Paraguay: Trade (% of GDP)
In , Paraguay's Trade (% of GDP) was 76.83.
That's down 6.8% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Paraguay ranks #88 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #10 of 24.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 85.02
- Trough
- 62.76
- 1-year change
- -6.8%
- 5-year change
- +7.9%
- +1.5% / yr
- 10-year change
- +11.2%
- +1.1% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 76.8312 | |
| 82.4052 | |
| 73.7379 | |
| 69.7423 | |
| 62.7602 | |
| 71.2222 | |
| 72.0692 | |
| 71.0801 | |
| 67.7593 | |
| 66.9151 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Paraguay's Trade (% of GDP) in 2024?
- In 2024, Paraguay's Trade (% of GDP) was 76.83, according to World Bank Open Data.
- Is Paraguay's Trade (% of GDP) rising or falling?
- Paraguay's Trade (% of GDP) fell 6.8% from 2023 to 2024.
- How does Paraguay rank globally on Trade (% of GDP)?
- In 2024, Paraguay ranked #88 out of 160 countries reporting Trade (% of GDP).
- How does Paraguay's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Paraguay is below the world average. Within Latin America & Caribbean, it ranks #10 of 24.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.