Paraguay Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Paraguay's government debt to gdp was 41.71% in 2025, ranked 123rd globally. This represents a 6.8% decrease from 2024. Data from IMF WEO, covering 1990–2025.
Overview
Paraguay's government debt to gdp stood at 41.71% in 2025, a decline of +3.06% from 2024. The IMF projects 41.71% by 2025. Paraguay ranked 123rd globally.
Paraguay’s government debt as a share of GDP stood at 41.71% in 2025, ranking 123rd globally, according to the IMF World Economic Outlook. This level reflects a significant decline from its historical peak of 67.00% in 1990, the earliest year on record, and marks a recovery from the all-time trough of 11.05% reached in 2011. Over the 36-year coverage period, the country has managed to moderate its debt burden despite periodic fluctuations linked to commodity price swings and fiscal policy adjustments. Paraguay's current debt-to-GDP ratio is closely aligned with peer economies such as Lithuania, which recorded 41.78%, as well as Mauritania at 41.20%. The trajectory of Paraguay’s public debt has been shaped by improved fiscal discipline, modest borrowing costs, and episodes of strong agricultural export performance. Looking ahead, the debt path could shift notably if public investment accelerates without corresponding revenue increases or if external financing conditions tighten in response to global monetary policy changes.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 38.18% | - | - |
| 2029* IMF | 38.66% | - | - |
| 2028* IMF | 39.20% | - | - |
| 2027* IMF | 39.91% | - | - |
| 2026* IMF | 40.61% | - | - |
| 2025* IMF | 41.71% | - | - |
| 2025 | 41.71% | −3.06% | #123 |
| 2024 | 44.77% | +3.71% | #68 |
| 2023 | 41.06% | +0.53% | #56 |
| 2022 | 40.53% | +3.03% | #56 |
| 2021 | 37.50% | +0.60% | #37 |
| 2020 | 36.90% | +11.13% | #34 |
| 2019 | 25.77% | +3.44% | #26 |
| 2018 | 22.33% | +2.48% | #25 |
| 2017 | 19.85% | +0.46% | #16 |
| 2016 | 19.39% | +0.78% | #17 |
| 2015 | 18.61% | +3.02% | #21 |
| 2014 | 15.59% | +2.09% | #24 |
| 2013 | 13.50% | +1.18% | #22 |
| 2012 | 12.31% | +1.26% | #20 |
| 2011 | 11.05% | −1.92% | #17 |
Detected Pattern
Analysis
Paraguay matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Paraguay's government debt to gdp was 41.71% in 2025. Ranked 123rd globally. This represents a 6.8% decrease from the previous year.
Paraguay's government debt to gdp peaked at 67.00% in 1990.
The lowest government debt to gdp in Paraguay was 11.05% in 2011.
Paraguay ranks 123rd globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Paraguay's government debt to gdp is projected to reach 41.71% by 2025 based on IMF projection.
The government debt to gdp of Paraguay in 2025 was 41.71%. This ranks 123rd in the world.
Cite this page
@misc{historysaid_paraguay_government-debt-to-gdp,
title = {Paraguay Government Debt to GDP},
url = {https://historysaid.com/paraguay/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}