Exports of services as a part of balance of payment reached 1.01 USD bil in 2016 in Paraguay, according to the National Statistical Office. This is 9.8 % less than in the previous year.
Historically, exports of services as a part of balance of payment in Paraguay reached an all time high of 1.12 USD bil in 2017 and an all time low of 0.034 USD bil in 1975. When compared to Paraguay's main peers, exports of services as a part of balance of payment in Argentina amounted to 12.8 USD bil, 1.24 USD bil in Bolivia, 33.3 USD bil in Brazil and 9.45 USD bil in Chile in 2016.
Paraguay has been ranked 117th within the group of 156 countries we follow in terms of exports of services as a part of balance of payment, 11 places above the position seen 10 years ago.
Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.
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