Trade Balance in Paraguay
Paraguay - Trade Balance
The economy has had a poor start to the year. Following tepid growth in January, activity contracted over 5% year on year in February–April, amid lower soybean production as a result of drought. Moreover, a much higher unemployment rate in Q1, double-digit inflation and tepid consumer sentiment have likely weighed on household spending. These factors more than offset the boost from the removal of virtually all remaining Covid-19 restrictions in February, and strong credit growth through April. In mid-May, S&P Global Ratings confirmed its ‘BB’ rating despite the adverse economic impact of the drought, citing fiscal prudence and robust medium-term growth prospects. In other news, the government recently announced a minimum wage increase of 11.4%. While this should provide support to spending in the near term, the move could also be inflationary.Paraguay - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | 0.8 | 2.2 | 1.9 | 0.8 | 0.5 |
Paraguay Trade Balance Chart
Source: Central Bank of Paraguay.
Paraguay Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 6,453 | 0.18 % | Jan 01 |
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