Gross domestic product (GDP), annual growth rate in Paraguay
Paraguay: Gross domestic product (GDP), annual growth rate was 3.78 % change on previous year in 2023. ◆ Volatile
Latest (2023)
3.78 % change on previous year
Change on year
up 1,433.9%
World rank
64th
of 184 countries
All-time high
30.35 % change on previous year
in 2002
All-time low
-5.18 % change on previous year
in 1953
Years of data
72
1952–2023
Gross domestic product (GDP), annual growth rate in Paraguay, 1952–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross domestic product (gdp), annual growth rate in Paraguay stood at 3.78 % change on previous year.
That represents a change of up 1,433.9% on the previous year and down 25.3% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Paraguay peaked at 30.35 % change on previous year in 2002 and was at its lowest, -5.18 % change on previous year, in 1953.
That places Paraguay 64th out of 184 countries with data for 2023, putting it 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), annual growth rate in Paraguay, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1952 | -3.22 % change on previous year | — |
| 1953 | -5.18 % change on previous year | +60.7% |
| 1954 | 9.59 % change on previous year | -285.3% |
| 1955 | 8.75 % change on previous year | -8.8% |
| 1956 | 2.73 % change on previous year | -68.7% |
| 1957 | -1.04 % change on previous year | -138.2% |
| 1958 | 6.62 % change on previous year | -734.4% |
| 1959 | 1.51 % change on previous year | -77.2% |
| 1960 | 2.15 % change on previous year | +42.4% |
| 1961 | 6.43 % change on previous year | +198.7% |
| 1962 | 0.3071 % change on previous year | -95.2% |
| 1963 | 5.3 % change on previous year | +1626.6% |
| 1964 | 3.39 % change on previous year | -36.0% |
| 1965 | 6.15 % change on previous year | +81.2% |
| 1966 | 0.3696 % change on previous year | -94.0% |
| 1967 | 7.92 % change on previous year | +2042.9% |
| 1968 | 3.17 % change on previous year | -60.0% |
| 1969 | 5.34 % change on previous year | +68.4% |
| 1970 | 7.96 % change on previous year | +49.2% |
| 1971 | 5.76 % change on previous year | -27.7% |
| 1972 | 6.63 % change on previous year | +15.1% |
| 1973 | 5.16 % change on previous year | -22.1% |
| 1974 | 6.12 % change on previous year | +18.6% |
| 1975 | 4.73 % change on previous year | -22.7% |
| 1976 | 7.36 % change on previous year | +55.4% |
| 1977 | 12.14 % change on previous year | +65.0% |
| 1978 | 10.29 % change on previous year | -15.3% |
| 1979 | 6.6 % change on previous year | -35.8% |
| 1980 | 12.36 % change on previous year | +87.3% |
| 1981 | 11.1 % change on previous year | -10.2% |
| 1982 | 0.1305 % change on previous year | -98.8% |
| 1983 | -1.02 % change on previous year | -883.8% |
| 1984 | 2.37 % change on previous year | -331.2% |
| 1985 | 3.33 % change on previous year | +40.9% |
| 1986 | -1.75 % change on previous year | -152.6% |
| 1987 | 5.32 % change on previous year | -403.5% |
| 1988 | 7.2 % change on previous year | +35.4% |
| 1989 | 4.81 % change on previous year | -33.2% |
| 1990 | 10.38 % change on previous year | +115.7% |
| 1991 | 2.9 % change on previous year | -72.1% |
| 1992 | 3.2 % change on previous year | +10.5% |
| 1993 | 5.23 % change on previous year | +63.4% |
| 1994 | 5.75 % change on previous year | +9.9% |
| 1995 | 4.9 % change on previous year | -14.8% |
| 1996 | 2.08 % change on previous year | -57.6% |
| 1997 | 2.94 % change on previous year | +41.6% |
| 1998 | 3.85 % change on previous year | +31.0% |
| 1999 | -4.26 % change on previous year | -210.7% |
| 2000 | -3.09 % change on previous year | -27.5% |
| 2001 | 5.66 % change on previous year | -283.2% |
| 2002 | 30.35 % change on previous year | +436.3% |
| 2003 | 5.19 % change on previous year | -82.9% |
| 2004 | 4.97 % change on previous year | -4.2% |
| 2005 | 2.65 % change on previous year | -46.8% |
| 2006 | 6.74 % change on previous year | +154.9% |
| 2007 | 6.63 % change on previous year | -1.7% |
| 2008 | 7.57 % change on previous year | +14.3% |
| 2009 | 7.58 % change on previous year | +0.1% |
| 2010 | 15.77 % change on previous year | +108.0% |
| 2011 | 11.11 % change on previous year | -29.5% |
| 2012 | -0.2667 % change on previous year | -102.4% |
| 2013 | 5.06 % change on previous year | -1997.8% |
| 2014 | 4.5 % change on previous year | -11.0% |
| 2015 | -0.3549 % change on previous year | -107.9% |
| 2016 | 4.66 % change on previous year | -1414.3% |
| 2017 | 4.15 % change on previous year | -10.9% |
| 2018 | -1.11 % change on previous year | -126.8% |
| 2019 | 3.51 % change on previous year | -415.3% |
| 2020 | -1.11 % change on previous year | -131.6% |
| 2021 | 1.69 % change on previous year | -252.5% |
| 2022 | -0.2834 % change on previous year | -116.8% |
| 2023 | 3.78 % change on previous year | -1433.9% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate 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 |
|---|---|---|---|
| 1967 | +2042.9% | 0.3696 % change on previous year | 7.92 % change on previous year |
| 2013 | +1997.8% | -0.2667 % change on previous year | 5.06 % change on previous year |
| 1963 | +1626.6% | 0.3071 % change on previous year | 5.3 % change on previous year |
| 2023 | +1433.9% | -0.2834 % change on previous year | 3.78 % change on previous year |
| 2016 | +1414.3% | -0.3549 % change on previous year | 4.66 % change on previous year |
| 1983 | -883.8% | 0.1305 % change on previous year | -1.02 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 2.47 % change on previous year | -5.18 % change on previous year | 9.59 % change on previous year | 8 |
| 1960s | 4.05 % change on previous year | 0.3071 % change on previous year | 7.92 % change on previous year | 10 |
| 1970s | 7.28 % change on previous year | 4.73 % change on previous year | 12.14 % change on previous year | 10 |
| 1980s | 4.39 % change on previous year | -1.75 % change on previous year | 12.36 % change on previous year | 10 |
| 1990s | 3.7 % change on previous year | -4.26 % change on previous year | 10.38 % change on previous year | 10 |
| 2000s | 7.42 % change on previous year | -3.09 % change on previous year | 30.35 % change on previous year | 10 |
| 2010s | 4.7 % change on previous year | -1.11 % change on previous year | 15.77 % change on previous year | 10 |
| 2020s | 1.02 % change on previous year | -1.11 % change on previous year | 3.78 % change on previous year | 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)
- 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), annual growth rate in Paraguay?
- Gross domestic product (gdp), annual growth rate in Paraguay was 3.78 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Paraguay?
- The highest recorded value was 30.35 % change on previous year in 2002.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Paraguay?
- The lowest recorded value was -5.18 % change on previous year in 1953.
- How does Paraguay rank for gross domestic product (gdp), annual growth rate?
- Paraguay ranks 64th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Paraguay?
- Over the last ten years it is down 25.3%. The long-run trend across the full record is volatile.
- Where does this Paraguay data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 72 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.