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Paraguay Poverty Rate

Paraguay's poverty rate fell to 2.6% in 2023, down from 3.5% in 2022, according to World Bank. This represents a decrease of 0.9% from the previous year. Paraguay has poverty rate higher than the global median (2.60% vs median 1.90%). Compared with the median in Americas, Paraguay is higher (2.60% vs regional median 2.25%) and ranks 10th out of 22 countries in Americas.

Paraguay's annual unemployment rate rose to 6.09% in 2024, up from 5.79% in 2023.

Yearly Historical Data (1990-2023)

(in %)
Year Poverty Rate (%)
2023 2.6%
2022 3.5%
2021 1.9%
2020 2.6%
2019 2.4%
2018 3.1%
2017 2.4%
2016 4.2%
2015 4.2%
2014 4.3%
2013 4.1%
2012 6.4%
2011 8.9%
2010 9.4%
2009 9.1%
2008 7.9%
2007 12.6%
2006 14.1%
2005 10.1%
2004 10.7%
2003 13.8%
2002 19.6%
2001 13.5%
1999 15%
1997 14.9%
1995 18.3%
1990 2.5%
Paraguay Poverty Rate : Definition
Poverty Rate measures the percentage of people in Paraguay living on less than $3.00 per day, adjusted for purchasing power parity (PPP, 2021 prices).
Indicator Last Value Prior Value Period
Adult Literacy Rate 95% 93% 2020
Gini Index 44.4 points 44.8 points 2023
Happiness Index 6.17 points 5.98 points 2024
Homicide Rate 7.83 7.27 2021
Population 6.93M 6.84M 2024
Primary Enrollment Rate 92.38% 93.23% 2023