Remittance inflows to GDP in Paraguay
Paraguay: Remittance inflows to GDP was 1.6% in 2020. ▲ Rising
Remittance inflows to GDP in Paraguay, 1975–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
Paraguay recorded 1.6% for remittance inflows to gdp in 2020.
Compared with earlier readings it is down 6.2% on the previous year and up 9.0% over ten years.
Over the whole period, remittance inflows to gdp in Paraguay peaked at 2.5% in 2006 and was at its lowest, 0.3%, in 1985.
Paraguay ranks 114th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 46 years of available data.
Remittance inflows to GDP in Paraguay, year by year
| Year | % | Change |
|---|---|---|
| 1975 | 0.4% | — |
| 1976 | 0.4% | +10.1% |
| 1977 | 0.8% | +94.7% |
| 1978 | 1.5% | +75.1% |
| 1979 | 1.1% | -27.3% |
| 1980 | 1.2% | +9.9% |
| 1981 | 1.1% | -4.2% |
| 1982 | 0.8% | -31.9% |
| 1983 | 0.6% | -23.4% |
| 1984 | 0.5% | -8.9% |
| 1985 | 0.3% | -45.1% |
| 1986 | 0.4% | +25.8% |
| 1987 | 0.6% | +55.4% |
| 1988 | 0.6% | -1.8% |
| 1989 | 0.8% | +47.8% |
| 1990 | 0.6% | -30.0% |
| 1991 | 0.6% | +4.4% |
| 1992 | 0.9% | +47.1% |
| 1993 | 1.3% | +46.2% |
| 1994 | 1.9% | +44.0% |
| 1995 | 1.5% | -20.8% |
| 1996 | 1.4% | -6.0% |
| 1997 | 1.4% | +1.3% |
| 1998 | 1.5% | +8.7% |
| 1999 | 1.7% | +8.8% |
| 2000 | 1.7% | +2.3% |
| 2001 | 1.6% | -3.8% |
| 2002 | 1.4% | -16.8% |
| 2003 | 1.4% | +3.8% |
| 2004 | 1.4% | -3.7% |
| 2005 | 1.5% | +9.5% |
| 2006 | 2.5% | +66.6% |
| 2007 | 1.9% | -23.7% |
| 2008 | 1.5% | -22.8% |
| 2009 | 1.7% | +14.6% |
| 2010 | 1.5% | -10.5% |
| 2011 | 1.6% | +6.1% |
| 2012 | 1.9% | +18.8% |
| 2013 | 1.6% | -15.3% |
| 2014 | 1.3% | -22.2% |
| 2015 | 1.5% | +21.9% |
| 2016 | 1.8% | +19.0% |
| 2017 | 1.8% | -0.8% |
| 2018 | 1.7% | -6.0% |
| 2019 | 1.8% | +3.4% |
| 2020 | 1.6% | -6.2% |
Paraguay compared with similar countries
- Paraguay's 1.6% is below the median for upper middle income countries, which is 4.0%, 41% of the median. (58 countries reporting)
- Paraguay's 1.6% is below the median for Latin America & Caribbean, which is 3.3%, 50% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.8% | 0.4% | 1.5% | 5 |
| 1980s | 0.7% | 0.3% | 1.2% | 10 |
| 1990s | 1.3% | 0.6% | 1.9% | 10 |
| 2000s | 1.7% | 1.4% | 2.5% | 10 |
| 2010s | 1.6% | 1.3% | 1.9% | 10 |
| 2020s | 1.6% | 1.6% | 1.6% | 1 |
Countries ranked near Paraguay
More financial sector data for Paraguay
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 9.15 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 6.68 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 9.15 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is remittance inflows to gdp in Paraguay?
- Remittance inflows to gdp in Paraguay was 1.6% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Paraguay?
- The highest recorded value was 2.5% in 2006.
- What is the lowest remittance inflows to gdp recorded in Paraguay?
- The lowest recorded value was 0.3% in 1985.
- How does Paraguay rank for remittance inflows to gdp?
- Paraguay ranks 114th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Paraguay?
- Over the last ten years it is up 9.0%. The long-run trend across the full record is rising.
- Where does this Paraguay data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.