Gross domestic product (GDP) in Paraguay
Paraguay: Gross domestic product (GDP) was 102.71 billion international-$ in 2021 prices in 2023. ◆ Volatile
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.
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
- External balance on goods and services as a percent of GDP -2.1% (2025)
- Inflation of consumer prices 4.0% (2025)
- GDP per capita 7,029 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 19.4% (2025)
- Gross domestic product (GDP) 49.29 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 7,029 constant 2015 US$ (2025)
- DEC alternative conversion factor 7,545 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 10.99 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 1.46 billion current US$ (2025)
- Taxes less subsidies on products 29.61 trillion current LCU (2025)
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.
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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.