Expense in Paraguay
Paraguay: Expense was 18.9% in 2023. ▲ Rising
Expense in Paraguay, 2005–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Paraguay recorded 18.9% for expense in 2023.
Compared with earlier readings it is up 14.3% on the previous year and up 31.9% over ten years.
Over the whole period, expense in Paraguay peaked at 20.4% in 2019 and was at its lowest, 10.8%, in 2008.
Paraguay ranks 116th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Expense in Paraguay, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 12.3% | — |
| 2006 | 12.4% | +0.7% |
| 2007 | 11.5% | -7.1% |
| 2008 | 10.8% | -5.8% |
| 2009 | 12.6% | +16.3% |
| 2010 | 11.8% | -5.9% |
| 2011 | 13.1% | +10.5% |
| 2012 | 15.7% | +20.0% |
| 2013 | 14.4% | -8.5% |
| 2014 | 14.0% | -2.5% |
| 2015 | 14.8% | +5.9% |
| 2016 | 15.4% | +4.0% |
| 2017 | 14.5% | -6.2% |
| 2018 | 16.1% | +11.5% |
| 2019 | 20.4% | +26.2% |
| 2020 | 18.5% | -9.2% |
| 2021 | 16.7% | -9.3% |
| 2022 | 16.6% | -1.0% |
| 2023 | 18.9% | +14.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.9% | 10.8% | 12.6% | 5 |
| 2010s | 15.0% | 11.8% | 20.4% | 10 |
| 2020s | 17.7% | 16.6% | 18.9% | 4 |
Countries ranked near Paraguay
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 value added at basic prices (GVA) (current LCU), annual growth 9.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 6,945 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 48.80 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 6.78 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.9213 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 6,474 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 6.78 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 4,717 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is expense in Paraguay?
- Expense in Paraguay was 18.9% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Paraguay?
- The highest recorded value was 20.4% in 2019.
- What is the lowest expense recorded in Paraguay?
- The lowest recorded value was 10.8% in 2008.
- How does Paraguay rank for expense?
- Paraguay ranks 116th out of 157 countries with data for 2023.
- Is expense rising or falling in Paraguay?
- Over the last ten years it is up 31.9%. The long-run trend across the full record is rising.
- Where does this Paraguay data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.