Paraguay · Government Debt · % GDP

## What this measures

Everything Paraguay's general government owes (central, state and local government and social security funds), measured gross, as a share of the year's GDP.

## Why it matters

Debt sets how much a change in interest rates costs the budget. The level matters less than the direction and the rate it is refinanced at; read it with net interest.

## How to read it

Compare against the country's own history and against peers with similar currencies and credit ratings. Above 100% is common in rich economies with deep domestic bond markets and dangerous in economies that borrow in someone else's currency.

Each point is one year's figure in the newest World Economic Outlook, dated December 31, up to the year before the edition's own year. The IMF's projection from there is a separate series (imf.weo.*.projection). The newest year is often still an IMF estimate, and the whole history is revised with each edition (April and October).

## What it does not say

Gross debt ignores the assets a government holds against it (a sovereign fund, reserves). A high reading is not a default forecast. Coverage of state enterprises differs by country; the IMF's country notes give the detail. The OECD Economic Outlook, the panel's source for this measure elsewhere, does not publish it for Paraguay, so the figures here are the IMF's and compare with other countries' OECD figures on definition but not always to the decimal.

## Source

Source: IMF World Economic Outlook Database, October 2026 (the IMF's published database file, WEOOct2026all.xlsx). Figures as published, rounded to at most four decimals. Provided by the IMF "as is" and available free of charge from the IMF; the IMF does not endorse Palanor.