Real gdp growth in Paraguay
Paraguay: Real gdp growth was 4.67 in 2024. ◆ Volatile
Real gdp growth in Paraguay, 1980–2024
Source: Our World in Data.
Analysis
Paraguay recorded 4.67 for real gdp growth in 2024.
Compared with earlier readings it is down 11.7% on the previous year and down 11.9% over ten years.
Over the whole period, real gdp growth in Paraguay peaked at 11.71 in 1980 and was at its lowest, -3.04, in 1983.
Paraguay ranks 52nd of 196 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.
Real gdp growth in Paraguay, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 11.71 | — |
| 1981 | 9.17 | -21.7% |
| 1982 | -1.4 | -115.2% |
| 1983 | -3.04 | +117.7% |
| 1984 | 2.82 | -192.6% |
| 1985 | 3.87 | +37.5% |
| 1986 | 0.263 | -93.2% |
| 1987 | 4.07 | +1448.3% |
| 1988 | 5.88 | +44.4% |
| 1989 | 5.82 | -1.1% |
| 1990 | 4.12 | -29.2% |
| 1991 | 3.49 | -15.3% |
| 1992 | 1.7 | -51.4% |
| 1993 | 4.94 | +191.0% |
| 1994 | 5.32 | +7.7% |
| 1995 | 6.82 | +28.3% |
| 1996 | 1.57 | -76.9% |
| 1997 | 4.24 | +169.6% |
| 1998 | 0.068 | -98.4% |
| 1999 | -1.37 | -2108.8% |
| 2000 | -2.31 | +69.4% |
| 2001 | -0.834 | -64.0% |
| 2002 | -0.021 | -97.5% |
| 2003 | 4.32 | -20676.2% |
| 2004 | 4.06 | -6.1% |
| 2005 | 2.13 | -47.4% |
| 2006 | 4.81 | +125.4% |
| 2007 | 5.42 | +12.8% |
| 2008 | 6.5 | +19.8% |
| 2009 | -0.261 | -104.0% |
| 2010 | 11.1 | -4351.0% |
| 2011 | 4.29 | -61.4% |
| 2012 | -0.708 | -116.5% |
| 2013 | 8.29 | -1271.3% |
| 2014 | 5.3 | -36.1% |
| 2015 | 2.96 | -44.2% |
| 2016 | 4.27 | +44.3% |
| 2017 | 4.81 | +12.7% |
| 2018 | 3.2 | -33.4% |
| 2019 | -0.402 | -112.5% |
| 2020 | -0.82 | +104.0% |
| 2021 | 4 | -587.2% |
| 2022 | -0.028 | -100.7% |
| 2023 | 5.29 | -18978.6% |
| 2024 | 4.67 | -11.7% |
Paraguay compared with similar countries
- Paraguay's 4.67 is above the median for upper middle income countries, which is 3.49, 1.3× the median. (57 countries reporting)
- Paraguay's 4.67 is above the median for Latin America & Caribbean, which is 3.37, 1.4× the median. (34 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth 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 |
|---|---|---|---|
| 2003 | +20676.2% | -0.021 | 4.32 |
| 2023 | +18978.6% | -0.028 | 5.29 |
| 2010 | +4351.0% | -0.261 | 11.1 |
| 1999 | -2108.8% | 0.068 | -1.37 |
| 1987 | +1448.3% | 0.263 | 4.07 |
| 2013 | +1271.3% | -0.708 | 8.29 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.92 | -3.04 | 11.71 | 10 |
| 1990s | 3.09 | -1.37 | 6.82 | 10 |
| 2000s | 2.38 | -2.31 | 6.5 | 10 |
| 2010s | 4.31 | -0.708 | 11.1 | 10 |
| 2020s | 2.62 | -0.82 | 5.29 | 5 |
Countries ranked near Paraguay
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 real gdp growth in Paraguay?
- Real gdp growth in Paraguay was 4.67 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Paraguay?
- The highest recorded value was 11.71 in 1980.
- What is the lowest real gdp growth recorded in Paraguay?
- The lowest recorded value was -3.04 in 1983.
- How does Paraguay rank for real gdp growth?
- Paraguay ranks 52nd out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Paraguay?
- Over the last ten years it is down 11.9%. The long-run trend across the full record is volatile.
- Where does this Paraguay data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
Download this data
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