GDP in Paraguay

Paraguay GDP | Economic News & Forecasts

Paraguay - GDP

Economic growth accelerated markedly in the second quarter, with GDP expanding 14.5% in annual terms (Q1: +0.5% yoy), although the reading was flattered by a low base effect. The improvement was largely due to a strong rebound in private and public spending, as well as exports. Moreover, fixed investment growth picked up notable pace. Turning to Q3, growth seemingly lost momentum as economic activity expanded at the softest rate in five months in annual terms in July. More positively, household credit growth remained robust in the first two months of the quarter, although quickly rising inflation in Q3 likely dented consumption. That said, fiscal revenues increased considerably in annual terms in the quarter, pointing to healthier dynamics. Meanwhile, the 2022 draft budget is moving along the legislative path: The plan aims to reduce the fiscal deficit to 3.0% of GDP from 6.0% this year.

Paraguay - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)3.1  4.3  5.0  3.4  0.0  

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Paraguay GDP Chart


Paraguay GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Central Bank of Paraguay.

Paraguay Facts

Value Change Date
Exchange Rate6,4530.18 %Jan 01

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