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PY

Paraguay

PY · PRY · #59 · 11 cities

Nomad score 55/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$31,457
GDP (2031)
$79.8B
GDP growth (2031)
3.5% →
Inflation (2031)
3.5% →
Unemployment (2031)
5.2% →
Population (2031)
6.7M
Population growth (2031)
0.5% ↓
Gini index (2024)
44.2
Government debt (2031)
36.6% of GDP
Current account (2031)
-0.2% of GDP
FDI inflows (2025)
$1.2B
Life expectancy (2024)
74.0 yrs
Health spending (2023)
8.4% of GDP
Internet users (2024)
81.6%
Mobile subscriptions (2023)
126.6/100
Trade openness (2025)
76.5% of GDP
Exchange rate (2025)
7,545.45/USD
Foreign reserves (2024)
$9.6B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
36.6% of GDP
Current account (2031)
-0.2% of GDP
FDI inflows (2025)
$1.2B

Income inequality (Gini)

Gini index (2024)
0.44
Assessment
High inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2024)
1.76/1k
Tax revenue (2024)
11.3% of GDP
Services sector (2025)
48.1% of GDP

Financial access and costs

ATMs per 100k (2024)
28.4
Bank branches per 100k (2024)
8.9
ICT service exports (2025)
14.0%
Goods and services tax (2024)
8.5%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $79.8B $31,457 3.5% 3.5% 5.2% 6.7M - 36.6% -0.2% - - - - -
2030 * $75.5B $25,053 3.5% 3.5% 5.2% 6.6M - 36.9% -0.6% - - - - -
2029 * $71.5B $23,969 3.5% 3.5% 5.2% 6.6M - 37.2% -0.9% - - - - -
2028 * $67.6B $22,944 3.5% 3.5% 5.2% 6.5M - 37.4% -1.4% - - - - -
2027 * $64.0B $21,970 3.5% 3.5% 5.2% 6.5M - 37.6% -2.1% - - - - -
2026 * $60.5B $21,016 4.2% 3.3% 5.2% 6.5M - 37.8% -3.0% - - - - -
2025 $49.4B $20,181 6.0% 4.1% 5.2% 6.4M - 38.1% -3.5% $1.2B - - - 7,545.45
2024 $44.7B $18,632 4.7% 3.8% 5.8% 6.4M 44.2 44.6% -3.4% $1.1B 74.0 - 81.6% 7,560.25
2023 $43.1B $17,585 5.3% 4.6% 5.9% 6.3M 44.2 41.0% 0.1% $1.1B 73.8 8.4% 78.1% 7,288.87
2022 $41.8B $16,306 0.0% 9.8% 6.7% 6.3M 44.6 40.6% -6.5% $855.2M 72.3 7.7% 76.3% 6,982.75
2021 $39.9B $15,401 4.0% 4.8% 7.5% 6.2M 42.9 37.5% -0.6% $584.1M 68.1 8.0% 77.0% 6,774.16
2020 $35.4B $14,309 -0.8% 1.8% 7.7% 6.2M 43.5 36.9% 2.4% $289.4M 72.7 7.7% 74.0% 6,771.10
2019 $37.9B $14,150 -0.4% 2.8% 6.6% 6.1M 45.7 25.8% -0.2% $485.5M 73.7 7.2% 68.5% 6,240.72
2018 $40.2B $14,139 3.2% 4.0% 6.2% 6.1M 46.0 22.3% 0.2% $316.8M 73.6 6.7% 65.0% 5,732.10
2017 $39.0B $13,977 4.8% 3.6% 6.1% 6.0M 48.5 19.8% 3.7% $759.2M 73.5 6.6% 61.1% 5,618.93
2016 $36.1B $13,329 4.3% 4.1% 5.3% 6.0M 47.9 19.4% 4.6% $819.4M 73.5 6.7% 53.4% 5,670.54
2015 $36.2B $12,679 3.0% 3.1% 4.6% 5.9M 47.6 18.6% -0.2% $805.2M 73.5 6.7% 49.7% 5,204.92
2014 $40.4B $12,607 5.3% 5.0% 5.0% 5.9M 50.7 15.6% -0.8% $1.0B 73.4 6.6% 43.0% 4,462.19
2013 $38.7B $12,137 8.3% 2.7% 4.4% 5.8M 47.9 13.5% 0.8% $436.0M 73.3 6.1% 36.9% 4,303.88
2012 $33.3B $10,954 -0.7% 3.7% 4.1% 5.8M 47.6 12.3% -1.9% $869.0M 73.1 6.5% 29.3% 4,421.66
2011 $33.7B $11,442 4.3% 8.2% 4.7% 5.7M 52.3 11.1% -0.7% $661.2M 72.8 5.8% 24.8% 4,193.80
2010 $27.1B $10,893 11.1% 4.6% 4.6% 5.7M 51.0 13.0% -1.1% $752.9M 72.6 5.5% 19.8% 4,758.43
2009 $22.4B $9,802 -0.3% 2.6% 5.5% 5.6M 49.1 14.9% 1.8% $192.4M 72.3 5.5% 18.9% 4,966.68
2008 $24.6B $9,867 6.5% 10.2% 4.4% 5.6M 50.7 16.0% 0.4% $451.7M 72.1 5.0% 14.3% 4,363.29
2007 $17.9B $9,179 5.4% 8.1% 4.7% 5.6M 53.0 16.8% 4.4% $105.0M 71.8 5.0% 11.2% 5,032.71
2006 $13.4B $8,561 4.8% 9.6% 5.3% 5.5M 53.0 21.0% 1.2% $187.8M 71.6 5.0% 8.0% 5,635.09
2005 $10.7B $8,007 2.1% 6.8% 4.8% 5.5M 51.4 28.3% -0.6% $7.3M 71.3 4.8% 7.9% 6,177.93
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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