What is the difference in gross domestic product (gdp) between Latvia and Paraguay?

246.50 million current GBP, with Latvia ahead.

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

20 years are reported by both, from 1995 to 2014.

Where does this data come from?

Fouquin and Hugot (2016) – processed by Our World in Data, published as Gross domestic product (GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Latvia vs Paraguay: Gross domestic product (GDP)

Latvia

19.01 billion current GBP

in 2014

Paraguay

18.77 billion current GBP

in 2014

Latvia rank

101st

Paraguay rank

102nd

Gross domestic product (GDP) over time

Latvia
Paraguay

How they compare

Latvia currently reports 19.01 billion current GBP against 18.77 billion current GBP in Paraguay, a difference of 246.50 million current GBP.

The two have swapped places 1 time across 20 shared years of data; in 1995 it was Paraguay ahead.

Latvia ranks 101st and Paraguay ranks 102nd of 200 countries.

Across the 3 decades both report, Latvia averaged higher in 2 and Paraguay in 1.

Head to head by decade

Decade	Latvia	Paraguay	Difference	Ahead
1990s	4.09 billion current GBP	5.75 billion current GBP	1.66 billion current GBP	Paraguay
2000s	10.49 billion current GBP	6.12 billion current GBP	4.37 billion current GBP	Latvia
2010s	17.83 billion current GBP	16.30 billion current GBP	1.54 billion current GBP	Latvia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher gross domestic product (gdp), Latvia or Paraguay?: Latvia, at 19.01 billion current GBP against 18.77 billion current GBP in Paraguay as of 2014.
What is the difference in gross domestic product (gdp) between Latvia and Paraguay?: 246.50 million current GBP, with Latvia ahead.
How many years of comparable data are there for Latvia and Paraguay?: 20 years are reported by both, from 1995 to 2014.
How do Latvia and Paraguay rank globally for gross domestic product (gdp)?: Latvia ranks 101st and Paraguay ranks 102nd of 200 countries.
Where does this data come from?: Fouquin and Hugot (2016) – processed by Our World in Data, published as Gross domestic product (GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Latvia vs Paraguay: Gross domestic product (GDP). Statizoid, drawing on Fouquin and Hugot (2016) – processed by Our World in Data. Retrieved 07 September 2026, from https://economy.statizoid.com/compare/national-gdp-fouquin-current-gbp/latvia/paraguay/

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About this data

Indicator: Gross domestic product (GDP)
Unit: current GBP
Source: Fouquin and Hugot (2016) – processed by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 200 places, 13,609 data points, 1827–2014
Last refreshed: 28 August 2026

This data is expressed in British pounds. It is not adjusted for inflation or differences in living costs between countries.