Paraguay Government Debt: % of GDP

2014 - 2025 | Quarterly | % | CEIC Data

Key information about Paraguay Government Debt: % of GDP

  • Paraguay Government debt accounted for 33.2 % of the country's Nominal GDP in Dec 2025, compared with the ratio of 35.4 % in the previous quarter.
  • Paraguay government debt to GDP ratio data is updated quarterly, available from Dec 2014 to Dec 2025.
  • The data reached an all-time high of 38.3 % in Mar 2025 and a record low of 12.4 % in Dec 2014.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Under Secretary of State for Economic Affairs provides Government Debt in USD. The Central Bank of Paraguay provides Nominal GDP in local currency. The Central Bank of Paraguay average market exchange rate is used for currency conversions. Government Debt covers Central Government only.


Related information about Paraguay Government Debt: % of GDP

  • In the latest reports, Paraguay National Government Debt reached 16.2 USD bn in Dec 2024.
  • The country's Nominal GDP reached 11.3 USD bn in Jun 2025.

View Paraguay's Government Debt: % of GDP from Dec 2014 to Dec 2025 in the chart:

Paraguay Government Debt: % of GDP

What was Paraguay's Government Debt: % of GDP in Dec 2025?

Paraguay Government debt accounted for 33.2 % of the country's Nominal GDP in Dec 2025, compared with the ratio of 35.4 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
33.2 Dec 2025 35.4 Sep 2025 12.4 Dec 2014 38.3 Mar 2025 % quarterly Dec 2014 - Dec 2025

Government Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 51.8 Dec 2025 quarterly Sep 2010 - Dec 2025
Algeria (%) 47.8 2024 yearly 1997 - 2024
Argentina (%) 73.3 Jun 2025 quarterly Dec 2004 - Jun 2025
Armenia (%) 46.2 Mar 2026 quarterly Dec 2013 - Mar 2026
Australia (%) 38.3 2024 yearly 1999 - 2024
Austria (%) 81.5 Dec 2025 quarterly Mar 2000 - Dec 2025
Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
Bahrain (%) 105.4 Dec 2025 quarterly Dec 2007 - Dec 2025
Bangladesh (%) 38.9 2025 yearly 2010 - 2025
Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 107.9 Dec 2025 quarterly Dec 1980 - Dec 2025
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 18.7 2024 yearly 2007 - 2024
Botswana (%) 30.2 Dec 2025 quarterly Jun 2014 - Dec 2025
Brazil (%) 80.0 Mar 2026 quarterly Dec 2006 - Mar 2026
Bulgaria (%) 29.9 Dec 2025 quarterly Mar 2007 - Dec 2025
Cambodia (%) 26.0 2024 yearly 2013 - 2024
Canada (%) 69.2 2025 yearly 1962 - 2025
Chile (%) 42.6 Dec 2025 quarterly Mar 2002 - Dec 2025
China (%) 29.4 Dec 2025 quarterly Mar 2014 - Dec 2025
Colombia (%) 66.9 Dec 2025 quarterly Dec 2005 - Dec 2025
Croatia (%) 56.5 Dec 2025 quarterly Dec 1995 - Dec 2025
Cyprus (%) 55.0 Dec 2025 quarterly Dec 2010 - Dec 2025
Czech Republic (%) 44.3 Dec 2025 quarterly Mar 2000 - Dec 2025
Denmark (%) 27.9 Dec 2025 quarterly Mar 2000 - Dec 2025
Ecuador (%) 67.1 Dec 2025 quarterly Dec 2005 - Dec 2025
Egypt (%) 60.0 Dec 2025 quarterly Jun 2006 - Dec 2025
Estonia (%) 24.1 Dec 2025 quarterly Mar 2000 - Dec 2025
European Union (%) 81.7 Dec 2025 quarterly Mar 2000 - Dec 2025
Finland (%) 88.5 Dec 2025 quarterly Mar 2000 - Dec 2025
France (%) 110.6 Dec 2023 quarterly Dec 1995 - Dec 2023
Georgia (%) 34.2 Dec 2025 quarterly Mar 2006 - Dec 2025
Germany (%) 63.5 Dec 2025 quarterly Mar 2000 - Dec 2025
Ghana (%) 61.8 2024 yearly 2006 - 2024
Greece (%) 146.1 Dec 2025 quarterly Dec 1999 - Dec 2025
Hong Kong SAR, China (%) 46.1 2025 yearly 2003 - 2025
Hungary (%) 77.9 Mar 2026 quarterly Dec 1990 - Mar 2026
Iceland (%) 56.1 2025 yearly 1998 - 2025
India (%) 58.5 Dec 2025 quarterly Mar 2012 - Dec 2025
Indonesia (%) 40.8 Mar 2026 quarterly Jun 2015 - Mar 2026
Iran (%) 8.7 Jun 2025 quarterly Mar 1998 - Jun 2025
Ireland (%) 32.9 Dec 2025 quarterly Mar 2000 - Dec 2025
Israel (%) 67.2 2025 yearly 1995 - 2025
Italy (%) 137.1 Dec 2025 quarterly Dec 1995 - Dec 2025
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 200.6 Mar 2026 quarterly Jun 1982 - Mar 2026
Jordan (%) 83.1 Dec 2025 quarterly Mar 2002 - Dec 2025
Kazakhstan (%) 22.8 Dec 2025 quarterly Mar 2005 - Dec 2025
Kenya (%) 68.9 Sep 2025 quarterly Dec 2009 - Sep 2025
South Korea (%) 47.4 Dec 2025 quarterly Sep 2002 - Dec 2025
Kosovo (%) 19.9 2022 yearly 2009 - 2022
Kuwait (%) 4.7 Dec 2025 quarterly Dec 2010 - Dec 2025
Kyrgyzstan (%) 39.5 Dec 2025 quarterly Mar 2011 - Dec 2025
Latvia (%) 46.9 Dec 2025 quarterly Mar 2000 - Dec 2025
Lebanon (%) 24.7 2022 yearly 1998 - 2022
Lithuania (%) 39.1 Jun 2025 quarterly Mar 2000 - Jun 2025
Luxembourg (%) 26.5 Dec 2025 quarterly Dec 1997 - Dec 2025
North Macedonia (%) 51.8 Dec 2025 quarterly Dec 2009 - Dec 2025
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 65.3 Mar 2026 quarterly Dec 2010 - Mar 2026
Malta (%) 46.4 Dec 2025 quarterly Mar 2000 - Dec 2025
Mauritius (%) 80.8 Mar 2026 quarterly Jun 2003 - Mar 2026
Mexico (%) 57.9 Mar 2026 quarterly Dec 2005 - Mar 2026
Moldova (%) 37.6 Dec 2025 quarterly Mar 2007 - Dec 2025
Mongolia (%) 38.6 Jun 2025 quarterly Dec 2017 - Jun 2025
Montenegro (%) 58.3 Sep 2025 quarterly Dec 2010 - Sep 2025
Morocco (%) 71.4 2022 yearly 1994 - 2022
Nepal (%) 39.9 2021 yearly 1990 - 2021
Netherlands (%) 44.4 Dec 2025 quarterly Dec 1999 - Dec 2025
New Zealand (%) 49.4 Dec 2025 quarterly Dec 2006 - Dec 2025
Nigeria (%) 35.9 Dec 2025 quarterly Dec 2010 - Dec 2025
Norway (%) 54.3 2025 yearly 1995 - 2025
Oman (%) 34.6 2025 yearly 1990 - 2025
Pakistan (%) 68.3 2025 yearly 2000 - 2025
Palestinian Territory (%) 103.8 Dec 2025 quarterly Dec 2010 - Dec 2025
Panama (%) 65.6 Dec 2025 quarterly Dec 2007 - Dec 2025
Paraguay (%) 33.2 Dec 2025 quarterly Dec 2014 - Dec 2025
Peru (%) 29.3 Mar 2026 quarterly Mar 1999 - Mar 2026
Philippines (%) 65.2 Mar 2026 quarterly Mar 1993 - Mar 2026
Poland (%) 59.7 Dec 2025 quarterly Mar 2000 - Dec 2025
Portugal (%) 90.9 Mar 2026 quarterly Dec 1995 - Mar 2026
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 59.4 Dec 2025 quarterly Dec 2011 - Dec 2025
Russia (%) 16.4 Dec 2025 quarterly Dec 2011 - Dec 2025
Saudi Arabia (%) 34.4 Mar 2026 quarterly Dec 2016 - Mar 2026
Serbia (%) 44.4 Dec 2025 quarterly Sep 2004 - Dec 2025
Singapore (%) 166.2 Mar 2026 quarterly Mar 1990 - Mar 2026
Slovakia (%) 62.3 Sep 2025 quarterly Mar 2000 - Sep 2025
Slovenia (%) 65.7 Dec 2025 quarterly Dec 1999 - Dec 2025
South Africa (%) 78.5 Mar 2026 quarterly Dec 1960 - Mar 2026
Spain (%) 100.7 Dec 2025 quarterly Mar 1995 - Dec 2025
Sri Lanka (%) 91.6 Dec 2025 quarterly Mar 2014 - Dec 2025
Sweden (%) 35.1 Dec 2025 quarterly Mar 1996 - Dec 2025
Switzerland (%) 22.2 2029 yearly 1990 - 2029
Taiwan, China (%) 26.8 2024 yearly 1996 - 2024
Tajikistan (%) 36.3 2021 yearly 1999 - 2021
Thailand (%) 59.1 Dec 2025 quarterly Dec 1997 - Dec 2025
Tunisia (%) 80.5 2025 yearly 2016 - 2025
Turkey (%) 23.8 Dec 2025 quarterly Dec 2001 - Dec 2025
Ukraine (%) 98.6 Dec 2025 quarterly Dec 2010 - Dec 2025

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Paraguay Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.4 Dec 2025 quarterly Dec 2003 - Dec 2025
Consolidated Fiscal Balance (USD mn) 119.369 Apr 2026 monthly Jan 2003 - Apr 2026
Tax Revenue (USD mn) 751.073 Apr 2026 monthly Jan 1998 - Apr 2026
Tax Revenue: % of GDP (%) 10.2 Dec 2025 quarterly Mar 1998 - Dec 2025
National Government Debt (USD mn) 16,217.1 2024 yearly 2003 - 2024
Government Debt: % of GDP (%) 33.2 Dec 2025 quarterly Dec 2014 - Dec 2025
Forecast: Government Expenditure (PYG bn) 110,109.837 2031 yearly 1980 - 2031
Forecast: Government Net Debt (PYG bn) 205,645.603 2031 yearly 1990 - 2031
Forecast: Government Revenue (PYG bn) 102,131.153 2031 yearly 1980 - 2031
Central Government: Operating Balance (PYG mn) 754,700.506 Apr 2026 monthly Jan 2003 - Apr 2026
Central Government: Net Acquisition of Nonfinancial Assets (NANFA) (PYG mn) 728,284.060 Apr 2026 monthly Jan 2003 - Apr 2026
Central Government: Revenue: Total (PYG mn) 5,671,402.324 Apr 2026 monthly Jan 2003 - Apr 2026
Central Government: Loan Net / Net Debt (PYG mn) 26,416.446 Apr 2026 monthly Jan 2003 - Apr 2026
Central Government: Expenditure: Total (PYG mn) 4,916,701.818 Apr 2026 monthly Jan 2003 - Apr 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.724 2028 yearly 1980 - 2028
Trade Balance (USD mn) 98.1 May 2026 monthly Jan 1994 - May 2026
Total Exports (USD mn) 1,695.3 May 2026 monthly Jan 1994 - May 2026
Total Exports Growth (%) 22.6 May 2026 monthly Jan 1995 - May 2026
Aluminum: Exports (USD th) 6,225.847 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 84,507.821 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 6,441.817 2024 yearly 1995 - 2024
Total Imports (USD mn) 1,597.2 May 2026 monthly Jan 1994 - May 2026
Total Imports Growth (%) 0.8 May 2026 monthly Jan 1995 - May 2026
Imports: Medicament (USD th) 262,910.622 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 239,466.464 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 33.400 Feb 2026 monthly Nov 1978 - Feb 2026
Total Imports from USA (USD mn) 299.622 Mar 2026 quarterly Mar 1994 - Mar 2026
Total Exports to China (USD mn) 52.871 2025 yearly 2000 - 2025
Total Imports from China (USD mn) 1,641.173 Mar 2026 quarterly Mar 2000 - Mar 2026
Exports: fob: Russia (USD th) 12,019.852 Mar 2026 quarterly Mar 1994 - Mar 2026
Exports: fob: Argentina (USD th) 1,344,702.893 Mar 2026 quarterly Mar 1994 - Mar 2026
Exports: fob: Chile (USD th) 209,811.401 Mar 2026 quarterly Mar 1994 - Mar 2026
Exports: fob: Uruguay (USD th) 53,606.378 Mar 2026 quarterly Mar 1994 - Mar 2026
Exports: fob: Brazil (USD th) 832,501.524 Mar 2026 quarterly Mar 1994 - Mar 2026
Exports: Registered: NAFTA: USA (USD th) 589,024.205 2025 yearly 1961 - 2025
Exports: Registered: Asia: China (USD th) 52,871.025 2025 yearly 1961 - 2025
Exports: Fuels & Energy: Electric Power (USD th) 93,091.026 May 2026 monthly Jan 1994 - May 2026
Exports: Agricultural Products: Beef (USD th) 138,252.868 May 2026 monthly Jan 1994 - May 2026
Exports: Agricultural Products: Soybean Oil (USD th) 64,101.392 May 2026 monthly Jan 1994 - May 2026
Exports: Primary Products: Soy (USD th) 431,776.543 May 2026 monthly Jan 1994 - May 2026
Exports: Agricultural Products: Cakes, Soy Flours & Pellets (USD th) 66,964.656 May 2026 monthly Jan 1994 - May 2026
Imports: fob: United States (USD th) 299,621.710 Mar 2026 quarterly Mar 1994 - Mar 2026
Imports: fob: Brazil (USD th) 954,670.826 Mar 2026 quarterly Mar 1994 - Mar 2026
Imports: fob: Argentina (USD th) 246,218.854 Mar 2026 quarterly Mar 1994 - Mar 2026
Imports: fob: Japan (USD th) 84,133.407 Mar 2026 quarterly Mar 1994 - Mar 2026
Imports: fob: China (USD th) 1,641,172.938 Mar 2026 quarterly Mar 1994 - Mar 2026
Imports: Capital Goods: MAM: Computers (USD th) 9,700.947 May 2026 monthly Jan 1994 - May 2026
Imports: Intermediate Goods: Fuels & Lubricants: Gas oil (USD th) 103,003.172 May 2026 monthly Jan 1994 - May 2026
Imports: Capital Goods: MAM: Other Engines & Equipment (USD th) 104,909.022 May 2026 monthly Jan 1994 - May 2026
Imports: Capital Goods: MAM: Spare Parts & Accessories for Machines, Engines & E... (USD th) 69,320.657 May 2026 monthly Jan 1994 - May 2026
Imports: Intermediate Goods: Chemicals (USD th) 159,651.973 May 2026 monthly Jan 1994 - May 2026
Trade Balance (USD th) 98,099.063 May 2026 monthly Jan 1994 - May 2026
Import Value Index (2015=100) 156.500 2023 yearly 1980 - 2023
Export Value Index (2015=100) 142.300 2023 yearly 1980 - 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -58.5 Jun 2025 quarterly Mar 2008 - Jun 2025
Current Account Balance (USD mn) -663.9 Dec 2025 quarterly Mar 2008 - Dec 2025
Current Account Balance: % of GDP (%) -4.7 Dec 2025 quarterly Mar 2000 - Dec 2025
Foreign Direct Investment (USD mn) 339.5 Dec 2025 quarterly Mar 2008 - Dec 2025
Foreign Direct Investment: % of GDP (%) 2.4 Dec 2025 quarterly Mar 2000 - Dec 2025
Foreign Portfolio Investment (USD mn) -336.520 Dec 2025 quarterly Mar 2000 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) -0.0 Dec 2025 quarterly Mar 2000 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Dec 2025 quarterly Mar 2000 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) -336.520 Dec 2025 quarterly Mar 2000 - Dec 2025
External Debt (USD mn) 29,733.3 Dec 2025 quarterly Mar 2008 - Dec 2025
External Debt: % of GDP (%) 59.8 2025 yearly 2000 - 2025
External Debt: Short Term (USD mn) 4,654.1 Dec 2021 quarterly Dec 2002 - Dec 2021
External Debt: Short Term: % of GDP (%) 11.6 2021 yearly 2002 - 2021
Forecast: Current Account Balance (USD bn) -0.139 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) -17,593.282 Dec 2025 quarterly Mar 2001 - Dec 2025
BoP: Current Account: Services: Exports (USD mn) 245.177 Sep 2018 quarterly Mar 2000 - Sep 2018
BoP: Current Account: Services: Imports (USD mn) -318.600 Sep 2018 quarterly Mar 2000 - Sep 2018
BoP: Current Account: Goods: Imports (USD mn) -3,361.324 Sep 2018 quarterly Mar 2000 - Sep 2018
External Debt: Monetary Authority: Short Term (USD mn) 0.000 Dec 2018 quarterly Dec 2002 - Dec 2018
External Debt: Others: Short Term (USD mn) 4,126.020 Dec 2018 quarterly Dec 2002 - Dec 2018
External Debt: Banks: Short Term (USD mn) 514.311 Dec 2018 quarterly Dec 2002 - Dec 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.4 Apr 2026 monthly Jan 1999 - Apr 2026
Money Supply M1 (USD mn) 7,346.430 Mar 2026 monthly Dec 1988 - Mar 2026
Money Supply M2 (USD mn) 15,138.567 Mar 2026 monthly Dec 1988 - Mar 2026
M2 Growth (%) 14.1 Apr 2026 monthly Dec 1989 - Apr 2026
Foreign Exchange Reserves (USD mn) 9,379.7 May 2026 monthly Dec 1956 - May 2026
Foreign Exchange Reserves: % of GDP (%) 18.265 Dec 2025 quarterly Dec 1994 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 5.9 May 2026 monthly Jan 1994 - May 2026
Gold Reserves (USD mn) 1,206.463 May 2026 monthly Dec 1956 - May 2026
Total Deposits (USD mn) 28,714.565 Mar 2026 monthly Jan 1994 - Mar 2026
Total Deposits Growth (%) 4.1 Apr 2026 monthly Jan 1995 - Apr 2026
Domestic Credit (USD mn) 29,865.7 Jan 2026 monthly Dec 2001 - Jan 2026
Domestic Credit Growth (%) 10.5 Jan 2026 monthly Dec 2002 - Jan 2026
Total Loans (USD mn) 30,031.772 Mar 2026 monthly Jan 2006 - Mar 2026
Total Loans Growth (%) -92.56 Apr 2026 monthly Jan 2007 - Apr 2026
Private Debt: % of Nominal GDP (%) 40.85 Sep 2023 quarterly Dec 1994 - Sep 2023
International Reserves (USD mn) 11,459.996 May 2026 monthly Jan 1994 - May 2026
Monetary Aggregate: M2 (PYG mn) 98,165,658.816 Apr 2026 monthly Jan 1994 - Apr 2026
Monetary Aggregate: Monetary Base (PYG mn) 31,044,707.517 Apr 2026 monthly Jan 1994 - Apr 2026
Monetary Aggregate: M1 (PYG mn) 46,626,483.137 Apr 2026 monthly Jan 1994 - Apr 2026
Monetary Aggregate: M3 (PYG mn) 164,600,884.603 Apr 2026 monthly Jan 1994 - Apr 2026
International Reserves: USD (USD mn) 6,783.55 Aug 2018 monthly Jan 1994 - Aug 2018

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