Paraguay's $45 billion agrarian economy, growing 4.0% in 2025, excels in soy, beef, and hydroelectricity, with per capita GDP at $6,500. Beef exports thrive, while fuel imports strain trade. Informal sectors and inequality challenge progress. Recent Itaipu dam revenues and Mercosur trade pacts bolster stability. Paraguay invests in manufacturing and renewables to diversify, targeting poverty reduction for its 7 million people. With a focus on infrastructure and agricultural modernization, it aims for inclusive growth, leveraging its landlocked position to strengthen regional economic ties and sustainable development.
World Bank GDP economic data: 2010-2024. Last updated Oct 2025.
Paraguay GDP Statistics by Year
| Year | GDP Size (in billions $) |
| 2024 | 44 |
| 2023 | 43 |
| 2022 | 42 |
| 2021 | 40 |
| 2020 | 35 |
| 2019 | 38 |
| 2018 | 40 |
| 2017 | 39 |
| 2016 | 36 |
| 2015 | 36 |
| 2014 | 40 |
| 2013 | 39 |
| 2012 | 33 |
| 2011 | 34 |
| 2010 | 27 |