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 (2016): Brazil, China, and Argentina
Top 3 Exported Goods (2016): Oil & Mineral Fuels, Oil Seeds, and Meat

Top Industries Source: CIA World Factbook

Sugar; Cement; Textiles; Beverages

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $66,006,744,334 (2017)
GDP Growth Rate (annual %) 0.772% (2017)
GDP Per Capita, PPP (current international) $9,691 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 102/195 (2017)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 4.087% (2016)
External debt stocks, total (DOD, current US$) $16,323,430,000 (2016)
Total tax rate (% of commercial profits) 35% (2017)
Real Interest Rate (5 year average %) 12.154% (2016)
Manufacturing, value added (% of GDP) 11.231% (2017)
Current Account Balance (BoP, current US$) ($368,717,179) (2017)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 3,385,816 (2017)
Employment in Agriculture (% of total employment) 21.198% (2017)
Employment in Industry (% of total employment) 19.48% (2017)
Employment in Services (% of total employment) 59.322% (2017)
Unemployment Rate 4.61% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $12,721,024,610 (2017)
Exports of goods and services (current US$) $12,428,453,660 (2017)
Total Merchandise Trade (% of GDP) 69.127% (2017)
FDI, net inflows (BoP, current US$) $439,319,040 (2017)
Commercial Service Exports (current US$) $937,683,832 (2017)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank