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Macro

Paraguay

Latin America & Caribbean · Upper middle income · IMF WEO April 2026 · World Bank WDI

GDP▲ 10.3%
Current prices2025
49USD bn
GDP per capita▲ 9.6%
Current prices2025
7,692USD
Real GDP growth▲ 1.3 pp
Annual change2025
6.0%
Inflation▲ 0.3 pp
Average consumer prices2025
4.1%
Unemployment▼ 0.6 pp
Rate2025
5.2%
Government debt▼ 6.5 pp
General government, gross2025
38.1% of GDP
Current account▼ 0.1 pp
Balance2025
-3.5% of GDP
Population▲ 0.7%
Total2025
6.42million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-2.30.011.11995: 6.8%1996: 1.6%1997: 4.2%1998: 0.1%1999: -1.4%2000: -2.3%2001: -0.8%2002: -0.0%2003: 4.3%2004: 4.1%2005: 2.1%2006: 4.8%2007: 5.4%2008: 6.5%2009: -0.3%2010: 11.1%2011: 4.3%2012: -0.7%2013: 8.3%2014: 5.3%2015: 3.0%2016: 4.3%2017: 4.8%2018: 3.2%2019: -0.4%2020: -0.8%2021: 4.0%2022: -0.0%2023: 5.3%2024: 4.7%2025: 6.0%2026: 4.2% (IMF projection)2027: 3.5% (IMF projection)2028: 3.5% (IMF projection)2029: 3.5% (IMF projection)2030: 3.5% (IMF projection)2031: 3.5% (IMF projection)IMF projection19952000200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
0.014.21995: 13.5%1996: 9.8%1997: 6.9%1998: 11.6%1999: 6.7%2000: 9.0%2001: 7.3%2002: 10.5%2003: 14.2%2004: 4.3%2005: 6.8%2006: 9.6%2007: 8.1%2008: 10.2%2009: 2.6%2010: 4.6%2011: 8.2%2012: 3.7%2013: 2.7%2014: 5.0%2015: 3.1%2016: 4.1%2017: 3.6%2018: 4.0%2019: 2.8%2020: 1.8%2021: 4.8%2022: 9.8%2023: 4.6%2024: 3.8%2025: 4.1%2026: 3.3% (IMF projection)2027: 3.5% (IMF projection)2028: 3.5% (IMF projection)2029: 3.5% (IMF projection)2030: 3.5% (IMF projection)2031: 3.5% (IMF projection)IMF projection19952000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %4.0-0.05.34.76.04.23.53.53.53.5
Inflation, average consumer prices %4.89.84.63.84.13.33.53.53.53.5
Unemployment rate %7.56.75.95.85.25.25.25.25.25.2
GDP, current prices USD bn40424345496164687176
GDP per capita, current prices USD6,3926,6586,8197,0207,6929,3729,84810,34010,86111,410
GDP per capita, PPP Int. USD16,47617,54219,02320,25921,93023,34924,53925,65626,86628,156
General government gross debt % of GDP37.540.641.044.638.137.837.637.437.236.9
General government net lending/borrowing % of GDP-3.4-2.6-3.8-2.1-1.7-1.3-1.3-1.3-1.4-1.4
Current account balance % of GDP-0.6-6.50.1-3.4-3.5-3.0-2.1-1.4-0.9-0.6
Population million6.256.286.336.376.426.466.506.546.586.62

Government debt, % of GDP

General government gross debt
0.050.52000: 34%2001: 37%2002: 51%2003: 38%2004: 36%2005: 28%2006: 21%2007: 17%2008: 16%2009: 15%2010: 13%2011: 11%2012: 12%2013: 13%2014: 16%2015: 19%2016: 19%2017: 20%2018: 22%2019: 26%2020: 37%2021: 38%2022: 41%2023: 41%2024: 45%2025: 38%2026: 38% (IMF projection)2027: 38% (IMF projection)2028: 37% (IMF projection)2029: 37% (IMF projection)2030: 37% (IMF projection)2031: 37% (IMF projection)IMF projection2000200520102015202020252030

Current account, % of GDP

Balance of payments
-6.50.08.62000: -2.8%2001: -0.4%2002: 8.6%2003: 0.2%2004: -0.1%2005: -0.6%2006: 1.2%2007: 4.4%2008: 0.4%2009: 1.8%2010: -1.1%2011: -0.7%2012: -1.9%2013: 0.8%2014: -0.8%2015: -0.2%2016: 4.6%2017: 3.7%2018: 0.2%2019: -0.2%2020: 2.4%2021: -0.6%2022: -6.5%2023: 0.1%2024: -3.4%2025: -3.5%2026: -3.0% (IMF projection)2027: -2.1% (IMF projection)2028: -1.4% (IMF projection)2029: -0.9% (IMF projection)2030: -0.6% (IMF projection)2031: -0.2% (IMF projection)IMF projection2000200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
199518.431.714.541.5
200512.739.318.041.8
20159.434.619.448.6
202511.632.319.448.1

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method6,750USD2025+10.7%
GNI, Atlas method47USD bn2025+26.1%
Exports of goods and services37.2% of GDP2025+2.4 pp
Imports of goods and services39.3% of GDP2025+7.1 pp
Life expectancy at birth74.0years2024+0.8%
Urban population70.4% of total2025+9.1 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)