Paraguay: economy and key statistics
Paraguay is number 98 in the 311 Nations Index, with a GDP of $49.3 billion in 2025. GDP per person is $7,027. The economy grew by 6.6% in 2025. Unemployment is 4.8%. The economy is 48% services, 32% industry, 12% agriculture.
Part of the 311 Nations Index (311institute.com). Last updated .
National power
Paraguay is number 93 in the 311 National Power Index, scoring 32.7 out of 100: economic 54, technology 14, military 20 and human capital 48.
Economy at a glance
| Indicator | Latest figure | Year |
|---|---|---|
| GDP | $49.3 billion | 2025 |
| GDP (purchasing power) | $141.5 billion | 2025 |
| GDP per person | $7,027 | 2025 |
| Economic growth | +6.6% | 2025 |
| Inflation | 4.0% | 2025 |
| Unemployment | 4.8% | 2025 |
| Population | 7.0 million | 2025 |
| Labour force | 3.5 million | 2025 |
| Services share of GDP | 48% | 2025 |
| Industry share of GDP | 32% | 2025 |
| Manufacturing share of GDP | 19% | 2025 |
| Agriculture share of GDP | 12% | 2025 |
| Exports share of GDP | 37% | 2025 |
| Foreign direct investment | 2.4% of GDP | 2025 |
| High-tech share of manufactured exports | 11% | 2024 |
| R&D spending | 0.14% of GDP | 2023 |
| Internet users | 82% of people | 2024 |
Main export industries
Paraguay exported goods worth about $10.9bn in 2024. Its biggest export industries:
- Oil seeds and oleaginous fruits: $3.4bn (31.2% of goods exports)
- Meat and edible meat offal: $1.8bn (16.8% of goods exports)
- Mineral fuels, mineral oils and products of their distillation: $1.2bn (10.9% of goods exports)
- Cereals: $0.9bn (8.2% of goods exports)
- Food industries, residues and wastes thereof: $0.7bn (6.2% of goods exports)
Source: UN Comtrade, goods only (services exports are not included).
Other economies in South America
- Brazil (#11)
- Argentina (#24)
- Colombia (#36)
- Chile (#45)
- Peru (#47)
- Ecuador (#64)
- Venezuela (#78)
- Uruguay (#84)
- Bolivia (#88)
- Guyana (#120)
- Suriname (#166)
Questions and answers
How big is the economy of Paraguay?
Paraguay had a GDP of $49.3 billion in 2025, ranking number 98 in the 311 Nations Index.
What is GDP per person in Paraguay?
GDP per person in Paraguay was $7,027 in 2025.
How fast is the economy of Paraguay growing?
The economy of Paraguay grew by 6.6% in 2025.
Source: World Bank, World Development Indicators (CC BY 4.0).
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