Paraguay: Government spending, percent of GDP

* indicates monthly or quarterly data series
 Paraguay

Government spending as percent of GDP

 Latest value 12.02
 Year 2023
 Measure percent
 Data availability 1962 - 2023
 Average 8.53
 Min - Max 5.49 - 12.64
 Source The World Bank
The latest value from 2023 is 12.02 percent, an increase from 11.86 percent in 2022. In comparison, the world average is 16.14 percent, based on data from 130 countries. Historically, the average for Paraguay from 1962 to 2023 is 8.53 percent. The minimum value, 5.49 percent, was reached in 1974 while the maximum of 12.64 percent was recorded in 2020. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Paraguay - Government spending, percent of GDP - Recent values chart

Historical series
Paraguay - Government spending, percent of GDP - historical chart - 1962-2023




The government size of Paraguay and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 12.02 2023 percent
 Government spending, in dollars 5.16 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -3.40 2021 percent
 Government debt 38.18 2023 percent
 Government expenditure 10,463.28 Q3/2024 billion
 Tax revenue 10.27 2022 percent
 Commercial tax rate 35.00 2019 percent
 Tax preparation time 378 2019 hours
 Number of taxes 19 2019 taxes
 Taxes on goods and services 44.93 2022 percent
 Taxes on international trade 7.12 2022 percent
 Income and profits taxes 21.81 2022 percent
 Foreign aid 96.72 2022 million U.S. dollars
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