Tax revenue in Paraguay
Paraguay: Tax revenue was 38.33 trillion current LCU in 2024. ▲ Rising
Tax revenue in Paraguay, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, tax revenue in Paraguay stood at 38.33 trillion current LCU. That is the highest value across all 20 years on record.
The figure is up 20.3% on the previous year and up 118.3% over ten years.
Over the whole period, tax revenue in Paraguay peaked at 38.33 trillion current LCU in 2024 and was at its lowest, 5.48 trillion current LCU, in 2005.
That places Paraguay 9th out of 157 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.
Tax revenue in Paraguay, year by year
| Year | current LCU | Change |
|---|---|---|
| 2005 | 5.48 trillion current LCU | — |
| 2006 | 6.32 trillion current LCU | +15.3% |
| 2007 | 7.04 trillion current LCU | +11.5% |
| 2008 | 8.69 trillion current LCU | +23.4% |
| 2009 | 9.25 trillion current LCU | +6.4% |
| 2010 | 11.45 trillion current LCU | +23.9% |
| 2011 | 13.25 trillion current LCU | +15.7% |
| 2012 | 13.92 trillion current LCU | +5.1% |
| 2013 | 14.85 trillion current LCU | +6.7% |
| 2014 | 17.56 trillion current LCU | +18.2% |
| 2015 | 18.17 trillion current LCU | +3.5% |
| 2016 | 19.56 trillion current LCU | +7.6% |
| 2017 | 21.82 trillion current LCU | +11.5% |
| 2018 | 23.23 trillion current LCU | +6.5% |
| 2019 | 23.66 trillion current LCU | +1.8% |
| 2020 | 22.83 trillion current LCU | -3.5% |
| 2021 | 26.51 trillion current LCU | +16.1% |
| 2022 | 30.07 trillion current LCU | +13.5% |
| 2023 | 31.86 trillion current LCU | +5.9% |
| 2024 | 38.33 trillion current LCU | +20.3% |
Paraguay compared with similar countries
- Paraguay's 38.33 trillion current LCU is above the median for upper middle income countries, which is 346.89 billion current LCU, 110.5× the median. (48 countries reporting)
- Paraguay's 38.33 trillion current LCU is above the median for Latin America & Caribbean, which is 102.16 billion current LCU, 375.2× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.36 trillion current LCU | 5.48 trillion current LCU | 9.25 trillion current LCU | 5 |
| 2010s | 17.75 trillion current LCU | 11.45 trillion current LCU | 23.66 trillion current LCU | 10 |
| 2020s | 29.92 trillion current LCU | 22.83 trillion current LCU | 38.33 trillion current LCU | 5 |
Countries ranked near Paraguay
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 tax revenue in Paraguay?
- Tax revenue in Paraguay was 38.33 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Paraguay?
- The highest recorded value was 38.33 trillion current LCU in 2024.
- What is the lowest tax revenue recorded in Paraguay?
- The lowest recorded value was 5.48 trillion current LCU in 2005.
- How does Paraguay rank for tax revenue?
- Paraguay ranks 9th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Paraguay?
- Over the last ten years it is up 118.3%. 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 Tax revenue (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.