Country
Paraguay PRY
score date 2026-10-10 · 30d +0.2
Seven dimensions
Credibility gap100.0
IMF / national CPI · as of 2026-04-01 · coverage: silver
Behind the curve—
BIS policy rates + CPI · as of 2026-10-10 · coverage: silver
Communication—
Central-bank statements · as of 2026-10-10 · coverage: silver
Geopolitical48.6
GDELT · as of 2026-10-10 · coverage: silver
Growth73.2
World Bank WDI / IMF WEO · as of 2026-10-10 · coverage: silver
Liquidity53.9
IMF BOP / BIS / FRED · as of 2026-10-10 · coverage: silver
Governance43.7
World Bank WGI · as of 2026-10-10 · coverage: silver
Paraguay sovereign credibility, in brief
Paraguay scores 63.5 out of 100 on the composite sovereign credibility index — credibility band 50–65. That ranks it 1 of 20 in Latin America & Caribbean, the 100th percentile of the region. The score is unchanged over the past seven days. CPI 2.3% vs 4.0% target (-1.7pp) — slightly below target | adequate credibility (64/100).
As of 2026-10-10 · scored daily from public data under methodology v8
Executive summary
written 11 Oct · score 10 OctParaguay leads the region on credibility, but the score rests on low inflation and missing policy data.
- Composite position: Paraguay ranks first of 20 in the region with a 63.5 composite, 11.6 points above the regional average of 51.9.
- Inflation vs target: CPI at 2.3% sits 1.7pp below the 4.0% target, which pushes the credibility gap score to its maximum of 100.
- Policy stance: No policy rate or central bank statements were scored, so stance and behind-the-curve readings are unavailable.
- Geopolitical pressure: The score is 48.6, but most of the ten events are media items or miscoded, so they carry little macro weight.
- Near-term watch item: Obtain the policy rate and central bank name before relying on this score.
Peer context
Rank 1/20 in Latin America & Caribbean · 100th percentile
Region avg 51.9 · best 63.5 · worst 16.1
90-day trend
External pulse
- Commodity terms-of-trade, 12m change
- -0.4%
- as of 2026-10-11
Terms-of-trade: IMF Commodity Terms of Trade
Key indicators
External & activity
| Cpi monthly index | 141.9 | 2026-04-01 | ILO CPI |
| Current account (% GDP) | -2.5% | 2025-12-31 | World Bank |
| FDI inflows (% GDP) | 2.4% | 2025-12-31 | World Bank |
| GDP growth, annual | 6.6% | 2025-12-31 | World Bank |
| Nightlights radiance (monthly sum) | 2.4M | 2025-12-01 | World Bank / NASA Black Marble |
| Nightlights radiance, YoY | 8.7% | 2025-12-01 | derived |
| Remittances (% GDP) | 3.1% | 2025-12-31 | World Bank |
| Reserves (months of imports) | 5.6 mo | 2024-12-31 | World Bank |
| Trade openness (% GDP) | 76.5% | 2025-12-31 | World Bank |
| Unemployment rate | 4.8% | 2025-12-31 | World Bank |
| Unemployment rate (ILO) | 4.5% | 2025-12-31 | ILO |
Structure
| External debt (% GNI) | 69.7% | 2024-12-31 | World Bank |
| GDP per capita (USD) | $7,027 | 2025-12-31 | World Bank |
| Labor force participation | 72.0% | 2025-12-31 | ILO |
| WGI: control of corruption | -1.0 | 2025-12-31 | World Bank |
| WGI: government effectiveness | -0.2 | 2025-12-31 | World Bank |
| WGI: political stability | 0.1 | 2025-12-31 | World Bank |
| WGI: regulatory quality | -0.0 | 2025-12-31 | World Bank |
| WGI: rule of law | -0.6 | 2025-12-31 | World Bank |
| WGI: voice & accountability | -0.1 | 2025-12-31 | World Bank |
Nightlights: World Bank / NASA Black Marble VIIRS (CC BY 4.0)
Follow the moves
Every figure above is recomputed daily from public data, with the source and as-of date shown for each one. The weekly briefing says which scores moved, and why.