Compensation of employees (current LCU) in Paraguay
Paraguay: Compensation of employees (current LCU) was 26.49 trillion current LCU in 2024. ▲ Rising
Compensation of employees in Paraguay, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, compensation of employees in Paraguay stood at 26.49 trillion current LCU. That is the highest value across all 20 years on record.
The figure is up 7.1% on the previous year and up 76.8% over ten years.
Over the whole period, compensation of employees in Paraguay peaked at 26.49 trillion current LCU in 2024 and was at its lowest, 3.94 trillion current LCU, in 2005.
That places Paraguay 8th out of 156 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Compensation of employees (current LCU) in Paraguay, year by year
| Year | current LCU | Change |
|---|---|---|
| 2005 | 3.94 trillion current LCU | — |
| 2006 | 4.64 trillion current LCU | +17.6% |
| 2007 | 5.32 trillion current LCU | +14.7% |
| 2008 | 6.33 trillion current LCU | +19.1% |
| 2009 | 7.37 trillion current LCU | +16.4% |
| 2010 | 8.41 trillion current LCU | +14.1% |
| 2011 | 9.85 trillion current LCU | +17.1% |
| 2012 | 12.89 trillion current LCU | +30.9% |
| 2013 | 14.14 trillion current LCU | +9.7% |
| 2014 | 14.98 trillion current LCU | +5.9% |
| 2015 | 16.22 trillion current LCU | +8.3% |
| 2016 | 16.21 trillion current LCU | -0.1% |
| 2017 | 16.98 trillion current LCU | +4.8% |
| 2018 | 18.47 trillion current LCU | +8.8% |
| 2019 | 19.85 trillion current LCU | +7.5% |
| 2020 | 21.23 trillion current LCU | +6.9% |
| 2021 | 21.68 trillion current LCU | +2.1% |
| 2022 | 22.99 trillion current LCU | +6.0% |
| 2023 | 24.73 trillion current LCU | +7.6% |
| 2024 | 26.49 trillion current LCU | +7.1% |
Paraguay compared with similar countries
- Paraguay's 26.49 trillion current LCU is above the median for upper middle income countries, which is 95.94 billion current LCU, 276.1× the median. (47 countries reporting)
- Paraguay's 26.49 trillion current LCU is above the median for Latin America & Caribbean, which is 34.98 billion current LCU, 757.4× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.52 trillion current LCU | 3.94 trillion current LCU | 7.37 trillion current LCU | 5 |
| 2010s | 14.80 trillion current LCU | 8.41 trillion current LCU | 19.85 trillion current LCU | 10 |
| 2020s | 23.42 trillion current LCU | 21.23 trillion current LCU | 26.49 trillion current LCU | 5 |
Countries ranked near Paraguay
More public sector data for Paraguay
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 24.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 0.748 SIPRI trend indicator values per person (2021)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2021)
- Arms imports (SIPRI trend indicator values), annual growth rate -100 % change on previous year (2013)
Frequently asked questions
- What is compensation of employees in Paraguay?
- Compensation of employees in Paraguay was 26.49 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Paraguay?
- The highest recorded value was 26.49 trillion current LCU in 2024.
- What is the lowest compensation of employees recorded in Paraguay?
- The lowest recorded value was 3.94 trillion current LCU in 2005.
- How does Paraguay rank for compensation of employees?
- Paraguay ranks 8th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Paraguay?
- Over the last ten years it is up 76.8%. The long-run trend across the full record is rising.
- Where does this Paraguay data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.