Iceland vs Paraguay: External balance on goods and services
Iceland
-2.3%
in 2025
Paraguay
-2.1%
in 2025
Iceland rank
95th
Paraguay rank
94th
External balance on goods and services 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 193 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, 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 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?
- Iceland ranks 95th and Paraguay ranks 94th of 193 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as External balance on goods and services (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.