Taxes on incomes of individuals and corporations as share of GDP in Paraguay
Paraguay: Taxes on incomes of individuals and corporations as share of GDP was 2.6% in 2023. ▲ Rising
Latest (2023)
2.6%
Change on year
down 12.7%
World rank
165th
of 184 countries
All-time high
3.0%
in 2022
All-time low
1.0%
in 1991
Years of data
37
1987–2023
Taxes on incomes of individuals and corporations as share of GDP in Paraguay, 1987–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
Paraguay recorded 2.6% for taxes on incomes of individuals and corporations as share of gdp in 2023.
Compared with earlier readings it is down 12.7% on the previous year and up 40.1% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Paraguay peaked at 3.0% in 2022 and was at its lowest, 1.0%, in 1991.
That places Paraguay 165th out of 184 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 37 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Paraguay, year by year
| Year | % | Change |
|---|---|---|
| 1987 | 1.5% | — |
| 1988 | 1.4% | -10.2% |
| 1989 | 1.3% | -0.9% |
| 1990 | 1.2% | -8.6% |
| 1991 | 1.0% | -16.8% |
| 1992 | 1.2% | +21.1% |
| 1993 | 1.4% | +12.0% |
| 1994 | 2.0% | +44.3% |
| 1995 | 2.2% | +12.8% |
| 1996 | 2.2% | -2.5% |
| 1997 | 2.0% | -9.8% |
| 1998 | 1.9% | -5.1% |
| 1999 | 2.0% | +6.7% |
| 2000 | 1.5% | -22.5% |
| 2001 | 1.3% | -15.1% |
| 2002 | 1.4% | +8.1% |
| 2003 | 1.3% | -11.2% |
| 2004 | 1.5% | +21.2% |
| 2005 | 1.4% | -6.2% |
| 2006 | 1.3% | -11.7% |
| 2007 | 1.4% | +7.8% |
| 2008 | 1.5% | +7.1% |
| 2009 | 2.0% | +34.9% |
| 2010 | 1.6% | -17.8% |
| 2011 | 1.8% | +13.7% |
| 2012 | 2.0% | +6.9% |
| 2013 | 1.9% | -5.6% |
| 2014 | 2.0% | +9.8% |
| 2015 | 2.1% | +1.7% |
| 2016 | 2.2% | +3.8% |
| 2017 | 2.3% | +6.8% |
| 2018 | 2.3% | -1.0% |
| 2019 | 2.5% | +11.4% |
| 2020 | 2.5% | -2.0% |
| 2021 | 2.6% | +3.0% |
| 2022 | 3.0% | +16.6% |
| 2023 | 2.6% | -12.7% |
Paraguay compared with similar countries
- Paraguay's 2.6% is below the median for upper middle income countries, which is 5.7%, 45% of the median. (54 countries reporting)
- Paraguay's 2.6% is below the median for Latin America & Caribbean, which is 5.8%, 45% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.4% | 1.3% | 1.5% | 3 |
| 1990s | 1.7% | 1.0% | 2.2% | 10 |
| 2000s | 1.5% | 1.3% | 2.0% | 10 |
| 2010s | 2.1% | 1.6% | 2.5% | 10 |
| 2020s | 2.7% | 2.5% | 3.0% | 4 |
Countries ranked near Paraguay
- 162 Congo 2.7% compare
- 163 Côte d'Ivoire 2.7% compare
- 164 Afghanistan 2.6% compare
- 166 Bangladesh 2.4% compare
- 167 Lao People's Democratic Republic 2.2% compare
- 168 Benin 2.2% 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 taxes on incomes of individuals and corporations as share of gdp in Paraguay?
- Taxes on incomes of individuals and corporations as share of gdp in Paraguay was 2.6% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Paraguay?
- The highest recorded value was 3.0% in 2022.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Paraguay?
- The lowest recorded value was 1.0% in 1991.
- How does Paraguay rank for taxes on incomes of individuals and corporations as share of gdp?
- Paraguay ranks 165th out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Paraguay?
- Over the last ten years it is up 40.1%. 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 incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.