Travel services in Paraguay
Paraguay: Travel services was 23.0% in 2025. ▲ Rising
Travel 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
In 2025, travel services in Paraguay stood at 23.0%.
That represents a change of down 6.7% on the previous year and down 45.4% over ten years.
Over the whole period, travel services in Paraguay peaked at 43.9% in 2016 and was at its lowest, 11.5%, in 2021.
Paraguay ranks 75th of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 51 years of available data.
Travel services in Paraguay, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1975 | 21.4% | — |
| 1976 | 22.3% | +4.2% |
| 1977 | 22.9% | +2.5% |
| 1978 | 20.5% | -10.4% |
| 1979 | 20.4% | -0.7% |
| 1980 | 21.0% | +2.9% |
| 1981 | 18.6% | -11.1% |
| 1982 | 16.9% | -9.3% |
| 1983 | 28.0% | +65.8% |
| 1984 | 20.9% | -25.4% |
| 1985 | 25.8% | +23.6% |
| 1986 | 21.3% | -17.4% |
| 1987 | 20.0% | -6.4% |
| 1988 | 19.6% | -2.0% |
| 1989 | 24.7% | +26.2% |
| 1990 | 16.4% | -33.5% |
| 1991 | 16.2% | -1.6% |
| 1992 | 16.6% | +2.7% |
| 1993 | 15.5% | -6.6% |
| 1994 | 18.9% | +22.1% |
| 1995 | 18.8% | -0.9% |
| 1996 | 21.0% | +12.2% |
| 1997 | 21.3% | +1.1% |
| 1998 | 24.7% | +16.4% |
| 1999 | 22.1% | -10.7% |
| 2000 | 19.2% | -13.3% |
| 2001 | 18.4% | -3.7% |
| 2002 | 18.2% | -1.0% |
| 2003 | 20.3% | +11.3% |
| 2004 | 23.4% | +15.4% |
| 2005 | 22.8% | -2.5% |
| 2006 | 24.0% | +5.0% |
| 2007 | 23.4% | -2.2% |
| 2008 | 36.0% | +53.6% |
| 2009 | 38.4% | +6.7% |
| 2010 | 41.0% | +6.7% |
| 2011 | 38.4% | -6.3% |
| 2012 | 41.1% | +7.1% |
| 2013 | 40.7% | -1.1% |
| 2014 | 41.5% | +1.9% |
| 2015 | 42.2% | +1.6% |
| 2016 | 43.9% | +4.0% |
| 2017 | 42.2% | -3.8% |
| 2018 | 40.2% | -4.8% |
| 2019 | 40.0% | -0.5% |
| 2020 | 16.9% | -57.7% |
| 2021 | 11.5% | -32.2% |
| 2022 | 28.4% | +147.5% |
| 2023 | 34.5% | +21.6% |
| 2024 | 24.7% | -28.5% |
| 2025 | 23.0% | -6.7% |
Paraguay compared with similar countries
- Paraguay's 23.0% is above the median for upper middle income countries, which is 22.9%, 1.0× the median. (55 countries reporting)
- Paraguay's 23.0% is above the median for Latin America & Caribbean, which is 19.1%, 1.2× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Travel services 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 |
|---|---|---|---|
| 2022 | +147.5% | 11.5% | 28.4% |
| 1983 | +65.8% | 16.9% | 28.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.5% | 20.4% | 22.9% | 5 |
| 1980s | 21.7% | 16.9% | 28.0% | 10 |
| 1990s | 19.2% | 15.5% | 24.7% | 10 |
| 2000s | 24.4% | 18.2% | 38.4% | 10 |
| 2010s | 41.1% | 38.4% | 43.9% | 10 |
| 2020s | 23.2% | 11.5% | 34.5% | 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 travel services in Paraguay?
- Travel services in Paraguay was 23.0% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Paraguay?
- The highest recorded value was 43.9% in 2016.
- What is the lowest travel services recorded in Paraguay?
- The lowest recorded value was 11.5% in 2021.
- How does Paraguay rank for travel services?
- Paraguay ranks 75th out of 198 countries with data for 2025.
- Is travel services rising or falling in Paraguay?
- Over the last ten years it is down 45.4%. The long-run trend across the full record is rising.
- 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 Travel services (% of service imports, BoP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.