Paraguay

Paraguay posted real growth of +6.6% in 2025, and US$ GDP rose 10.1% to US$49.3 billion, yet it held at 99th, unchanged, between Turkmenistan and Bahrain. It is the 16th largest of 35 economies in Latin America & Caribbean and about the size of the Akron, OH metro area.

Industry accounts for 32.3% of output, with manufacturing at 19.4%. Services account for 48.1% and agriculture 11.6%. Inflation was 4.0%, unemployment 4.8% and government gross debt 38.2% of GDP.

With 7.0 million people, output per person is US$7,027, 106th of 196, and $20,181 international dollars on a purchasing-power basis, 100th. GDP has grown 5.6x since 2000, when it stood at US$8.9 billion and ranked 96th. The forecast is the eye-catcher: the IMF projects US$82.0 billion by 2030, a rise of +66% that would lift Paraguay to 90th among economies with forecasts.