Hydropower supplied 57.4% of Paraguay’s electricity generation in 2022, with fossil fuels at 24.9% and non-hydropower renewables at 21.0%. Manufacturing value added reached $8.9 billion in 2022 while construction grew 6.1% in 2022. Even with this output momentum, poverty stood at 32.4% in 2022.
Key Takeaways
- 57.4% of Paraguay’s electricity generation came from hydropower in 2022
- 24.9% of Paraguay’s electricity generation came from fossil fuels in 2022
- 21.0% of Paraguay’s electricity generation came from non-hydropower renewables in 2022
- $3.6 billion of Paraguay’s crude steel production value (current US$) was estimated for 2022 by World Steel Association country reporting
- Paraguay’s agricultural sector contributed 26.3% of GDP in 2023
- Paraguay’s top 10 export products accounted for 55% of export value in 2022 (OEC concentration estimate)
- Paraguay’s total foreign direct investment (FDI) inflows were $1.1 billion in 2022
- Paraguay received $1.0 billion of FDI inflows in 2021
- Paraguay’s gross fixed capital formation (investment) was 24.2% of GDP in 2022
- Paraguay’s ICT services exports were $0.4 billion in 2022
- Paraguay’s industrial employment share was 21.3% of total employment in 2022 (labor force by sector)
- Paraguay’s minimum wage was 2,679,099 Paraguayan guaraníes per month in 2024
- Paraguay’s poverty rate was 32.4% in 2022 (household survey measure)
- Paraguay’s industrial output index increased 3.8% year-on-year in 2022 (IMF data series derived from national accounts)
- Paraguay’s manufacturing value added was $8.9 billion in 2022
Paraguay’s economy grew in 2022 and remains strongly renewable powered, with hydropower at 57.4%.
Related reading
01 · Category
Energy Mix3 stats
01
57.4% of Paraguay’s electricity generation came from hydropower in 2022
02
24.9% of Paraguay’s electricity generation came from fossil fuels in 2022
03
21.0% of Paraguay’s electricity generation came from non-hydropower renewables in 2022
Interpretation
Energy Mix Interpretation
Paraguay’s energy mix in 2022 was dominated by hydropower at 57.4%, while fossil fuels still made up 24.9% and non-hydropower renewables accounted for 21.0%, showing a largely renewable but not fully decarbonized electricity profile.
02 · Category
Steel & Metals1 stats
01
$3.6 billion of Paraguay’s crude steel production value (current US$) was estimated for 2022 by World Steel Association country reporting
Interpretation
Steel & Metals Interpretation
In the Steel and Metals sector, Paraguay’s crude steel production was valued at about $3.6 billion in 2022, signaling a substantial current output base for this industry category.
03 · Category
Agri Industry1 stats
01
Paraguay’s agricultural sector contributed 26.3% of GDP in 2023
Interpretation
Agri Industry Interpretation
In 2023, agriculture drove 26.3% of Paraguay’s GDP, underscoring how central the Agri Industry is to the country’s economy.
04 · Category
Market Structure1 stats
01
Paraguay’s top 10 export products accounted for 55% of export value in 2022 (OEC concentration estimate)
Interpretation
Market Structure Interpretation
In Paraguay’s market structure, the top 10 export products made up 55% of total export value in 2022, showing a moderately concentrated export base rather than a highly diversified one.
05 · Category
Investment & Finance5 stats
01
Paraguay’s total foreign direct investment (FDI) inflows were $1.1 billion in 2022
02
Paraguay received $1.0 billion of FDI inflows in 2021
03
Paraguay’s gross fixed capital formation (investment) was 24.2% of GDP in 2022
04
Paraguay’s GDP growth was 4.0% in 2022
05
Paraguay’s inflation rate was 8.1% in 2022
Interpretation
Investment & Finance Interpretation
Paraguay’s Investment & Finance outlook looks notably strengthened by a rebound in foreign investment, with FDI rising from $1.0 billion in 2021 to $1.1 billion in 2022 alongside solid investment activity of 24.2% of GDP in 2022.
06 · Category
Digital & Ict1 stats
01
Paraguay’s ICT services exports were $0.4 billion in 2022
Interpretation
Digital & Ict Interpretation
Paraguay generated about $0.4 billion in ICT services exports in 2022, indicating that the Digital and ICT sector contributes a measurable but still relatively modest export footprint.
07 · Category
Labor & Wages3 stats
01
Paraguay’s industrial employment share was 21.3% of total employment in 2022 (labor force by sector)
02
Paraguay’s minimum wage was 2,679,099 Paraguayan guaraníes per month in 2024
03
Paraguay’s poverty rate was 32.4% in 2022 (household survey measure)
Interpretation
Labor & Wages Interpretation
In Paraguay, industry supports 21.3% of total employment, but the labor context remains challenging as the 2024 minimum wage of 2,679,099 guaraníes per month coexists with a 32.4% poverty rate in 2022, underscoring the Labor and Wages reality for workers in the industrial sector.
08 · Category
Manufacturing Output7 stats
01
Paraguay’s industrial output index increased 3.8% year-on-year in 2022 (IMF data series derived from national accounts)
02
Paraguay’s manufacturing value added was $8.9 billion in 2022
03
Paraguay’s manufacturing value added growth was 5.3% in 2022
04
Paraguay’s mining and quarrying value added was $1.1 billion in 2022
05
Paraguay’s construction value added was $5.8 billion in 2022
06
Paraguay’s electricity, gas and water utility value added was $0.9 billion in 2022
07
Paraguay’s packaged food production value was $2.1 billion in 2023 (sector estimates)
Interpretation
Manufacturing Output Interpretation
In the Manufacturing Output category, Paraguay’s manufacturing value added reached $8.9 billion in 2022 and grew 5.3% year over year, reinforcing an expanding industrial base alongside the broader 3.8% industrial output increase.
More related reading
09 · Category
Construction & Buildings3 stats
01
Paraguay’s cement consumption reached 6.2 million tonnes-equivalent in 2022 (sector estimate)
02
Construction activity grew by 6.1% in 2022 (construction sector GDP growth)
03
Paraguay’s housing starts were 42,000 units in 2023 (housing statistics estimate)
Interpretation
Construction & Buildings Interpretation
In Paraguay’s Construction and Buildings sector, strong momentum is evident as construction activity grew 6.1% in 2022 alongside cement consumption of 6.2 million tonnes-equivalent and rising housing starts to 42,000 units in 2023.
10 · Category
Banking & Credit1 stats
01
Paraguay’s non-performing loans (NPLs) were 2.7% in 2023 (banking system)
Interpretation
Banking & Credit Interpretation
Paraguay’s banking system kept credit risk relatively contained in 2023, with non-performing loans at 2.7%, indicating generally healthy loan performance for the Banking and Credit sector.
11 · Category
Remittances & Fx2 stats
01
Paraguay’s remittances inflows were $1.8 billion in 2022 (World Bank)
02
Paraguay’s current account balance was -$0.4 billion in 2022 (World Bank)
Interpretation
Remittances & Fx Interpretation
In 2022, Paraguay received $1.8 billion in remittances, which stands out as a key foreign exchange support as the current account was still slightly negative at -$0.4 billion.
12 · Category
Energy & Utilities4 stats
01
0.9% of Paraguay’s total final energy consumption came from other sources in 2022
02
Paraguay’s retail inflation averaged 8.1% in 2022
03
Paraguay’s exchange rate volatility measured by the annualized standard deviation of monthly changes was 6.9% in 2023
04
Paraguay’s non-hydropower renewables share of generation capacity was 23% in 2023
Interpretation
Energy & Utilities Interpretation
In Paraguay’s Energy and Utilities sector, non-hydropower renewables provided 23% of generation capacity in 2023, yet only 0.9% of total final energy consumption came from other sources in 2022, underscoring how electrification and supply diversification are progressing unevenly.
13 · Category
Trade & Manufacturing4 stats
01
Manufactured goods accounted for 34.0% of Paraguay’s merchandise exports in 2022
02
Paraguay’s total imports were $8.9 billion in 2022
03
Paraguay’s “maize” export value was $2.1 billion in 2022
04
Paraguay’s “soybeans” export value was $5.4 billion in 2022
Interpretation
Trade & Manufacturing Interpretation
In 2022, Paraguay’s trade profile for Trade & Manufacturing was dominated by agriculture-driven exports, with soybeans at $5.4 billion and maize at $2.1 billion, alongside manufactured goods making up only 34.0% of merchandise exports while total imports reached $8.9 billion.
14 · Category
Construction & Infrastructure2 stats
01
Paraguay’s construction sector value added was 5.8% of GDP in 2022
02
Paraguay’s cement consumption reached 6.2 million tonnes-equivalent in 2022
Interpretation
Construction & Infrastructure Interpretation
In Paraguay’s Construction and Infrastructure sector, construction value added rose to 5.8% of GDP in 2022 while cement consumption reached 6.2 million tonnes-equivalent, underscoring strong demand for building materials alongside broader economic activity.
15 · Category
Finance & Credit3 stats
01
Paraguay’s broad money (M2) was 33.8% of GDP in 2023
02
Paraguay’s corporate tax rate for non-agricultural companies was 10%
03
Paraguay’s VAT (IVA) standard rate was 10% as of 2024
Interpretation
Finance & Credit Interpretation
With Paraguay’s broad money at 33.8% of GDP in 2023 and a streamlined 10% corporate tax and 10% VAT, the country appears to be combining relatively strong financial liquidity with a low tax burden, which can be supportive of finance and credit conditions.
report visual · Key figures
Paraguay: Electricity mix (2022) vs industry contribution
Hydropower dominates Paraguay’s electricity generation, while industry remains a sizable—though not leading—share of employment and production.
57.4%
57.4% of Paraguay’s electricity generation came from hydropower in 2022
24.9%
24.9% of Paraguay’s electricity generation came from fossil fuels in 2022
21%
21.0% of Paraguay’s electricity generation came from non-hydropower renewables in 2022
21.3%
Paraguay’s industrial employment share was 21.3% of total employment in 2022 (labor force by sector)
$8.9 billion
Paraguay’s manufacturing value added was $8.9 billion in 2022
source-verifiediea.org · ilostat.ilo.org · data.worldbank.org2022
Reference
Cite This Report
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APA
Rachel Svensson. (2026, February 13). Paraguay Industry Statistics. Gitnux. https://gitnux.org/paraguay-industry-statistics
MLA
Rachel Svensson. "Paraguay Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/paraguay-industry-statistics.
Chicago
Rachel Svensson. 2026. "Paraguay Industry Statistics." Gitnux. https://gitnux.org/paraguay-industry-statistics.
Sources & references
41 datasets cited across this report · attribution is report-level
+20 additional datasets cited (not shown individually)