Key information about Paraguay Monthly Earnings

• Paraguay Monthly Earnings stood at 410 USD in Dec 2024, compared with the previous figure of 387 USD in Sep 2024
• Paraguay Monthly Earnings data is updated quarterly, available from Mar 2017 to Dec 2024, with an average number of 393 USD
• The data reached the an all-time high of 462 USD in Jun 2018 and a record low of 322 USD in Dec 2020

• In the latest reports, Paraguay Population reached 6 million people in Dec 2024
• Unemployment Rate of Paraguay dropped to 5 % in Dec 2024
• The country's Labour Force Participation Rate increased to 71 % in Dec 2024

Minimum Wages in Paraguay remained unchanged at 2798.31 PYG Thousand/Month in February. This dataset provides - Paraguay Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Paraguay Average Monthly Income: Independent Worker data was reported at 3,191.500 PYG in Sep 2017. This records an increase from the previous number of 2,727.000 PYG for Jun 2017. Paraguay Average Monthly Income: Independent Worker data is updated quarterly, averaging 2,612.900 PYG from Mar 2010 (Median) to Sep 2017, with 31 observations. The data reached an all-time high of 3,191.500 PYG in Sep 2017 and a record low of 1,647.300 PYG in Jun 2010. Paraguay Average Monthly Income: Independent Worker data remains active status in CEIC and is reported by Department of Statistics, Surveys and Censuses. The data is categorized under Global Database’s Paraguay – Table PY.G005: Continuous Employment Survey: Average Monthly Income.

Costa Rica is the country with the highest minimum monthly wage in Latin America. According to the minimum salary established by law as of January 2024, workers in the Central American country enjoy a basic monthly wage of over 687 U.S. dollars, an increase of 1.83 percent compared to the previous year and over 100 U.S. dollars more than the second place, Uruguay. On the other side of the spectrum is Venezuela, where employees are only guaranteed by law a minimum salary of 130 bolívares or little more than three dollars per month. Can Latin Americans survive on a minimum wage? Even if most countries in Latin America have instated laws to guarantee citizens a basic income, these minimum standards are often not enough to meet household needs. For instance, it was estimated that almost 25 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2020, the average net monthly salary in Mexico was barely higher than Chile's minimum wage in 2021. What can a minimum wage afford in Latin America? Latin American real wages have generally risen in the past decade. However, consumers in this region still struggle to afford non-basic goods, such as tech products. Recent estimates reveal that, in order to buy an iPhone, Brazilian residents would have to work at least two months to be able to pay for it. A gaming console, on the other hand, could easily cost a Latin American worker several minimum wages.

The average monthly net salary in Paraguay allowed for the purchase of 389 liters of gasoline in 2024. This was some 150 liters more than the gasoline index in 2022.

Paraguay Other Financial Corporations: Insurance Corporations: Income: Premiums Earned data was reported at 764,930.800 PYG mn in Sep 2024. This records an increase from the previous number of 514,771.760 PYG mn for Aug 2024. Paraguay Other Financial Corporations: Insurance Corporations: Income: Premiums Earned data is updated monthly, averaging 845,745.390 PYG mn from Jul 2010 (Median) to Sep 2024, with 171 observations. The data reached an all-time high of 2,903,646.650 PYG mn in Jun 2024 and a record low of 66,126.530 PYG mn in Jul 2010. Paraguay Other Financial Corporations: Insurance Corporations: Income: Premiums Earned data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Paraguay – Table PY.IMF.FSI: 2019 Methodology: Sectoral Financial Statement: Income and Expense.

Paraguay Other Financial Corporations: Insurance Corporations: Income: Other Operating Income: Others data was reported at 62,207.640 PYG mn in Sep 2024. This records an increase from the previous number of 41,780.110 PYG mn for Aug 2024. Paraguay Other Financial Corporations: Insurance Corporations: Income: Other Operating Income: Others data is updated monthly, averaging 94,209.690 PYG mn from Jul 2010 (Median) to Sep 2024, with 171 observations. The data reached an all-time high of 264,125.130 PYG mn in Jun 2024 and a record low of 7,550.920 PYG mn in Jul 2010. Paraguay Other Financial Corporations: Insurance Corporations: Income: Other Operating Income: Others data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Paraguay – Table PY.IMF.FSI: 2019 Methodology: Sectoral Financial Statement: Income and Expense.

Paraguay Other Financial Corporations: Insurance Corporations: Gross Income data was reported at 583,135.700 PYG mn in Sep 2024. This records an increase from the previous number of 390,080.650 PYG mn for Aug 2024. Paraguay Other Financial Corporations: Insurance Corporations: Gross Income data is updated monthly, averaging 590,866.850 PYG mn from Jul 2010 (Median) to Sep 2024, with 171 observations. The data reached an all-time high of 2,230,536.650 PYG mn in Jun 2024 and a record low of 42,362.520 PYG mn in Jul 2010. Paraguay Other Financial Corporations: Insurance Corporations: Gross Income data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Paraguay – Table PY.IMF.FSI: 2019 Methodology: Sectoral Financial Statement: Income and Expense.

Average Monthly Income: By Occupational Category: Private Worker在2018-06达2,520.500 PYG，相较于2018-03的2,442.900 PYG有所增长。Average Monthly Income: By Occupational Category: Private Worker数据按季度更新，2017-03至2018-06期间平均值为2,372.300 PYG，共6份观测结果。该数据的历史最高值出现于2018-06，达2,520.500 PYG，而历史最低值则出现于2017-09，为2,315.400 PYG。CEIC提供的Average Monthly Income: By Occupational Category: Private Worker数据处于定期更新的状态，数据来源于Department of Statistics, Surveys and Censuses，数据归类于Global Database的巴拉圭 – Table PY.G005: Permanent Household Survey: Average Monthly Income。

巴拉圭 Average Monthly Income: By Occupational Category: Domestic Employee在2018-06达1,251.300 PYG，相较于2018-03的1,260.800 PYG有所下降。巴拉圭 Average Monthly Income: By Occupational Category: Domestic Employee数据按季度更新，2017-03至2018-06期间平均值为1,263.650 PYG，共6份观测结果。该数据的历史最高值出现于2017-09，达1,292.400 PYG，而历史最低值则出现于2017-12，为1,240.200 PYG。CEIC提供的巴拉圭 Average Monthly Income: By Occupational Category: Domestic Employee数据处于定期更新的状态，数据来源于Department of Statistics, Surveys and Censuses，数据归类于Global Database的巴拉圭 – Table PY.G005: Permanent Household Survey: Average Monthly Income。