Paraguay unemployment reaches historic low in third quarter of 2026

The National Institute of Statistics (INE) reported that unemployment in Paraguay fell to a record low of 4.1% during the third quarter of 2026.

The INE data shows the unemployment rate dropped from 4.9% the previous year. This shift occurred as approximately 66,149 people joined the employed population. The institute attributes this growth primarily to the tertiary sector, where the commerce, restaurant, and hotel industries expanded. The report also notes a rise in formal employment for non-agricultural workers.

During the current administration, 227,081 workers moved into formal jobs, which provides them with access to social security and retirement benefits. The labor market saw a steady increase in job creation, with nearly 260,000 new positions appearing over the last three years.