Paraguay: Economy

Economic Trivia

Paraguay has the highest economic growth in South America.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2015): Brazil, China, and Argentina
Top 3 Exported Goods (2015): Oil & Mineral Fuels, Oil Seeds, and Meat

Top Industries Source: CIA World Factbook

Sugar; Cement; Textiles; Beverages

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $60,976,954,890 (2015)
GDP Growth Rate (annual %) 3.015% (2015)
GDP Per Capita, PPP (current international) $9,184 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 102/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 3.129% (2015)
External debt stocks, total (DOD, current US$) $14,091,693,000 (2014)
Total tax rate (% of commercial profits) 35% (2015)
Real Interest Rate (5 year average %) 18.218% (2015)
Manufacturing, value added (% of GDP) 11.799% (2015)
Current Account Balance (BoP, current US$) ($461,989,486) (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 3,202,754 (2014)
Employment in Agriculture (% of total employment) 22.8% (2014)
Employment in Industry (% of total employment) 18.9% (2014)
Employment in Services (% of total employment) 58.2% (2014)
Unemployment Rate 4.5% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $11,127,665,608 (2015)
Exports of goods and services (current US$) $11,563,399,175 (2015)
Total Merchandise Trade (% of GDP) 70.675% (2014)
FDI, net inflows (BoP, current US$) $315,265,500 (2015)
Commercial Service Exports (current US$) $823,790,952 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Paraguay’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary