Paraguay ranked 98/197 by economy size with a GDP of $44.5B and 109/197 by GDP per capita at $6,416. Paraguay has $19.9B in government debt, with a debt-to-GDP ratio of 44.8%.
In 2024, Paraguay made up 0.04% of the world's economy, compared to 0.02% in 1960.
Paraguay GDP & GDP growth by year
| Year | GDP | GDP growth |
|---|---|---|
| 2024 | $44,458,118,397 | 4.25% |
| 2023 | $43,118,053,175 | 5% |
| 2022 | $41,952,910,858 | 0.18% |
| 2021 | $39,950,899,939 | 4.02% |
| 2020 | $35,432,178,068 | -0.82% |
| 2019 | $37,925,338,329 | -0.4% |
| 2018 | $40,225,448,341 | 3.2% |
| 2017 | $38,997,129,474 | 4.81% |
| 2016 | $36,089,700,223 | 4.27% |
| 2015 | $36,211,447,840 | 2.96% |
| 2014 | $40,377,929,296 | 5.3% |
| 2013 | $38,501,122,141 | 8.29% |
| 2012 | $33,271,921,136 | -0.71% |
| 2011 | $33,756,238,766 | 4.29% |
| 2010 | $27,260,886,405 | 11.1% |
| 2009 | $22,355,151,162 | -0.26% |
| 2008 | $24,615,267,664 | 6.5% |
| 2007 | $17,856,393,235 | 5.42% |
| 2006 | $13,429,430,050 | 4.81% |
| 2005 | $10,737,500,188 | 2.13% |
| 2004 | $9,624,440,836 | 4.06% |
| 2003 | $7,691,367,471 | 4.32% |
| 2002 | $7,196,260,657 | -0.02% |
| 2001 | $8,495,806,432 | -0.83% |
| 2000 | $8,855,705,140 | -2.31% |
| 1999 | $8,837,070,236 | -1.37% |
| 1998 | $9,260,481,572 | 0.07% |
| 1997 | $9,965,225,678 | 4.24% |
| 1996 | $9,788,391,781 | 1.57% |
| 1995 | $9,062,131,475 | 6.82% |
| 1994 | $7,870,982,005 | 5.32% |
| 1993 | $7,249,533,620 | 4.94% |
| 1992 | $7,157,424,031 | 1.7% |
| 1991 | $6,984,367,763 | 3.49% |
| 1990 | $5,812,114,523 | 4.12% |
| 1989 | $4,757,732,200 | 6.94% |
| 1988 | $4,255,683,528 | 5.92% |
| 1987 | $3,971,044,724 | 7.58% |
| 1986 | $3,723,993,943 | 4.96% |
| 1985 | $3,282,449,236 | 4.52% |
| 1984 | $4,502,462,807 | 2.82% |
| 1983 | $5,673,248,726 | -3.04% |
| 1982 | $5,419,411,765 | -1.4% |
| 1981 | $5,624,515,873 | 9.17% |
| 1980 | $4,448,087,302 | 11.7% |
| 1979 | $3,416,777,778 | 11.9% |
| 1978 | $2,559,857,143 | 12% |
| 1977 | $2,092,158,730 | 11.5% |
| 1976 | $1,698,960,317 | 7.53% |
| 1975 | $1,511,420,635 | 6.85% |
| 1974 | $1,333,475,397 | 8.38% |
| 1973 | $995,531,746 | 7.3% |
| 1972 | $769,039,683 | 6.63% |
| 1971 | $664,571,429 | 5.54% |
| 1970 | $594,611,111 | 5.55% |
| 1969 | $556,293,651 | 4.7% |
| 1968 | $517,650,794 | 4.53% |
| 1967 | $492,674,603 | 9.15% |
| 1966 | $465,888,889 | 1.99% |
| 1965 | $443,587,302 | 6.17% |
| 1964 | $408,349,206 | 4.21% |
| 1963 | $383,904,762 | 4.71% |
| 1962 | $360,698,413 | 3.3% |
| 1961 | $322,053,713 | 6.9% |
| 1960 | $288,884,368 | - |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/paraguay | CC BY 
Paraguay GDP per capita by year
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 2024 | $6,416 | $18,524 |
| 2023 | $6,300 | $17,564 |
| 2022 | $6,206 | $16,347 |
| 2021 | $5,977 | $15,406 |
| 2020 | $5,365 | $14,309 |
| 2019 | $5,821 | $14,150 |
| 2018 | $6,258 | $14,139 |
| 2017 | $6,152 | $13,977 |
| 2016 | $5,775 | $13,329 |
| 2015 | $5,879 | $12,679 |
| 2014 | $6,652 | $12,607 |
| 2013 | $6,436 | $12,137 |
| 2012 | $5,642 | $10,954 |
| 2011 | $5,805 | $11,442 |
| 2010 | $4,751 | $10,893 |
| 2009 | $3,942 | $9,802 |
| 2008 | $4,385 | $9,867 |
| 2007 | $3,212 | $9,179 |
| 2006 | $2,439 | $8,561 |
| 2005 | $1,971 | $8,007 |
| 2004 | $1,786 | $7,686 |
| 2003 | $1,444 | $7,276 |
| 2002 | $1,368 | $6,924 |
| 2001 | $1,638 | $6,916 |
| 2000 | $1,736 | $6,937 |
| 1999 | $1,766 | $7,080 |
| 1998 | $1,890 | $7,227 |
| 1997 | $2,079 | $7,299 |
| 1996 | $2,088 | $7,040 |
| 1995 | $1,979 | $6,966 |
| 1994 | $1,760 | $6,542 |
| 1993 | $1,662 | $6,234 |
| 1992 | $1,683 | $5,952 |
| 1991 | $1,685 | $5,873 |
| 1990 | $1,440 | $5,637 |
| 1989 | $1,211 | - |
| 1988 | $1,114 | - |
| 1987 | $1,069 | - |
| 1986 | $1,031 | - |
| 1985 | $935 | - |
| 1984 | $1,319 | - |
| 1983 | $1,710 | - |
| 1982 | $1,680 | - |
| 1981 | $1,793 | - |
| 1980 | $1,457 | - |
| 1979 | $1,149 | - |
| 1978 | $883 | - |
| 1977 | $740 | - |
| 1976 | $616 | - |
| 1975 | $562 | - |
| 1974 | $508 | - |
| 1973 | $389 | - |
| 1972 | $308 | - |
| 1971 | $272.1 | - |
| 1970 | $249 | - |
| 1969 | $238.2 | - |
| 1968 | $226.8 | - |
| 1967 | $220.9 | - |
| 1966 | $213.9 | - |
| 1965 | $208.7 | - |
| 1964 | $197 | - |
| 1963 | $189.9 | - |
| 1962 | $182.8 | - |
| 1961 | $167.1 | - |
| 1960 | $153.4 | - |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/paraguay | CC BY
Paraguay has a GDP per capita of $6,416, ranking 109/197, a GDP per capita based on purchasing power parity (PPP) of $18,524, ranking 102/197, and a median annual after tax income of $6,136, ranking 103/197.
Paraguay GDP rankings by year
| Year | Rank | ||
|---|---|---|---|
| GDP | GDP per capita | GDP per capita, PPP | |
| 2024 | 97 | 103 | 95 |
| 2023 | 95 | 103 | 98 |
| 2022 | 96 | 103 | 99 |
| 2021 | 95 | 98 | 97 |
| 2020 | 96 | 100 | 95 |
| 2019 | 96 | 104 | 96 |
| 2018 | 94 | 97 | 96 |
| 2017 | 94 | 95 | 91 |
| 2016 | 94 | 95 | 93 |
| 2015 | 94 | 95 | 94 |
| 2014 | 93 | 96 | 93 |
| 2013 | 93 | 97 | 93 |
| 2012 | 94 | 104 | 95 |
| 2011 | 91 | 98 | 93 |
| 2010 | 94 | 101 | 93 |
| 2009 | 100 | 107 | 98 |
| 2008 | 98 | 102 | 99 |
| 2007 | 101 | 109 | 100 |
| 2006 | 103 | 115 | 100 |
| 2005 | 106 | 116 | 97 |
| 2004 | 104 | 115 | 95 |
| 2003 | 107 | 116 | 94 |
| 2002 | 104 | 113 | 95 |
| 2001 | 96 | 104 | 90 |
| 2000 | 96 | 98 | 86 |
| 1999 | 92 | 95 | 79 |
| 1998 | 90 | 92 | 76 |
| 1997 | 89 | 93 | 70 |
| 1996 | 84 | 93 | 70 |
| 1995 | 86 | 93 | 67 |
| 1994 | 83 | 89 | 67 |
| 1993 | 86 | 87 | 70 |
| 1992 | 88 | 84 | 71 |
| 1991 | 90 | 86 | 74 |
| 1990 | 97 | 96 | 75 |
| 1989 | 88 | 89 | - |
| 1988 | 93 | 91 | - |
| 1987 | 91 | 90 | - |
| 1986 | 89 | 89 | - |
| 1985 | 91 | 89 | - |
| 1984 | 80 | 79 | - |
| 1983 | 76 | 69 | - |
| 1982 | 78 | 72 | - |
| 1981 | 76 | 72 | - |
| 1980 | 82 | 75 | - |
| 1979 | 82 | 73 | - |
| 1978 | 87 | 80 | - |
| 1977 | 90 | 82 | - |
| 1976 | 90 | 83 | - |
| 1975 | 89 | 87 | - |
| 1974 | 90 | 89 | - |
| 1973 | 87 | 92 | - |
| 1972 | 89 | 95 | - |
| 1971 | 90 | 96 | - |
| 1970 | 89 | 95 | - |
| 1969 | 86 | 81 | - |
| 1968 | 86 | 78 | - |
| 1967 | 85 | 76 | - |
| 1966 | 84 | 77 | - |
| 1965 | 84 | 77 | - |
| 1964 | 83 | 72 | - |
| 1963 | 82 | 70 | - |
| 1962 | 82 | 70 | - |
| 1961 | 83 | 71 | - |
| 1960 | 82 | 74 | - |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/paraguay | CC BY
Compared with 2000, in 2024 Paraguay is ranked 97th out of 182 by GDP (down from 96th), 103rd by GDP per capita (down from 98th), and 95th by GDP per capita PPP (down from 86th).
Economic indicators
Paraguay
|
Rank | |
|---|---|---|
| Gross domestic product |
$44.5B
2024 |
98/197 |
| GDP growth |
4.25%
2023-2024 |
53/194 |
| GDP per capita |
$6,416
2024 |
109/197 |
| GDP per capita, PPP |
$18,524
2024 |
102/197 |
| Government debt |
$19.9B
2024 |
100/185 |
| Debt-to-GDP ratio |
44.8%
2024 |
120/185 |
| Government debt per person |
$2,872
2024 |
103/185 |
| Average annual personal income after taxes |
$6,136
2026 |
103/197 |
| Listed domestic companies |
55
1999 |
68/103 |
| Market capitalization of domestic companies |
$313M
1999 |
97/100 |
| Income share by richest 10% |
35%
2024 |
16/169 |
| Income share by poorest 10% |
2%
2024 |
139/169 |
| Government expenditure, % of GDP |
21%
2024 |
145/195 |
| Consumer prices inflation |
3.84%
2023-2024 |
75/195 |
| Central bank interest rate |
6%
2024 |
51/106 |
| Unemployment rate |
5.69%
2024 |
87/196 |
| Population |
7120169
|
107/197 |
Government spending, deficit, and debt by year
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 2024 | 21% | 44.8% | -2.12% |
| 2023 | 21.5% | 41.1% | -3.81% |
| 2022 | 20.2% | 40.5% | -2.64% |
| 2021 | 20.4% | 37.5% | -3.39% |
| 2020 | 22.6% | 36.9% | -5.72% |
| 2019 | 20.1% | 25.8% | -2.44% |
| 2018 | 18.5% | 22.3% | -1.01% |
| 2017 | 18.1% | 19.8% | -0.44% |
| 2016 | 17.7% | 19.4% | -0.37% |
| 2015 | 18% | 18.6% | -0.44% |
| 2014 | 17.1% | 15.6% | -0.27% |
| 2013 | 17.1% | 13.5% | -1.16% |
| 2012 | 17.6% | 12.3% | -0.58% |
| 2011 | 14.7% | 11.1% | 1.29% |
| 2010 | 13.3% | 13% | 1.54% |
| 2009 | 14.3% | 14.9% | 0.59% |
| 2008 | 11.8% | 16% | 2.29% |
| 2007 | 13.1% | 16.8% | 1.27% |
| 2006 | 14.1% | 21% | 0.91% |
| 2005 | 14% | 28.3% | 0.74% |
| 2004 | 14% | 36% | 1.33% |
| 2003 | 14.6% | 37.5% | -0.07% |
| 2002 | 17.6% | 50.5% | -1.89% |
| 2001 | 19% | 37.1% | 0.07% |
| 2000 | 19.6% | 33.6% | -0.55% |
| 1999 | 19.2% | 32% | 2.67% |
| 1998 | 18% | 22.1% | 4.28% |
| 1997 | 18.1% | 18% | 3% |
| 1996 | 16.9% | 16.8% | 2.43% |
| 1995 | 15.7% | 17.6% | 2.78% |
| 1994 | 14.5% | 18.7% | 4.59% |
| 1993 | 12.9% | 26.6% | 4.27% |
| 1992 | 13% | 34.4% | 3.1% |
| 1991 | 11.4% | 49.4% | 3.41% |
| 1990 | 10.5% | 67% | 7.56% |
| 1989 | 11.8% | 52.9% | 5.48% |
| 1988 | 9.75% | 58.9% | 3.01% |
| 1987 | 10.1% | 68.7% | 2.68% |
| 1986 | 9.25% | 57.1% | 3.08% |
| 1985 | 11.4% | 54.7% | 0.85% |
| 1984 | 13% | 31% | -0.42% |
| 1983 | 13% | 22.6% | 0.27% |
| 1982 | 13.2% | 21.3% | 1.52% |
| 1981 | 13.3% | 17.4% | 0.15% |
| 1980 | 11.6% | 17.4% | 3.4% |
| 1979 | 11.7% | 19.7% | 4.13% |
| 1978 | 11.9% | 20.9% | -3.42% |
| 1977 | 11.2% | 18.8% | -0.19% |
| 1976 | 9.8% | 14.1% | -0.06% |
| 1975 | 10.5% | 12.6% | -1.24% |
| 1974 | 9.44% | 12.5% | 1.67% |
| 1973 | 11.2% | 15.4% | -0.91% |
| 1972 | 12.5% | 18.2% | -2.51% |
| 1971 | 12.3% | 18.9% | -1.25% |
| 1970 | 13.3% | 19.2% | -1.26% |
| 1969 | 14% | - | -1.62% |
| 1968 | 13.5% | - | -2.34% |
| 1967 | 12.2% | - | -1.7% |
Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-02-20).
GeoRank.org/economy/paraguay | CC BY
This chart shows Paraguay's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 50 years, Paraguay recorded a fiscal deficit in 21 of them, with an average annual surplus equal to 0.81% of GDP. In 2024, government spending reached $9.33B (21% of GDP), with a deficit of 2.12%.
The national debt reached $19.9B, ranking 100th out of 185 countries by total size, with a debt-to-GDP ratio of 44.8%, ranking 120th.
Inflation rate by year
| Year | Inflation |
|---|---|
| 2024 | 3.84% |
| 2023 | 4.63% |
| 2022 | 9.77% |
| 2021 | 4.79% |
| 2020 | 1.77% |
| 2019 | 2.76% |
| 2018 | 3.98% |
| 2017 | 3.6% |
| 2016 | 4.09% |
| 2015 | 3.13% |
| 2014 | 5.03% |
| 2013 | 2.68% |
| 2012 | 3.68% |
| 2011 | 8.25% |
| 2010 | 4.65% |
| 2009 | 2.59% |
| 2008 | 10.2% |
| 2007 | 8.13% |
| 2006 | 9.59% |
| 2005 | 6.81% |
| 2004 | 4.32% |
| 2003 | 14.2% |
| 2002 | 10.5% |
| 2001 | 7.27% |
| 2000 | 8.98% |
| 1999 | 6.75% |
| 1998 | 11.6% |
| 1997 | 6.95% |
| 1996 | 9.8% |
| 1995 | 13.4% |
| 1994 | 20.6% |
| 1993 | 18.2% |
| 1992 | 15.2% |
| 1991 | 24.2% |
| 1990 | 37.3% |
| 1989 | 26.4% |
| 1988 | 22.6% |
| 1987 | 21.8% |
| 1986 | 31.7% |
| 1985 | 25.2% |
| 1984 | 20.3% |
| 1983 | 13.4% |
| 1982 | 5.12% |
| 1981 | 13% |
| 1980 | 22.4% |
| 1979 | 28.2% |
| 1978 | 10.7% |
| 1977 | 9.36% |
| 1976 | 4.47% |
| 1975 | 6.69% |
| 1974 | 25.2% |
| 1973 | 12.8% |
| 1972 | 9.18% |
| 1971 | 4.95% |
| 1970 | -0.86% |
| 1969 | 2.25% |
| 1968 | 0.71% |
| 1967 | 1.37% |
| 1966 | 2.87% |
| 1965 | 3.86% |
| 1964 | 1.37% |
| 1963 | 2.1% |
| 1962 | 1.42% |
| 1961 | 18.5% |
| 1960 | 8.18% |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/paraguay | CC BY
Over the past 20 years, Paraguay has had an average annual inflation rate of 5.2%. In 2024, inflation was 3.84%. The bar chart above shows consumer price inflation by year.
Balance of trade
|
Paraguay
|
Rank | |
|---|---|---|
|
Current account balance
|
-$1.53B
2024 |
133/190 |
| Current account balance, % of GDP |
-3.44%
2024 |
123/190 |
| Goods imports |
$15.8B
2024 |
88/189 |
| Goods exports |
$14.9B
2024 |
84/189 |
| Service imports |
$2.54B
2024 |
110/189 |
| Service exports |
$2.65B
2024 |
107/189 |
| Imports of goods and services, % of GDP |
39.6%
2024 |
100/181 |
| Exports of goods and services, % of GDP |
37.2%
2024 |
88/193 |
Paraguay top 10 trading partners
Paraguay's biggest trading partner accounting for 28% of all exports and imports is Brazil, with a trade balance between the two of -$506M: Paraguay exports $3.48B worth of goods and services to Brazil and imports $3.99B.
Below is the list of the top 10 trade partners of Paraguay.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
Brazil
|
$7.47B | 28% | $3.48B | $3.99B | Raw agricultural goods | Machinery & equipment |
| 2 |
Argentina
|
$6.55B | 24.6% | $3.35B | $3.2B | Raw agricultural goods | Raw materials & minerals |
| 3 |
China
|
$3.03B | 11.4% | $24.9M | $3B | Metals | Machinery & equipment |
| 4 |
United States
|
$2.55B | 9.55% | $412M | $2.13B | Animal & marine products | Machinery & equipment |
| 5 |
Chile
|
$1.41B | 5.28% | $926M | $481M | Animal & marine products | Machinery & equipment |
| 6 |
Uruguay
|
$599M | 2.25% | $164M | $435M | Processed food, beverages & tobacco | Chemicals & pharma |
| 7 |
Germany
|
$373M | 1.4% | $57.5M | $315M | Raw agricultural goods | Machinery & equipment |
| 8 |
India
|
$354M | 1.33% | $98.5M | $256M | Processed food, beverages & tobacco | Chemicals & pharma |
| 9 |
Netherlands
|
$264M | 0.99% | $167M | $97.5M | Processed food, beverages & tobacco | Machinery & equipment |
| 10 |
Spain
|
$219M | 0.82% | $42.3M | $176M | Processed food, beverages & tobacco | Chemicals & pharma |
Top 10 exports
|
Paraguay
|
Rank | |
|---|---|---|
| Raw agricultural goods | $4.39B | 31/193 |
| Animal & marine products | $2.01B | 39/192 |
| Processed food, beverages & tobacco | $1.44B | 69/192 |
| Transport & tourism services | $1.3B | 107/188 |
| Raw materials & minerals | $1.16B | 104/193 |
| Manufacturing & construction services | $1.04B | 45/164 |
| Textiles & consumer goods | $431M | 87/193 |
| Machinery & equipment | $410M | 99/193 |
| Chemicals & pharma | $406M | 91/193 |
| Metals | $354M | 99/192 |
Top 10 imports
|
Paraguay
|
Rank | |
|---|---|---|
| Machinery & equipment | $6.82B | 80/193 |
| Raw materials & minerals | $3.55B | 87/193 |
| Chemicals & pharma | $2.66B | 80/193 |
| Transport & tourism services | $1.8B | 106/188 |
| Processed food, beverages & tobacco | $1.03B | 98/193 |
| Textiles & consumer goods | $962M | 101/193 |
| Metals | $815M | 102/193 |
| Manufacturing & construction services | $520M | 39/163 |
| Wood & paper products | $306M | 97/193 |
| Raw agricultural goods | $238M | 137/193 |
Economic freedom indices
|
Paraguay
|
Rank | |
|---|---|---|
| Economic freedom | 66.4 | 61/197 |
| Property rights | 44.2 | 104/182 |
| Government integrity | 27.3 | 135/182 |
| Judicial effectiveness | 38.4 | 107/182 |
| Tax burden | 95.9 | 11/182 |
| Government spending | 86.9 | 37/180 |
| Fiscal health | 83 | 71/181 |
| Business freedom | 72 | 58/182 |
| Labor freedom | 44.1 | 161/182 |
| Monetary freedom | 76.5 | 59/180 |
| Trade freedom | 78.4 | 61/181 |
| Investment freedom | 80 | 18/181 |
| Financial freedom | 70 | 33/181 |
Economic freedom by year
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 2026 | 66.4 | 38.4 | 95.9 | 86.9 | 83 |
| 2025 | 65.2 | 37.3 | 97 | 87.1 | 79.3 |
| 2024 | 60.1 | 37.2 | 96 | 81.6 | 46.4 |
| 2023 | 61 | 30.1 | 96.2 | 81.7 | 45.4 |
| 2022 | 62.9 | 37.9 | 96.1 | 84 | 68.8 |
| 2021 | 62.6 | 26 | 96.2 | 86.7 | 91.6 |
| 2020 | 63 | 26.4 | 96.1 | 88.6 | 98 |
| 2019 | 61.8 | 30 | 96.3 | 78.9 | 96.3 |
| 2018 | 62.1 | 28.2 | 96.1 | 82.2 | 97.1 |
| 2017 | 62.4 | 23.3 | 96.2 | 83 | 95.1 |
| 2016 | 61.5 | - | 96.3 | 83.3 | - |
| 2015 | 61.1 | - | 96 | 81.9 | - |
| 2014 | 62 | - | 96.2 | 89 | - |
| 2013 | 61.1 | - | 95.9 | 85.4 | - |
| 2012 | 61.8 | - | 96.9 | 88.5 | - |
| 2011 | 62.3 | - | 97.6 | 93.4 | - |
| 2010 | 61.3 | - | 96.6 | 91.7 | - |
| 2009 | 61 | - | 96.6 | 90.4 | - |
| 2008 | 60 | - | 96.6 | 90.8 | - |
| 2007 | 58.3 | - | 96.7 | 91.4 | - |
| 2006 | 55.6 | - | 90.1 | 90.8 | - |
| 2005 | 53.4 | - | 90.2 | 86.9 | - |
| 2004 | 56.7 | - | 90 | 87.8 | - |
| 2003 | 58.2 | - | 89.8 | 92.8 | - |
| 2002 | 59.6 | - | 89.8 | 92.3 | - |
| 2001 | 60.3 | - | 89.7 | 90.3 | - |
| 2000 | 64 | - | 89.6 | 89.2 | - |
| 1999 | 63.7 | - | 89.7 | 90.1 | - |
| 1998 | 65.2 | - | 89.5 | 90 | - |
| 1997 | 67.3 | - | 89.9 | 92.2 | - |
| 1996 | 67.1 | - | 90.1 | 92.8 | - |
| 1995 | 65.9 | - | 90.1 | 91.5 | - |
Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).
GeoRank.org/economy/paraguay | CC BY
Paraguay is ranked 55/174 for economic freedom with a score of 66.4, compared to 107/162 and a score of 55.6 in 2006.
Other economic metrics
|
Paraguay
|
Rank | |
|---|---|---|
| Services, % of GDP |
48.7%
2024 |
140/191 |
| Industry, % of GDP |
32.5%
2024 |
46/194 |
| Agriculture, forestry, and fishing, % of GDP |
10.7%
2024 |
67/193 |
|
GNI, Atlas method
|
$43.7B
2024 |
98/194 |
| GNI per capita, PPP |
$17,930
2024 |
99/191 |
| Total reserves including gold |
$9.89B
2023 |
76/177 |
|
Net foreign direct investment
|
-$335M
2024 |
93/189 |
|
Net inflows of foreign direct investment
|
$1.1B
2024 |
92/193 |
|
Net outflows of foreign direct investment
|
$166M
2024 |
78/193 |
|
Servicing debt to the IMF, % of GNI
|
4.58%
2024 |
57/121 |
| Poverty at national poverty lines |
20.1%
2024 |
100/176 |
|
Gross capital formation, % of GDP
|
22.8%
2024 |
91/178 |
Compare Paraguay vs other countries
GDP per capita map
Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).
GeoRank.org/economy/paraguay | CC BY
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Data sources:
- World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
- International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
- The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
- International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-02-20)
- U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
- TradeMap (2022–2024, retrieved 2026-02-08)
- United Nations | World Population Prospects (2026, retrieved 2026-03-10)
- LivingCost (2026, retrieved 2025-10-14)
Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.
The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.
Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.
A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).
Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.
Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.
Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.
Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.