Taxes on goods and services in Paraguay
Paraguay: Taxes on goods and services was 36.1% in 2024. ▼ Falling
Taxes on goods and services in Paraguay, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Paraguay recorded 36.1% for taxes on goods and services in 2024.
That represents a change of up 0.7% on the previous year and down 13.1% over ten years.
Over the whole period, taxes on goods and services in Paraguay peaked at 41.6% in 2014 and was at its lowest, 29.6%, in 2019.
That places Paraguay 53rd out of 156 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Taxes on goods and services in Paraguay, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2005 | 35.6% | — |
| 2006 | 35.3% | -0.7% |
| 2007 | 38.2% | +8.1% |
| 2008 | 39.3% | +2.9% |
| 2009 | 36.4% | -7.3% |
| 2010 | 40.2% | +10.4% |
| 2011 | 39.1% | -2.8% |
| 2012 | 37.1% | -4.9% |
| 2013 | 37.8% | +1.8% |
| 2014 | 41.6% | +9.9% |
| 2015 | 39.1% | -5.9% |
| 2016 | 35.6% | -9.1% |
| 2017 | 38.6% | +8.5% |
| 2018 | 37.6% | -2.7% |
| 2019 | 29.6% | -21.1% |
| 2020 | 36.7% | +23.7% |
| 2021 | 37.5% | +2.4% |
| 2022 | 36.1% | -3.8% |
| 2023 | 35.8% | -0.8% |
| 2024 | 36.1% | +0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 36.9% | 35.3% | 39.3% | 5 |
| 2010s | 37.6% | 29.6% | 41.6% | 10 |
| 2020s | 36.5% | 35.8% | 37.5% | 5 |
Countries ranked near Paraguay
- 50 El Salvador 37.0% compare
- 51 Peru 36.3% compare
- 52 Cape Verde 36.2% compare
- 54 Seychelles 36.0%
- 55 Côte d'Ivoire 35.6% compare
- 56 Tajikistan 35.3% compare
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 taxes on goods and services in Paraguay?
- Taxes on goods and services in Paraguay was 36.1% 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 41.6% in 2014.
- What is the lowest taxes on goods and services recorded in Paraguay?
- The lowest recorded value was 29.6% in 2019.
- How does Paraguay rank for taxes on goods and services?
- Paraguay ranks 53rd out of 156 countries with data for 2024.
- Is taxes on goods and services rising or falling in Paraguay?
- Over the last ten years it is down 13.1%. The long-run trend across the full record is falling.
- 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 (% of revenue). Statizoid updates them automatically from the source API.
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CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.