Current Account in Paraguay

Paraguay Current Account | Economic News & Forecasts

Paraguay - Current Account

Available data hints at the persistence of subdued dynamics in Q4 2018, following a weak Q3 which saw the economy grow at the softest pace in over two years. In December, economic activity contracted, largely due to reduced activity in the manufacturing sector, bringing the average growth in Q4 below that of Q3. Furthermore, falling imports and waning activity in retail trade towards year-end points to a loss of momentum in domestic demand. The trade balance swinging to surplus in January from a deficit a year ago, however, indicates an improvement of external sector metrics at the start of 2019.

Paraguay - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)2.1  -0.2  -1.1  1.5  -1.3  

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Paraguay Current Account Chart

Paraguay Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Paraguay and FocusEconomics calculations.

Paraguay Facts

Exchange Rate6,0880.18 %Mar 11

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