Latvia vs Paraguay: GDP
GDP over time
- Latvia
- Paraguay
How they compare
Paraguay currently reports 49.28 billion current US$ against 48.62 billion current US$ in Latvia, a difference of 659.30 million current US$.
The two have swapped places 2 times across 31 shared years of data; in 1995 it was Paraguay ahead.
Latvia ranks 101st and Paraguay ranks 99th of 214 countries.
Across the 4 decades both report, Latvia averaged higher in 1 and Paraguay in 3.
Head to head by decade
| Decade | Latvia | Paraguay | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 6.41 billion current US$ | 9.38 billion current US$ | 2.97 billion current US$ | Paraguay |
| 2000s | 17.63 billion current US$ | 13.09 billion current US$ | 4.54 billion current US$ | Latvia |
| 2010s | 28.58 billion current US$ | 36.26 billion current US$ | 7.68 billion current US$ | Paraguay |
| 2020s | 40.83 billion current US$ | 42.39 billion current US$ | 1.57 billion current US$ | Paraguay |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp, Latvia or Paraguay?
- Paraguay, at 49.28 billion current US$ against 48.62 billion current US$ in Latvia as of 2025.
- What is the difference in gdp between Latvia and Paraguay?
- 659.30 million current US$, with Paraguay ahead.
- How many years of comparable data are there for Latvia and Paraguay?
- 31 years are reported by both, from 1995 to 2025.
- How do Latvia and Paraguay rank globally for gdp?
- Latvia ranks 101st and Paraguay ranks 99th of 214 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as GDP (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.