Current account balance as a share of GDP in Paraguay
Paraguay: Current account balance as a share of GDP was -3.4% in 2024. ◆ Volatile
Current account balance as a share of GDP in Paraguay, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for current account balance as a share of gdp in Paraguay is -3.4%, measured in 2024.
That represents a change of down 911.8% on the previous year and down 335.4% over ten years.
Over the whole period, current account balance as a share of gdp in Paraguay peaked at 8.6% in 2002 and was at its lowest, -7.0%, in 2022.
That places Paraguay 127th out of 193 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a share of GDP in Paraguay, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -2.8% | — |
| 2001 | -0.4% | -86.4% |
| 2002 | 8.6% | -2365.8% |
| 2003 | 0.2% | -97.4% |
| 2004 | -0.1% | -145.5% |
| 2005 | -0.6% | +530.0% |
| 2006 | 1.2% | -296.8% |
| 2007 | 4.4% | +251.6% |
| 2008 | 0.4% | -91.7% |
| 2009 | 1.7% | +383.3% |
| 2010 | -1.1% | -164.9% |
| 2011 | -0.7% | -39.8% |
| 2012 | -1.8% | +167.6% |
| 2013 | 0.9% | -147.8% |
| 2014 | -0.8% | -190.8% |
| 2015 | -0.2% | -73.4% |
| 2016 | 4.6% | -2295.2% |
| 2017 | 3.4% | -27.1% |
| 2018 | -0.2% | -106.5% |
| 2019 | -0.6% | +154.5% |
| 2020 | 1.9% | -441.1% |
| 2021 | -1.1% | -156.0% |
| 2022 | -7.0% | +555.1% |
| 2023 | -0.3% | -95.1% |
| 2024 | -3.4% | +911.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.3% | -2.8% | 8.6% | 10 |
| 2010s | 0.3% | -1.8% | 4.6% | 10 |
| 2020s | -2.0% | -7.0% | 1.9% | 5 |
Countries ranked near Paraguay
- 124 Brazil -3.0% compare
- 125 Dominican Republic -3.4% compare
- 126 Venezuela, Bolivarian Republic of -3.4% compare
- 128 Bosnia and Herzegovina -3.5% compare
- 129 Congo, Democratic Republic of the -3.8% compare
- 130 Philippines -4.0% 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)
- Services, value added (current US$), annual growth rate 9.36 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4807 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 3,378 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 9.15 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 3,627 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 25.49 million current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 6.27 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.5017 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Paraguay?
- Current account balance as a share of gdp in Paraguay was -3.4% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Paraguay?
- The highest recorded value was 8.6% in 2002.
- What is the lowest current account balance as a share of gdp recorded in Paraguay?
- The lowest recorded value was -7.0% in 2022.
- How does Paraguay rank for current account balance as a share of gdp?
- Paraguay ranks 127th out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Paraguay?
- Over the last ten years it is down 335.4%. The long-run trend across the full record is volatile.
- Where does this Paraguay data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).