Volume of remittances (in United States dollars) as a proportion of in Paraguay
Paraguay: Volume of remittances (in United States dollars) as a proportion of was 2.6% in 2024. ▲ Rising
Volume of remittances (in United States dollars) as a proportion of in Paraguay, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Paraguay recorded 2.6% for volume of remittances (in united states dollars) as a proportion of in 2024. That is the highest value across all 25 years on record.
That represents a change of up 18.4% on the previous year and up 103.7% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Paraguay peaked at 2.6% in 2024 and was at its lowest, 1.3%, in 2014.
That places Paraguay 98th out of 203 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Paraguay, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 1.7% | — |
| 2001 | 1.6% | -3.8% |
| 2002 | 1.4% | -16.8% |
| 2003 | 1.4% | +3.8% |
| 2004 | 1.4% | -3.7% |
| 2005 | 1.5% | +9.5% |
| 2006 | 2.5% | +66.6% |
| 2007 | 1.9% | -23.7% |
| 2008 | 1.5% | -22.8% |
| 2009 | 1.7% | +14.6% |
| 2010 | 1.5% | -10.9% |
| 2011 | 1.6% | +6.5% |
| 2012 | 1.9% | +19.0% |
| 2013 | 1.6% | -15.1% |
| 2014 | 1.3% | -22.5% |
| 2015 | 1.5% | +21.9% |
| 2016 | 1.8% | +19.0% |
| 2017 | 2.2% | +18.3% |
| 2018 | 2.1% | -1.5% |
| 2019 | 2.2% | +2.5% |
| 2020 | 2.1% | -1.8% |
| 2021 | 2.1% | -3.3% |
| 2022 | 2.1% | +0.3% |
| 2023 | 2.2% | +4.3% |
| 2024 | 2.6% | +18.4% |
Paraguay compared with similar countries
- Paraguay's 2.6% is below the median for upper middle income countries, which is 3.6%, 70% of the median. (53 countries reporting)
- Paraguay's 2.6% is below the median for Latin America & Caribbean, which is 2.8%, 90% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.7% | 1.4% | 2.5% | 10 |
| 2010s | 1.8% | 1.3% | 2.2% | 10 |
| 2020s | 2.2% | 2.1% | 2.6% | 5 |
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 volume of remittances (in united states dollars) as a proportion of in Paraguay?
- Volume of remittances (in united states dollars) as a proportion of in Paraguay was 2.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Paraguay?
- The highest recorded value was 2.6% in 2024.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Paraguay?
- The lowest recorded value was 1.3% in 2014.
- How does Paraguay rank for volume of remittances (in united states dollars) as a proportion of?
- Paraguay ranks 98th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Paraguay?
- Over the last ten years it is up 103.7%. The long-run trend across the full record is rising.
- Where does this Paraguay data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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