Gross Domestic Product — Value US$ in Paraguay
Paraguay: Gross Domestic Product — Value US$ was 44,290 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Paraguay, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$ in Paraguay stood at 44,290 million USD. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.1% on the previous year and up 9.7% over ten years.
Over the whole period, gross domestic product — value us$ in Paraguay peaked at 44,290 million USD in 2024 and was at its lowest, 680.2 million USD, in 1970.
Paraguay ranks 96th 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$ in Paraguay, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 680.2 million USD | — |
| 1971 | 760.23 million USD | +11.8% |
| 1972 | 879.73 million USD | +15.7% |
| 1973 | 1,139 million USD | +29.5% |
| 1974 | 1,525 million USD | +33.9% |
| 1975 | 1,729 million USD | +13.3% |
| 1976 | 1,944 million USD | +12.4% |
| 1977 | 2,393 million USD | +23.1% |
| 1978 | 2,928 million USD | +22.4% |
| 1979 | 3,909 million USD | +33.5% |
| 1980 | 5,088 million USD | +30.2% |
| 1981 | 6,434 million USD | +26.4% |
| 1982 | 6,691 million USD | +4.0% |
| 1983 | 7,428 million USD | +11.0% |
| 1984 | 6,092 million USD | -18.0% |
| 1985 | 5,200 million USD | -14.7% |
| 1986 | 6,185 million USD | +19.0% |
| 1987 | 5,186 million USD | -16.1% |
| 1988 | 6,903 million USD | +33.1% |
| 1989 | 4,991 million USD | -27.7% |
| 1990 | 6,022 million USD | +20.7% |
| 1991 | 7,148 million USD | +18.7% |
| 1992 | 7,374 million USD | +3.2% |
| 1993 | 7,864 million USD | +6.6% |
| 1994 | 8,985 million USD | +14.2% |
| 1995 | 10,440 million USD | +16.2% |
| 1996 | 11,330 million USD | +8.5% |
| 1997 | 11,484 million USD | +1.4% |
| 1998 | 10,246 million USD | -10.8% |
| 1999 | 9,450 million USD | -7.8% |
| 2000 | 9,184 million USD | -2.8% |
| 2001 | 8,343 million USD | -9.2% |
| 2002 | 8,187 million USD | -1.9% |
| 2003 | 8,528 million USD | +4.2% |
| 2004 | 10,399 million USD | +21.9% |
| 2005 | 11,306 million USD | +8.7% |
| 2006 | 13,782 million USD | +21.9% |
| 2007 | 17,856 million USD | +29.6% |
| 2008 | 24,615 million USD | +37.9% |
| 2009 | 22,355 million USD | -9.2% |
| 2010 | 27,129 million USD | +21.4% |
| 2011 | 33,737 million USD | +24.4% |
| 2012 | 33,296 million USD | -1.3% |
| 2013 | 38,651 million USD | +16.1% |
| 2014 | 40,378 million USD | +4.5% |
| 2015 | 36,211 million USD | -10.3% |
| 2016 | 36,090 million USD | -0.3% |
| 2017 | 38,997 million USD | +8.1% |
| 2018 | 40,225 million USD | +3.1% |
| 2019 | 37,925 million USD | -5.7% |
| 2020 | 35,432 million USD | -6.6% |
| 2021 | 39,951 million USD | +12.8% |
| 2022 | 41,953 million USD | +5.0% |
| 2023 | 42,955 million USD | +2.4% |
| 2024 | 44,290 million USD | +3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,789 million USD | 680.2 million USD | 3,909 million USD | 10 |
| 1980s | 6,020 million USD | 4,991 million USD | 7,428 million USD | 10 |
| 1990s | 9,034 million USD | 6,022 million USD | 11,484 million USD | 10 |
| 2000s | 13,456 million USD | 8,187 million USD | 24,615 million USD | 10 |
| 2010s | 36,264 million USD | 27,129 million USD | 40,378 million USD | 10 |
| 2020s | 40,916 million USD | 35,432 million USD | 44,290 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)
- GNI (current LCU), annual growth rate 9.95 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 7,250 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 50.94 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual -9.78 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual -9.57 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 9.41 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0796 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 559.59 current US$ per person (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Paraguay?
- Gross domestic product — value us$ in Paraguay was 44,290 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Paraguay?
- The highest recorded value was 44,290 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Paraguay?
- The lowest recorded value was 680.2 million USD in 1970.
- How does Paraguay rank for gross domestic product — value us$?
- Paraguay ranks 96th out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Paraguay?
- Over the last ten years it is up 9.7%. 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$. Statizoid updates them automatically from the source API.
Download this data
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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).