Interest payments in Paraguay
Paraguay: Interest payments was 8.8% in 2023. ▲ Rising
Interest payments in Paraguay, 2005–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, interest payments in Paraguay stood at 8.8%. That is the highest value across all 19 years on record.
The figure is up 17.4% on the previous year and up 403.0% over ten years.
Over the whole period, interest payments in Paraguay peaked at 8.8% in 2023 and was at its lowest, 1.1%, in 2012.
That places Paraguay 62nd out of 152 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Interest payments in Paraguay, year by year
| Year | % of expense | Change |
|---|---|---|
| 2005 | 6.6% | — |
| 2006 | 5.5% | -16.7% |
| 2007 | 5.0% | -10.0% |
| 2008 | 3.8% | -22.9% |
| 2009 | 3.1% | -18.8% |
| 2010 | 2.3% | -27.2% |
| 2011 | 1.5% | -32.3% |
| 2012 | 1.1% | -26.9% |
| 2013 | 1.7% | +55.3% |
| 2014 | 2.1% | +19.9% |
| 2015 | 3.2% | +53.1% |
| 2016 | 3.6% | +14.1% |
| 2017 | 4.0% | +10.4% |
| 2018 | 4.2% | +3.5% |
| 2019 | 4.1% | -2.2% |
| 2020 | 5.8% | +41.6% |
| 2021 | 6.5% | +13.4% |
| 2022 | 7.5% | +14.1% |
| 2023 | 8.8% | +17.4% |
Paraguay compared with similar countries
- Paraguay's 8.8% is above the median for upper middle income countries, which is 8.8%, 1.0× the median. (47 countries reporting)
- Paraguay's 8.8% is below the median for Latin America & Caribbean, which is 10.3%, 85% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.8% | 3.1% | 6.6% | 5 |
| 2010s | 2.8% | 1.1% | 4.2% | 10 |
| 2020s | 7.1% | 5.8% | 8.8% | 4 |
Countries ranked near Paraguay
- 59 Maldives 8.8% compare
- 60 Saint Vincent and the Grenadines 8.8% compare
- 61 Cape Verde 8.8% compare
- 63 Kazakhstan 8.7% compare
- 64 Mali 8.5% compare
- 65 Mauritius 8.4% compare
More public sector data for Paraguay
- Democracy, 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)
- Elected parliament, 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)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is interest payments in Paraguay?
- Interest payments in Paraguay was 8.8% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Paraguay?
- The highest recorded value was 8.8% in 2023.
- What is the lowest interest payments recorded in Paraguay?
- The lowest recorded value was 1.1% in 2012.
- How does Paraguay rank for interest payments?
- Paraguay ranks 62nd out of 152 countries with data for 2023.
- Is interest payments rising or falling in Paraguay?
- Over the last ten years it is up 403.0%. 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 Interest payments (% of expense). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.