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Indicators of economy in Paraguay

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Paraguay reached 5.001 US dollars per inhabitant, or 35.67 bn US Dollar in the whole country. Paraguay is therefore currently ranked 94 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Paraguay is in the list of the world's richest countries in place 97.

Inflation in Paraguay was in 2021 at around 4.79%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 61.4% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Paraguay

Impact of the Covid-19 pandemic in 2020

The consequences of the Covid pandemic were not insignificant in Paraguay 2020. Overall, gross domestic product in 2020 fell from 37.91 billion US Dollar auf 35.67 billion US Dollar. With a drop of 5.9 percent, the economy in Paraguay suffered more significant losses than other countries.. The tourism sector alone slumped by around 75 percent. The unemployment rate rose from 6.6 to 7.6 percent. The inflation rate has fallen from 2.8 percent previously to 1.8 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Paraguay
Total
Paraguay
per capita
EU
Total
EU
per capita
GDP35.67 bn USD5,001.07 USD15,291.93 tn USD29,692.11 USD
Gross national product36.97 bn USD5,183.24 USD15,330.84 tn USD29,767.66 USD


Development of the Gross domestic product in billion US Dollar 1970 - 2020



Im- and Exports 2020

 Paraguay
Total
Paraguay
per capita
EU
Total
EU
per capita
Imports10.53 bn USD1,476.61 USD7,340.01 bn USD14,251.98 USD
Exports11.80 bn USD1,654.34 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 1975 - 2020

Exports
Imports



Paraguay: AirportsLargest airports and airlines in ParaguayThe 2 biggest airports and Paraguaya in Paraguay with further information and data (Silvio Pettirossi Int'l. and Guarani Int'l.)
Pariah StatesList of the 11 current Pariah States11 countries, which suffer from the sanctions of the international community because of their mostly autocratic government.
Infected and deaths by the corona virus (COVID 19)Spread of the Corona virus Covid19 (SARS-CoV-2)Worldwide development of the number of cases and deaths due to the corona virus.