Preheat your oven to 425°F with a rack set to the lower third position.
In a small bowl, mix together the paprika, dried thyme, garlic powder, onion powder, salt, and pepper.
Remove giblets from the chicken cavity (if present) and pat the chicken thoroughly dry with paper towels.
Tuck the wing tips behind the chicken's back.
Rub the chicken all over with olive oil, then massage the spice mixture onto the skin and inside the cavity.
Using kitchen twine, tie the chicken legs together securely (truss) for even cooking and a tidy shape.
Place the chicken breast-side up on a rack in a roasting pan or ovenproof skillet.
Roast in the preheated oven for about 70–80 minutes, or until a thermometer inserted into the thickest part of the thigh reads 165°F and the juices run clear. For extra crisp skin, baste once or twice with pan juices during roasting (optional).
Remove the chicken from the oven and let it rest, loosely tented with foil, for 10 minutes before carving and serving warm.