Current Account in Paraguay
Paraguay - Current Account (billions of U.S. Dollars)The economic situation likely improved in Q3 yet remained challenging, after GDP contracted in Q2 due to a significant decline in domestic demand. Activity shrank in August after having expanded in July, mainly dragged down by a deterioration in the services sector. Moreover, although consumer sentiment recovered somewhat in Q3, it remained downbeat overall. However, public investment soared in the January-September period, providing some relief to the economy. Meanwhile, the difficult economic situation was reflected in a considerable drop in tax revenue in the first 10 months of the year, although October saw only a slight reduction compared to last year, hinting at firming activity in Q4. In politics, Benigno López recently stepped down as finance minister and was replaced by Óscar Llamosas, who is advocating for streamlining public spending in fiscal reforms to come.
Paraguay - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-0.1||1.3||1.2||-0.1||-0.4|
5 years of economic forecasts for more than 30 economic indicators.
Paraguay Current Account (USD bn) Chart
Source: Central Bank of Paraguay and FocusEconomics calculations.
|Exchange Rate||6,453||0.18 %||Jan 01|
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