Paraguay: Net incurrence of liabilities, total (current LCU)

Key figures

What the numbers say

In 2024, Paraguay's net incurrence of liabilities, total (current LCU) fell 3.37 trillion on 2023 (from 13.03 trillion to 9.66 trillion).

Across the 18 yearly changes before that (2006 to 2023), the average change was +738.2 billion and a typical year strayed about 5.01 trillion from that (the standard deviation). This year's change was 0.8 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 14.99 trillion in 2020 and the biggest yearly fall was 11.4 trillion in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 1.11 trillion a year. A straight line explains 33% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Paraguay had the 5th highest value of the 55 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Paraguay in the 2024 ranking

• Colombia — 1st of 55: 99.03 trillion
• Korea, Rep. — 2nd of 55: 51.22 trillion
• Argentina — 3rd of 55: 21.12 trillion
• Tanzania — 5th of 55: 8 trillion
• Uganda — 6th of 55: 7.8 trillion
• Chile — 7th of 55: 7.77 trillion

What this measures

Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 20 values

Net incurrence of liabilities, total (current LCU) in nearby economies

• Argentina — 21.12 trillion (2024)
• Bahamas, The — 61.81 million (2024)
• Barbados — 464.42 million (2016)
• Brazil — 865.42 billion (2024)
• Chile — 7.77 trillion (2024)
• Colombia — 99.03 trillion (2024)
• Dominican Republic — 208.08 billion (2024)
• Ecuador — 2.95 billion (2022)
• El Salvador — 859.6 million (2024)
• Guatemala

More public sector data for Paraguay

• Military expenditure (current USD) — 421.1 million (2025)
• Military expenditure (current LCU) — 3.19 trillion (2025)
• Military expenditure (% of GDP) — 0.88% (2025)
• Arms imports (SIPRI trend indicator values) — 24 million (2025)
• Military expenditure (% of general government expenditure) — 4.31% (2025)
• Armed forces personnel, total — 29,000 (2020)
• Armed forces personnel (% of total labor force) — 0.88% (2020)
• Intentional homicides (per 100,000 people) — 6.78 (2023)
• Statistical performance indicators (SPI): Pillar 1 data use score (scale 0-100) — 70 (2024)

Reading data like this

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Questions people ask

What is Paraguay's net incurrence of liabilities, total (current LCU)?

9.66 trillion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 3,887% from -255.1 billion in 2005. The highest value was 22.11 trillion in 2020 and the lowest -793.75 billion in 2008.

How does Paraguay rank?

5th highest of 55 economies with data for 2024.

Is the latest change in net incurrence of liabilities, total (current LCU) unusual for Paraguay?

In 2024, Paraguay's net incurrence of liabilities, total (current LCU) fell 3.37 trillion on 2023 (from 13.03 trillion to 9.66 trillion). Across the 18 yearly changes before that (2006 to 2023), the average change was +738.2 billion and a typical year strayed about 5.01 trillion from that (the standard deviation). This year's change was 0.8 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator GC.LBL.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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