Consumption in Paraguay

Paraguay Consumption | Economic News & Forecasts

Paraguay - Consumption

The economy has had a poor start to the year. Following tepid growth in January, activity contracted over 5% year on year in February–April, amid lower soybean production as a result of drought. Moreover, a much higher unemployment rate in Q1, double-digit inflation and tepid consumer sentiment have likely weighed on household spending. These factors more than offset the boost from the removal of virtually all remaining Covid-19 restrictions in February, and strong credit growth through April. In mid-May, S&P Global Ratings confirmed its ‘BB’ rating despite the adverse economic impact of the drought, citing fiscal prudence and robust medium-term growth prospects. In other news, the government recently announced a minimum wage increase of 11.4%. While this should provide support to spending in the near term, the move could also be inflationary.

Paraguay - Consumption Data

2015   2016   2017   2018   2019  
Consumption (annual variation in %)3.8  3.2  4.2  4.1  1.9  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Paraguay Consumption Chart


Paraguay Private Consumption
Note: Annual variation of private consumption in %.
Source: Central Bank of Paraguay.

Paraguay Facts

Value Change Date
Exchange Rate6,4530.18 %Jan 01

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form