New Zealand is about 1.5 times smaller than Paraguay.

Paraguay is approximately 406,752 sq km, while New Zealand is approximately 268,838 sq km, making New Zealand 66.09% the size of Paraguay. Meanwhile, the population of Paraguay is ~7.4 million people (2.3 million fewer people live in New Zealand).
This to-scale comparison of Paraguay vs. New Zealand uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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