Total factor productivity in Paraguay
Paraguay: Total factor productivity was 0.967 in 2023. ▼ Falling
Total factor productivity in Paraguay, 1955–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
Analysis
The most recent figure for total factor productivity in Paraguay is 0.967, measured in 2023.
That represents a change of up 0.5% on the previous year and down 4.1% over ten years.
Over the whole period, total factor productivity in Paraguay peaked at 1.19 in 1980 and was at its lowest, 0.779, in 2001.
Paraguay ranks 93rd of 120 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 69 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 1.08 | 1.06 | 1.1 | 5 |
| 1960s | 1.03 | 0.9962 | 1.09 | 10 |
| 1970s | 1.09 | 1.03 | 1.17 | 10 |
| 1980s | 1.02 | 0.9306 | 1.19 | 10 |
| 1990s | 0.8653 | 0.8071 | 0.9303 | 10 |
| 2000s | 0.8932 | 0.779 | 0.9636 | 10 |
| 2010s | 1.03 | 0.9724 | 1.06 | 10 |
| 2020s | 0.9951 | 0.9621 | 1.05 | 4 |
Countries ranked near Paraguay
More economy & growth data for Paraguay
- External balance on goods and services as a percent of GDP -2.1% (2025)
- Inflation of consumer prices 4.0% (2025)
- GDP per capita 7,029 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 19.4% (2025)
- Gross domestic product (GDP) 49.29 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 7,029 constant 2015 US$ (2025)
- DEC alternative conversion factor 7,545 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 10.99 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 1.46 billion current US$ (2025)
- Taxes less subsidies on products 29.61 trillion current LCU (2025)
Frequently asked questions
- What is total factor productivity in Paraguay?
- Total factor productivity in Paraguay was 0.967 in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest total factor productivity recorded in Paraguay?
- The highest recorded value was 1.19 in 1980.
- What is the lowest total factor productivity recorded in Paraguay?
- The lowest recorded value was 0.779 in 2001.
- How does Paraguay rank for total factor productivity?
- Paraguay ranks 93rd out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Paraguay?
- Over the last ten years it is down 4.1%. The long-run trend across the full record is falling.
- Where does this Paraguay data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Total factor productivity. Statizoid updates them automatically from the source API.
Download this data
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About this data
This is the level of total factor productivity, relative to each country's value in 2021 (which is set to 1). This data is adjusted for inflation and differences in living costs between countries.