Current Account in Paraguay
Paraguay - Current AccountThe 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
|Current Account (% of GDP)||-0.4||3.6||3.1||-0.2||-1.2|
5 years of economic forecasts for more than 30 economic indicators.
Paraguay Current Account Chart
Source: Central Bank of Paraguay and FocusEconomics calculations.
|Exchange Rate||6,453||0.18 %||Jan 01|
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