Insurance and financial services in Paraguay
Paraguay: Insurance and financial services was 6.3% in 2025. ▼ Falling
Insurance and financial services in Paraguay, 1975–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
The most recent figure for insurance and financial services in Paraguay is 6.3%, measured in 2025.
The figure is down 1.9% on the previous year and down 25.4% over ten years.
Over the whole period, insurance and financial services in Paraguay peaked at 16.7% in 2002 and was at its lowest, 3.9%, in 2022.
Paraguay ranks 100th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 51 years of available data.
Insurance and financial services in Paraguay, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1975 | 7.9% | — |
| 1976 | 7.0% | -10.7% |
| 1977 | 7.9% | +12.8% |
| 1978 | 8.0% | +0.8% |
| 1979 | 6.4% | -20.5% |
| 1980 | 8.2% | +28.7% |
| 1981 | 6.6% | -19.2% |
| 1982 | 4.4% | -34.1% |
| 1983 | 4.6% | +6.2% |
| 1984 | 5.2% | +12.8% |
| 1985 | 9.0% | +73.4% |
| 1986 | 10.1% | +11.8% |
| 1987 | 12.8% | +26.6% |
| 1988 | 11.9% | -7.1% |
| 1989 | 11.1% | -6.9% |
| 1990 | 11.4% | +2.8% |
| 1991 | 10.9% | -4.0% |
| 1992 | 7.0% | -36.1% |
| 1993 | 8.3% | +18.8% |
| 1994 | 11.0% | +32.6% |
| 1995 | 12.4% | +13.3% |
| 1996 | 13.9% | +11.4% |
| 1997 | 12.8% | -7.6% |
| 1998 | 13.6% | +6.2% |
| 1999 | 14.5% | +6.3% |
| 2000 | 14.5% | +0.4% |
| 2001 | 15.6% | +7.2% |
| 2002 | 16.7% | +7.6% |
| 2003 | 14.2% | -15.3% |
| 2004 | 15.5% | +9.2% |
| 2005 | 16.6% | +7.5% |
| 2006 | 13.6% | -18.1% |
| 2007 | 11.9% | -12.5% |
| 2008 | 8.6% | -28.3% |
| 2009 | 7.0% | -18.1% |
| 2010 | 8.0% | +14.7% |
| 2011 | 8.5% | +6.3% |
| 2012 | 7.8% | -8.2% |
| 2013 | 8.6% | +10.0% |
| 2014 | 8.4% | -2.2% |
| 2015 | 8.4% | -0.4% |
| 2016 | 7.4% | -11.8% |
| 2017 | 6.1% | -17.3% |
| 2018 | 7.0% | +14.7% |
| 2019 | 6.8% | -2.6% |
| 2020 | 9.7% | +41.9% |
| 2021 | 7.5% | -23.1% |
| 2022 | 3.9% | -47.3% |
| 2023 | 7.3% | +86.3% |
| 2024 | 6.4% | -12.9% |
| 2025 | 6.3% | -1.9% |
Paraguay compared with similar countries
- Paraguay's 6.3% is above the median for upper middle income countries, which is 6.3%, 1.0× the median. (55 countries reporting)
- Paraguay's 6.3% is below the median for Latin America & Caribbean, which is 10.1%, 62% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.4% | 6.4% | 8.0% | 5 |
| 1980s | 8.4% | 4.4% | 12.8% | 10 |
| 1990s | 11.6% | 7.0% | 14.5% | 10 |
| 2000s | 13.4% | 7.0% | 16.7% | 10 |
| 2010s | 7.7% | 6.1% | 8.6% | 10 |
| 2020s | 6.9% | 3.9% | 9.7% | 6 |
Countries ranked near Paraguay
More private sector data for Paraguay
- Merchandise trade 61.3% (2025)
- Food imports 7.8% (2025)
- Manufactures imports 79.2% (2025)
- Merchandise imports 19.13 billion current US$ (2025)
- Food exports 69.1% (2025)
- Manufactures exports 16.3% (2025)
- Merchandise exports 11.08 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,580 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2249 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 1.86 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Paraguay?
- Insurance and financial services in Paraguay was 6.3% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Paraguay?
- The highest recorded value was 16.7% in 2002.
- What is the lowest insurance and financial services recorded in Paraguay?
- The lowest recorded value was 3.9% in 2022.
- How does Paraguay rank for insurance and financial services?
- Paraguay ranks 100th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Paraguay?
- Over the last ten years it is down 25.4%. The long-run trend across the full record is falling.
- Where does this Paraguay data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service imports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service imports which are commercial services provided by non-residents to residents.