Paraguay: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Paraguay |
Trade balance as percent of GDP |
|---|---|
| Latest value | 2.11 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1962 - 2023 |
| Average | 2.33 |
| Min - Max | -7.62 - 20.80 |
| Source | The World Bank |
The latest value from 2023 is 2.11 percent, an increase from -5 percent in 2022. In comparison, the world average is -3.03 percent, based on data from 137 countries. Historically, the average for Paraguay from 1962 to 2023 is 2.33 percent. The minimum value, -7.62 percent, was reached in 1982 while the maximum of 20.8 percent was recorded in 1989.
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* indicates monthly or quarterly data series
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The trade balance for Paraguay and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 145.93 | 2021 | percent |
| Trade openness | 82.99 | 2023 | percent |
| Financial openness | -0.042 | 2021 | index points |
| Exports, percent of GDP | 42.55 | 2023 | percent |
| Exports, billion dollars | 18.28 | 2023 | billion U.S. dollars |
| Growth of exports | 36.70 | 2023 | percent |
| Imports, percent of GDP | 40.44 | 2023 | percent |
| Imports, billion dollars | 17.37 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 0.56 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.67 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 2023 | million dollars (current) |
| Current account, percent of GDP | -7.14 | 2022 | percent |
| Current account, in dollars | 0.11 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 2.11 | 2023 | percent |
| Trade balance, in dollars | 0.80 | 2023 | billion U.S. dollars |
| Reserves | 9.89 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 1.40 | 2023 | percent |
| Remittances | 600.00 | 2023 | million U.S. dollars |
| Net errors and omissions | -887.28 | 2023 | million USD |
| External debt | 60.44 | 2022 | percent |
| Short-term external debt | 9.45 | 2022 | percent |
| Short-term debt to reserves | 24.33 | 2022 | percent |
| Foreign exchange reserves | 9.87 | 9/2024 | billion |