Panama vs Paraguay: Median and mean income (after tax)
Panama
16,343 international-$ in 2021 prices
in 2019
Paraguay
12,854 international-$ in 2021 prices
in 2024
Panama rank
34th
Paraguay rank
37th
Median and mean income (after tax) over time
- Panama
- Paraguay
How they compare
Panama currently reports 16,343 international-$ in 2021 prices against 12,854 international-$ in 2021 prices in Paraguay, a difference of 3,489 international-$ in 2021 prices.
That makes Panama's figure about 1.3 times Paraguay's.
The two have swapped places 5 times across 21 shared years of data; in 1997 it was Paraguay ahead.
Panama ranks 34th and Paraguay ranks 37th of 47 countries.
Across the 3 decades both report, Panama averaged higher in 2 and Paraguay in 1.
Head to head by decade
| Decade | Panama | Paraguay | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 10,179 international-$ in 2021 prices | 11,266 international-$ in 2021 prices | 1,088 international-$ in 2021 prices | Paraguay |
| 2000s | 10,917 international-$ in 2021 prices | 9,791 international-$ in 2021 prices | 1,126 international-$ in 2021 prices | Panama |
| 2010s | 13,985 international-$ in 2021 prices | 12,478 international-$ in 2021 prices | 1,506 international-$ in 2021 prices | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher median and mean income (after tax), Panama or Paraguay?
- Panama, at 16,343 international-$ in 2021 prices against 12,854 international-$ in 2021 prices in Paraguay as of 2019.
- What is the difference in median and mean income (after tax) between Panama and Paraguay?
- 3,489 international-$ in 2021 prices, with Panama ahead.
- How many years of comparable data are there for Panama and Paraguay?
- 21 years are reported by both, from 1997 to 2019.
- How do Panama and Paraguay rank globally for median and mean income (after tax)?
- Panama ranks 34th and Paraguay ranks 37th of 47 countries.
- Where does this data come from?
- Luxembourg Income Study (2026) β with minor processing by Our World in Data, published as Median and mean income (after tax). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Average income per year of the population.