Finland is about 1.2 times smaller than Paraguay.

Paraguay is approximately 406,752 sq km, while Finland is approximately 338,145 sq km, making Finland 83.13% the size of Paraguay. Meanwhile, the population of Paraguay is ~7.4 million people (1.8 million fewer people live in Finland).
This to-scale comparison of Paraguay vs. Finland uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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