Paraguay 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$42.96 billion
↑ 2.39% vs 2022GDP per Capita
$6,276.35
↑ 1.14% vs 2022GDP Growth (Annual %)
4.71%
↑ 4.54pp vs 2022Inflation Rate (CPI %)
4.63%
↓ 5.13pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $41.95 billion | $42.96 billion | +2.39% |
| GDP per Capita | $6,205.63 | $6,276.35 | +1.14% |
| GDP Growth (Annual %) | 0.18% | 4.71% | +4.54pp |
| Inflation (CPI %) | 9.77% | 4.63% | -5.13pp |
| Unemployment Rate (%) | 6.76% | 5.79% | -0.96pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $42.96 billion
- GDP per Capita
- $6,276.35
- GDP Growth (Annual %)
- 4.71%
- Gross National Income
- $41.58 billion
Prices & Employment
- Inflation (CPI %)
- 4.63%
- Inflation (GDP Deflator %)
- 2.07%
- Unemployment Rate (%)
- 5.79%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -0.57%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Paraguay's Gross Domestic Product (GDP) is $42.96 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Paraguay for 2023 is $6,276.35. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Paraguay for 2023 is 4.63%. This measures the annual percentage change in the cost of consumer goods and services.
Paraguay's annual GDP growth rate for 2023 is 4.71%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Paraguay for 2023 is 5.79%. This represents the percentage of the labor force that is unemployed and actively seeking employment.