Consumption in Paraguay

Paraguay Consumption | Economic News & Forecasts

Paraguay - Consumption

Conditions continued to improve in Q2 but likely remained challenging, following a milder expansion in GDP in Q1. Activity grew strongly in April–June, but the pace eased at the end of the quarter as the base effect faded. Household credit growth remained solid, but sequentially moderated throughout Q2 and the unemployment rate continued to tick up in the quarter. This, coupled with higher inflation, likely dented household spending somewhat. That said, goods imports and exports grew markedly in Q2—albeit supported by a base effect—signaling healthier demand dynamics. Turning to Q3, credit expanded at a softer pace in July and merchandise exports and imports growth eased in July–August. More positively, infection rates have plunged and the vaccination drive has picked up recently, allowing authorities to loosen some restrictions in August.

Paraguay - Consumption Data

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

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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

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