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Paraguay Real GDP

Paraguay's real GDP rose to $46.02 billion in 2024, up from $44.14 billion in 2023, according to World Bank. This represents an increase of 4.2% ($1.88 billion) from the previous year and accounts for 0.05% of the world's total real GDP. Paraguay has real GDP higher than the global median ($46.02 billion vs median $29.34 billion). Compared with the median in Americas, Paraguay is higher ($46.02 billion vs regional median $22.14 billion) and ranks 17th out of 43 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 Real GDP (Billion USD)
2024 46.02
2023 44.14
2022 42.04
2021 41.96
2020 40.34
2019 40.68
2018 40.84
2017 39.57
2016 37.76
2015 36.21
2014 35.17
2013 33.4
2012 30.84
2011 31.06
2010 29.79
2009 26.81
2008 26.88
2007 25.24
2006 23.94
2005 22.85
2004 22.37
2003 21.5
2002 20.61
2001 20.61
2000 20.78
1999 21.28
1998 21.57
1997 21.56
1996 20.68
1995 20.36
1994 19.06
1993 18.1
1992 17.24
1991 16.96
1990 16.38
1989 15.74
1988 14.71
1987 13.89
1986 12.91
1985 12.3
1984 11.77
1983 11.45
1982 11.81
1981 11.97
1980 10.97
1979 9.82
1978 8.78
1977 7.84
1976 7.03
1975 6.54
1974 6.12
1973 5.64
1972 5.26
1971 4.93
1970 4.67
1969 4.43
1968 4.23
1967 4.05
1966 3.71
1965 3.63
1964 3.42
1963 3.28
1962 3.14
1961 3.04
1960 2.84
Paraguay Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Paraguay, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $44.46B $43.12B 2024
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