Gross Domestic Product, GDP in millions constant 2021 international $ in Paraguay
Paraguay: Gross Domestic Product, GDP in millions constant 2021 international $ was 126,528 in 2027. ▲ Rising
Gross Domestic Product, GDP in millions constant 2021 international $ in Paraguay, 1991–2027
Source: International Labour Organization.
Analysis
In 2027, gross domestic product, gdp in millions constant 2021 international $ in Paraguay stood at 126,528. That is the highest value across all 37 years on record.
That represents a change of up 3.5% on the previous year and up 30.3% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Paraguay peaked at 126,528 in 2027 and was at its lowest, 41,611, in 1991.
That places Paraguay 94th out of 188 countries with data for 2027, putting it in the middle of the range.
The long-run direction has been consistently rising across the 37 years of available data.
Gross Domestic Product, GDP in millions constant 2021 international $ in Paraguay, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 41,611 | — |
| 1992 | 42,317 | +1.7% |
| 1993 | 44,406 | +4.9% |
| 1994 | 46,767 | +5.3% |
| 1995 | 49,958 | +6.8% |
| 1996 | 50,744 | +1.6% |
| 1997 | 52,897 | +4.2% |
| 1998 | 52,933 | +0.1% |
| 1999 | 52,210 | -1.4% |
| 2000 | 51,002 | -2.3% |
| 2001 | 50,576 | -0.8% |
| 2002 | 50,565 | -0.0% |
| 2003 | 52,750 | +4.3% |
| 2004 | 54,890 | +4.1% |
| 2005 | 56,062 | +2.1% |
| 2006 | 58,756 | +4.8% |
| 2007 | 61,942 | +5.4% |
| 2008 | 65,966 | +6.5% |
| 2009 | 65,794 | -0.3% |
| 2010 | 73,094 | +11.1% |
| 2011 | 76,227 | +4.3% |
| 2012 | 75,687 | -0.7% |
| 2013 | 81,964 | +8.3% |
| 2014 | 86,309 | +5.3% |
| 2015 | 88,861 | +3.0% |
| 2016 | 92,654 | +4.3% |
| 2017 | 97,110 | +4.8% |
| 2018 | 100,222 | +3.2% |
| 2019 | 99,819 | -0.4% |
| 2020 | 99,001 | -0.8% |
| 2021 | 102,978 | +4.0% |
| 2022 | 103,159 | +0.2% |
| 2023 | 108,316 | +5.0% |
| 2024 | 112,919 | +4.2% |
| 2025 | 117,888 | +4.4% |
| 2026 | 122,250 | +3.7% |
| 2027 | 126,528 | +3.5% |
Paraguay compared with similar countries
- Paraguay's 126,528 is below the median for upper middle income countries, which is 133,081, 95% of the median. (53 countries reporting)
- Paraguay's 126,528 is above the median for Latin America & Caribbean, which is 125,506, 1.0× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 48,205 | 41,611 | 52,933 | 9 |
| 2000s | 56,830 | 50,565 | 65,966 | 10 |
| 2010s | 87,195 | 73,094 | 100,222 | 10 |
| 2020s | 111,630 | 99,001 | 126,528 | 8 |
Countries ranked near Paraguay
- 91 Puerto Rico 141,475 compare
- 92 Cambodia 140,876 compare
- 93 Turkmenistan 133,081 compare
- 95 Bolivia, Plurinational State of 125,506 compare
- 96 Jordan 119,718 compare
- 97 Uruguay 116,468 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 millions constant 2021 international $ in Paraguay?
- Gross domestic product, gdp in millions constant 2021 international $ in Paraguay was 126,528 in 2027, according to International Labour Organization.
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Paraguay?
- The highest recorded value was 126,528 in 2027.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Paraguay?
- The lowest recorded value was 41,611 in 1991.
- How does Paraguay rank for gross domestic product, gdp in millions constant 2021 international $?
- Paraguay ranks 94th out of 188 countries with data for 2027.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Paraguay?
- Over the last ten years it is up 30.3%. The long-run trend across the full record is rising.
- Where does this Paraguay data come from?
- The figures come from International Labour Organization, published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Statizoid updates them automatically from the source API.
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About this data
Gross Domestic Product (GDP), Purchasing Power Parity (millions of PPP, constant 2021 international dollars) is a measure to assess the total economic output of a country, adjusted for differences in the purchasing power of the different currencies relative to the US dollar. It is derived from the World Development Indicators of the World Bank. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.