International Reserves in Paraguay
Paraguay - International ReservesThe economy was remarkably resilient in the first quarter, underpinned by robust domestic demand, although available indicators show it took a notable hit in the second quarter. GDP expanded 3.5% in annual terms in Q1, matching the fourth quarter’s outturn, sustained by a jump in fixed investment fueled by soaring construction activity, resilient consumer spending and upbeat government consumption. Turning to Q2, however, economic activity tumbled in April, dragged on by a sour showing of the services and manufacturing sectors. Revealing the magnitude of the hit in Q2, merchandise exports plunged throughout the quarter. In response, the government has boosted public infrastructure spending, which should cushion the blow. That said, higher outlays and lower revenues are translating into a sizable widening of the fiscal deficit.
Paraguay - International Reserves Data
|International Reserves (USD)||6.2||7.1||8.1||8.0||8.0|
5 years of economic forecasts for more than 30 economic indicators.
Paraguay International Reserves Chart
Source: Central Bank of Paraguay and FocusEconomics calculations.
|Exchange Rate||6,453||0.18 %||Jan 01|
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