GDP in Paraguay

Paraguay GDP | Economic News & Forecasts

Paraguay - GDP

The economy bounced back in the third quarter of 2019, after contracting in the first half of the year. Quickening private consumption and a rebound in exports spearheaded the recovery. Turning to the fourth quarter of last year, growth seemingly sustained its momentum. Economic activity accelerated in October–November from Q3; private consumption likely benefited from low inflation, as hinted by upbeat retail sales in the quarter. That said, the external sector appeared to weigh on overall growth in Q4 given the plunge in merchandise exports amid declining sales of electricity and soybeans. In other news, the country signed a trade agreement with Brazil on 11 February. The deal removes excises for textiles and goods linked to the car industry and is seen boosting trade ahead.

Paraguay - GDP Data

2014   2015   2016   2017   2018  
Economic Growth (GDP, annual variation in %)4.9  3.1  4.3  5.0  3.7  

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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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