Unemployment Rate: Paraguay
Paraguay's unemployment rate is currently 5.2% as of 2026. # Paraguay Unemployment Rate Paraguay's unemployment rate stands at 5.
Current (2026)
5.2%
+0.0% y/y
Peak (2002)
9.4%
Low (1995)
3.3%
Source
IMF World Economic Outlook
1983–2026 · 48 pts
Unemployment Rate — Paraguay
1983 — 2026
Unemployment Rate — Paraguay
Analysis# Paraguay Unemployment Rate
Paraguay's unemployment rate stands at 5.2% in 2026, representing a substantial improvement from its peak of 9.4% in 2002. The current level remains above the all-time low of 3.3% recorded in 1995, yet reflects a broader downward trajectory: the country has reduced unemployment by 37.3% since 1983. This long-term decline demonstrates significant labor market strengthening over four decades despite cyclical variations.
The most pronounced deterioration occurred between 2019 and 2020, when unemployment jumped from 6.6% to 7.7%—likely reflecting pandemic-related disruptions. Recovery began immediately thereafter, with consistent annual declines through 2025. The stabilization at 5.2% in both 2025 and 2026 suggests Paraguay's labor market has reached a sustainable equilibrium, positioning unemployment well below historical peaks and approaching levels not seen since the early 2000s.
Historical Data
48 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 5.2% | +0.00% |
| 2029 | 5.2% | +0.00% |
| 2028 | 5.2% | +0.00% |
| 2027 | 5.2% | +0.00% |
| 2026 | 5.2% | +0.00% |
| 2025 | 5.2% | -10.34% |
| 2024 | 5.8% | -1.69% |
| 2023 | 5.9% | -11.94% |
| 2022 | 6.7% | -10.67% |
| 2021 | 7.5% | -2.60% |
| 2020 | 7.7% | +16.67% |
| 2019 | 6.6% | +6.45% |
| 2018 | 6.2% | +1.64% |
| 2017 | 6.1% | +15.09% |
| 2016 | 5.3% | +15.22% |
| 2015 | 4.6% | -8.00% |
| 2014 | 5.0% | +13.64% |
| 2013 | 4.4% | +7.32% |
| 2012 | 4.1% | -12.77% |
| 2011 | 4.7% | +2.17% |
Show all 48 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 4.6% | -16.36% |
| 2009 | 5.5% | +25.00% |
| 2008 | 4.4% | -6.38% |
| 2007 | 4.7% | -11.32% |
| 2006 | 5.3% | +10.42% |
| 2005 | 4.8% | -26.15% |
| 2004 | 6.5% | -4.41% |
| 2003 | 6.8% | -27.66% |
| 2002 | 9.4% | +51.61% |
| 2001 | 6.2% | -18.42% |
| 2000 | 7.6% | +11.76% |
| 1999 | 6.8% | +17.24% |
| 1998 | 5.8% | +16.00% |
| 1997 | 5.0% | -39.02% |
| 1996 | 8.2% | +148.48% |
| 1995 | 3.3% | -25.00% |
| 1994 | 4.4% | -13.73% |
| 1993 | 5.1% | -3.77% |
| 1992 | 5.3% | +3.92% |
| 1991 | 5.1% | -22.73% |
| 1990 | 6.6% | +8.20% |
| 1989 | 6.1% | +29.79% |
| 1988 | 4.7% | -14.55% |
| 1987 | 5.5% | -9.84% |
| 1986 | 6.1% | +19.61% |
| 1985 | 5.1% | -30.14% |
| 1984 | 7.3% | -12.05% |
| 1983 | 8.3% | — |
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