Latin America & Caribbean · Upper middle income
Paraguay: the economy in numbers
Per person: $7,027, or $20,181 at purchasing power parity. Population: 7.01 million (2025).
GDP in 2025, current US dollars: #98 of 204 economies. IMF forecast for 2026: +4.5%.
GDP
Adjusted for US inflation, in 2025 dollars: $3.15 billion in 1960, $49.3 billion in 2025.
GDP per capita
In 2025 dollars: $1,671 per person in 1960, $7,027 in 2025.
Real GDP growth
Average over 2016–2025: 3.1% a year. Years of falling GDP since 1961: 11 of 65.
Source: International Monetary Fund, World Economic Outlook (October 2026)
Inflation
Consumer prices rose 4.02 times from 2000 to 2025. Highest annual inflation: 37.3% in 1990.
Source: International Monetary Fund, World Economic Outlook (October 2026)
Government debt, % of GDP
Highest since 1990: 67.0% of GDP in 1990. IMF forecast for 2031: 35.9%.
Stock market capitalization, % of GDP
In 1999 listed domestic companies were worth $313 million, or 3.5% of GDP.
Population
1960: 1.88 million · 2025: 7.01 million.
Unemployment rate
1991: 5.1% · 2025: 4.8%.
Life expectancy at birth
1960: 60.2 years · 2024: 74.0 years.
Exports of goods and services
1962: 12.6% · 2025: 37.2%.
Data by year
Show the year-by-year table
| Year | GDP | GDP per capita | Per capita, PPP | Real growth | Inflation | Gov. debt, % GDP | Population | Unemployment | Stock market, % GDP | Life expectancy | Exports, % GDP |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2031 | 3.8%f | 3.5%f | 35.9%f | ||||||||
| 2030 | 3.8%f | 3.5%f | 36.2%f | ||||||||
| 2029 | 3.8%f | 3.5%f | 36.6%f | ||||||||
| 2028 | 3.8%f | 3.5%f | 37.1%f | ||||||||
| 2027 | 4.0%f | 3.3%f | 37.9%f | ||||||||
| 2026 | 4.5%f | 3.1%f | 36.6%f | ||||||||
| 2025 | $49.3B | $7,027 | $20,181 | 6.6% | 4.0% | 38.2% | 7.01M | 4.8% | 37.2% | ||
| 2024 | $44.7B | $6,457 | $18,632 | 4.7% | 3.8% | 44.6% | 6.93M | 5.7% | 74.0 | 37.7% | |
| 2023 | $43.1B | $6,303 | $17,585 | 5.3% | 4.6% | 41.0% | 6.84M | 5.8% | 73.8 | 42.3% | |
| 2022 | $41.8B | $6,189 | $16,306 | −0.0% | 9.8% | 40.6% | 6.76M | 6.8% | 72.3 | 34.4% | |
| 2021 | $39.9B | $5,975 | $15,401 | 4.0% | 4.8% | 37.5% | 6.68M | 7.3% | 68.1 | 35.5% | |
| 2020 | $35.4B | $5,365 | $14,309 | −0.8% | 1.8% | 36.9% | 6.6M | 7.5% | 72.7 | 33.3% | |
| 2019 | $37.9B | $5,821 | $14,150 | −0.4% | 2.8% | 25.8% | 6.52M | 6.6% | 73.7 | 36.1% | |
| 2018 | $40.2B | $6,258 | $14,139 | 3.2% | 4.0% | 22.3% | 6.43M | 6.2% | 73.6 | 36.9% | |
| 2017 | $39B | $6,152 | $13,977 | 4.8% | 3.6% | 19.8% | 6.34M | 6.1% | 73.5 | 38.2% | |
| 2016 | $36.1B | $5,775 | $13,329 | 4.3% | 4.1% | 19.4% | 6.25M | 5.3% | 73.5 | 37.1% | |
| 2015 | $36.2B | $5,879 | $12,679 | 3.0% | 3.1% | 18.6% | 6.16M | 4.6% | 73.5 | 34.7% | |
| 2014 | $40.4B | $6,652 | $12,607 | 5.3% | 5.0% | 15.6% | 6.07M | 5.0% | 73.4 | 35.5% | |
| 2013 | $38.5B | $6,436 | $12,137 | 8.3% | 2.7% | 13.5% | 5.98M | 4.4% | 73.3 | 38.7% | |
| 2012 | $33.3B | $5,642 | $10,954 | −0.7% | 3.7% | 12.3% | 5.9M | 4.1% | 73.1 | 38.0% | |
| 2011 | $33.8B | $5,805 | $11,442 | 4.3% | 8.3% | 11.1% | 5.81M | 4.7% | 72.8 | 40.2% | |
| 2010 | $27.3B | $4,751 | $10,893 | 11.1% | 4.7% | 13.0% | 5.74M | 4.6% | 72.6 | 42.1% | |
| 2009 | $22.4B | $3,942 | $9,802 | −0.3% | 2.6% | 14.9% | 5.67M | 5.5% | 72.3 | 38.1% | |
| 2008 | $24.6B | $4,385 | $9,867 | 6.5% | 10.2% | 16.0% | 5.61M | 4.4% | 72.0 | 42.4% | |
| 2007 | $17.9B | $3,212 | $9,179 | 5.4% | 8.1% | 16.8% | 5.56M | 4.7% | 71.8 | 43.4% | |
| 2006 | $13.4B | $2,439 | $8,561 | 4.8% | 9.6% | 21.0% | 5.51M | 5.3% | 71.6 | 46.3% | |
| 2005 | $10.7B | $1,971 | $8,007 | 2.1% | 6.8% | 28.3% | 5.45M | 4.8% | 71.3 | 47.6% | |
| 2004 | $9.62B | $1,786 | $7,686 | 4.1% | 4.3% | 36.0% | 5.39M | 6.5% | 71.1 | 45.7% | |
| 2003 | $7.69B | $1,444 | $7,276 | 4.3% | 14.2% | 37.5% | 5.33M | 6.8% | 70.8 | 47.1% | |
| 2002 | $7.2B | $1,368 | $6,924 | −0.0% | 10.5% | 50.5% | 5.26M | 9.4% | 70.5 | 47.5% | |
| 2001 | $8.5B | $1,638 | $6,916 | −0.8% | 7.3% | 37.1% | 5.19M | 6.2% | 70.3 | 40.6% | |
| 2000 | $8.86B | $1,736 | $6,937 | −2.3% | 9.0% | 33.6% | 5.1M | 7.6% | 70.0 | 43.3% | |
| 1999 | $8.84B | $1,766 | $7,080 | −1.4% | 6.8% | 32.0% | 5.0M | 5.3% | 3.5% | 69.8 | 42.8% |
| 1998 | $9.26B | $1,890 | $7,227 | 0.1% | 11.6% | 22.1% | 4.9M | 4.4% | 4.0% | 69.5 | 54.6% |
| 1997 | $9.97B | $2,079 | $7,299 | 4.2% | 6.9% | 18.0% | 4.79M | 5.4% | 4.3% | 69.3 | 48.5% |
| 1996 | $9.79B | $2,088 | $7,040 | 1.6% | 9.8% | 16.8% | 4.69M | 8.2% | 4.0% | 69.0 | 52.7% |
| 1995 | $9.06B | $1,979 | $6,966 | 6.8% | 13.4% | 17.6% | 4.58M | 3.4% | 68.8 | 61.8% | |
| 1994 | $7.87B | $1,760 | $6,542 | 5.3% | 20.6% | 18.7% | 4.47M | 4.4% | 68.5 | 60.8% | |
| 1993 | $7.25B | $1,662 | $6,234 | 4.9% | 18.2% | 26.6% | 4.36M | 5.1% | 68.2 | 59.9% | |
| 1992 | $7.16B | $1,683 | $5,952 | 1.7% | 15.2% | 34.4% | 4.25M | 5.0% | 68.0 | 49.8% | |
| 1991 | $6.98B | $1,685 | $5,873 | 3.5% | 24.2% | 49.4% | 4.14M | 5.1% | 67.7 | 50.8% | |
| 1990 | $5.81B | $1,440 | $5,637 | 4.1% | 37.3% | 67.0% | 4.04M | 67.3 | 52.2% | ||
| 1989 | $4.76B | $1,211 | 6.9% | 26.4% | 3.93M | 66.9 | 51.9% | ||||
| 1988 | $4.26B | $1,114 | 5.9% | 22.6% | 3.82M | 66.7 | 48.4% | ||||
| 1987 | $3.97B | $1,069 | 7.6% | 21.8% | 3.71M | 66.5 | 36.4% | ||||
| 1986 | $3.72B | $1,031 | 5.0% | 31.7% | 3.61M | 66.2 | 34.3% | ||||
| 1985 | $3.28B | $935 | 4.5% | 25.2% | 3.51M | 65.9 | 27.1% | ||||
| 1984 | $4.5B | $1,319 | 2.8% | 20.3% | 3.41M | 65.6 | 18.4% | ||||
| 1983 | $5.67B | $1,710 | −3.0% | 13.4% | 3.32M | 65.3 | 9.3% | ||||
| 1982 | $5.42B | $1,680 | −1.4% | 5.1% | 3.23M | 65.1 | 12.1% | ||||
| 1981 | $5.62B | $1,793 | 9.2% | 13.0% | 3.14M | 64.8 | 11.2% | ||||
| 1980 | $4.45B | $1,457 | 11.7% | 22.4% | 3.05M | 64.6 | 13.8% | ||||
| 1979 | $3.42B | $1,149 | 11.9% | 28.2% | 2.97M | 64.3 | 16.1% | ||||
| 1978 | $2.56B | $883 | 12.0% | 10.7% | 2.9M | 64.1 | 18.4% | ||||
| 1977 | $2.09B | $740 | 11.5% | 9.4% | 2.83M | 63.9 | 19.5% | ||||
| 1976 | $1.7B | $616 | 7.5% | 4.5% | 2.76M | 63.7 | 14.7% | ||||
| 1975 | $1.51B | $562 | 6.9% | 6.7% | 2.69M | 63.4 | 13.2% | ||||
| 1974 | $1.33B | $508 | 8.4% | 25.2% | 2.63M | 63.2 | 15.5% | ||||
| 1973 | $996M | $389 | 7.3% | 12.8% | 2.56M | 63.1 | 15.0% | ||||
| 1972 | $769M | $308 | 6.6% | 9.2% | 2.5M | 62.9 | 13.8% | ||||
| 1971 | $665M | $272 | 5.5% | 5.0% | 2.44M | 62.7 | 13.4% | ||||
| 1970 | $595M | $249 | 5.6% | −0.9% | 2.39M | 62.6 | 14.9% | ||||
| 1969 | $556M | $238 | 4.7% | 2.2% | 2.33M | 62.4 | 13.6% | ||||
| 1968 | $518M | $227 | 4.5% | 0.7% | 2.28M | 62.2 | 12.4% | ||||
| 1967 | $493M | $221 | 9.2% | 1.4% | 2.23M | 62.0 | 12.2% | ||||
| 1966 | $466M | $214 | 2.0% | 2.9% | 2.18M | 61.8 | 13.2% | ||||
| 1965 | $444M | $209 | 6.2% | 3.9% | 2.13M | 61.6 | 15.0% | ||||
| 1964 | $408M | $197 | 4.2% | 1.4% | 2.07M | 61.4 | 12.3% | ||||
| 1963 | $384M | $190 | 4.7% | 2.1% | 2.02M | 61.1 | 11.6% | ||||
| 1962 | $361M | $183 | 3.3% | 1.4% | 1.97M | 60.8 | 12.6% | ||||
| 1961 | $322M | $167 | 6.9% | 18.5% | 1.93M | 60.5 | |||||
| 1960 | $289M | $153 | 8.2% | 1.88M | 60.2 |
e: IMF estimate; f: IMF forecast.
Nearby economies in Latin America & Caribbean
Nearest by distance between capitals, with GDP per capita.
Antigua and Barbuda · Argentina · Aruba · Bahamas · Barbados · Belize · Bolivia · Brazil · British Virgin Islands · Cayman Islands · Chile · Colombia · Costa Rica · Cuba · Curaçao · Dominica · Dominican Republic · Ecuador · El Salvador · Grenada · Guatemala · Guyana · Haiti · Honduras · Jamaica · Mexico · Nicaragua · Panama · Paraguay · Peru · Puerto Rico · Saint Kitts and Nevis · Saint Lucia · Saint Martin (French part) · Saint Vincent and the Grenadines · Sint Maarten · Suriname · Trinidad and Tobago · Turks and Caicos Islands · U.S. Virgin Islands · Uruguay · Venezuela
Rankings
GDP by country · GDP per capita · Real GDP growth · Inflation by country · Government debt to GDP · Stock market to GDP · Population by country · Unemployment by country
Data and methods
- GDP: gross domestic product in current US dollars, converted from the local currency at market exchange rates (World Bank); not adjusted for inflation.
- Purchasing power parity (PPP): GDP per person in international dollars, which buy the same basket of goods and services in every country. It compares living standards across countries in the same year; it is not adjusted for inflation over time.
- In 2025 dollars: the charts can remove US inflation (US consumer price index, annual average) so that dollar amounts from different years compare in today's money. Exchange rate swings still show.
- Growth and inflation: World Bank data (calendar years). Years the World Bank does not cover yet, and the estimates and forecasts, come from the IMF World Economic Outlook (October 2026): its forecasts start in 2026, and the years after a country's last actual year are IMF estimates.
- Government debt: gross debt of the general government (central, state and local government and social security funds) as a percentage of GDP, IMF. The World Bank's central government debt is narrower and covers fewer countries.
- Stock market capitalization: the end-of-year value of domestic companies listed on the country's exchanges (World Federation of Exchanges via the World Bank; before 2016, Standard & Poor's), as a percentage of GDP: the “Buffett indicator”. Investment funds are excluded, and so are companies listed only abroad; companies from elsewhere that list on an exchange count for its country (Hong Kong lists many mainland Chinese companies).
- Unemployment: ILO modeled estimates (share of the labor force); comparable across countries, but they may differ from national figures.
Source: World Bank, World Development Indicators (CC BY 4.0)
Source: International Monetary Fund, World Economic Outlook (October 2026)