Worlddata.info

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 2021 was at about 12.259 USD per capita. GDP in Paraguay, on the other hand, reached USD 5.400 per capita, or 38.99 billion USD in the whole country. Paraguay is therefore currently ranked 95 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 94.

Inflation in Paraguay was in 2021 at around 4.79%. Within the EU, the average in the same year was 2.55%. 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

The consequences of the Covid pandemic were not insignificant in Paraguay 2020. Overall, gross domestic product in 2020 fell from 37.93 billion US Dollar auf 35.43 billion US Dollar. With a drop of 6.6 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 2021

 Paraguay
Total
Paraguay
per capita
EU
Total
EU
per capita
GDP38.99 bn USD5,400.10 USD17.09 tn USD33,228.68 USD
Gross national product38.54 bn USD5,338.19 USD16.78 tn USD32,621.03 USD


Development of the Gross domestic product in billion US Dollar 1970 - 2021



Im- and Exports 2021

 Paraguay
Total
Paraguay
per capita
EU
Total
EU
per capita
Imports13.45 bn USD1,863.51 USD8,916.24 bn USD17,337.55 USD
Exports14.15 bn USD1,960.51 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in billions of USD 1975 - 2021

Exports
Imports



Paraguay: AirportsLargest airports and airlines in ParaguayThe 3 biggest airports and Paraguaya in Paraguay with further information and data
Pariah StatesList of the 11 current Pariah States11 countries, which suffer from the sanctions of the international community because of their mostly autocratic government.
Russia: Public HolidaysPublic holidays in Russia 2022-2026Statutory and inofficial holidays in Russia for 2022 to 2026