Tax revenue in Paraguay
Paraguay: Tax revenue was 11.3% in 2024. ▲ Rising
Tax revenue in Paraguay, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Paraguay recorded 11.3% for tax revenue in 2024. That is the highest value across all 20 years on record.
That represents a change of up 11.8% on the previous year and up 16.3% over ten years.
Over the whole period, tax revenue in Paraguay peaked at 11.3% in 2024 and was at its lowest, 7.8%, in 2007.
That places Paraguay 122nd out of 157 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Tax revenue in Paraguay, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 8.3% | — |
| 2006 | 8.4% | +1.0% |
| 2007 | 7.8% | -6.1% |
| 2008 | 8.1% | +3.3% |
| 2009 | 8.3% | +2.9% |
| 2010 | 8.9% | +6.5% |
| 2011 | 9.4% | +5.6% |
| 2012 | 9.5% | +1.0% |
| 2013 | 8.9% | -5.6% |
| 2014 | 9.7% | +9.1% |
| 2015 | 9.6% | -1.1% |
| 2016 | 9.6% | -0.9% |
| 2017 | 10.0% | +4.2% |
| 2018 | 10.1% | +1.2% |
| 2019 | 10.0% | -0.8% |
| 2020 | 9.5% | -4.8% |
| 2021 | 9.8% | +3.0% |
| 2022 | 10.3% | +5.1% |
| 2023 | 10.1% | -1.6% |
| 2024 | 11.3% | +11.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.2% | 7.8% | 8.4% | 5 |
| 2010s | 9.6% | 8.9% | 10.1% | 10 |
| 2020s | 10.2% | 9.5% | 11.3% | 5 |
Countries ranked near Paraguay
More public sector data for Paraguay
- Arms imports 5.00 million SIPRI trend indicator values (2021)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 5.00 million SIPRI trend indicator values (2021)
- Military expenditure (current USD), per capita 59.74 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0093 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.12 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 413.97 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 12.58 SIPRI trend indicator values per square kilometre (2021)
Frequently asked questions
- What is tax revenue in Paraguay?
- Tax revenue in Paraguay was 11.3% 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 11.3% in 2024.
- What is the lowest tax revenue recorded in Paraguay?
- The lowest recorded value was 7.8% in 2007.
- How does Paraguay rank for tax revenue?
- Paraguay ranks 122nd out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Paraguay?
- Over the last ten years it is up 16.3%. 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 (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.