Paraguay vs Zambia: Economic Indicators Comparison

Paraguay with a GDP of $40.5B ranked the 94th largest economy in the world, while Zambia ranked 106th with $26.7B. By GDP 5-years average growth and GDP per capita, Paraguay and Zambia ranked 50th vs 62nd and 104th vs 157th, respectively.

Gross Domestic Product & Income

StatParaguayZambia
GDP$40.5B$26.7B
GDP growth, 1 year3.7%3.5%
GDP growth, 5-years average4.2%3.6%
Population6.8M17.1M
GDP per capita$5.8k$1.5k
GDP per capita growth2.35%0.82%
Purchasing Power Parity conversion factor2453.783.81
Price level ratio of PPP conversion factor GDP to market exchange rate0.430.36
GDP per capita, PPP adjusted$13k$4.1k
GNI, Atlas method$39.4B$24.8B
GNI per capita$5.7k$1.4k
GNI, PPP adjusted$91.9B$71.2B
GNI per capita, PPP adjusted$13k$4.1k

Financial system and Human development

StatParaguayZambia
Income Tax Rate10%35%
Corporate Tax Rate10%35%
Inflation, consumer prices4%7%
Inflation, GDP deflator2.1%9.3%
Unemployment4.7%7.2%
Economic Freedom Index6353.5
Personal Freedom Index7.36.26
Human Freedom Index7.026.67
Property Rights Index44.745.2
Judical Effectiveness Index26.431.3
Business Freedom Index60.966.4
Fiscal Health Index9818.4
Labor Freedom Index2947
Investment Freedom Index7555
Financial Freedom Index6050
Trade Freedom Index75.472.6
Monetary Freedom Index72.572.2
Government Spending Index88.681.7
Tax Burden Index96.173.2
Government Integrity Index29.628.4
Corruption Perceptions Index2935
Life expectancy at birth, years7463
Suicide mortality rate, per 100,000 people9.56.1
Mortality caused by road traffic injury, per 100,000 people22.724.7
Intentional homicides, per 100,000 people9.35.3
International tourism, number of arrivals1.2M1.1M

Government debt & reserves

StatParaguayZambia
Central government debt, % of GDP21.6%72.4%
External debt stocks, % of GNI39.9%73.7%
External debt stocks$15.8B$19.1B
Short-term debt, % of total reserves60%42.5%
Total debt service, % of exports and primary income15.7%14.6%
Adjusted net savings including particulate emission damage, % of GNI14.5%9.2%
Gross savings, % of GDP23.2%31.3%
Gross capital formation, % of GDP22.4%38.2%
Total reserves including gold$7.7B$1.6B
Foreign direct investment net inflows$386.9M$408.4M

Exports, imports and economic structure

StatParaguayZambia
Exports of goods and services, % of GDP36%37.4%
Imports of goods and services, % of GDP34.4%38.2%
Current account balance (balance of payments)$8.6M-$342.3M
Revenue excluding grants, % of GDP17.4%16.9%
Grants excluding technical cooperation, BoP$64.1M$806.4M
Personal remittances received$682.9M$107M
Industry including construction value added, % of GDP33.9%36.3%
Agriculture, forestry and fishing value added, % of GDP10.4%2.6%
Charges for the use of intellectual property, payments BoP$18.5M$35M
Charges for the use of intellectual property, receipts BoP$114.1MN/A
Expense, % of GDP15.6%20.8%
Government Expenditure, % of GDP19.5%24.7%

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

Zambia vs

CountryGDP
per capita
Population
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
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M