Taxes on income, profits and capital gains in Paraguay
Paraguay: Taxes on income, profits and capital gains was 16.5% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Paraguay, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Paraguay recorded 16.5% for taxes on income, profits and capital gains in 2024.
The figure is up 14.1% on the previous year and up 28.5% over ten years.
Over the whole period, taxes on income, profits and capital gains in Paraguay peaked at 17.5% in 2022 and was at its lowest, 8.6%, in 2006.
That places Paraguay 114th out of 153 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Taxes on income, profits and capital gains in Paraguay, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2005 | 9.8% | — |
| 2006 | 8.6% | -12.9% |
| 2007 | 9.6% | +12.6% |
| 2008 | 10.4% | +7.6% |
| 2009 | 13.3% | +28.3% |
| 2010 | 10.9% | -18.4% |
| 2011 | 11.5% | +5.9% |
| 2012 | 11.6% | +0.8% |
| 2013 | 11.7% | +0.7% |
| 2014 | 12.8% | +9.7% |
| 2015 | 12.4% | -3.1% |
| 2016 | 11.9% | -4.1% |
| 2017 | 13.7% | +14.9% |
| 2018 | 13.1% | -4.6% |
| 2019 | 12.0% | -8.0% |
| 2020 | 15.0% | +24.9% |
| 2021 | 15.6% | +3.5% |
| 2022 | 17.5% | +12.7% |
| 2023 | 14.5% | -17.6% |
| 2024 | 16.5% | +14.1% |
Paraguay compared with similar countries
- Paraguay's 16.5% is below the median for upper middle income countries, which is 22.7%, 73% of the median. (48 countries reporting)
- Paraguay's 16.5% is below the median for Latin America & Caribbean, which is 25.4%, 65% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.4% | 8.6% | 13.3% | 5 |
| 2010s | 12.2% | 10.9% | 13.7% | 10 |
| 2020s | 15.8% | 14.5% | 17.5% | 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 taxes on income, profits and capital gains in Paraguay?
- Taxes on income, profits and capital gains in Paraguay was 16.5% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Paraguay?
- The highest recorded value was 17.5% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Paraguay?
- The lowest recorded value was 8.6% in 2006.
- How does Paraguay rank for taxes on income, profits and capital gains?
- Paraguay ranks 114th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Paraguay?
- Over the last ten years it is up 28.5%. 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 income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.