Panama vs Paraguay: Median income per year (after tax)
Panama
11,894 international-$ in 2021 prices
in 2019
Paraguay
9,323 international-$ in 2021 prices
in 2024
Panama rank
35th
Paraguay rank
38th
Median income per year (after tax) over time
- Panama
- Paraguay
How they compare
Panama currently reports 11,894 international-$ in 2021 prices against 9,323 international-$ in 2021 prices in Paraguay, a difference of 2,571 international-$ in 2021 prices.
That makes Panama's figure about 1.3 times Paraguay's.
The two have swapped places 3 times across 21 shared years of data; in 1997 it was Paraguay ahead.
Panama ranks 35th and Paraguay ranks 38th 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 | 6,450 international-$ in 2021 prices | 6,993 international-$ in 2021 prices | 542.34 international-$ in 2021 prices | Paraguay |
| 2000s | 7,129 international-$ in 2021 prices | 6,164 international-$ in 2021 prices | 965.16 international-$ in 2021 prices | Panama |
| 2010s | 10,073 international-$ in 2021 prices | 8,466 international-$ in 2021 prices | 1,606 international-$ in 2021 prices | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher median income per year (after tax), Panama or Paraguay?
- Panama, at 11,894 international-$ in 2021 prices against 9,323 international-$ in 2021 prices in Paraguay as of 2019.
- What is the difference in median income per year (after tax) between Panama and Paraguay?
- 2,571 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 income per year (after tax)?
- Panama ranks 35th and Paraguay ranks 38th 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 income per year (after tax). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Value of income per year below which 50% of the population live.