Paraguay
#71 globallyLatin AmericaAverage salary: $7,000/year · Currency: PYG ₲
Mean Annual Salary
$7,000
gross USD
Median Annual Salary
$5,200
gross USD
GDP per Capita
$5,751
current USD
PPP Factor
×0.33
vs USD base
Tax Breakdown at Median Salary
EstimatedTake-Home (Net) Annual
$4,160
Effective Tax Rate
20.0%
* Based on median salary of $5,200. Estimated combined rate. Consult a tax professional for accurate calculations.
Estimated Salaries by Job in Paraguay
Surgeon
Psychiatrist
Doctor / Physician
Investment Banker
Cloud Architect
AI/ML Engineer
Dentist
Judge
Product Manager
Actuary
* Estimates based on global median · actual salaries vary
🇵🇾 Paraguay Economic Overview
Currency
PYG (₲)
Region
Latin America
Population
7.4M
Gini Coefficient
0.452
Cost of Living Index
33 (US=100)
Tax Data Available
Estimated
Salary vs Global Benchmarks
Latin America Comparison
Global Ranking
out of 117 countries
by average salary
About Salaries in Paraguay
The average annual salary in Paraguay is approximately $7,000 (gross, in USD), with a median of $5,200. The country ranks #71 out of 117 countries by average salary.
At the median salary, workers in Paraguay take home approximately $4,160 after taxes — an effective tax rate of 20.0%. The purchasing power parity factor of ×0.33 means that in real terms, living costs are lower than in the United States.
Paraguay is located in the Latin America region. Income inequality, measured by the Gini coefficient, is 0.452 (high inequality).