Insurance and financial services in Paraguay
Paraguay: Insurance and financial services was 6.2% in 2025. ▬ Flat
Insurance and financial services in Paraguay, 1975–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Paraguay recorded 6.2% for insurance and financial services in 2025.
That represents a change of down 1.9% on the previous year and down 24.4% over ten years.
Over the whole period, insurance and financial services in Paraguay peaked at 15.9% in 2005 and was at its lowest, 3.9%, in 2022.
That places Paraguay 97th out of 197 countries with data for 2025, putting it in the middle of the range.
Insurance and financial services in Paraguay, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1975 | 7.4% | — |
| 1976 | 6.6% | -11.6% |
| 1977 | 7.6% | +16.0% |
| 1978 | 7.7% | +1.5% |
| 1979 | 6.2% | -20.4% |
| 1980 | 7.9% | +27.8% |
| 1981 | 6.4% | -19.0% |
| 1982 | 4.2% | -33.6% |
| 1983 | 4.4% | +3.5% |
| 1984 | 5.0% | +14.1% |
| 1985 | 8.6% | +71.9% |
| 1986 | 9.6% | +12.2% |
| 1987 | 11.4% | +18.5% |
| 1988 | 10.5% | -7.8% |
| 1989 | 10.0% | -5.6% |
| 1990 | 9.5% | -4.9% |
| 1991 | 9.1% | -3.4% |
| 1992 | 5.9% | -35.7% |
| 1993 | 7.1% | +21.4% |
| 1994 | 10.5% | +47.6% |
| 1995 | 11.8% | +12.4% |
| 1996 | 13.1% | +11.0% |
| 1997 | 12.3% | -6.1% |
| 1998 | 13.0% | +5.2% |
| 1999 | 13.6% | +4.6% |
| 2000 | 13.5% | -0.8% |
| 2001 | 14.4% | +7.3% |
| 2002 | 15.1% | +4.8% |
| 2003 | 13.7% | -9.5% |
| 2004 | 14.7% | +7.6% |
| 2005 | 15.9% | +8.0% |
| 2006 | 13.0% | -18.7% |
| 2007 | 11.4% | -12.1% |
| 2008 | 8.2% | -27.7% |
| 2009 | 6.8% | -17.9% |
| 2010 | 7.7% | +13.9% |
| 2011 | 8.3% | +7.5% |
| 2012 | 7.7% | -6.8% |
| 2013 | 8.5% | +10.2% |
| 2014 | 8.3% | -2.7% |
| 2015 | 8.2% | -0.6% |
| 2016 | 7.3% | -11.9% |
| 2017 | 6.0% | -17.1% |
| 2018 | 6.9% | +14.8% |
| 2019 | 6.7% | -2.6% |
| 2020 | 9.4% | +40.1% |
| 2021 | 7.4% | -21.9% |
| 2022 | 3.9% | -47.0% |
| 2023 | 7.3% | +86.5% |
| 2024 | 6.3% | -12.9% |
| 2025 | 6.2% | -1.9% |
Paraguay compared with similar countries
- Paraguay's 6.2% is above the median for upper middle income countries, which is 6.2%, 1.0× the median. (55 countries reporting)
- Paraguay's 6.2% is below the median for Latin America & Caribbean, which is 10.1%, 62% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.1% | 6.2% | 7.7% | 5 |
| 1980s | 7.8% | 4.2% | 11.4% | 10 |
| 1990s | 10.6% | 5.9% | 13.6% | 10 |
| 2000s | 12.7% | 6.8% | 15.9% | 10 |
| 2010s | 7.6% | 6.0% | 8.5% | 10 |
| 2020s | 6.8% | 3.9% | 9.4% | 6 |
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)
- 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 insurance and financial services in Paraguay?
- Insurance and financial services in Paraguay was 6.2% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Paraguay?
- The highest recorded value was 15.9% in 2005.
- What is the lowest insurance and financial services recorded in Paraguay?
- The lowest recorded value was 3.9% in 2022.
- How does Paraguay rank for insurance and financial services?
- Paraguay ranks 97th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Paraguay?
- Over the last ten years it is down 24.4%. The long-run trend across the full record is flat.
- Where does this Paraguay data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of service imports, BoP). Statizoid updates them automatically from the source API.
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.