Current Account in Paraguay

Paraguay Current Account | Economic News & Forecasts

Paraguay - Current Account

The economy lost traction in the third quarter, with annual growth cooling markedly to 1.1%—the weakest pace in two-and-a-half years—from 6.4% in Q2. A disappointing external sector performance, with exports recording the largest annual contraction in over nine years amid a loss of product competitiveness, was primarily behind the slowdown. Available data for the fourth quarter, however, points to somewhat improved dynamics: In October, economic activity swung back to expansion after contracting in year-on-year terms in September, largely reflecting higher electricity production and increased turnover in the retail trade sector.

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 Rate6,0530.18 %Jan 16

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