Taxes on goods and services (current LCU) in Paraguay
Paraguay: Taxes on goods and services (current LCU) was 23.27 trillion current LCU in 2024. ▲ Rising
Taxes on goods and services in Paraguay, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for taxes on goods and services in Paraguay is 23.27 trillion current LCU, measured in 2024. That is the highest value across all 20 years on record.
That represents a change of up 14.9% on the previous year and up 95.2% over ten years.
Over the whole period, taxes on goods and services in Paraguay peaked at 23.27 trillion current LCU in 2024 and was at its lowest, 3.44 trillion current LCU, in 2005.
Paraguay ranks 9th of 157 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Taxes on goods and services (current LCU) in Paraguay, year by year
| Year | current LCU | Change |
|---|---|---|
| 2005 | 3.44 trillion current LCU | — |
| 2006 | 3.95 trillion current LCU | +14.8% |
| 2007 | 4.86 trillion current LCU | +22.9% |
| 2008 | 5.95 trillion current LCU | +22.4% |
| 2009 | 5.99 trillion current LCU | +0.7% |
| 2010 | 7.74 trillion current LCU | +29.3% |
| 2011 | 8.85 trillion current LCU | +14.4% |
| 2012 | 9.28 trillion current LCU | +4.8% |
| 2013 | 10.01 trillion current LCU | +7.9% |
| 2014 | 11.92 trillion current LCU | +19.0% |
| 2015 | 12.32 trillion current LCU | +3.4% |
| 2016 | 13.16 trillion current LCU | +6.8% |
| 2017 | 14.21 trillion current LCU | +8.0% |
| 2018 | 15.11 trillion current LCU | +6.4% |
| 2019 | 14.81 trillion current LCU | -2.0% |
| 2020 | 14.57 trillion current LCU | -1.7% |
| 2021 | 16.74 trillion current LCU | +14.9% |
| 2022 | 18.03 trillion current LCU | +7.7% |
| 2023 | 20.25 trillion current LCU | +12.3% |
| 2024 | 23.27 trillion current LCU | +14.9% |
Paraguay compared with similar countries
- Paraguay's 23.27 trillion current LCU is above the median for upper middle income countries, which is 103.35 billion current LCU, 225.1× the median. (48 countries reporting)
- Paraguay's 23.27 trillion current LCU is above the median for Latin America & Caribbean, which is 58.28 billion current LCU, 399.2× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.84 trillion current LCU | 3.44 trillion current LCU | 5.99 trillion current LCU | 5 |
| 2010s | 11.74 trillion current LCU | 7.74 trillion current LCU | 15.11 trillion current LCU | 10 |
| 2020s | 18.57 trillion current LCU | 14.57 trillion current LCU | 23.27 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)
- 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)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, 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 taxes on goods and services in Paraguay?
- Taxes on goods and services in Paraguay was 23.27 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Paraguay?
- The highest recorded value was 23.27 trillion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in Paraguay?
- The lowest recorded value was 3.44 trillion current LCU in 2005.
- How does Paraguay rank for taxes on goods and services?
- Paraguay ranks 9th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Paraguay?
- Over the last ten years it is up 95.2%. 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.