Paraguay: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Paraguay

Fiscal balance, percent of GDP

 Latest value -3.40
 Year 2021
 Measure percent
 Data availability 2004 - 2021
 Average -0.27
 Min - Max -5.70 - 2.30
 Source Ministry of Finance (Paraguay)
The latest value from 2021 is -3.4 percent, an increase from -5.7 percent in 2020. In comparison, the world average is -3.96 percent, based on data from 175 countries. Historically, the average for Paraguay from 2004 to 2021 is -0.27 percent. The minimum value, -5.7 percent, was reached in 2020 while the maximum of 2.3 percent was recorded in 2008. See the global rankings or world map 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 - Fiscal balance, percent of GDP - Recent values chart

Historical series
Paraguay - Fiscal balance, percent of GDP - historical chart - 2004-2021




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

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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 9,983.01 Q1/2025 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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