Annual GDP growth in Paraguay
Paraguay: Annual GDP growth was 4.2% in 2024. ◆ Volatile
Latest (2024)
4.2%
Change on year
down 15.0%
World rank
54th
of 196 countries
All-time high
11.1%
in 2010
All-time low
-2.3%
in 2000
Years of data
25
2000–2024
Annual GDP growth in Paraguay, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
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 54th of 196 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 | Value | 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% |
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
- 51 Russian Federation 4.3% compare
- 52 Costa Rica 4.3% compare
- 53 Sierra Leone 4.3% compare
- 55 Bangladesh 4.2% compare
- 56 Madagascar 4.2% compare
- 57 Chad 4.2% compare
More economy & growth data for Paraguay
- 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)
- Gross domestic savings (current US$), annual growth rate 19 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2316 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 1,628 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 18.77 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 1,748 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 12.28 million current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 8.73 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9613 current US$ per US$ of GDP (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 54th out of 196 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.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).