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Paraguay GDP

Paraguay's GDP rose to $44.46 billion in 2024, up from $43.12 billion in 2023, according to World Bank. This represents an increase of 3.1% ($1.34 billion) from the previous year and accounts for 0.04% of the world's total GDP. Paraguay has GDP higher than the global median ($44.46 billion vs median $35.85 billion). Compared with the median in Americas, Paraguay is higher ($44.46 billion vs regional median $25.03 billion) and ranks 18th out of 44 countries in Americas.

Paraguay's GDP per capita rose to $6,640.84 in 2024, up from $6,449.23 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 44.46
2023 43.12
2022 41.95
2021 39.95
2020 35.43
2019 37.93
2018 40.23
2017 39
2016 36.09
2015 36.21
2014 40.38
2013 38.5
2012 33.27
2011 33.76
2010 27.26
2009 22.36
2008 24.62
2007 17.86
2006 13.43
2005 10.74
2004 9.62
2003 7.69
2002 7.2
2001 8.5
2000 8.86
1999 8.84
1998 9.26
1997 9.97
1996 9.79
1995 9.06
1994 7.87
1993 7.25
1992 7.16
1991 6.98
1990 5.81
1989 4.76
1988 4.26
1987 3.97
1986 3.72
1985 3.28
1984 4.5
1983 5.67
1982 5.42
1981 5.62
1980 4.45
1979 3.42
1978 2.56
1977 2.09
1976 1.7
1975 1.51
1974 1.33
1973 1
1972 0.77
1971 0.66
1970 0.59
1969 0.56
1968 0.52
1967 0.49
1966 0.47
1965 0.44
1964 0.41
1963 0.38
1962 0.36
1961 0.32
1960 0.29
Paraguay GDP : Definition
GDP measures the total value of all goods and services produced in Paraguay, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 4.25% 5% 2024
GDP per Capita $6,640.84 $6,449.23 2024
GDP per Capita PPP $16,296.28 $15,826.09 2024
R&D Expenditure (% GDP) 0.12% 0.14% 2022
Real GDP $46.02B $44.14B 2024