Paraguay—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development Indicators ↗Global Rank: #11 of 116Updated April 2026
Latest Value
71 years
2023
YoY Change
+119.8%
2017 → 2023
Global Rank
#11
of 116 countries
Maximum
81 years
2010
Minimum
32 years
2017
CAGR
+3.8%
4 years
Last
71 years
Previous
32 years
Highest
81 years
Lowest
32 years
Source
World Bank World Development Indicators
Paraguay's average firm age (years) was 71 years in 2023, ranking #11 out of 116 countries. This represents a +119.8% change from 2017. Over the past 4 years, the highest recorded value was 81 years (2010) and the lowest was 32 years (2017). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 71 years | +119.8% |
| 2017 | 32 years | -60.2% |
| 2010 | 81 years | +115.1% |
| 2006 | 38 years |
Top Countries — Average Firm Age (years)
About This Indicator
Definition
The average wait, in days, to obtain an operating license, from the day of the application to the day it was granted.
Methodology
Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.