Current Account in Paraguay
Paraguay - Current AccountAvailable 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
|Current Account (% of GDP)||2.1||-0.2||-1.1||1.5||-1.3|
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||6,088||0.18 %||Mar 11|
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