Paraguay's tax revenue (current LCU) was 38.33 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 118.32% from 17.56 trillion in 2014 (8.12% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 38.33 trillion | 2024 |
| Five years earlier | 23.66 trillion | 2019 |
| Ten years earlier | 17.56 trillion | 2014 |
| Highest | 38.33 trillion | 2024 |
| Lowest | 5.48 trillion | 2005 |
| Average since 2015 | 25.6 trillion | 2015–2024 |
| First recorded | 5.48 trillion |
What the numbers say
In 2024, Paraguay's tax revenue (current LCU) rose 20.3% on 2023 (from 31.86 trillion to 38.33 trillion).
Across the 18 yearly changes before that (2006 to 2023), the average change was +10.5% and a typical year strayed about 7.4% from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 23.9% in 2010 and the biggest yearly fall was 3.5% in 2020. 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 1.93 trillion a year. A straight line explains 89% 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.
A straight-line projection, tested first
Extending that straight line gives about 39.15 trillion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 4.73 trillion, against 6.92 trillion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Paraguay had the 7th highest value of the 91 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
What this measures
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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
| Year | Tax revenue (current LCU) |
|---|---|
| 2024 | 38,333,378,751,253 |
| 2023 | 31,862,770,650,456 |
| 2022 | 30,074,316,910,285 |
| 2021 | 26,506,570,115,295 |
| 2020 | 22,827,884,731,279 |
| 2019 | 23,658,105,120,351 |
| 2018 | 23,230,715,169,197 |
| 2017 | 21,816,853,464,466 |
| 2016 | 19,562,362,449,873 |
| 2015 | 18,173,501,609,277 |
Tax revenue (current LCU) in nearby economies
- Argentina — 60.9 trillion (2024)
- Bahamas, The — 2.74 billion (2024)
- Barbados — 2.66 billion (2016)
- Belize — 967.44 million (2017)
- Brazil — 1.82 trillion (2024)
- Chile — 56.74 trillion (2024)
- Colombia — 260.77 trillion (2024)
- Costa Rica — 6.71 trillion (2024)
- Dominican Republic — 1.09 trillion (2024)
- Ecuador — 15.2 billion (2022)
- El Salvador — 7.6 billion (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
Questions people ask
- What is Paraguay's tax revenue (current LCU)?
- 38.33 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is up 599.2% from 5.48 trillion in 2005 (10.78% a year on average, compounded). The highest value was 38.33 trillion in 2024 and the lowest 5.48 trillion in 2005.
- How does Paraguay rank?
- 7th highest of 91 economies with data for 2024.
Source
World Bank, World Development Indicators, indicator GC.TAX.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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in