Trade Balance in Paraguay
Paraguay - Trade BalanceThe economy continued to grow in Q3, albeit at a slower pace of 3.8% year-on-year, following the prior quarter’s 13.9% expansion. The slowdown was due to a moderation of domestic demand, with private, public and capital spending all growing at softer paces. Still, a tighter labor market and stronger household credit growth likely helped to sustain consumption, despite mounting price pressures in the period. Meanwhile, the external sector weighed on overall growth. Moving to Q4, the recovery will have likely slowed further, as activity grew at the softest pace in eight months in October. More positively, household credit growth picked up to a five-month high in the same month, likely supporting spending. In early January, authorities announced debt refinancing credit lines and tax cuts for agriculture and livestock producers until the end of September, to help them cope with a severe drought.
Paraguay - Trade Balance Data
|Trade Balance (USD billion)||0.8||2.2||1.9||0.8||0.5|
5 years of economic forecasts for more than 30 economic indicators.
Paraguay Trade Balance Chart
Source: Central Bank of Paraguay.
|Exchange Rate||6,453||0.18 %||Jan 01|
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