Paraguay Unemployment Rate
Paraguay's unemployment rate decreased to 4.9% in Q2 2025 from 5.6% in Q1 2025. This decline occurred alongside a 5.9% year-over-year GDP expansion in Q2 2025, consistent with the previous quarter's growth. The number of employed people increased to 2.97 million in Q2 2025, up from 2.91 million in Q1 2025. Job growth was driven by the services and agriculture sectors with a shift towards formal employment observed. Paraguay's record low unemployment rate was 4.6% in Q4 2024 and record high was 8.9% in Q2 2016.
Quarterly Historical Data (2015-2025)
(in %)Paraguay Unemployment Rate : Definition
Paraguay unemployment rate shows the proportion of the workforce actively seeking jobs but not finding them. It is calculated by dividing the count of unemployed individuals by the total labor force which includes both employed and unemployed people actively looking for work, then multiplying the result by 100. The National Institute of Statistics gathers this information via surveys.