Current Account in Paraguay

Paraguay Current Account | Economic News & Forecasts

Paraguay - Current Account

Recently released GDP data revealed that output fell at the sharpest pace in over six years in the first quarter (Q1 2019: -2.0% year-on-year; Q4 2018: +1.0 yoy). Although public expenditure picked up, household consumption dipped for the first time in nearly a decade while capital spending contracted sharply, mainly due to lower investment in machinery and equipment. Exports also fell notably as adverse weather conditions battered soy and beef production, while imports stagnated amid the downturn in domestic demand. Going forward, available metrics suggest that weakness persisted in the second quarter. Economic activity declined for the fifth month running in April, largely reflecting depressed soy production which in turn has severely impacted the external sector as highlighted by plunging merchandise exports in both April and May.

Paraguay - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)1.6  -0.1  -0.4  3.6  3.1  

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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 Rate6,0400.18 %Jul 11

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