Paraguay Deposit Rate
Deposit interest rate FR.INR.DPST
Paraguay's deposit rate was 3.42% in 2021, ranked 71st globally. This represents a 1.7% increase from 2020. Data from World Bank, covering 1989–2021.
Overview
Paraguay's deposit rate stood at 3.42% in 2021, a rise of +0.06pp from 2020. Paraguay ranked 71st globally.
Paraguay’s deposit rate averaged 3.42% in 2021, ranking 71st globally, a marked decline from its all-time peak of 22.86% in 2002 and only slightly above its historical low of 1.21% reached in 2010. Over the 33-year coverage period from 1989 to 2021, the rate has undergone significant disinflationary adjustment, falling from 17.28% in the initial recorded year. This sustained downward trajectory reflects broader macroeconomic stabilization, improved monetary policy credibility, and integration into regional financial markets. In 2021, Paraguay’s rate was closely aligned with peer economies such as Jordan at 3.44% and Viet Nam at 3.38%, suggesting a convergence toward moderate deposit rates typical of emerging markets with controlled inflation. The prolonged reduction in rates since the early 2000s indicates a shift from high-interest volatility to a more stable financial environment. Future movements in the deposit rate will likely depend on central bank policy responses to inflation pressures, regional interest rate trends, and fiscal discipline, with potential for further gradual adjustments if macroeconomic stability is maintained.
Data & projection
| Year | Deposit Rate | YoY change | Rank |
|---|---|---|---|
| 2021 | 3.42% | +0.06pp | #71 |
| 2020 | 3.37% | −0.07pp | #66 |
| 2019 | 3.44% | −0.04pp | #61 |
| 2018 | 3.48% | −0.11pp | #69 |
| 2017 | 3.59% | −0.16pp | #79 |
| 2016 | 3.76% | +0.24pp | #77 |
| 2015 | 3.51% | −0.79pp | #74 |
| 2014 | 4.31% | +0.07pp | #87 |
| 2013 | 4.24% | +0.32pp | #86 |
| 2012 | 3.92% | −0.11pp | #73 |
| 2011 | 4.03% | +2.81pp | #67 |
| 2010 | 1.21% | −0.24pp | #17 |
| 2009 | 1.46% | −1.62pp | #15 |
| 2008 | 3.08% | −1.93pp | #30 |
| 2007 | 5.00% | −1.72pp | #61 |
Detected Pattern
Analysis
Paraguay matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw deposit rate improve within 24 months. View full analysis →
Frequently Asked Questions
Paraguay's deposit rate was 3.42% in 2021. Ranked 71st globally. This represents a 1.7% increase from the previous year.
Paraguay's deposit rate peaked at 22.86% in 2002.
The lowest deposit rate in Paraguay was 1.21% in 2010.
Paraguay ranks 71st globally in deposit rate as of 2021.
The World Bank indicator code is FR.INR.DPST. Data sourced from World Bank.
The deposit rate of Paraguay in 2021 was 3.42%. This ranks 71st in the world.
Cite this page
@misc{historysaid_paraguay_deposit-rate,
title = {Paraguay Deposit Rate},
url = {https://historysaid.com/paraguay/deposit-rate/},
publisher = {HistorySaid},
year = {2026}
}