Paraguay GDP (2026)
LiveParaguay has an agriculture- and energy-based economy supported by soybeans, livestock, hydropower, food processing, commerce, and river transportation. Competitive electricity supplies and access to regional markets have helped attract investment in manufacturing and export industries. This page presents Paraguay GDP data, historical trends, and the country’s economic outlook for 2026.
Paraguay GDP Growth (1980–2026)
Annual real GDP growth rate (%)
Historical Highlights
1980–2026 GDP performance summary
Share of World GDP (2026)
Key Findings
Paraguay's GDP in 2026 is $60.54B.
It ranks #96 among 218 countries.
Paraguay contributes 0.05% to the world economy.
GDP per capita is $9,372 in 2026.
The economy recorded GDP growth of 4.20% in 2026.
Paraguay GDP Historical Data (1980–2026)
| 2026 | $60,542,000,000 | 4.20% | $9,372 | 0.05% | #95 |
| 2025 | $49,358,000,000 | 6.00% | $7,692 | 0.04% | #97 |
| 2024 | $44,739,000,000 | 4.70% | $7,020 | 0.04% | #100 |
| 2023 | $43,140,000,000 | 5.30% | $6,819 | 0.04% | #99 |
| 2022 | $41,841,000,000 | 0.00% | $6,658 | 0.04% | #98 |
| 2021 | $39,937,000,000 | 4.00% | $6,392 | 0.04% | #97 |
| 2020 | $35,432,000,000 | -0.80% | $5,713 | 0.04% | #98 |
| 2019 | $37,925,000,000 | -0.40% | $6,172 | 0.04% | #99 |
| 2018 | $40,225,000,000 | 3.20% | $6,609 | 0.05% | #97 |
| 2017 | $38,997,000,000 | 4.80% | $6,469 | 0.05% | #95 |
| 2016 | $36,090,000,000 | 4.30% | $6,046 | 0.05% | #97 |
| 2015 | $36,211,000,000 | 3.00% | $6,125 | 0.05% | #96 |
| 2014 | $40,378,000,000 | 5.30% | $6,894 | 0.05% | #95 |
| 2013 | $38,651,000,000 | 8.30% | $6,658 | 0.05% | #94 |
| 2012 | $33,296,000,000 | -0.70% | $5,784 | 0.04% | #96 |
| 2011 | $33,737,000,000 | 4.30% | $5,907 | 0.05% | #93 |
| 2010 | $27,129,000,000 | 11.10% | $4,786 | 0.04% | #95 |
| 2009 | $22,355,000,000 | -0.30% | $3,973 | 0.04% | #99 |
| 2008 | $24,615,000,000 | 6.50% | $4,405 | 0.04% | #99 |
| 2007 | $17,856,000,000 | 5.40% | $3,217 | 0.03% | #103 |
| 2006 | $13,430,000,000 | 4.80% | $2,437 | 0.03% | #107 |
| 2005 | $10,738,000,000 | 2.10% | $1,964 | 0.02% | #112 |
| 2004 | $9,624,000,000 | 4.10% | $1,776 | 0.02% | #111 |
| 2003 | $7,691,000,000 | 4.30% | $1,434 | 0.02% | #113 |
| 2002 | $7,196,000,000 | 0.00% | $1,356 | 0.02% | #110 |
| 2001 | $8,496,000,000 | -0.80% | $1,622 | 0.02% | #100 |
| 2000 | $8,856,000,000 | -2.30% | $1,718 | 0.03% | #101 |
| 1999 | $8,837,000,000 | -1.40% | $1,749 | 0.03% | #99 |
| 1998 | $9,260,000,000 | 0.10% | $1,873 | 0.03% | #95 |
| 1997 | $9,965,000,000 | 4.20% | $2,061 | 0.03% | #93 |
| 1996 | $9,788,000,000 | 1.60% | $2,071 | 0.03% | #88 |
| 1995 | $9,062,000,000 | 6.80% | $1,963 | 0.03% | #86 |
| 1994 | $7,871,000,000 | 5.30% | $1,747 | 0.03% | #88 |
| 1993 | $7,249,000,000 | 4.90% | $1,650 | 0.03% | #86 |
| 1992 | $7,158,000,000 | 1.70% | $1,671 | 0.03% | #85 |
| 1991 | $6,984,000,000 | 3.50% | $1,674 | 0.03% | #79 |
| 1990 | $4,904,000,000 | 4.10% | $1,207 | 0.02% | #92 |
| 1989 | $4,046,000,000 | 5.80% | $1,024 | 0.02% | #96 |
| 1988 | $5,584,000,000 | 5.90% | $1,453 | 0.03% | #82 |
| 1987 | $4,216,000,000 | 4.10% | $1,129 | 0.02% | #88 |
| 1986 | $5,032,000,000 | 0.30% | $1,386 | 0.03% | #84 |
| 1985 | $4,214,000,000 | 3.90% | $1,194 | 0.03% | #87 |
| 1984 | $4,931,000,000 | 2.80% | $1,439 | 0.04% | #81 |
| 1983 | $6,069,000,000 | -3.00% | $1,824 | 0.05% | #77 |
| 1982 | $5,470,000,000 | -1.40% | $1,693 | 0.05% | #77 |
| 1981 | $5,220,000,000 | 9.20% | $1,664 | 0.05% | #79 |
| 1980 | $4,095,000,000 | 11.70% | $1,344 | 0.04% | #85 |
Paraguay GDP Projections (IMF)
i| Year | GDP Nominal (Current USD) | GDP Growth Rate (%) | GDP Per Capita (USD) | World Share (%) | Global Rank |
|---|---|---|---|---|---|
| 2027 | $64,029,000,000 | 3.50% | $9,848 | 0.05% | #90 |
| 2028 | $67,644,000,000 | 3.50% | $10,340 | 0.05% | #90 |
| 2029 | $71,476,000,000 | 3.50% | $10,861 | 0.05% | #90 |
| 2030 | $75,522,000,000 | 3.50% | $11,410 | 0.05% | #90 |
| 2031 | $79,788,000,000 | 3.50% | $11,989 | 0.05% | #90 |
Paraguay Economy Overview
Paraguay has an export-driven economy based on commercial agriculture, livestock, hydropower, and regional trade. Soybeans, beef, maize, wheat, rice, and oilseeds account for a large share of merchandise exports. Fertile land and large-scale farming operations have supported the development of food processing and agricultural supply industries.
The Itaipu and Yacyretá hydroelectric facilities generate abundant electricity, much of which is exported to neighboring countries. Low-cost power has also encouraged investment in manufacturing, metal processing, and energy-intensive activities. Commerce, banking, construction, transportation, and river logistics contribute to the service economy. The Paraguay and Paraná river systems provide essential trade access for the landlocked country.
Paraguay GDP Outlook
Paraguay’s economic prospects are supported by commercial agriculture, livestock production, hydropower, low-cost electricity, and growing investment in manufacturing. Food processing, forestry, renewable energy, logistics, and export-oriented industries could broaden the economy beyond primary commodities. Improved river transport and regional connections may strengthen trade competitiveness. Droughts, flooding, fluctuations in soybean and beef prices, dependence on neighboring markets, informal employment, and infrastructure gaps remain the principal risks.
Data & Methodology
How the figures on this page are compiled
- Primary Sources
- IMF, World Bank, United Nations and OECD
- Historical Coverage
- 1980–2031
- GDP Measurement
- Nominal gross domestic product in current U.S. dollars
- Update Schedule
- Updated annually using the latest available projections
- Population Data
- United Nations World Population Prospects
Frequently Asked Questions
Paraguay's nominal GDP in 2026 is approximately $60,542,000,000, measured in current US dollars.
Paraguay's GDP growth rate in 2026 is 4.20%.
GDP per capita in Paraguay is approximately $9,372 in 2026.
Paraguay ranks #96 globally by nominal GDP in 2026.
GDP is commonly calculated as household consumption plus investment, government spending, and net exports.