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In 2018, GDP per capita for Paraguay was 5,899 US dollars. Though Paraguay GDP per capita fluctuated substantially in recent years, it tended to increase through 1999 - 2018 period ending at 5,899 US dollars in 2018.The description is composed by our digital data assistant.
GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.