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Average Salary in Paraguay 2021

How much money does a person working in Paraguay make?


Average Monthly Salary
8,220,000 PYG
( 98,600,000 PYG yearly)

LOW
2,080,000
PYG
AVERAGE
8,220,000
PYG
HIGH
36,700,000
PYG

A person working in Paraguay typically earns around 8,220,000 PYG per month. Salaries range from 2,080,000 PYG (lowest average) to 36,700,000 PYG (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Paraguay

Median and salary distribution monthly Paraguay
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The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Paraguay range from 2,080,000 PYG per month (minimum salary) to 36,700,000 PYG per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 8,550,000 PYG per month, which means that half (50%) of the population are earning less than 8,550,000 PYG while the other half are earning more than 8,550,000 PYG. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 4,780,000 PYG while 75% of them are earning more than 4,780,000 PYG. Also from the diagram, 75% of the population are earning less than 23,500,000 PYG while 25% are earning more than 23,500,000 PYG.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Paraguay costs anywhere from 41,100,000 Guarani(s) to 123,000,000 Guarani(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.



Salary Comparison By Gender

Salary comparison by gender monthly Paraguay
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Paraguay earn 7% more than their female counterparts on avergae across all sectors.

Male
8,550,000 PYG
Female-6%
8,020,000 PYG
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Paraguay

How much are annual salary increments in Paraguay? How often do employees get salary raises?

Paraguay

Employees in Paraguay are likely to observe a salary increase of approximately 4% every 29 months.

Annual Salary Increment Rate Paraguay
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Paraguay is 2%.

Annual Increment Rate By Industry 2020

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Listed above are the average annual increase rates for each industry in Paraguay for the year 2020. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
Mid-Career
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in Paraguay

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Paraguay
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63% of surveyed staff in Paraguay reported that they haven't received any bonuses or incentives in the previous year while 37% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
37%
No Bonus
63%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant5,590,000 PYG
Accounting Assistant4,240,000 PYG
Accounting Manager12,200,000 PYG
Bookkeeper3,690,000 PYG
Chartered Accountant7,240,000 PYG
Corporate Treasurer10,300,000 PYG
Financial Analyst10,700,000 PYG
Financial Manager16,400,000 PYG
Internal Auditor7,210,000 PYG

Administration / Reception / Secretarial
Administrative Assistant4,400,000 PYG
Office Manager7,270,000 PYG
Receptionist2,960,000 PYG
Secretary3,670,000 PYG

Advertising / Grapic Design / Events
Art Director8,300,000 PYG
Creative Director8,170,000 PYG
Graphic Designer4,920,000 PYG
Photographer4,500,000 PYG

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer10,500,000 PYG
Air Traffic Controller8,730,000 PYG
Flight Attendant5,660,000 PYG
Pilot13,400,000 PYG

Architecture
Architect9,450,000 PYG
CAD Drafter3,920,000 PYG

Automotive
Mechanic2,910,000 PYG
Service Advisor5,570,000 PYG

Banking
Bank Branch Manager15,000,000 PYG
Teller3,130,000 PYG

Bilingual
Teacher6,330,000 PYG
Translator7,240,000 PYG

Business Planning
Business Analyst9,850,000 PYG
Business Development Manager13,000,000 PYG
Project Manager9,400,000 PYG

Care Giving and Child Care
Nanny3,360,000 PYG
Nursery Teacher3,110,000 PYG

Construction / Building / Installation
Civil Engineer7,420,000 PYG
Construction Project Manager13,100,000 PYG
Health and Safety Officer3,640,000 PYG

Customer Service and Call Center
Call Center Representative2,930,000 PYG
Customer Service Manager10,800,000 PYG
Customer Service Representative2,900,000 PYG

Engineering
Electrical Engineer7,960,000 PYG
Engineer7,190,000 PYG
Mechanical Engineer7,510,000 PYG

Executive and Management
Chief Executive Officer17,500,000 PYG
Chief Financial Officer16,800,000 PYG
General Manager14,000,000 PYG

Food / Hospitality / Tourism / Catering
Chef4,780,000 PYG
Executive Chef5,750,000 PYG
Hotel Manager14,300,000 PYG
Travel Agent4,810,000 PYG
Waiter / Waitress2,580,000 PYG

Health and Medical
Dentist19,100,000 PYG
Dietitian15,500,000 PYG
Laboratory Technician5,960,000 PYG
Nurse6,460,000 PYG

Human Resources
Human Resources Manager11,600,000 PYG
Human Resources Officer5,020,000 PYG

Information Technology
Computer Technician6,290,000 PYG
Database Administrator8,270,000 PYG
Developer / Programmer7,620,000 PYG
Information Technology Manager12,600,000 PYG
Network Engineer6,930,000 PYG

Law Enforcement / Security / Fire
Police Officer4,920,000 PYG

Legal
Attorney16,300,000 PYG
Legal Assistant4,270,000 PYG

Media / Broadcasting / Arts / Entertainment
Journalist8,830,000 PYG

Pharmaceutical and Biotechnology
Biomedical Engineer6,850,000 PYG
Pharmacist9,860,000 PYG

Sales Retail and Wholesale
Cashier3,030,000 PYG
Sales Manager13,200,000 PYG
Sales Representative5,330,000 PYG

Teaching / Education
Elementary School Teacher5,380,000 PYG
Secondary School Teacher6,610,000 PYG

Average Hourly Wage in Paraguay


47,400 PYG per hour

The average hourly wage (pay per hour) in Paraguay is 47,400 PYG. This means that the average person in Paraguay earns approximately 47,400 PYG for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Salary Comparison By City

CityAverage Salary
Asuncion8,950,000 PYG

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Paraguay earn 10% more than their private sector counterparts on average across all sectors.

Private Sector
7,970,000 PYG
Public Sector+10%
8,790,000 PYG
Percentage increase and decrease are relative to the previous value

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