Paraguay—Tax Revenue (% of GDP)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #112 of 139Updated July 2026
Latest Value
11.4%
2024
YoY Change
+12.5%
2023 → 2024
Global Rank
#112
of 139 countries
Maximum
11.4%
2024
Minimum
7.8%
2007
CAGR
+1.7%
20 years
Last
11.4%
Previous
10.1%
Highest
11.4%
Lowest
7.8%
Source
World Bank World Development Indicators
Paraguay's tax revenue (% of GDP) was 11.4% in 2024, ranking #112 out of 139 countries. This represents a +12.5% change from 2023. Over the past 20 years, the highest recorded value was 11.4% (2024) and the lowest was 7.8% (2007). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 11.4% | +12.5% |
| 2023 | 10.1% | -1.2% |
| 2022 | 10.3% | +4.8% |
| 2021 | 9.8% | +2.9% |
| 2020 | 9.5% | -4.8% |
| 2019 | 10.0% | -0.8% |
| 2018 | 10.1% | +1.2% |
| 2017 | 10.0% | +4.2% |
| 2016 | 9.6% | -0.9% |
| 2015 | 9.6% | -1.1% |
| 2014 | 9.7% | +9.1% |
| 2013 | 8.9% | -5.6% |
| 2012 | 9.5% | +1.0% |
| 2011 | 9.4% | +5.6% |
| 2010 | 8.9% | +6.5% |
| 2009 | 8.3% | +2.9% |
| 2008 | 8.1% | +3.3% |
| 2007 | 7.8% | -6.1% |
| 2006 | 8.4% | +1.0% |
| 2005 | 8.3% |
Top Countries — Tax Revenue (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Lesotho | 37.3% | 2024 |
| 2 | Denmark | 33.4% | 2024 |
| 3 | Namibia | 33.0% | 2023 |
| 4 | New Zealand | 29.7% | 2024 |
| 5 | Luxembourg | 28.6% | 2024 |
| 6 | Greece | 27.4% | 2024 |
| 7 | Sweden | 27.3% | 2024 |
| 8 | United Kingdom | 27.0% | 2024 |
| 9 | Austria | 25.8% | 2024 |
| 10 | Italy | 25.6% | 2024 |
About This Indicator
Definition
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).