Paraguay—Government Expense (% of GDP)
Paraguay's government expense (% of GDP) was 18.9% in 2023, ranking #104 out of 138 countries. This represents a +14.3% change from 2022. Over the past 19 years, the highest recorded value was 20.4% (2019) and the lowest was 10.8% (2008). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 18.9% | +14.3% |
| 2022 | 16.6% | -1.0% |
| 2021 | 16.7% | -9.3% |
| 2020 | 18.5% | -9.2% |
| 2019 | 20.4% | +26.2% |
| 2018 | 16.1% | +11.5% |
| 2017 | 14.5% | -6.2% |
| 2016 | 15.4% | +4.0% |
| 2015 | 14.8% | +5.9% |
| 2014 | 14.0% | -2.5% |
| 2013 | 14.4% | -8.5% |
| 2012 | 15.7% | +20.0% |
| 2011 | 13.1% | +10.5% |
| 2010 | 11.8% | -5.9% |
| 2009 | 12.6% | +16.3% |
| 2008 | 10.8% | -5.8% |
| 2007 | 11.5% | -7.1% |
| 2006 | 12.4% | +0.7% |
| 2005 | 12.3% |
Top Countries — Government Expense (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Naoero | 103.6% | 2020 |
| 2 | Kiribati | 83.7% | 2023 |
| 3 | Ukraine | 65.6% | 2023 |
| 4 | Marshall Islands | 59.4% | 2020 |
| 5 | Palau | 59.0% | 2020 |
| 6 | Timor-Leste | 52.5% | 2022 |
| 7 | Greece | 47.3% | 2023 |
| 8 | Italy | 47.3% | 2023 |
| 9 | France | 47.3% | 2023 |
| 10 | Austria | 46.0% | 2023 |
About This Indicator
Definition
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Methodology
Original contributors: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD)
Unit
% of GDP