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Paraguay

Headline economic indicators for Paraguay, with the most recent official readings.

Prices

Prices — Paraguay
Indicator Value Change
Inflation rate · 4.0% +0.20 (+5.3%)
Consumer price index · 190.3 +7.39 (+4.0%)
GDP deflator inflation · 3.1% +0.32 (+11.4%)

GDP

GDP — Paraguay
Indicator Value Change
GDP growth rate · 6.6% +1.97 (+42.3%)
GDP per capita · 7,026.62 +570.01 (+8.8%)
GDP per capita, long-run history · 8,763 -82.89 (-0.9%)
GDP · 49,278,227,554.33 +4,539,408,192 (+10.1%)
GDP, PPP · 141,533,902,646 +12,432,393,386 (+9.6%)
GDP per capita, PPP · 20,181 +1,550 (+8.3%)
GDP per capita growth · 5.4% +1.98 (+58.5%)
GNI per capita · 6,750 +460.00 (+7.3%)
Agriculture to GDP · 11.6% +0.39 (+3.5%)
Industry to GDP · 32.3% +0.00 (+0.0%)
Manufacturing to GDP · 19.4% +0.26 (+1.4%)
Services to GDP · 48.1% -0.34 (-0.7%)
Household consumption to GDP · 66.0% -0.84 (-1.3%)
Gross capital formation to GDP · 25.3% +2.18 (+9.4%)
Gross savings to GDP · 22.2% +2.30 (+11.6%)

Labour

Labour — Paraguay
Indicator Value Change
Unemployment rate · 4.8% -0.88 (-15.5%)
Labour force participation rate · 70.2% -0.02 (-0.0%)
Female labour force participation rate · 59.0% +0.07 (+0.1%)
Youth unemployment rate · 11.7% -1.71 (-12.7%)
Employment to population ratio · 66.9% +0.60 (+0.9%)
Employment in agriculture · 16.0% -0.25 (-1.5%)
Employment in industry · 19.0% +0.05 (+0.2%)
Employment in services · 65.1% +0.20 (+0.3%)

Money

Money — Paraguay
Indicator Value Change
Real interest rate · 3.8% -7.33 (-66.1%)
Broad money to GDP · 52.3% +1.59 (+3.1%)
Private sector credit to GDP · 55.7% -1.33 (-2.3%)
Lending rate · 12.5% -1.03 (-7.6%)
Bank deposit rate · 3.4% +0.06 (+1.7%)
Stock market capitalization to GDP · 3.5% -0.42 (-10.6%)
Bank nonperforming loans · 2.2% -0.06 (-2.5%)
Official exchange rate · 7,545.45 -14.80 (-0.2%)

Trade

Trade — Paraguay
Indicator Value Change
Current account to GDP · -2.5% +0.72 (+22.3%)
Exports to GDP · 37.2% -0.54 (-1.4%)
Imports to GDP · 39.3% -0.08 (-0.2%)
Trade to GDP · 76.5% -0.62 (-0.8%)
Exports of goods and services · 18,320,665,709.97 +1,448,071,785 (+8.6%)
Imports of goods and services · 19,366,371,816.89 +1,747,824,184 (+9.9%)
Trade balance, goods and services (annual) · -761,876,564.2 +635,831 (+0.1%)
Current account balance (annual) · -1,244,481,112.87 +209,686,254 (+14.4%)
Foreign direct investment to GDP · 2.4% -0.06 (-2.4%)
Remittances received to GDP · 3.1% +0.56 (+21.9%)
Total reserves, including gold · 9,567,715,594.06 -317,968,036 (-3.2%)
Reserves in months of imports · 5.6 -0.42 (-7.0%)
External debt to GNI · 69.7% +5.68 (+8.9%)

Government

Government — Paraguay
Indicator Value Change
Government revenue to GDP · 18.7% +1.11 (+6.3%)
Government expense to GDP · 18.9% +2.37 (+14.3%)
Tax revenue to GDP · 11.3% +1.20 (+11.8%)
Government budget balance to GDP · -2.1% +1.68 (+44.0%)
Government consumption to GDP · 10.9% -0.88 (-7.5%)
Education spending to GDP · 3.5% +0.14 (+4.1%)
Health spending to GDP · 8.4% +0.62 (+8.0%)

Demography

Demography — Paraguay
Indicator Value Change
Population · 7,013,078 +83,925 (+1.2%)
Population, long-run history · 7,432 +84.34 (+1.1%)
Population growth · 1.2% -0.03 (-2.5%)
Life expectancy · 74.0 +0.14 (+0.2%)
Fertility rate · 2.42 -0.01 (-0.2%)
Birth rate · 19.7 -0.26 (-1.3%)
Death rate · 5.7 -0.01 (-0.1%)
Urban population share · 70.4% +0.53 (+0.8%)
Population aged 65 and over · 6.7% +0.18 (+2.8%)
Under-five mortality rate · 16.3 -0.60 (-3.6%)
Population density · 17.5 +0.21 (+1.2%)
Net migration · -12,423 +28.00 (+0.2%)
Gini index · 44.2 +0.00 (+0.0%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Paraguay; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.