29
Paraguay
3,198
3,451
3,339
3,453
3,409
Q4
2019
Q2 2020 Q4 2020 Q2 2021 Q4 2021
7.4%
5.7%
7.6%
7.2%
8.6%
Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021
Q4 2021
Total Labor Force (000s)
3,730
Employed Workers (000s) 3,409
Unemployed Workers (000s) 321
Unemployment Rate 8.6%
46% - First Vaccine Dose
(December 2021)
Covid Update
Masks are required in
specific indoor places.
17%
10%
10%
0%
25%
50%
75%
Employer Tax Profit Tax VAT
Paraguay Regional Average
Other Cost Considerations - Tax
Indicative Wages (USD)
$395
$384
$1.66
$0
$5
$10
$0
$2,500
$5,000
Average Wage Manufacturing
Wage
Minimum Wage
Paraguay Regional Average
58%
56%
59%
59%
56%
34%
37%
37%
39%
35%
70%
70%
72%
72%
70%
0%
20%
40%
60%
80%
2016
2017
2018 2019 2020
15-24 years 65+ years Total
Labor Force Participation Rate by Selected Age Group Working Population (in Thousands) Over Time
Unemployment Rate Over Time
Labor Force Statistics
ILOSTAT
Year on year inflation was at 7.4% in November.
Monthly Hourly
Key Sources:
https://wageindicator.org/
https://ilostat.ilo.org/
https://www.worldbank.org/
https://tradingeconomics.com/
https://home.kpmg/xx/en/home.html
https://taxsummaries.pwc.com
https://www.ine.gov.py//
