Gross Domestic Product — Value US$, 2015 prices in Paraguay
Paraguay: Gross Domestic Product — Value US$, 2015 prices was 45,890 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices in Paraguay, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Paraguay recorded 45,890 million USD for gross domestic product — value us$, 2015 prices in 2024. That is the highest value across all 55 years on record.
That represents a change of up 4.2% on the previous year and up 30.5% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Paraguay peaked at 45,890 million USD in 2024 and was at its lowest, 4,779 million USD, in 1970.
Paraguay ranks 90th of 203 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices in Paraguay, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 4,779 million USD | — |
| 1971 | 5,051 million USD | +5.7% |
| 1972 | 5,390 million USD | +6.7% |
| 1973 | 5,794 million USD | +7.5% |
| 1974 | 6,287 million USD | +8.5% |
| 1975 | 6,739 million USD | +7.2% |
| 1976 | 7,228 million USD | +7.3% |
| 1977 | 8,018 million USD | +10.9% |
| 1978 | 8,928 million USD | +11.4% |
| 1979 | 9,942 million USD | +11.4% |
| 1980 | 11,080 million USD | +11.4% |
| 1981 | 12,046 million USD | +8.7% |
| 1982 | 11,927 million USD | -1.0% |
| 1983 | 11,569 million USD | -3.0% |
| 1984 | 11,925 million USD | +3.1% |
| 1985 | 12,398 million USD | +4.0% |
| 1986 | 12,399 million USD | +0.0% |
| 1987 | 12,936 million USD | +4.3% |
| 1988 | 13,758 million USD | +6.4% |
| 1989 | 14,556 million USD | +5.8% |
| 1990 | 15,006 million USD | +3.1% |
| 1991 | 15,377 million USD | +2.5% |
| 1992 | 15,653 million USD | +1.8% |
| 1993 | 16,302 million USD | +4.1% |
| 1994 | 16,806 million USD | +3.1% |
| 1995 | 17,720 million USD | +5.4% |
| 1996 | 17,794 million USD | +0.4% |
| 1997 | 18,325 million USD | +3.0% |
| 1998 | 18,433 million USD | +0.6% |
| 1999 | 18,157 million USD | -1.5% |
| 2000 | 17,554 million USD | -3.3% |
| 2001 | 17,914 million USD | +2.1% |
| 2002 | 20,606 million USD | +15.0% |
| 2003 | 21,496 million USD | +4.3% |
| 2004 | 22,368 million USD | +4.1% |
| 2005 | 22,845 million USD | +2.1% |
| 2006 | 23,944 million USD | +4.8% |
| 2007 | 25,242 million USD | +5.4% |
| 2008 | 26,882 million USD | +6.5% |
| 2009 | 26,811 million USD | -0.3% |
| 2010 | 29,786 million USD | +11.1% |
| 2011 | 31,063 million USD | +4.3% |
| 2012 | 30,843 million USD | -0.7% |
| 2013 | 33,401 million USD | +8.3% |
| 2014 | 35,171 million USD | +5.3% |
| 2015 | 36,211 million USD | +3.0% |
| 2016 | 37,757 million USD | +4.3% |
| 2017 | 39,573 million USD | +4.8% |
| 2018 | 40,841 million USD | +3.2% |
| 2019 | 40,677 million USD | -0.4% |
| 2020 | 40,344 million USD | -0.8% |
| 2021 | 41,964 million USD | +4.0% |
| 2022 | 42,038 million USD | +0.2% |
| 2023 | 44,020 million USD | +4.7% |
| 2024 | 45,890 million USD | +4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6,816 million USD | 4,779 million USD | 9,942 million USD | 10 |
| 1980s | 12,459 million USD | 11,080 million USD | 14,556 million USD | 10 |
| 1990s | 16,957 million USD | 15,006 million USD | 18,433 million USD | 10 |
| 2000s | 22,566 million USD | 17,554 million USD | 26,882 million USD | 10 |
| 2010s | 35,532 million USD | 29,786 million USD | 40,841 million USD | 10 |
| 2020s | 42,851 million USD | 40,344 million USD | 45,890 million USD | 5 |
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)
- Gross value added at basic prices (GVA) (current US$), annual growth 10.21 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9204 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 6,467 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 6,945 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 48.80 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 6.78 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.9213 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Paraguay?
- Gross domestic product — value us$, 2015 prices in Paraguay was 45,890 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Paraguay?
- The highest recorded value was 45,890 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Paraguay?
- The lowest recorded value was 4,779 million USD in 1970.
- How does Paraguay rank for gross domestic product — value us$, 2015 prices?
- Paraguay ranks 90th out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Paraguay?
- Over the last ten years it is up 30.5%. The long-run trend across the full record is volatile.
- Where does this Paraguay data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).