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Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Paraguay economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Paraguay best banks and safest banks are also available.
Paraguay has emerged from the shadows of its larger neighbors Brazil and Argentina to become the “little China” of South America. Its against-the-odds economic success story is sustained by an investment-friendly climate and strong fiscal discipline.
USD 6.6 billion (2016)
International Monetary Fund (IMF), data retrieved January 2017
USD 28.6 billion (2017, estimate)
Intl$ 67.9 billion (2017, estimate)
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 4.8% | 5.4% | 6.4% | -4% | 13.1% | 4.3% | -1.2% |
| 2013 | 2014 | 2015 | 2016* | 2017* | ||
| 14% | 4.7% | 3.1% | 3.5% | 3.6% |
*Estimate
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 0.06% | 0.06% | 0.05% | 0.05% | 0.05% |
*Estimate
(2016 estimate)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 2.7% | 5.0% | 3.1% | 4.1% | 4.1% |
*Estimate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 5.0% | 6.0% | 6.1% | 5.9% | 5.5% |
*Estimate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 17% | 20.2% | 24.2% | 25.5% | 25.6% |
*Estimate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| -1.4% | -0.7% | -1.3% | -1.1% | -1.1% |
*Estimate
Standard & Poor's: BB
Moody's: Ba1
Standard & Poor's / Moody's (Updated as of January 24th 2017)
| 2013 | 2014 | 2015 |
| N/A | N/A | N/A |
-0.5% (2017 estimate)
42.7% (2015)
0.05% (2015)
0.02% (2015)
Soybeans, livestock feed, cotton, meat, edible oils, wood, leather
Road vehicles, consumer goods, tobacco, petroleum products, electrical machinery, tractors, chemicals, vehicle parts
Brazil 31.7%, Russia 9.1%, Chile 7.1%, Argentina 7% (2015)
Brazil 25.4%, China 23.7%, Argentina 14.8%, US 7.9% (2015)
| 2013 | 2014 | 2015 |
| USD 72 million | USD 346 million | USD 283 million |
| 2013 | 2014 | 2015 |
| USD 2.3 million | USD -31.8 million | USD -7.3 million |
| 2012 | 2013 | 2014 | 2015 |
| N/A | N/A | N/A | N/A |
N/A
N/A
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 106 out of 190 countries (2017)
Subcategories:
Starting a business: 143 out of 190 countries
Enforcing Contracts: 74 out of 190 countries
Registering Property: 76 out of 190 countries
Getting Credit: 101 out of 190 countries
Protecting Minority Investors: 137 out of 190 countries
Trading Across Borders: 116 out of 190 countries
Paying Taxes: 153 out of 190 countries
Dealing with Construction Permits: 56 out of 190 countries
Getting Electricity: 102 out of 190 countries
Resolving Insolvency: 102 out of 190 countries
117 out of 138 countries
(2016-2017)
Ranking: 83 / Score: 61.46 (Moderately free) (2016)
(100=totally free 0=totally repressed)
Roman Catholic 89.6%, Protestant 6.2%, other Christian 1.1%, other or unspecified 1.9%, none 1.1% (2002 census)
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 4.138 million | 5.284 million | 6.266 million | 6.855 million | 7.353 million |
*Estimate
| 1960 | 1980 | 2000 | 2015 |
| 36% | 42% | 55% | 60% |
1.17% (2016 estimate)
Total population: 93.9%
Male: 94.8%
Female: 92.9% (2010 est.)
(age 15 and over can read and write)
2.3% (2014)
51.7 (2014)
(0=perfect equality, 100=absolute inequality)
Political Rights: 3
Civil Liberties: 3 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 5.46% Mobile 105.39% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)