDP per capita, PPP adjusted$13k$2.9k
GNI, Atlas method$39.4B$915.5M
GNI per capita$5.7k$3.1k
GNI, PPP adjusted$91.9B$951.3M
GNI per capita, PPP adjusted$13k$3.3k

Financial system and Human development

StatParaguayVanuatu
Income Tax Rate10%0%
Corporate Tax Rate10%0%
Inflation, consumer prices4%2.8%
Inflation, GDP deflator2.1%2.9%
Unemployment4.7%5.4%
Economic Freedom Index6360.7
Personal Freedom Index7.36.7
Human Freedom Index7.026.7
Property Rights Index44.768.3
Judical Effectiveness Index26.436.1
Business Freedom Index60.951.8
Fiscal Health Index9878.4
Labor Freedom Index2954.6
Investment Freedom Index7565
Financial Freedom Index6040
Trade Freedom Index75.463.4
Monetary Freedom Index72.574.6
Government Spending Index88.661.1
Tax Burden Index96.197.1
Government Integrity Index29.637.4
Corruption Perceptions Index2946
Life expectancy at birth, years7470.2
Suicide mortality rate, per 100,000 people9.54.5
Mortality caused by road traffic injury, per 100,000 people22.715.9
Intentional homicides, per 100,000 people9.32.1
International tourism, number of arrivals1.2M116k

Government debt & reserves

StatParaguayVanuatu
Central government debt, % of GDP21.6%50.5%
External debt stocks, % of GNI39.9%45.9%
External debt stocks$15.8B$402.2M
Short-term debt, % of total reserves60%10.7%
Total debt service, % of exports and primary income15.7%2.1%
Adjusted net savings including particulate emission damage, % of GNI14.5%20.8%
Gross savings, % of GDP23.2%31.8%
Gross capital formation, % of GDP22.4%26.4%
Total reserves including gold$7.7B$420.6M
Foreign direct investment net inflows$386.9M$37.6M

Exports, imports and economic structure

StatParaguayVanuatu
Exports of goods and services, % of GDP36%48.6%
Imports of goods and services, % of GDP34.4%49.4%
Current account balance (balance of payments)$8.6M$85.4M
Revenue excluding grants, % of GDP17.4%30.3%
Grants excluding technical cooperation, BoP$64.1M$57.9M
Personal remittances received$682.9M$35.2M
Industry including construction value added, % of GDP33.9%11.1%
Agriculture, forestry and fishing value added, % of GDP10.4%25.8%
Charges for the use of intellectual property, payments BoP$18.5M$543k
Charges for the use of intellectual property, receipts BoP$114.1M$718k
Expense, % of GDP15.6%25.6%
Government Expenditure, % of GDP19.5%36%

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

Vanuatu vs

CountryGDP
per capita
Population
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M