Gross domestic product (GDP) in Paraguay
Paraguay: Gross domestic product (GDP) was 65.13 billion international-$ in 2011 prices in 2022. ◆ Volatile
Latest (2022)
65.13 billion international-$ in 2011 prices
Change on year
up 0.2%
World rank
101st
of 166 countries
All-time high
65.13 billion international-$ in 2011 prices
in 2022
All-time low
2.94 billion international-$ in 2011 prices
in 1940
Years of data
84
1939–2022
Gross domestic product (GDP) in Paraguay, 1939–2022
Source: Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
The most recent figure for gross domestic product (gdp) in Paraguay is 65.13 billion international-$ in 2011 prices, measured in 2022. That is the highest value across all 84 years on record.
That represents a change of up 0.2% on the previous year and up 36.3% over ten years.
Over the whole period, gross domestic product (gdp) in Paraguay peaked at 65.13 billion international-$ in 2011 prices in 2022 and was at its lowest, 2.94 billion international-$ in 2011 prices, in 1940.
Paraguay ranks 101st of 166 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.
Gross domestic product (GDP) in Paraguay, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 1939 | 3.10 billion international-$ in 2011 prices | — |
| 1940 | 2.94 billion international-$ in 2011 prices | -5.4% |
| 1941 | 2.99 billion international-$ in 2011 prices | +1.7% |
| 1942 | 3.16 billion international-$ in 2011 prices | +5.8% |
| 1943 | 3.23 billion international-$ in 2011 prices | +2.1% |
| 1944 | 3.30 billion international-$ in 2011 prices | +2.2% |
| 1945 | 3.18 billion international-$ in 2011 prices | -3.6% |
| 1946 | 3.49 billion international-$ in 2011 prices | +9.8% |
| 1947 | 3.04 billion international-$ in 2011 prices | -13.0% |
| 1948 | 3.07 billion international-$ in 2011 prices | +1.2% |
| 1949 | 3.59 billion international-$ in 2011 prices | +16.8% |
| 1950 | 3.53 billion international-$ in 2011 prices | -1.6% |
| 1951 | 3.60 billion international-$ in 2011 prices | +1.9% |
| 1952 | 3.54 billion international-$ in 2011 prices | -1.6% |
| 1953 | 3.64 billion international-$ in 2011 prices | +2.8% |
| 1954 | 3.70 billion international-$ in 2011 prices | +1.7% |
| 1955 | 3.87 billion international-$ in 2011 prices | +4.7% |
| 1956 | 4.03 billion international-$ in 2011 prices | +4.2% |
| 1957 | 4.22 billion international-$ in 2011 prices | +4.6% |
| 1958 | 4.45 billion international-$ in 2011 prices | +5.7% |
| 1959 | 4.44 billion international-$ in 2011 prices | -0.3% |
| 1960 | 4.48 billion international-$ in 2011 prices | +0.9% |
| 1961 | 4.69 billion international-$ in 2011 prices | +4.8% |
| 1962 | 5.02 billion international-$ in 2011 prices | +7.0% |
| 1963 | 5.16 billion international-$ in 2011 prices | +2.8% |
| 1964 | 5.39 billion international-$ in 2011 prices | +4.3% |
| 1965 | 5.69 billion international-$ in 2011 prices | +5.7% |
| 1966 | 5.76 billion international-$ in 2011 prices | +1.1% |
| 1967 | 6.12 billion international-$ in 2011 prices | +6.3% |
| 1968 | 6.34 billion international-$ in 2011 prices | +3.6% |
| 1969 | 6.59 billion international-$ in 2011 prices | +3.9% |
| 1970 | 7.00 billion international-$ in 2011 prices | +6.3% |
| 1971 | 7.39 billion international-$ in 2011 prices | +5.7% |
| 1972 | 7.89 billion international-$ in 2011 prices | +6.7% |
| 1973 | 8.48 billion international-$ in 2011 prices | +7.6% |
| 1974 | 9.21 billion international-$ in 2011 prices | +8.5% |
| 1975 | 9.88 billion international-$ in 2011 prices | +7.3% |
| 1976 | 10.60 billion international-$ in 2011 prices | +7.3% |
| 1977 | 11.78 billion international-$ in 2011 prices | +11.1% |
| 1978 | 13.14 billion international-$ in 2011 prices | +11.5% |
| 1979 | 14.65 billion international-$ in 2011 prices | +11.5% |
| 1980 | 16.34 billion international-$ in 2011 prices | +11.5% |
| 1981 | 17.79 billion international-$ in 2011 prices | +8.8% |
| 1982 | 17.63 billion international-$ in 2011 prices | -0.9% |
| 1983 | 17.11 billion international-$ in 2011 prices | -2.9% |
| 1984 | 17.64 billion international-$ in 2011 prices | +3.1% |
| 1985 | 18.34 billion international-$ in 2011 prices | +4.0% |
| 1986 | 18.35 billion international-$ in 2011 prices | +0.1% |
| 1987 | 19.15 billion international-$ in 2011 prices | +4.3% |
| 1988 | 20.36 billion international-$ in 2011 prices | +6.3% |
| 1989 | 21.54 billion international-$ in 2011 prices | +5.8% |
| 1990 | 22.20 billion international-$ in 2011 prices | +3.1% |
| 1991 | 22.82 billion international-$ in 2011 prices | +2.8% |
| 1992 | 23.30 billion international-$ in 2011 prices | +2.1% |
| 1993 | 24.34 billion international-$ in 2011 prices | +4.5% |
| 1994 | 25.18 billion international-$ in 2011 prices | +3.4% |
| 1995 | 26.64 billion international-$ in 2011 prices | +5.8% |
| 1996 | 26.84 billion international-$ in 2011 prices | +0.7% |
| 1997 | 27.72 billion international-$ in 2011 prices | +3.3% |
| 1998 | 27.96 billion international-$ in 2011 prices | +0.9% |
| 1999 | 27.64 billion international-$ in 2011 prices | -1.2% |
| 2000 | 26.80 billion international-$ in 2011 prices | -3.0% |
| 2001 | 27.44 billion international-$ in 2011 prices | +2.4% |
| 2002 | 31.66 billion international-$ in 2011 prices | +15.4% |
| 2003 | 33.14 billion international-$ in 2011 prices | +4.6% |
| 2004 | 34.59 billion international-$ in 2011 prices | +4.4% |
| 2005 | 35.44 billion international-$ in 2011 prices | +2.5% |
| 2006 | 37.26 billion international-$ in 2011 prices | +5.1% |
| 2007 | 39.41 billion international-$ in 2011 prices | +5.8% |
| 2008 | 42.05 billion international-$ in 2011 prices | +6.7% |
| 2009 | 40.51 billion international-$ in 2011 prices | -3.7% |
| 2010 | 45.96 billion international-$ in 2011 prices | +13.5% |
| 2011 | 48.11 billion international-$ in 2011 prices | +4.7% |
| 2012 | 47.77 billion international-$ in 2011 prices | -0.7% |
| 2013 | 51.73 billion international-$ in 2011 prices | +8.3% |
| 2014 | 54.48 billion international-$ in 2011 prices | +5.3% |
| 2015 | 56.09 billion international-$ in 2011 prices | +3.0% |
| 2016 | 58.48 billion international-$ in 2011 prices | +4.3% |
| 2017 | 61.29 billion international-$ in 2011 prices | +4.8% |
| 2018 | 63.26 billion international-$ in 2011 prices | +3.2% |
| 2019 | 63.00 billion international-$ in 2011 prices | -0.4% |
| 2020 | 62.49 billion international-$ in 2011 prices | -0.8% |
| 2021 | 65.00 billion international-$ in 2011 prices | +4.0% |
| 2022 | 65.13 billion international-$ in 2011 prices | +0.2% |
Paraguay compared with similar countries
- Paraguay's 65.13 billion international-$ in 2011 prices is below the median for upper middle income countries, which is 146.22 billion international-$ in 2011 prices, 45% of the median. (47 countries reporting)
- Paraguay's 65.13 billion international-$ in 2011 prices is below the median for Latin America & Caribbean, which is 82.25 billion international-$ in 2011 prices, 79% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1930s | 3.10 billion international-$ in 2011 prices | 3.10 billion international-$ in 2011 prices | 3.10 billion international-$ in 2011 prices | 1 |
| 1940s | 3.20 billion international-$ in 2011 prices | 2.94 billion international-$ in 2011 prices | 3.59 billion international-$ in 2011 prices | 10 |
| 1950s | 3.90 billion international-$ in 2011 prices | 3.53 billion international-$ in 2011 prices | 4.45 billion international-$ in 2011 prices | 10 |
| 1960s | 5.52 billion international-$ in 2011 prices | 4.48 billion international-$ in 2011 prices | 6.59 billion international-$ in 2011 prices | 10 |
| 1970s | 10.00 billion international-$ in 2011 prices | 7.00 billion international-$ in 2011 prices | 14.65 billion international-$ in 2011 prices | 10 |
| 1980s | 18.42 billion international-$ in 2011 prices | 16.34 billion international-$ in 2011 prices | 21.54 billion international-$ in 2011 prices | 10 |
| 1990s | 25.46 billion international-$ in 2011 prices | 22.20 billion international-$ in 2011 prices | 27.96 billion international-$ in 2011 prices | 10 |
| 2000s | 34.83 billion international-$ in 2011 prices | 26.80 billion international-$ in 2011 prices | 42.05 billion international-$ in 2011 prices | 10 |
| 2010s | 55.02 billion international-$ in 2011 prices | 45.96 billion international-$ in 2011 prices | 63.26 billion international-$ in 2011 prices | 10 |
| 2020s | 64.20 billion international-$ in 2011 prices | 62.49 billion international-$ in 2011 prices | 65.13 billion international-$ in 2011 prices | 3 |
Countries ranked near Paraguay
- 98 Uruguay 69.07 billion international-$ in 2011 prices compare
- 99 Zambia 68.47 billion international-$ in 2011 prices compare
- 100 Cambodia 65.14 billion international-$ in 2011 prices compare
- 102 Yemen 60.85 billion international-$ in 2011 prices compare
- 103 El Salvador 59.27 billion international-$ in 2011 prices compare
- 104 Bahrain 58.77 billion international-$ in 2011 prices 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 235.57 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0048 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 33.59 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.18 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 7.56 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.024 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 168.31 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -3.22 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product (gdp) in Paraguay?
- Gross domestic product (gdp) in Paraguay was 65.13 billion international-$ in 2011 prices in 2022, according to Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Paraguay?
- The highest recorded value was 65.13 billion international-$ in 2011 prices in 2022.
- What is the lowest gross domestic product (gdp) recorded in Paraguay?
- The lowest recorded value was 2.94 billion international-$ in 2011 prices in 1940.
- How does Paraguay rank for gross domestic product (gdp)?
- Paraguay ranks 101st out of 166 countries with data for 2022.
- Is gross domestic product (gdp) rising or falling in Paraguay?
- Over the last ten years it is up 36.3%. The long-run trend across the full record is volatile.
- Where does this Paraguay data come from?
- The figures come from Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.