P-Value: Public sector wage premium in Paraguay

Paraguay: P-Value: Public sector wage premium was 0.0078 compared to formal wage employees in 2021. ◆ Volatile

Latest (2021)
0.0078 compared to formal wage employees
World rank
13th
of 54 countries
All-time high
0.7952 compared to formal wage employees
in 2006
All-time low
0 compared to formal wage employees
in 2010
Years of data
16
2001–2021

P-Value: Public sector wage premium in Paraguay, 2001–2021

00.20.40.60.82001201120212001: 0.773 compared to formal wage employees2002: 0.037 compared to formal wage employees2003: 0 compared to formal wage employees2004: 0 compared to formal wage employees2005: 0.498 compared to formal wage employees2006: 0.795 compared to formal wage employees2009: 0.014 compared to formal wage employees2010: 0 compared to formal wage employees2011: 0 compared to formal wage employees2012: 0.012 compared to formal wage employees2013: 0.004 compared to formal wage employees2014: 0.03 compared to formal wage employees2015: 0.138 compared to formal wage employees2016: 0.013 compared to formal wage employees2017: 0 compared to formal wage employees2021: 0.008 compared to formal wage employees

Source: World Bank. Measured in compared to formal wage employees.

Analysis

Paraguay recorded 0.0078 compared to formal wage employees for p-value: public sector wage premium in 2021.

That represents a change of up 3,874.4% over ten years.

Over the whole period, p-value: public sector wage premium in Paraguay peaked at 0.7952 compared to formal wage employees in 2006 and was at its lowest, 0 compared to formal wage employees, in 2010.

Paraguay ranks 13th of 54 countries on this measure, in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.3026 compared to formal wage employees 0 compared to formal wage employees 0.7952 compared to formal wage employees 7
2010s 0.0247 compared to formal wage employees 0 compared to formal wage employees 0.1385 compared to formal wage employees 8
2020s 0.0078 compared to formal wage employees 0.0078 compared to formal wage employees 0.0078 compared to formal wage employees 1

Countries ranked near Paraguay

  1. 10 Belgium 0.0149 compared to formal wage employees compare
  2. 11 Portugal 0.0139 compared to formal wage employees compare
  3. 12 Bulgaria 0.012 compared to formal wage employees compare
  4. 14 Serbia 0.0075 compared to formal wage employees compare
  5. 15 Latvia 0.0055 compared to formal wage employees compare
  6. 16 Hungary 0.0015 compared to formal wage employees compare

See the full ranking of 54 places →

More reference data data for Paraguay

All data for Paraguay →

Frequently asked questions

What is p-value: public sector wage premium in Paraguay?
P-value: public sector wage premium in Paraguay was 0.0078 compared to formal wage employees in 2021, according to the World Bank.
What is the highest p-value: public sector wage premium recorded in Paraguay?
The highest recorded value was 0.7952 compared to formal wage employees in 2006.
What is the lowest p-value: public sector wage premium recorded in Paraguay?
The lowest recorded value was 0 compared to formal wage employees in 2010.
How does Paraguay rank for p-value: public sector wage premium?
Paraguay ranks 13th out of 54 countries with data for 2021.
Is p-value: public sector wage premium rising or falling in Paraguay?
Over the last ten years it is up 3,874.4%. The long-run trend across the full record is volatile.
Where does this Paraguay data come from?
The figures come from the World Bank, published as part of P-Value: Public sector wage premium (compared to formal wage employees). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
P-Value: Public sector wage premium (compared to formal wage employees)
Unit
compared to formal wage employees
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
54 places, 658 data points, 2000–2021
Last refreshed