Taxes on goods and services in Paraguay
Paraguay: Taxes on goods and services was 8.5% 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 % value added of industry and services.
Analysis
Paraguay recorded 8.5% for taxes on goods and services in 2024. That is the highest value across all 20 years on record.
That represents a change of up 7.1% on the previous year and up 4.0% over ten years.
Over the whole period, taxes on goods and services in Paraguay peaked at 8.5% in 2024 and was at its lowest, 6.4%, in 2006.
Paraguay ranks 93rd of 154 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Taxes on goods and services in Paraguay, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 2005 | 6.4% | — |
| 2006 | 6.4% | -0.4% |
| 2007 | 6.7% | +4.9% |
| 2008 | 6.9% | +3.4% |
| 2009 | 6.4% | -6.9% |
| 2010 | 7.5% | +16.6% |
| 2011 | 7.9% | +5.7% |
| 2012 | 7.6% | -3.8% |
| 2013 | 7.5% | -1.6% |
| 2014 | 8.2% | +9.2% |
| 2015 | 7.9% | -4.1% |
| 2016 | 7.8% | -0.4% |
| 2017 | 7.9% | +0.6% |
| 2018 | 8.0% | +1.0% |
| 2019 | 7.5% | -5.2% |
| 2020 | 7.4% | -2.2% |
| 2021 | 7.6% | +2.8% |
| 2022 | 7.5% | -0.6% |
| 2023 | 8.0% | +5.7% |
| 2024 | 8.5% | +7.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.6% | 6.4% | 6.9% | 5 |
| 2010s | 7.8% | 7.5% | 8.2% | 10 |
| 2020s | 7.8% | 7.4% | 8.5% | 5 |
Countries ranked near Paraguay
- 90 San Marino 8.7% compare
- 91 Kenya 8.7% compare
- 92 Zambia 8.7% compare
- 94 Saint Lucia 8.4% compare
- 95 Uzbekistan 8.4% compare
- 96 Rwanda 8.3% 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 8.5% 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 8.5% in 2024.
- What is the lowest taxes on goods and services recorded in Paraguay?
- The lowest recorded value was 6.4% in 2006.
- How does Paraguay rank for taxes on goods and services?
- Paraguay ranks 93rd out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in Paraguay?
- Over the last ten years it is up 4.0%. 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 Taxes on goods and services (% value added of industry and services). 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
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 value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.