Gross Domestic Product — Value US$, annual growth rate in Paraguay
Paraguay: Gross Domestic Product — Value US$, annual growth rate was 3.11 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Paraguay, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value us$, annual growth rate in Paraguay stood at 3.11 % change on previous year.
The figure is up 30.1% on the previous year and down 30.4% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Paraguay peaked at 37.85 % change on previous year in 2008 and was at its lowest, -27.7 % change on previous year, in 1989.
Paraguay ranks 171st of 236 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in Paraguay, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 11.77 % change on previous year | — |
| 1972 | 15.72 % change on previous year | +33.6% |
| 1973 | 29.45 % change on previous year | +87.4% |
| 1974 | 33.95 % change on previous year | +15.3% |
| 1975 | 13.34 % change on previous year | -60.7% |
| 1976 | 12.41 % change on previous year | -7.0% |
| 1977 | 23.14 % change on previous year | +86.5% |
| 1978 | 22.36 % change on previous year | -3.4% |
| 1979 | 33.48 % change on previous year | +49.7% |
| 1980 | 30.18 % change on previous year | -9.8% |
| 1981 | 26.45 % change on previous year | -12.4% |
| 1982 | 4 % change on previous year | -84.9% |
| 1983 | 11 % change on previous year | +175.0% |
| 1984 | -17.98 % change on previous year | -263.4% |
| 1985 | -14.65 % change on previous year | -18.5% |
| 1986 | 18.95 % change on previous year | -229.4% |
| 1987 | -16.15 % change on previous year | -185.2% |
| 1988 | 33.11 % change on previous year | -305.0% |
| 1989 | -27.7 % change on previous year | -183.7% |
| 1990 | 20.66 % change on previous year | -174.6% |
| 1991 | 18.69 % change on previous year | -9.5% |
| 1992 | 3.16 % change on previous year | -83.1% |
| 1993 | 6.65 % change on previous year | +110.5% |
| 1994 | 14.25 % change on previous year | +114.3% |
| 1995 | 16.2 % change on previous year | +13.7% |
| 1996 | 8.53 % change on previous year | -47.4% |
| 1997 | 1.36 % change on previous year | -84.1% |
| 1998 | -10.78 % change on previous year | -895.1% |
| 1999 | -7.77 % change on previous year | -28.0% |
| 2000 | -2.81 % change on previous year | -63.8% |
| 2001 | -9.16 % change on previous year | +225.3% |
| 2002 | -1.87 % change on previous year | -79.6% |
| 2003 | 4.16 % change on previous year | -322.2% |
| 2004 | 21.94 % change on previous year | +427.9% |
| 2005 | 8.72 % change on previous year | -60.2% |
| 2006 | 21.89 % change on previous year | +150.9% |
| 2007 | 29.57 % change on previous year | +35.1% |
| 2008 | 37.85 % change on previous year | +28.0% |
| 2009 | -9.18 % change on previous year | -124.3% |
| 2010 | 21.36 % change on previous year | -332.6% |
| 2011 | 24.36 % change on previous year | +14.1% |
| 2012 | -1.31 % change on previous year | -105.4% |
| 2013 | 16.08 % change on previous year | -1331.5% |
| 2014 | 4.47 % change on previous year | -72.2% |
| 2015 | -10.32 % change on previous year | -331.0% |
| 2016 | -0.3364 % change on previous year | -96.7% |
| 2017 | 8.06 % change on previous year | -2495.2% |
| 2018 | 3.15 % change on previous year | -60.9% |
| 2019 | -5.72 % change on previous year | -281.5% |
| 2020 | -6.57 % change on previous year | +15.0% |
| 2021 | 12.75 % change on previous year | -294.0% |
| 2022 | 5.01 % change on previous year | -60.7% |
| 2023 | 2.39 % change on previous year | -52.3% |
| 2024 | 3.11 % change on previous year | +30.1% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in Paraguay changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +2495.2% | -0.3364 % change on previous year | 8.06 % change on previous year |
| 2013 | +1331.5% | -1.31 % change on previous year | 16.08 % change on previous year |
| 1998 | -895.1% | 1.36 % change on previous year | -10.78 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.73 % change on previous year | 11.77 % change on previous year | 33.95 % change on previous year | 9 |
| 1980s | 4.72 % change on previous year | -27.7 % change on previous year | 33.11 % change on previous year | 10 |
| 1990s | 7.09 % change on previous year | -10.78 % change on previous year | 20.66 % change on previous year | 10 |
| 2000s | 10.11 % change on previous year | -9.18 % change on previous year | 37.85 % change on previous year | 10 |
| 2010s | 5.98 % change on previous year | -10.32 % change on previous year | 24.36 % change on previous year | 10 |
| 2020s | 3.34 % change on previous year | -6.57 % change on previous year | 12.75 % change on previous year | 5 |
Countries ranked near Paraguay
- 168 Australia and New Zealand 3.22 % change on previous year compare
- 169 Dominican Republic 3.18 % change on previous year compare
- 170 Canada 3.12 % change on previous year compare
- 172 Vanuatu 3.1 % change on previous year compare
- 173 Belgium 3.09 % change on previous year compare
- 174 San Marino 3.08 % change on previous year compare
More economy & growth data for Paraguay
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.42 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate -3.22 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Paraguay?
- Gross domestic product — value us$, annual growth rate in Paraguay was 3.11 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Paraguay?
- The highest recorded value was 37.85 % change on previous year in 2008.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Paraguay?
- The lowest recorded value was -27.7 % change on previous year in 1989.
- How does Paraguay rank for gross domestic product — value us$, annual growth rate?
- Paraguay ranks 171st out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Paraguay?
- Over the last ten years it is down 30.4%. The long-run trend across the full record is volatile.
- Where does this Paraguay data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, 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 US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ 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 US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.