Current Account in Paraguay

Paraguay Current Account | Economic News & Forecasts

Paraguay - Current Account

The recovery likely remained robust but eased somewhat in Q3: Both economic activity and household credit expanded at softer paces on average in annual terms in July–August than in Q2. Meanwhile, quickly climbing inflation will have likely dented consumer spending in Q3 and into the final quarter of the year. Regarding the health crisis, the country has recently managed to keep daily Covid-19 infection rates at their lowest levels since the start of the pandemic, which, coupled with a pickup in the vaccine rollout, allowed authorities to end the curfew in mid-October and maintain only mild domestic restrictions, boding well for activity ahead. In other news, the government closed a new trade deal with Chile in late October, while recent bilateral talks with Argentina have led to the gradual reopening of land borders and an agreement on the need to review Mercosur’s common external tariffs.

Paraguay - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-0.4  3.6  3.1  -0.2  -1.2  

Sample Report

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

Download

Paraguay Current Account Chart


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

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