Annual GDP growth (%) in Paraguay
Paraguay: Annual GDP growth (%) was 4.2% in 2024. ◆ Volatile
Annual GDP growth in Paraguay, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Paraguay recorded 4.2% for annual gdp growth in 2024.
Compared with earlier readings it is down 15.0% on the previous year and down 19.8% over ten years.
Over the whole period, annual gdp growth in Paraguay peaked at 11.1% in 2010 and was at its lowest, -2.3%, in 2000.
Paraguay ranks 65th of 230 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in Paraguay, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -2.3% | — |
| 2001 | -0.8% | -64.0% |
| 2002 | -0.0% | -97.4% |
| 2003 | 4.3% | -20286.3% |
| 2004 | 4.1% | -6.1% |
| 2005 | 2.1% | -47.4% |
| 2006 | 4.8% | +125.3% |
| 2007 | 5.4% | +12.8% |
| 2008 | 6.5% | +19.8% |
| 2009 | -0.3% | -104.0% |
| 2010 | 11.1% | -4348.8% |
| 2011 | 4.3% | -61.4% |
| 2012 | -0.7% | -116.5% |
| 2013 | 8.3% | -1271.3% |
| 2014 | 5.3% | -36.1% |
| 2015 | 3.0% | -44.2% |
| 2016 | 4.3% | +44.3% |
| 2017 | 4.8% | +12.7% |
| 2018 | 3.2% | -33.4% |
| 2019 | -0.4% | -112.5% |
| 2020 | -0.8% | +104.0% |
| 2021 | 4.0% | -590.0% |
| 2022 | 0.2% | -95.6% |
| 2023 | 5.0% | +2739.9% |
| 2024 | 4.2% | -15.0% |
Paraguay compared with similar countries
- Paraguay's 4.2% is above the median for upper middle income countries, which is 3.5%, 1.2× the median. (56 countries reporting)
- Paraguay's 4.2% is above the median for Latin America & Caribbean, which is 3.3%, 1.3× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) in Paraguay changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +20286.3% | -0.0% | 4.3% |
| 2010 | +4348.8% | -0.3% | 11.1% |
| 2023 | +2739.9% | 0.2% | 5.0% |
| 2013 | +1271.3% | -0.7% | 8.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.4% | -2.3% | 6.5% | 10 |
| 2010s | 4.3% | -0.7% | 11.1% | 10 |
| 2020s | 2.5% | -0.8% | 5.0% | 5 |
Countries ranked near Paraguay
- 63 Costa Rica 4.3% compare
- 64 Sierra Leone 4.3% compare
- 66 Bangladesh 4.2% compare
- 67 Madagascar 4.2% compare
- 68 Chad 4.2% compare
More economy & growth data for Paraguay
- Real gdp growth, annual growth rate -11.67 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.42 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 157.03 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0069 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 48.35 units per person (2025)
- SDRs holdings, SDR, annual growth rate 144.76 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.005 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 35.31 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Paraguay?
- Annual gdp growth in Paraguay was 4.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Paraguay?
- The highest recorded value was 11.1% in 2010.
- What is the lowest annual gdp growth recorded in Paraguay?
- The lowest recorded value was -2.3% in 2000.
- How does Paraguay rank for annual gdp growth?
- Paraguay ranks 65th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Paraguay?
- Over the last ten years it is down 19.8%. The long-run trend across the full record is volatile.
- Where does this Paraguay data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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