Paraguay: Fiscal freedom
* indicates monthly or quarterly data series
Paraguay |
Fiscal freedom index (0-100) |
---|---|
Latest value | 46 |
Year | 2024 |
Measure | points |
Data availability | 1995 - 2024 |
Average | 90 |
Min - Max | 45 - 98 |
Source | The Heritage Foundation |
The latest value from 2024 is 46 points, an increase from 45 points in 2023. In comparison, the world average is 52 points, based on data from 174 countries. Historically, the average for Paraguay from 1995 to 2024 is 90 points. The minimum value, 45 points, was reached in 2023 while the maximum of 98 points was recorded in 2011.
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The Fiscal Freedom index for Paraguay from The Heritage Foundation reflects the tax burden imposed by the government, including the direct taxes on individuals and corporations and the overall amount of tax revenue as a a share of GDP.
Definition: The Fiscal freedom index measures the tax burden imposed by government. It is composed of three quantitative factors: the top marginal tax rate on individual income, the top marginal tax rate on corporate income, and the total tax burden as a percentage of GDP.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Property rights | 45 | 2024 | points |
Freedom from corruption | 27 | 2024 | points |
Fiscal freedom | 46 | 2024 | points |
Business freedom | 69 | 2024 | points |
Labor freedom | 40 | 2024 | points |
Monetary freedom | 67.30 | 2024 | points |
Trade freedom | 77 | 2024 | points |
Investment freedom | 75 | 2024 | points |
Financial freedom | 60 | 2024 | points |
Economic freedom, overall index | 60 | 2024 | index points |