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CompareEconomy.com Comparison of world economies

Paraguay

World Rank 116 1.86 Paraguay flag svg
Capital
Area
Currency
Asunción
406,752 km 2
Guaraní (PYG)

Table of Contents

Introduction

Paraguay, or as it goes by the official name the Republic of Paraguay, is a country located in South America with the capital city of Asuncion - the first established city by Spanish conquistadors in the region and the first capital of the governorate of the Rio de la Plata.

It is considered to be a developing country with two official languages, namely Spanish and Guarani. The land coverage is quite large, especially if we take into account its pretty small population.

Economy

Thanks to the information from 2019, the GDP with Purchasing Power Parity included is at the level of $93 billion. As a result, it is one of the lowest in the region of Latin America and Caribbean. ranks them behind Costa Rica, Bolica and Puerto Rico. However, it is still 17% higher GDP than in the case of Uruguay.

Another important indicator is GDP per capita, which basically shows the average wealth of the citizen. In this respect, it is $13,200. Just like in the case of the GDP ranking, it is below average, since in this region, the average GDP per capita is at around $16,900 (22% higher than in Paraguay). 

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#89 (2021)
39,495,431,574 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#56 (2021)
458,341,509 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#74 (2021)
7.31 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)