Gross domestic product (GDP) in Paraguay
Paraguay: Gross domestic product (GDP) was 120.95 billion international-$ in 2021 prices in 2025. ▲ Rising
Latest (2025)
120.95 billion international-$ in 2021 prices
Change on year
up 6.6%
World rank
92nd
of 198 countries
All-time high
120.95 billion international-$ in 2021 prices
in 2025
All-time low
40.20 billion international-$ in 2021 prices
in 1990
Years of data
36
1990–2025
Gross domestic product (GDP) in Paraguay, 1990–2025
Source: Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
The most recent figure for gross domestic product (gdp) in Paraguay is 120.95 billion international-$ in 2021 prices, measured in 2025. That is the highest value across all 36 years on record.
The figure is up 6.6% on the previous year and up 36.1% over ten years.
Over the whole period, gross domestic product (gdp) in Paraguay peaked at 120.95 billion international-$ in 2021 prices in 2025 and was at its lowest, 40.20 billion international-$ in 2021 prices, in 1990.
Paraguay ranks 92nd of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
Gross domestic product (GDP) in Paraguay, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1990 | 40.20 billion international-$ in 2021 prices | — |
| 1991 | 41.61 billion international-$ in 2021 prices | +3.5% |
| 1992 | 42.31 billion international-$ in 2021 prices | +1.7% |
| 1993 | 44.40 billion international-$ in 2021 prices | +4.9% |
| 1994 | 46.76 billion international-$ in 2021 prices | +5.3% |
| 1995 | 49.95 billion international-$ in 2021 prices | +6.8% |
| 1996 | 50.74 billion international-$ in 2021 prices | +1.6% |
| 1997 | 52.89 billion international-$ in 2021 prices | +4.2% |
| 1998 | 52.93 billion international-$ in 2021 prices | +0.1% |
| 1999 | 52.20 billion international-$ in 2021 prices | -1.4% |
| 2000 | 51.00 billion international-$ in 2021 prices | -2.3% |
| 2001 | 50.57 billion international-$ in 2021 prices | -0.8% |
| 2002 | 50.56 billion international-$ in 2021 prices | -0.0% |
| 2003 | 52.74 billion international-$ in 2021 prices | +4.3% |
| 2004 | 54.88 billion international-$ in 2021 prices | +4.1% |
| 2005 | 56.05 billion international-$ in 2021 prices | +2.1% |
| 2006 | 58.75 billion international-$ in 2021 prices | +4.8% |
| 2007 | 61.93 billion international-$ in 2021 prices | +5.4% |
| 2008 | 65.96 billion international-$ in 2021 prices | +6.5% |
| 2009 | 65.79 billion international-$ in 2021 prices | -0.3% |
| 2010 | 73.08 billion international-$ in 2021 prices | +11.1% |
| 2011 | 76.22 billion international-$ in 2021 prices | +4.3% |
| 2012 | 75.68 billion international-$ in 2021 prices | -0.7% |
| 2013 | 81.95 billion international-$ in 2021 prices | +8.3% |
| 2014 | 86.30 billion international-$ in 2021 prices | +5.3% |
| 2015 | 88.85 billion international-$ in 2021 prices | +3.0% |
| 2016 | 92.64 billion international-$ in 2021 prices | +4.3% |
| 2017 | 97.10 billion international-$ in 2021 prices | +4.8% |
| 2018 | 100.21 billion international-$ in 2021 prices | +3.2% |
| 2019 | 99.81 billion international-$ in 2021 prices | -0.4% |
| 2020 | 98.99 billion international-$ in 2021 prices | -0.8% |
| 2021 | 102.94 billion international-$ in 2021 prices | +4.0% |
| 2022 | 102.91 billion international-$ in 2021 prices | -0.0% |
| 2023 | 108.35 billion international-$ in 2021 prices | +5.3% |
| 2024 | 113.41 billion international-$ in 2021 prices | +4.7% |
| 2025 | 120.95 billion international-$ in 2021 prices | +6.6% |
Paraguay compared with similar countries
- Paraguay's 120.95 billion international-$ in 2021 prices is above the median for upper middle income countries, which is 105.30 billion international-$ in 2021 prices, 1.1× the median. (57 countries reporting)
- Paraguay's 120.95 billion international-$ in 2021 prices is above the median for Latin America & Caribbean, which is 49.49 billion international-$ in 2021 prices, 2.4× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 47.40 billion international-$ in 2021 prices | 40.20 billion international-$ in 2021 prices | 52.93 billion international-$ in 2021 prices | 10 |
| 2000s | 56.82 billion international-$ in 2021 prices | 50.56 billion international-$ in 2021 prices | 65.96 billion international-$ in 2021 prices | 10 |
| 2010s | 87.18 billion international-$ in 2021 prices | 73.08 billion international-$ in 2021 prices | 100.21 billion international-$ in 2021 prices | 10 |
| 2020s | 107.93 billion international-$ in 2021 prices | 98.99 billion international-$ in 2021 prices | 120.95 billion international-$ in 2021 prices | 6 |
Countries ranked near Paraguay
- 89 Bolivia 138.41 billion international-$ in 2021 prices compare
- 90 Cambodia 130.29 billion international-$ in 2021 prices compare
- 91 Jordan 124.36 billion international-$ in 2021 prices compare
- 93 Uruguay 110.82 billion international-$ in 2021 prices compare
- 94 Libya 105.30 billion international-$ in 2021 prices compare
- 95 Slovenia 104.61 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$), annual growth rate -3.22 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product (gdp) in Paraguay?
- Gross domestic product (gdp) in Paraguay was 120.95 billion international-$ in 2021 prices in 2025, according to Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Paraguay?
- The highest recorded value was 120.95 billion international-$ in 2021 prices in 2025.
- What is the lowest gross domestic product (gdp) recorded in Paraguay?
- The lowest recorded value was 40.20 billion international-$ in 2021 prices in 1990.
- How does Paraguay rank for gross domestic product (gdp)?
- Paraguay ranks 92nd out of 198 countries with data for 2025.
- Is gross domestic product (gdp) rising or falling in Paraguay?
- Over the last ten years it is up 36.1%. The long-run trend across the full record is rising.
- Where does this Paraguay data come from?
- The figures come from Eurostat, OECD, IMF, and World Bank (2026) – with minor 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.