How many years of comparable data are there for Iceland and Paraguay?

56 years are reported by both, from 1970 to 2025.

Where does this data come from?

National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as External balance on goods and services as a percent of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

Iceland vs Paraguay: External balance on goods and services as a percent of GDP

Iceland

-2.3%

in 2025

Paraguay

-2.1%

in 2025

Iceland rank

95th

Paraguay rank

94th

External balance on goods and services as a percent of GDP over time

Iceland
Paraguay

How they compare

Paraguay currently reports -2.1% against -2.3% in Iceland, a difference of 0.2%.

The two have swapped places 13 times across 56 shared years of data; in 1970 it was Iceland ahead.

Iceland ranks 95th and Paraguay ranks 94th of 191 countries.

Across the 6 decades both report, Iceland averaged higher in 2 and Paraguay in 4.

Head to head by decade

Decade	Iceland	Paraguay	Difference	Ahead
1970s	-2.3%	-2.5%	0.2%	Iceland
1980s	-0.1%	0.3%	0.3%	Paraguay
1990s	0.3%	6.5%	6.2%	Paraguay
2000s	-4.6%	9.2%	13.7%	Paraguay
2010s	6.8%	2.9%	3.9%	Iceland
2020s	-0.7%	-0.3%	0.4%	Paraguay

Averages of every year both report within each decade.

Frequently asked questions

Which has higher external balance on goods and services as a percent of gdp, Iceland or Paraguay?: Paraguay, at -2.1% against -2.3% in Iceland as of 2025.
What is the difference in external balance on goods and services as a percent of gdp between Iceland and Paraguay?: 0.2%, with Paraguay ahead.
How many years of comparable data are there for Iceland and Paraguay?: 56 years are reported by both, from 1970 to 2025.
How do Iceland and Paraguay rank globally for external balance on goods and services as a percent of gdp?: Iceland ranks 95th and Paraguay ranks 94th of 191 countries.
Where does this data come from?: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as External balance on goods and services as a percent of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Paraguay: External balance on goods and services as a percent of GDP. Statizoid, drawing on National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Retrieved 15 September 2026, from https://economy.statizoid.com/compare/external-balance-on-goods-and-services-as-a-percent-of-gdp/iceland/paraguay/

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About this data

Indicator: External balance on goods and services as a percent of GDP
Unit: % of GDP
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 191 places, 9,006 data points, 1960–2025
Last refreshed: 28 August 2026

Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.