Taxes on income vs. taxes on goods and services in Paraguay
Paraguay: Taxes on income vs. taxes on goods and services was 6.4% in 2023. ▲ Rising
Taxes on income vs. taxes on goods and services in Paraguay, 1987–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for taxes on income vs. taxes on goods and services in Paraguay is 6.4%, measured in 2023.
That represents a change of up 5.1% on the previous year and up 6.5% over ten years.
Over the whole period, taxes on income vs. taxes on goods and services in Paraguay peaked at 6.6% in 2014 and was at its lowest, 2.5%, in 1989.
Paraguay ranks 108th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 37 years of available data.
Taxes on income vs. taxes on goods and services in Paraguay, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1987 | 2.7% | — |
| 1988 | 2.6% | -2.7% |
| 1989 | 2.5% | -4.7% |
| 1990 | 3.7% | +45.8% |
| 1991 | 3.1% | -16.1% |
| 1992 | 3.2% | +4.7% |
| 1993 | 5.3% | +64.4% |
| 1994 | 5.2% | -2.5% |
| 1995 | 5.5% | +7.6% |
| 1996 | 5.4% | -2.2% |
| 1997 | 5.7% | +4.1% |
| 1998 | 5.4% | -4.1% |
| 1999 | 4.9% | -9.1% |
| 2000 | 5.2% | +4.6% |
| 2001 | 5.1% | -0.9% |
| 2002 | 4.4% | -14.8% |
| 2003 | 4.6% | +5.9% |
| 2004 | 5.1% | +11.3% |
| 2005 | 5.2% | +0.7% |
| 2006 | 5.2% | +0.4% |
| 2007 | 5.4% | +3.7% |
| 2008 | 5.5% | +2.3% |
| 2009 | 5.4% | -2.6% |
| 2010 | 6.0% | +11.2% |
| 2011 | 6.2% | +4.5% |
| 2012 | 6.3% | +0.7% |
| 2013 | 6.0% | -3.7% |
| 2014 | 6.6% | +8.9% |
| 2015 | 6.6% | -0.2% |
| 2016 | 6.4% | -2.6% |
| 2017 | 6.4% | +0.9% |
| 2018 | 6.5% | +1.1% |
| 2019 | 6.2% | -4.5% |
| 2020 | 6.0% | -3.0% |
| 2021 | 6.1% | +1.9% |
| 2022 | 6.1% | -0.5% |
| 2023 | 6.4% | +5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.6% | 2.5% | 2.7% | 3 |
| 1990s | 4.7% | 3.1% | 5.7% | 10 |
| 2000s | 5.1% | 4.4% | 5.5% | 10 |
| 2010s | 6.3% | 6.0% | 6.6% | 10 |
| 2020s | 6.2% | 6.0% | 6.4% | 4 |
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 taxes on income vs. taxes on goods and services in Paraguay?
- Taxes on income vs. taxes on goods and services in Paraguay was 6.4% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on income vs. taxes on goods and services recorded in Paraguay?
- The highest recorded value was 6.6% in 2014.
- What is the lowest taxes on income vs. taxes on goods and services recorded in Paraguay?
- The lowest recorded value was 2.5% in 1989.
- How does Paraguay rank for taxes on income vs. taxes on goods and services?
- Paraguay ranks 108th out of 187 countries with data for 2023.
- Is taxes on income vs. taxes on goods and services rising or falling in Paraguay?
- Over the last ten years it is up 6.5%. The long-run trend across the full record is rising.
- Where does this Paraguay data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on income vs. taxes on goods and services. Statizoid updates them automatically from the source API.
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About this data
Total taxes on income (individual and corporate) vs. total taxes on goods and services (including VAT and sales taxes), as a share of GDP.