Paraguay GDP Growth Rate (2026)
Paraguay has a South American economy supported by agriculture, hydropower, services, trade, and domestic consumption. This page explores its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+4.2%
Annual real GDP growth
World Rank
#47
Out of 195 countries
Change vs 2025
-1.8 pp
2025: +6.0%
South America Rank
#2
Out of 12 countries
1. Paraguay GDP Growth Rate in 2026
Paraguayan economic growth is strongly influenced by agriculture, electricity exports, household demand, investment, and regional trade. Weather conditions remain particularly important.
2. Paraguay GDP Growth Rate Trends (1980–2026)
Paraguay’s growth history has been shaped by soybean production, hydropower, livestock, and regional commerce. Agricultural cycles have produced noticeable swings in economic performance.
3. Paraguay GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +4.2% | -1.8 pp |
| 2025 | +6.0% | +1.3 pp |
| 2024 | +4.7% | -0.6 pp |
| 2023 | +5.3% | +5.3 pp |
| 2022 | 0.0% | -4.0 pp |
| 2021 | +4.0% | +4.8 pp |
| 2020 | -0.8% | -0.4 pp |
| 2019 | -0.4% | -3.6 pp |
| 2018 | +3.2% | -1.6 pp |
| 2017 | +4.8% | +0.5 pp |
| 2016 | +4.3% | +1.3 pp |
| 2015 | +3.0% | -2.3 pp |
| 2014 | +5.3% | -3.0 pp |
| 2013 | +8.3% | +9.0 pp |
| 2012 | -0.7% | -5.0 pp |
| 2011 | +4.3% | -6.8 pp |
| 2010 | +11.1% | +11.4 pp |
| 2009 | -0.3% | -6.8 pp |
| 2008 | +6.5% | +1.1 pp |
| 2007 | +5.4% | +0.6 pp |
| 2006 | +4.8% | +2.7 pp |
| 2005 | +2.1% | -2.0 pp |
| 2004 | +4.1% | -0.2 pp |
| 2003 | +4.3% | +4.3 pp |
| 2002 | 0.0% | +0.8 pp |
| 2001 | -0.8% | +1.5 pp |
| 2000 | -2.3% | -0.9 pp |
| 1999 | -1.4% | -1.5 pp |
| 1998 | +0.1% | -4.1 pp |
| 1997 | +4.2% | +2.6 pp |
| 1996 | +1.6% | -5.2 pp |
| 1995 | +6.8% | +1.5 pp |
| 1994 | +5.3% | +0.4 pp |
| 1993 | +4.9% | +3.2 pp |
| 1992 | +1.7% | -1.8 pp |
| 1991 | +3.5% | -0.6 pp |
| 1990 | +4.1% | -1.7 pp |
| 1989 | +5.8% | -0.1 pp |
| 1988 | +5.9% | +1.8 pp |
| 1987 | +4.1% | +3.8 pp |
| 1986 | +0.3% | -3.6 pp |
| 1985 | +3.9% | +1.1 pp |
| 1984 | +2.8% | +5.8 pp |
| 1983 | -3.0% | -1.6 pp |
| 1982 | -1.4% | -10.6 pp |
| 1981 | +9.2% | -2.5 pp |
| 1980 | +11.7% | — |
4. Paraguay GDP Growth Performance
Current Growth Rate
+4.2%
(2026 to 2026)
5-Year Average
+4.0%
(2022 to 2026)
10-Year Average
+3.1%
(2017 to 2026)
20-Year Average
+3.9%
(2007 to 2026)
The economy benefits from competitive agriculture, abundant renewable energy, and relatively stable macroeconomic conditions. Climate shocks can still create sharp variations in output.
5. Paraguay GDP Growth Rate vs South America and World
Paraguay
+4.2%
South America Average
+3.5%
World Average
+2.8%
0.0%
2.1%
4.2%
Annual real GDP growth (%)
Paraguay’s GDP growth rate is approximately
0.7 pp
above the
South America average
and
1.4 pp
above the world average.
6. Paraguay GDP Growth Rate Ranking in South America
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #1 | Guyana | +16.2% |
| #2 | Paraguay | +4.2% |
| #3 | Venezuela | +4.0% |
| #4 | Suriname | +3.9% |
| #5 | Argentina | +3.5% |
| #6 | Peru | +2.8% |
| #7 | Ecuador | +2.5% |
| #8 | Chile | +2.4% |
| #9 | Colombia | +2.3% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Paraguay
Paraguay GDP (Nominal)
$60.5 Billion
(2026)
Paraguay GDP Growth Rate
+4.2%
(2026)
Paraguay can outperform regional peers when agricultural conditions are favorable. Its smaller and commodity-oriented economy remains more sensitive to weather and external demand.
Explore more:
Paraguay GDP
9. Paraguay GDP Growth Rate Forecast
The outlook depends on agriculture, energy exports, investment, infrastructure, and regional trade. Climate risks and commodity volatility remain important.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +3.5% | -0.7 pp |
| 2028 | +3.5% | 0.0 pp |
| 2029 | +3.5% | 0.0 pp |
| 2030 | +3.5% | 0.0 pp |
10. Paraguay GDP Growth Rate: Key Findings
Paraguay GDP growth rate is estimated at +4.2% in 2026.
It ranks #47 globally and #2 in South America by annual GDP growth rate.
The growth rate slowed by 1.8 percentage points compared with 2025.
The 5-year average GDP growth rate is +4.0%.
The 10-year average GDP growth rate is +3.1%.
The current rate is 0.7 percentage points above the South America average.
The current rate is 1.4 percentage points above the world average.
The forecast GDP growth rate is +3.5% in 2030, 0.7 percentage points below the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
September 2026
13. Paraguay GDP Growth Rate FAQs
Paraguay GDP growth rate is estimated at +4.2% in 2026.
Paraguay ranks #47 globally and #2 in South America by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +4.2% in 2026.
Paraguay GDP growth rate was +3.0% in 2015.
Paraguay GDP growth rate is 0.7 percentage points above the South America average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.