Paraguay Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Paraguay's budget deficit was -1.66% in 2025, ranked 57th globally. This represents a 21.5% increase from 2024. Data from IMF WEO, covering 1980–2025.
Overview
Paraguay's budget deficit stood at -1.66% in 2025, a rise of +0.46% from 2024. The IMF projects -1.66% by 2025. Paraguay ranked 57th globally.
Paraguay's budget deficit has exhibited significant fluctuations over the past four decades, with a notable peak of 7.56 in 1990 and a trough of -5.72 in 2020. This variability underscores the country's fiscal management challenges, particularly in the context of regional peers. Notably, Honduras, a country with a comparable ranking, has experienced a budget deficit of -1.61, highlighting the region's fiscal similarities. Currently, Paraguay's budget deficit stands at -1.66, ranking 57th globally. The country's fiscal performance has shown improvement since the 2020 trough, albeit with some fluctuations. A sustained commitment to prudent fiscal policies and structural reforms could further reduce Paraguay's budget deficit and improve its global ranking. A significant decline in commodity prices or a protracted economic downturn, however, could undermine these efforts and reverse the trend, necessitating a reassessment of the country's fiscal strategy.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -1.29% | - | - |
| 2029* IMF | -1.27% | - | - |
| 2028* IMF | -1.27% | - | - |
| 2027* IMF | -1.29% | - | - |
| 2026* IMF | -1.32% | - | - |
| 2025* IMF | -1.66% | - | - |
| 2025 | -1.66% | +0.46% | #57 |
| 2024 | -2.12% | +1.69% | #108 |
| 2023 | -3.81% | −1.17% | #71 |
| 2022 | -2.64% | +0.75% | #101 |
| 2021 | -3.39% | +2.33% | #103 |
| 2020 | -5.72% | −3.28% | #99 |
| 2019 | -2.44% | −1.43% | #78 |
| 2018 | -1.01% | −0.58% | #114 |
| 2017 | -0.44% | −0.07% | #140 |
| 2016 | -0.37% | +0.06% | #142 |
| 2015 | -0.44% | −0.17% | #156 |
| 2014 | -0.27% | +0.89% | #146 |
| 2013 | -1.16% | −0.57% | #131 |
| 2012 | -0.58% | −1.87% | #133 |
| 2011 | 1.29% | −0.25% | #157 |
Detected Pattern
Analysis
Paraguay matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Paraguay's budget deficit was -1.66% in 2025. Ranked 57th globally. This represents a 21.5% increase from the previous year.
Paraguay's budget deficit peaked at 7.56% in 1990.
The lowest budget deficit in Paraguay was -5.72% in 2020.
Paraguay ranks 57th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Paraguay's budget deficit is projected to reach -1.66% by 2025 based on IMF projection.
The budget deficit of Paraguay in 2025 was -1.66%. This ranks 57th in the world.
Cite this page
@misc{historysaid_paraguay_budget-deficit,
title = {Paraguay Budget Deficit},
url = {https://historysaid.com/paraguay/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}