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Economic indicators of Paraguay : Growth

Main Indicators

Main Indicators 20202021 (e)2022 (e)2023 (e)2024 (e)
GDP (billions USD) 35.43e38.8241.8644.6247.02
GDP (Constant Prices, Annual % Change) -0.8e4.20.24.33.5
GDP per Capita (USD) 4e5556
General Government Balance (in % of GDP) -6.5-6.4-4.6-3.4-2.3
General Government Gross Debt (in % of GDP) 36.89937.71939.31638.85638.724
Inflation Rate (%) 1.84.89.54.54.1
Current Account (billions USD) 0.960.31-1.60-0.04-0.56
Current Account (in % of GDP) 2.70.8-3.8-0.1-1.2

Source: IMF – World Economic Outlook Database - Latest available data.

Note: (e) Estimated Data

 
Socio-Demographic Indicators 2022 (e)2023 (e)2024 (e)
Unemployment Rate (%) 7.26.46.1

Source: IMF – World Economic Outlook Database - Latest available data.

 
 
Monetary Indicators 20162017201820192020
Paraguayan Guarani (PYG) - Average Annual Exchange Rate For 1 EUR 6,032.466,347.196,763.227,012.027,733.92

Source: World Bank - Latest available data.

 
 

Main Sectors of Industry

Breakdown of Economic Activity By Sector Agriculture Industry Services
Employment By Sector (in % of Total Employment) 18.7 18.1 63.1
Value Added (in % of GDP) 10.8 33.3 48.8
Value Added (Annual % Change) 7.1 0.4 -3.5

Source: World Bank - Latest available data.

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Latest Update: October 2022