Gross Domestic Product … Standard Local Currency annual growth rate in Paraguay
Paraguay: Gross Domestic Product … Standard Local Currency annual growth rate was 4.25 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Paraguay, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Paraguay stood at 4.25 % change on previous year.
The figure is down 9.8% on the previous year and down 19.8% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Paraguay peaked at 15.03 % change on previous year in 2002 and was at its lowest, -3.33 % change on previous year, in 2000.
That places Paraguay 59th out of 223 countries with data for 2024, 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 … Standard Local Currency annual growth rate in Paraguay, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 5.7 % change on previous year | — |
| 1972 | 6.7 % change on previous year | +17.5% |
| 1973 | 7.5 % change on previous year | +11.9% |
| 1974 | 8.5 % change on previous year | +13.3% |
| 1975 | 7.2 % change on previous year | -15.3% |
| 1976 | 7.25 % change on previous year | +0.7% |
| 1977 | 10.93 % change on previous year | +50.7% |
| 1978 | 11.35 % change on previous year | +3.8% |
| 1979 | 11.36 % change on previous year | +0.1% |
| 1980 | 11.44 % change on previous year | +0.7% |
| 1981 | 8.72 % change on previous year | -23.8% |
| 1982 | -0.9835 % change on previous year | -111.3% |
| 1983 | -3 % change on previous year | +205.0% |
| 1984 | 3.07 % change on previous year | -202.5% |
| 1985 | 3.97 % change on previous year | +29.1% |
| 1986 | 0.0085 % change on previous year | -99.8% |
| 1987 | 4.33 % change on previous year | +50675.6% |
| 1988 | 6.36 % change on previous year | +46.9% |
| 1989 | 5.8 % change on previous year | -8.8% |
| 1990 | 3.09 % change on previous year | -46.7% |
| 1991 | 2.47 % change on previous year | -20.2% |
| 1992 | 1.8 % change on previous year | -27.1% |
| 1993 | 4.14 % change on previous year | +130.1% |
| 1994 | 3.09 % change on previous year | -25.3% |
| 1995 | 5.44 % change on previous year | +75.8% |
| 1996 | 0.416 % change on previous year | -92.4% |
| 1997 | 2.99 % change on previous year | +617.8% |
| 1998 | 0.5896 % change on previous year | -80.3% |
| 1999 | -1.5 % change on previous year | -353.8% |
| 2000 | -3.33 % change on previous year | +122.2% |
| 2001 | 2.05 % change on previous year | -161.7% |
| 2002 | 15.03 % change on previous year | +633.0% |
| 2003 | 4.32 % change on previous year | -71.3% |
| 2004 | 4.06 % change on previous year | -6.1% |
| 2005 | 2.13 % change on previous year | -47.4% |
| 2006 | 4.81 % change on previous year | +125.3% |
| 2007 | 5.42 % change on previous year | +12.8% |
| 2008 | 6.5 % change on previous year | +19.8% |
| 2009 | -0.2616 % change on previous year | -104.0% |
| 2010 | 11.1 % change on previous year | -4341.7% |
| 2011 | 4.29 % change on previous year | -61.4% |
| 2012 | -0.7076 % change on previous year | -116.5% |
| 2013 | 8.29 % change on previous year | -1272.0% |
| 2014 | 5.3 % change on previous year | -36.1% |
| 2015 | 2.96 % change on previous year | -44.2% |
| 2016 | 4.27 % change on previous year | +44.4% |
| 2017 | 4.81 % change on previous year | +12.7% |
| 2018 | 3.2 % change on previous year | -33.4% |
| 2019 | -0.4017 % change on previous year | -112.5% |
| 2020 | -0.82 % change on previous year | +104.1% |
| 2021 | 4.02 % change on previous year | -589.9% |
| 2022 | 0.1763 % change on previous year | -95.6% |
| 2023 | 4.71 % change on previous year | +2574.2% |
| 2024 | 4.25 % change on previous year | -9.8% |
Paraguay compared with similar countries
- Paraguay's 4.25 % change on previous year is above the median for upper middle income countries, which is 3.3 % change on previous year, 1.3× the median. (54 countries reporting)
- Paraguay's 4.25 % change on previous year is above the median for Latin America & Caribbean, which is 3.36 % change on previous year, 1.3× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product … Standard Local Currency 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 |
|---|---|---|---|
| 1987 | +50675.6% | 0.0085 % change on previous year | 4.33 % change on previous year |
| 2010 | +4341.7% | -0.2616 % change on previous year | 11.1 % change on previous year |
| 2023 | +2574.2% | 0.1763 % change on previous year | 4.71 % change on previous year |
| 2013 | +1272.0% | -0.7076 % change on previous year | 8.29 % change on previous year |
| 2002 | +633.0% | 2.05 % change on previous year | 15.03 % change on previous year |
| 1997 | +617.8% | 0.416 % change on previous year | 2.99 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.5 % change on previous year | 5.7 % change on previous year | 11.36 % change on previous year | 9 |
| 1980s | 3.97 % change on previous year | -3 % change on previous year | 11.44 % change on previous year | 10 |
| 1990s | 2.25 % change on previous year | -1.5 % change on previous year | 5.44 % change on previous year | 10 |
| 2000s | 4.07 % change on previous year | -3.33 % change on previous year | 15.03 % change on previous year | 10 |
| 2010s | 4.31 % change on previous year | -0.7076 % change on previous year | 11.1 % change on previous year | 10 |
| 2020s | 2.47 % change on previous year | -0.82 % change on previous year | 4.71 % change on previous year | 5 |
Countries ranked near Paraguay
- 56 Costa Rica 4.32 % change on previous year compare
- 57 Laos 4.26 % change on previous year compare
- 57 Lao People's Democratic Republic 4.26 % change on previous year compare
- 60 Bangladesh 4.22 % change on previous year compare
- 61 Brunei 4.2 % change on previous year compare
- 61 Brunei Darussalam 4.2 % change on previous year compare
More economy & growth data for Paraguay
- Real gdp growth, annual growth rate -11.67 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 157.03 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0069 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 48.35 units per person (2025)
- SDRs holdings, SDR, annual growth rate 144.76 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.005 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 35.31 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Paraguay?
- Gross domestic product — value standard local currency, 2015 prices in Paraguay was 4.25 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Paraguay?
- The highest recorded value was 15.03 % change on previous year in 2002.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Paraguay?
- The lowest recorded value was -3.33 % change on previous year in 2000.
- How does Paraguay rank for gross domestic product — value standard local currency, 2015 prices?
- Paraguay ranks 59th out of 223 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Paraguay?
- Over the last ten years it is down 19.8%. 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 — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.