Taxes on income, profits and capital gains in Paraguay
Paraguay: Taxes on income, profits and capital gains was 27.7% 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 total taxes.
Analysis
Paraguay recorded 27.7% for taxes on income, profits and capital gains in 2024.
The figure is up 8.2% on the previous year and up 32.3% over ten years.
Over the whole period, taxes on income, profits and capital gains in Paraguay peaked at 29.1% in 2022 and was at its lowest, 15.2%, in 2006.
That places Paraguay 119th out of 153 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.
Taxes on income, profits and capital gains in Paraguay, year by year
| Year | % of total taxes | Change |
|---|---|---|
| 2005 | 17.4% | — |
| 2006 | 15.2% | -12.6% |
| 2007 | 17.4% | +14.9% |
| 2008 | 18.1% | +3.8% |
| 2009 | 23.7% | +31.1% |
| 2010 | 18.3% | -22.8% |
| 2011 | 19.7% | +7.6% |
| 2012 | 20.9% | +5.8% |
| 2013 | 20.9% | +0.0% |
| 2014 | 21.0% | +0.5% |
| 2015 | 21.6% | +2.8% |
| 2016 | 22.6% | +4.6% |
| 2017 | 23.1% | +2.6% |
| 2018 | 22.6% | -2.1% |
| 2019 | 25.4% | +12.2% |
| 2020 | 26.2% | +2.9% |
| 2021 | 26.2% | +0.0% |
| 2022 | 29.1% | +11.3% |
| 2023 | 25.6% | -12.0% |
| 2024 | 27.7% | +8.2% |
Paraguay compared with similar countries
- Paraguay's 27.7% is below the median for upper middle income countries, which is 37.1%, 75% of the median. (48 countries reporting)
- Paraguay's 27.7% is below the median for Latin America & Caribbean, which is 36.0%, 77% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.4% | 15.2% | 23.7% | 5 |
| 2010s | 21.6% | 18.3% | 25.4% | 10 |
| 2020s | 27.0% | 25.6% | 29.1% | 5 |
Countries ranked near Paraguay
More public sector data for Paraguay
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, 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)
- Chief executive of the government is elected, 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 income, profits and capital gains in Paraguay?
- Taxes on income, profits and capital gains in Paraguay was 27.7% 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 29.1% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Paraguay?
- The lowest recorded value was 15.2% in 2006.
- How does Paraguay rank for taxes on income, profits and capital gains?
- Paraguay ranks 119th 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 32.3%. 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 Taxes on income, profits and capital gains (% of total taxes). 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
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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.