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Iceland vs Paraguay statistics compared

Updated on by Georank team

Iceland has a population of 387K (ranked 173/197), compared with 6.93M in Paraguay (ranked 107/197). Iceland's land area is 38,931 sq mi versus 152,901 sq mi for Paraguay (ranked 104th vs. 59th).

By GDP, Iceland ranks 108/197 ($33.3B) and Paraguay ranks 98/197 ($44.5B). By GDP per capita, Iceland ranks 9/197 ($86,041), while Paraguay ranks 109/197 ($6,416).

Main facts and rankings

Iceland Paraguay
Population
397129
7120169
Population rank 173/197 108/197
GDP
$33.3B
2024
$44.5B
2024
GDP rank 108/197 98/197
GDP per capita
$86,041
2024
$6,416
2024
GDP per capita rank 9/197 109/197
GDP per capita, PPP
$84,257
2024
$18,524
2024
Government debt
$19.8B
2024
$19.9B
2024
Debt-to-GDP ratio
59.4%
2024
44.8%
2024
Government debt per person
$51,148
2024
$2,872
2024
Government debt per person rank 9/185 103/185
Average annual personal income after taxes
$55,565
2026
$6,136
2026
Land area 38,931 sq mi 152,901 sq mi
Population density
10.2 ppl/mi²
2026
46.4 ppl/mi²
2026
Fertility rate
1.59
2023
2.42
2023
Median age
37.1 years
2024
27.7 years
2024
Life expectancy
83.3 years
2026
74.2 years
2026

Iceland and Paraguay: Comparison Charts

Iceland and Paraguay economies compared

GDP
Iceland

Paraguay
1x
Year GDP
Iceland Paraguay
2024 $33,255,181,469 $44,458,118,397
2023 $31,677,891,897 $43,118,053,175
2022 $29,166,102,877 $41,952,910,858
2021 $26,234,872,402 $39,950,899,939
2020 $22,034,665,041 $35,432,178,068
2019 $24,985,687,022 $37,925,338,329
2018 $26,677,652,544 $40,225,448,341
2017 $25,060,086,488 $38,997,129,474
2016 $21,083,713,310 $36,089,700,223
2015 $17,700,486,957 $36,211,447,840
2014 $18,052,183,515 $40,377,929,296
2013 $16,244,319,959 $38,501,122,141
2012 $14,943,757,823 $33,271,921,136
2011 $15,394,005,872 $33,756,238,766
2010 $13,922,711,577 $27,260,886,405
2009 $13,212,543,838 $22,355,151,162
2008 $18,247,921,360 $24,615,267,664
2007 $21,960,110,030 $17,856,393,235
2006 $17,671,649,843 $13,429,430,050
2005 $17,146,410,561 $10,737,500,188
2004 $13,963,943,244 $9,624,440,836
2003 $11,564,687,742 $7,691,367,471
2002 $9,416,199,700 $7,196,260,657
2001 $8,323,401,820 $8,495,806,432
2000 $9,140,168,922 $8,855,705,140
1999 $9,107,644,691 $8,837,070,236
1998 $8,637,732,542 $9,260,481,572
1997 $7,716,781,803 $9,965,225,678
1996 $7,686,566,105 $9,788,391,781
1995 $7,372,640,169 $9,062,131,475
1994 $6,612,804,056 $7,870,982,005
1993 $6,435,952,174 $7,249,533,620
1992 $7,328,497,599 $7,157,424,031
1991 $7,151,260,062 $6,984,367,763
1990 $6,694,851,159 $5,812,114,523
1989 $5,870,854,233 $4,757,732,200
1988 $6,320,093,411 $4,255,683,528
1987 $5,713,281,235 $3,971,044,724
1986 $4,129,080,094 $3,723,993,943
1985 $3,088,359,967 $3,282,449,236
1984 $2,964,568,006 $4,502,462,807
1983 $2,862,634,164 $5,673,248,726
1982 $3,318,714,326 $5,419,411,765
1981 $3,615,094,820 $5,624,515,873
1980 $3,499,616,683 $4,448,087,302
1979 $2,953,176,971 $3,416,777,778
1978 $2,599,627,089 $2,559,857,143
1977 $2,285,707,749 $2,092,158,730
1976 $1,727,845,419 $1,698,960,317
1975 $1,456,052,700 $1,511,420,635
1974 $1,568,154,077 $1,333,475,397
1973 $1,194,794,186 $995,531,746
1972 $869,002,946 $769,039,683
1971 $693,679,545 $664,571,429
1970 $545,115,909 $594,611,111
1969 $435,659,610 $556,293,651
1968 $498,365,200 $517,650,794
1967 $652,609,076 $492,674,603
1966 $660,663,763 $465,888,889
1965 $550,150,988 $443,587,302
1964 $456,206,299 $408,349,206
1963 $357,240,896 $383,904,762
1962 $299,309,938 $360,698,413
1961 $266,711,460 $322,053,713
1960 $260,984,499 $288,884,368

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

GeoRank.org/facts/iceland/paraguay | CC BY

Iceland and Paraguay economies compared

GDP per capita
Iceland

Paraguay
1x
Year GDP per capita
Iceland Paraguay
2024 $86,041 $6,416
2023 $82,139 $6,300
2022 $76,350 $6,206
2021 $70,425 $5,977
2020 $60,128 $5,365
2019 $69,296 $5,821
2018 $75,634 $6,258
2017 $72,976 $6,152
2016 $62,854 $5,775
2015 $53,506 $5,879
2014 $55,140 $6,652
2013 $50,173 $6,436
2012 $46,595 $5,642
2011 $48,255 $5,805
2010 $43,776 $4,751
2009 $41,484 $3,942
2008 $57,489 $4,385
2007 $70,483 $3,212
2006 $58,172 $2,439
2005 $57,784 $1,971
2004 $47,810 $1,786
2003 $39,944 $1,444
2002 $32,749 $1,368
2001 $29,208 $1,638
2000 $32,504 $1,736
1999 $32,834 $1,766
1998 $31,519 $1,890
1997 $28,462 $2,079
1996 $28,584 $2,088
1995 $27,565 $1,979
1994 $24,858 $1,760
1993 $24,404 $1,662
1992 $28,072 $1,683
1991 $27,740 $1,685
1990 $26,272 $1,440
1989 $23,219 $1,211
1988 $25,307 $1,114
1987 $23,238 $1,069
1986 $16,980 $1,031
1985 $12,793 $935
1984 $12,378 $1,319
1983 $12,080 $1,710
1982 $14,191 $1,680
1981 $15,666 $1,793
1980 $15,340 $1,457
1979 $13,082 $1,149
1978 $11,630 $883
1977 $10,305 $740
1976 $7,848 $616
1975 $6,680 $562
1974 $7,287 $508
1973 $5,627 $389
1972 $4,155 $308
1971 $3,366 $272.1
1970 $2,666 $249
1969 $2,142 $238.2
1968 $2,473 $226.8
1967 $3,284 $220.9
1966 $3,378 $213.9
1965 $2,861 $208.7
1964 $2,414 $197
1963 $1,924 $189.9
1962 $1,641 $182.8
1961 $1,490 $167.1
1960 $1,486 $153.4

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

GeoRank.org/facts/iceland/paraguay | CC BY

Iceland vs. Paraguay life expectancy calculator

Life expectancy
Iceland

Paraguay
1x
Year Life expectancy, years
Iceland Paraguay
2026 83.3 74.2
2025 83.2 74.1
2024 83 74
2023 82.7 73.8
2022 81.6 72.3
2021 82.8 68.1
2020 82.7 72.7
2019 82.8 73.7
2018 82.5 73.6
2017 82.2 73.4
2016 81.8 73.5
2015 82.2 73.5
2014 82.4 73.4
2013 81.7 73.3
2012 82.3 73.1
2011 82 72.8
2010 81.6 72.6
2009 81.4 72.3
2008 81.2 72
2007 81.1 71.8
2006 80.9 71.6
2005 81.2 71.3
2004 80.7 71.1
2003 80.8 70.8
2002 80.3 70.5
2001 80.4 70.3
2000 79.5 70
1999 79.2 69.8
1998 79.4 69.5
1997 78.7 69.3
1996 78.6 69.1
1995 77.5 68.8
1994 79 68.5
1993 78.8 68.2
1992 78.6 68
1991 77.8 67.7
1990 77.7 67.3
1989 77.9 66.9
1988 76.9 66.7
1987 77.1 66.5
1986 77.9 66.2
1985 77.4 65.9
1984 77.3 65.6
1983 76.4 65.3
1982 76.8 65.1
1981 76.2 64.8
1980 76.6 64.6
1979 76.5 64.3
1978 76.4 64.1
1977 76.1 63.9
1976 76.6 63.7
1975 75.3 63.4
1974 74.1 63.2
1973 74.3 63.1
1972 74.4 62.9
1971 73.5 62.7
1970 73.8 62.6
1969 73.7 62.4
1968 73.9 62.2
1967 73.7 62
1966 73.1 61.8
1965 73.8 61.6
1964 73.5 61.4
1963 72.9 61.1
1962 73.6 60.8
1961 73.4 60.5
1960 74 60.2
1959 72.6 59.9
1958 73.3 59.6
1957 73.4 59.3
1956 72.9 59
1955 73.3 58.8
1954 73.3 58.6
1953 72.3 58.5
1952 72.4 58.4
1951 71 58.3
1950 71 58.1

Data sources: United Nations | World Population Prospects (1950–2026, retrieved 2026-03-10).

GeoRank.org/facts/iceland/paraguay | CC BY

Iceland and Paraguay population clocks and comparison

Population
Iceland

Paraguay
1x
Year Population
Iceland Paraguay
2024 386,506 6,929,153
2023 385,663 6,844,146
2022 382,003 6,760,464
2021 372,520 6,684,182
2020 366,463 6,603,739
2019 360,563 6,515,058
2018 352,721 6,427,382
2017 343,400 6,338,660
2016 335,439 6,249,126
2015 330,815 6,159,103
2014 327,386 6,069,811
2013 323,764 5,982,445
2012 320,716 5,897,008
2011 319,014 5,814,626
2010 318,041 5,737,971
2009 318,499 5,671,236
2008 317,414 5,613,574
2007 311,566 5,559,386
2006 303,782 5,505,148
2005 296,734 5,448,097
2004 292,074 5,388,175
2003 289,521 5,326,436
2002 287,523 5,261,328
2001 284,968 5,187,689
2000 281,205 5,100,868
1999 277,381 5,003,135
1998 274,047 4,900,025
1997 271,128 4,794,412
1996 268,916 4,687,543
1995 267,468 4,579,806
1994 266,021 4,471,417
1993 263,725 4,362,696
1992 261,057 4,253,600
1991 257,797 4,144,364
1990 254,826 4,035,747
1989 252,852 3,927,802
1988 249,740 3,820,546
1987 245,859 3,714,889
1986 243,180 3,611,474
1985 241,405 3,510,671
1984 239,511 3,412,936
1983 236,977 3,318,068
1982 233,860 3,226,189
1981 230,755 3,137,604
1980 228,138 3,053,235
1979 225,735 2,973,968
1978 223,537 2,899,269
1977 221,799 2,827,874
1976 220,154 2,758,836
1975 217,979 2,691,648
1974 215,209 2,625,621
1973 212,317 2,561,102
1972 209,137 2,499,881
1971 206,098 2,442,537
1970 204,438 2,388,028
1969 203,369 2,334,992
1968 201,488 2,282,391
1967 198,751 2,229,994
1966 195,570 2,177,584
1965 192,286 2,125,177
1964 188,983 2,073,119
1963 185,653 2,021,909
1962 182,378 1,973,130
1961 179,029 1,927,394
1960 175,574 1,883,514

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

GeoRank.org/facts/iceland/paraguay | CC BY

Fertility rates in Iceland and Paraguay

Fertility rate
Iceland

Paraguay
1x
Year Fertility rate
Iceland Paraguay
2023 1.59 2.42
2022 1.59 2.44
2021 1.82 2.47
2020 1.72 2.5
2019 1.74 2.53
2018 1.71 2.56
2017 1.71 2.59
2016 1.74 2.62
2015 1.8 2.65
2014 1.93 2.65
2013 1.93 2.64
2012 2.04 2.66
2011 2.02 2.67
2010 2.2 2.7
2009 2.23 2.76
2008 2.15 2.79
2007 2.09 2.82
2006 2.08 2.89
2005 2.05 2.97
2004 2.04 3.05
2003 1.99 3.12
2002 1.93 3.23
2001 1.95 3.36
2000 2.08 3.51
1999 1.99 3.67
1998 2.05 3.8
1997 2.04 3.91
1996 2.12 4.01
1995 2.08 4.11
1994 2.14 4.2
1993 2.22 4.28
1992 2.21 4.4
1991 2.18 4.48
1990 2.3 4.57
1989 2.19 4.68
1988 2.26 4.77
1987 2.06 4.85
1986 1.92 4.93
1985 1.93 4.97
1984 2.08 5.04
1983 2.24 5.09
1982 2.27 5.13
1981 2.33 5.15
1980 2.48 5.1
1979 2.49 5.06
1978 2.35 5.04
1977 2.31 5.08
1976 2.52 5.12
1975 2.65 5.18
1974 2.66 5.27
1973 2.94 5.35
1972 3.09 5.46
1971 2.92 5.59
1970 2.81 5.72
1969 2.99 5.84
1968 3.06 5.97
1967 3.28 6.1
1966 3.59 6.23
1965 3.73 6.35
1964 3.88 6.42
1963 3.99 6.45
1962 3.98 6.47
1961 3.88 6.49
1960 4.29 6.5

Data sources: World Bank | Health (1960–2023, retrieved 2026-04-06).

GeoRank.org/facts/iceland/paraguay | CC BY

Iceland and Paraguay demographics compared

Median age
Iceland

Paraguay
1x
Year Median age, years
Iceland Paraguay
2024 37.1 27.7
2023 36.9 27.4
2022 36.7 27.1
2021 36.7 26.8
2020 36.6 26.6
2019 36.5 26.2
2018 36.4 25.9
2017 36.3 25.6
2016 36.2 25.3
2015 36 24.9
2014 35.7 24.6
2013 35.5 24.3
2012 35.4 23.9
2011 35.1 23.6
2010 34.9 23.2
2009 34.6 22.9
2008 34.5 22.5
2007 34.6 22.2
2006 34.5 21.8
2005 34.2 21.5
2004 34 21.1
2003 33.7 20.8
2002 33.4 20.5
2001 33 20.3
2000 32.8 20.1
1999 32.6 19.9
1998 32.4 19.7
1997 32.1 19.6
1996 31.8 19.5
1995 31.5 19.4
1994 31.1 19.4
1993 30.8 19.3
1992 30.5 19.3
1991 30.2 19.3
1990 30 19.2
1989 29.6 19.2
1988 29.3 19.2
1987 29.1 19.1
1986 28.8 19.1
1985 28.4 19
1984 28 19
1983 27.7 18.9
1982 27.5 18.9
1981 27.2 18.8
1980 26.9 18.7
1979 26.7 18.6
1978 26.4 18.4
1977 26 18.2
1976 25.7 18
1975 25.4 17.9
1974 25.1 17.7
1973 24.9 17.5
1972 24.8 17.4
1971 24.7 17.3
1970 24.5 17.2
1969 24.3 17.1
1968 24.2 17
1967 24.1 17
1966 24.1 16.9
1965 24.2 16.9
1964 24.4 16.9
1963 24.7 16.9
1962 24.9 16.9
1961 25.2 16.8
1960 25.4 16.8

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

GeoRank.org/facts/iceland/paraguay | CC BY

Interactive Maps

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National statistics comparison

Finance

Iceland Paraguay
GNI, Atlas method
$31.8B
2024
$43.7B
2024
Government expenditure, % of GDP
46.5%
2024
21%
2024
Education expenditure, % of GDP
7.29%
2022
3.41%
2023
Military expenditure, % of GDP n/a
0.93%
2024
Armed forces personnel
0
2020
29,000
2020
Deficit/surplus, % of GDP
-3.51%
2024
-2.12%
2024
Unemployment rate
3.56%
2024
5.69%
2024
Services, % of GDP
64.9%
2024
48.7%
2024
Industry, % of GDP
20.1%
2024
32.5%
2024
Economic freedom index
75
2026
66.4
2026
Income share by richest 10%
22.4%
2019
35%
2024
Income share by poorest 10%
3.7%
2019
2%
2024
Number of billionaires
1
2025
n/a
Percentage of billionaires
0.0003%
2025
n/a
Listed domestic companies
34
2004
55
1999
Market capitalization of domestic companies n/a
$313M
1999
Total reserves including gold
$6.4B
2024
$9.89B
2023
Personal remittances received
$246M
2024
$1.14B
2024
International tourist arrivals
488,000
2020
1,077,000
2020
International tourism as share of exports
11.9%
2008
0.84%
2020
Banked people share
99.9%
2024
60.9%
2024

Energy

Iceland Paraguay
Energy use, kg of oil equivalent per capita
15,686 kg
2023
1,044 kg
2023
GDP PPP per kg equivalent of energy use
$5.2
2023
$16.8
2023
Carbon dioxide (CO2) emissions
3.29 megatons
2024
8.03 megatons
2024
CO2 emissions per capita
8.52 tons
2024
1.16 tons
2024
Fossil fuel energy use share
10.3%
2023
34.8%
2022
Renewable energy use share
82.4%
2021
58.8%
2021
Alternative and nuclear energy use share
88.8%
2023
63.6%
2023
Net energy imports use share
20.5%
2009
-4.69%
2023
Electric power consumption per capita
50,951 kWh
2023
2,389 kWh
2023
Renewable electricity output share
100%
2016
100%
2012
Hydroelectric share
70.3%
2023
99.6%
2023
Nuclear share
0%
2021
0%
2021
Electricity access
100%
2023
99.8%
2023

Society

Iceland Paraguay
% of world population
0.005%
2024
0.09%
2024
Annual migration change
+2,709
2025
-12,423
2025
Urban population
94.2%
2024
69.9%
2024
Male:Female ratio
51.2:48.8
2024
50.1:49.9
2024
Average male height
5.97 ft
2025
5.7 ft
2025
Average female height
5.54 ft
2025
5.24 ft
2025
Quality of life index
93.6
2026
44.1
2026
Corruption Perceptions Index
77
2025
24
2025
Higher education index
79
2026
48
2026
Homicides per 100K people
1.07
2022
6.96
2022
Road traffic mortality per 100K people
2
2019
22
2019
Visa free countries
168
2025
141
2025
Adult literacy rate
99%
2003
94.9%
2024
English speaking
98%
2023
1%
2025
People using the Internet
99.8%
2023
81.6%
2024

Health

Iceland Paraguay
Government health expenditure per capita
$7,642
2024
$527
2023
Out-of-pocket health expenditure per capita
$1,137
2024
$191.2
2023
Life expectancy
83.3 years
2026
74.2 years
2026
Foreign aid share of health expenditure
0%
2023
0.03%
2023
Physicians per 1,000 people
4.37
2023
3.89
2022
Age at first childbirth
28.8 years
2023
22.9 years
2025
Maternal mortality per 100K births
3
2023
58
2023
Mortality rate before reaching 5 years of age
2.6
2023
17
2023
Obesity rate
21.8%
2022
34%
2022
Diabetes prevalence
6.9%
2024
9.4%
2024
Air quality index
98
2026
55
2026
Tobacco use prevalence
9.4%
2022
10.7%
2022
Pure alcohol consumption per capita
7.94 liters
2020
5.62 liters
2020

Territory

Iceland Paraguay
% of world land
0.07%
2026
0.27%
2026
Land area per capita
100,725 sq mi
2024
22,066 sq mi
2024
Agricultural land area
6,324 sq mi
2026
82,730 sq mi
2026
Forest area
205.8 sq mi
2026
58,936 sq mi
2026
Roads length
8,014 mi
2012
10,333 mi
2023

In-depth comparisons

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Data sources:

  1. World Bank | Health (1960–2025, retrieved 2026-04-06)
  2. United Nations | World Population Prospects (1950–2026, retrieved 2026-03-10)
  3. U.S. Census Bureau (1960–2025, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (2000–2025, retrieved 2026-02-20)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. World Obesity Federation (2022, retrieved 2026-02-08)
  8. Passport Index (2025, retrieved 2026-02-08)
  9. Transparency International (2025, retrieved 2026-02-10)
  10. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  11. EduRank (2026, retrieved 2025-10-13)
  12. United Nations Economic Commission for Europe (UNECE) (2023, retrieved 2026-03-10)

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