Gross domestic product (GDP) in Paraguay
Paraguay: Gross domestic product (GDP) was 102.71 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
102.71 billion international-$ in 2021 prices
Change on year
up 3.8%
World rank
94th
of 184 countries
All-time high
102.71 billion international-$ in 2021 prices
in 2023
All-time low
3.71 billion international-$ in 2021 prices
in 1953
Years of data
73
1951–2023
Gross domestic product (GDP) in Paraguay, 1951–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Paraguay recorded 102.71 billion international-$ in 2021 prices for gross domestic product (gdp) in 2023. That is the highest value across all 73 years on record.
Compared with earlier readings it is up 3.8% on the previous year and up 20.9% over ten years.
Over the whole period, gross domestic product (gdp) in Paraguay peaked at 102.71 billion international-$ in 2021 prices in 2023 and was at its lowest, 3.71 billion international-$ in 2021 prices, in 1953.
Paraguay ranks 94th of 184 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 2021 prices | Change |
|---|---|---|
| 1951 | 4.04 billion international-$ in 2021 prices | — |
| 1952 | 3.91 billion international-$ in 2021 prices | -3.2% |
| 1953 | 3.71 billion international-$ in 2021 prices | -5.2% |
| 1954 | 4.07 billion international-$ in 2021 prices | +9.6% |
| 1955 | 4.42 billion international-$ in 2021 prices | +8.7% |
| 1956 | 4.54 billion international-$ in 2021 prices | +2.7% |
| 1957 | 4.50 billion international-$ in 2021 prices | -1.0% |
| 1958 | 4.79 billion international-$ in 2021 prices | +6.6% |
| 1959 | 4.87 billion international-$ in 2021 prices | +1.5% |
| 1960 | 4.97 billion international-$ in 2021 prices | +2.2% |
| 1961 | 5.29 billion international-$ in 2021 prices | +6.4% |
| 1962 | 5.31 billion international-$ in 2021 prices | +0.3% |
| 1963 | 5.59 billion international-$ in 2021 prices | +5.3% |
| 1964 | 5.78 billion international-$ in 2021 prices | +3.4% |
| 1965 | 6.13 billion international-$ in 2021 prices | +6.1% |
| 1966 | 6.16 billion international-$ in 2021 prices | +0.4% |
| 1967 | 6.64 billion international-$ in 2021 prices | +7.9% |
| 1968 | 6.85 billion international-$ in 2021 prices | +3.2% |
| 1969 | 7.22 billion international-$ in 2021 prices | +5.3% |
| 1970 | 7.79 billion international-$ in 2021 prices | +8.0% |
| 1971 | 8.24 billion international-$ in 2021 prices | +5.8% |
| 1972 | 8.79 billion international-$ in 2021 prices | +6.6% |
| 1973 | 9.24 billion international-$ in 2021 prices | +5.2% |
| 1974 | 9.81 billion international-$ in 2021 prices | +6.1% |
| 1975 | 10.27 billion international-$ in 2021 prices | +4.7% |
| 1976 | 11.03 billion international-$ in 2021 prices | +7.4% |
| 1977 | 12.37 billion international-$ in 2021 prices | +12.1% |
| 1978 | 13.64 billion international-$ in 2021 prices | +10.3% |
| 1979 | 14.54 billion international-$ in 2021 prices | +6.6% |
| 1980 | 16.34 billion international-$ in 2021 prices | +12.4% |
| 1981 | 18.15 billion international-$ in 2021 prices | +11.1% |
| 1982 | 18.18 billion international-$ in 2021 prices | +0.1% |
| 1983 | 17.99 billion international-$ in 2021 prices | -1.0% |
| 1984 | 18.42 billion international-$ in 2021 prices | +2.4% |
| 1985 | 19.03 billion international-$ in 2021 prices | +3.3% |
| 1986 | 18.70 billion international-$ in 2021 prices | -1.8% |
| 1987 | 19.69 billion international-$ in 2021 prices | +5.3% |
| 1988 | 21.11 billion international-$ in 2021 prices | +7.2% |
| 1989 | 22.13 billion international-$ in 2021 prices | +4.8% |
| 1990 | 24.42 billion international-$ in 2021 prices | +10.4% |
| 1991 | 25.13 billion international-$ in 2021 prices | +2.9% |
| 1992 | 25.94 billion international-$ in 2021 prices | +3.2% |
| 1993 | 27.29 billion international-$ in 2021 prices | +5.2% |
| 1994 | 28.86 billion international-$ in 2021 prices | +5.8% |
| 1995 | 30.28 billion international-$ in 2021 prices | +4.9% |
| 1996 | 30.90 billion international-$ in 2021 prices | +2.1% |
| 1997 | 31.81 billion international-$ in 2021 prices | +2.9% |
| 1998 | 33.04 billion international-$ in 2021 prices | +3.8% |
| 1999 | 31.63 billion international-$ in 2021 prices | -4.3% |
| 2000 | 30.65 billion international-$ in 2021 prices | -3.1% |
| 2001 | 32.39 billion international-$ in 2021 prices | +5.7% |
| 2002 | 42.22 billion international-$ in 2021 prices | +30.3% |
| 2003 | 44.41 billion international-$ in 2021 prices | +5.2% |
| 2004 | 46.61 billion international-$ in 2021 prices | +5.0% |
| 2005 | 47.84 billion international-$ in 2021 prices | +2.6% |
| 2006 | 51.07 billion international-$ in 2021 prices | +6.7% |
| 2007 | 54.45 billion international-$ in 2021 prices | +6.6% |
| 2008 | 58.58 billion international-$ in 2021 prices | +7.6% |
| 2009 | 63.02 billion international-$ in 2021 prices | +7.6% |
| 2010 | 72.96 billion international-$ in 2021 prices | +15.8% |
| 2011 | 81.06 billion international-$ in 2021 prices | +11.1% |
| 2012 | 80.84 billion international-$ in 2021 prices | -0.3% |
| 2013 | 84.94 billion international-$ in 2021 prices | +5.1% |
| 2014 | 88.76 billion international-$ in 2021 prices | +4.5% |
| 2015 | 88.45 billion international-$ in 2021 prices | -0.4% |
| 2016 | 92.57 billion international-$ in 2021 prices | +4.7% |
| 2017 | 96.42 billion international-$ in 2021 prices | +4.2% |
| 2018 | 95.35 billion international-$ in 2021 prices | -1.1% |
| 2019 | 98.69 billion international-$ in 2021 prices | +3.5% |
| 2020 | 97.60 billion international-$ in 2021 prices | -1.1% |
| 2021 | 99.25 billion international-$ in 2021 prices | +1.7% |
| 2022 | 98.97 billion international-$ in 2021 prices | -0.3% |
| 2023 | 102.71 billion international-$ in 2021 prices | +3.8% |
Paraguay compared with similar countries
- Paraguay's 102.71 billion international-$ in 2021 prices is below the median for upper middle income countries, which is 148.60 billion international-$ in 2021 prices, 69% of the median. (51 countries reporting)
- Paraguay's 102.71 billion international-$ in 2021 prices is above the median for Latin America & Caribbean, which is 42.33 billion international-$ in 2021 prices, 2.4× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP) 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 |
|---|---|---|---|
| 2002 | +30.3% | 32.39 billion international-$ in 2021 prices | 42.22 billion international-$ in 2021 prices |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 4.32 billion international-$ in 2021 prices | 3.71 billion international-$ in 2021 prices | 4.87 billion international-$ in 2021 prices | 9 |
| 1960s | 5.99 billion international-$ in 2021 prices | 4.97 billion international-$ in 2021 prices | 7.22 billion international-$ in 2021 prices | 10 |
| 1970s | 10.57 billion international-$ in 2021 prices | 7.79 billion international-$ in 2021 prices | 14.54 billion international-$ in 2021 prices | 10 |
| 1980s | 18.97 billion international-$ in 2021 prices | 16.34 billion international-$ in 2021 prices | 22.13 billion international-$ in 2021 prices | 10 |
| 1990s | 28.93 billion international-$ in 2021 prices | 24.42 billion international-$ in 2021 prices | 33.04 billion international-$ in 2021 prices | 10 |
| 2000s | 47.12 billion international-$ in 2021 prices | 30.65 billion international-$ in 2021 prices | 63.02 billion international-$ in 2021 prices | 10 |
| 2010s | 88.00 billion international-$ in 2021 prices | 72.96 billion international-$ in 2021 prices | 98.69 billion international-$ in 2021 prices | 10 |
| 2020s | 99.63 billion international-$ in 2021 prices | 97.60 billion international-$ in 2021 prices | 102.71 billion international-$ in 2021 prices | 4 |
Countries ranked near Paraguay
- 91 Bolivia 118.03 billion international-$ in 2021 prices compare
- 92 Democratic Republic of Congo 113.42 billion international-$ in 2021 prices compare
- 93 Jordan 106.26 billion international-$ in 2021 prices compare
- 95 Cambodia 100.91 billion international-$ in 2021 prices compare
- 96 Uruguay 90.61 billion international-$ in 2021 prices compare
- 97 Georgia 89.43 billion international-$ in 2021 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$), annual growth rate -3.22 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product (gdp) in Paraguay?
- Gross domestic product (gdp) in Paraguay was 102.71 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Paraguay?
- The highest recorded value was 102.71 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Paraguay?
- The lowest recorded value was 3.71 billion international-$ in 2021 prices in 1953.
- How does Paraguay rank for gross domestic product (gdp)?
- Paraguay ranks 94th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Paraguay?
- Over the last ten years it is up 20.9%. The long-run trend across the full record is volatile.
- Where does this Paraguay data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 73 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.