Paraguay | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for Paraguay including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Paraguay economy.


Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 3.40 1 1.1 1.8 1.6 1.3 percent [+]
Unemployment Rate 8.40 8.9 8.8 8.6 8.5 7.4 percent [+]
Inflation Rate 3.40 2.6 2.6 4.2 3.8 3.5 percent [+]
Interest Rate 5.50 5.5 5.5 5.75 5.75 6 percent [+]
Balance of Trade -229603.23 -260807 -164792 -88143 -124228 -127967 USD Thousands [+]
Government Debt to GDP 22.80 23.2 24.19 25.17 25.4 25.29 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 5545.80 5610 5670 5830 5780 6670 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 3.40 1 1.1 1.8 1.6 1.3 percent [+]
GDP Annual Growth Rate 6.60 3.7 3.8 3.9 3.7 3 percent [+]
GDP 27.09 29 29 29 28.72 32 USD Billion [+]
Gross Fixed Capital Formation 7081266.86 7170780 7178431 7179085 7179141 7179146 Million PYG [+]
GDP per capita 3822.86 4129 4129 4129 4094 4500 USD [+]
GDP per capita PPP 8639.28 8912 9098 9285 9307 9862 USD [+]
GDP Constant Prices 8049385899.00 7722448273 7714204641 8174722948 8200671363 8202692958 PYG Thousand [+]
GDP From Agriculture 1738477711.00 1340458382 1212131886 1511164027 1597735861 1474031258 PYG Thousand [+]
GDP From Construction 322955105.00 323272449 341110970 317716223 310729174 320598719 PYG Thousand [+]
GDP From Manufacturing 863423987.00 794107574 853606373 859873116 820910695 847139671 PYG Thousand [+]
GDP From Services 3420021152.00 3164630199 3212068880 3457191069 3208792690 3528824557 PYG Thousand [+]
GDP From Utilities 872435297.00 880984070 877220692 878140562 886297459 881259357 PYG Thousand [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 8.40 8.9 8.8 8.6 8.5 7.4 percent [+]
Minimum Wages 1964.51 1964 1964 1964 1964 1964 PYG Thousand/Month [+]
Population 6.86 6.9 6.93 6.95 6.98 7.25 Million [+]
Unemployed Persons 101217.00 104981 89466 90729 96976 93958 [+]
Wages High Skilled 4476200.00 4521333 4521333 4521333 4521333 4521333 PYG/Month [+]
Wages In Manufacturing 257.20 269 271 272 273 275 Index Points [+]
Wages Low Skilled 2440200.00 2289458 2289449 2289450 2289450 2289450 PYG/Month [+]
Living Wage Family 2009245.00 2063186 2073530 2069885 2071169 2070835 PYG/Month [+]
Living Wage Individual 1325964.00 1297112 1293237 1294421 1294059 1294144 PYG/Month [+]
Employed Persons 1109340.00 1107366 1114258 1109441 1112650 1111719 [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 3.40 2.6 2.6 4.2 3.8 3.5 percent [+]
Core Consumer Prices 153.70 155 157 158 159 174 Index Points [+]
Core Inflation Rate 5.40 5.83 6.14 6.25 6.3 6.32 percent [+]
Inflation Rate Mom 0.30 0.39 0.36 0.36 0.36 0.36 percent [+]
Food Inflation 5.10 4.72 4.25 4.46 4.37 4.4 percent [+]
GDP Deflator 517.31 522 532 537 537 579 Index Points [+]
Cpi Transportation 120.20 120 120 120 120 120 Index Points [+]
Cpi Housing Utilities 157.70 158 160 161 162 177 Index Points [+]
Consumer Price Index Cpi 151.70 153 155 156 156 170 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 5.50 5.5 5.5 5.75 5.75 6 percent [+]
Deposit Interest Rate 3.51 3.71 3.46 3.22 3.32 3.4 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -229603.23 -260807 -164792 -88143 -124228 -127967 USD Thousands [+]
Exports 630176.64 700000 658446 750000 685861 850000 USD Thousands [+]
Imports 859779.86 878746 857080 846889 844187 844669 USD Thousands [+]
Current Account -418.50 339 80.52 -168 33.38 26.63 USD Million [+]
Current Account to GDP 1.30 -1.36 -1.38 -1.4 -1.3 -0.85 percent [+]
Remittances 743.00 734 706 679 674 651 USD Million [+]
Gold Reserves 8.19 8.19 8.19 8.19 8.19 8.19 Tonnes [+]
Terrorism Index 3.84 4.2 4.37 4.53 4.63 5.28 [+]
Foreign Direct Investment -21975.00 78195 77201 70351 50598 66729 USD Thousand [+]
External Debt 16122.40 -3017813 -3239070 -3305283 -3317303 -3325206 USD Thousand [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 22.80 23.2 24.19 25.17 25.4 25.29 percent [+]
Government Budget -1.50 -2.02 -2.01 -1.99 -1.9 -1.81 percent of GDP [+]
Government Spending 4238642.00 4864461 4649887 4723458 4698233 4704673 PYG Million [+]
Government Debt 6122.10 6386 6486 6583 6677 7535 USD Million [+]
Military Expenditure 360.20 388 383 377 381 391 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Steel Production 1.00 2.19 2.85 2.64 2.62 2.64 Thousand Tonnes [+]
Ease of Doing Business 106.00 107 107 108 105 106 [+]
Corruption Index 30.00 30 31 32 32 27 Points [+]
Corruption Rank 123.00 126 124 121 123 118 [+]
Changes In Inventories 97615.00 -65447 -9733 -28769 -22265 -23922 Million PYG [+]
Competitiveness Index 3.65 3.67 3.67 3.67 3.69 3.74 Points [+]
Competitiveness Rank 117.00 118 118 118 117 118 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Gasoline Prices 0.70 0.69 0.7 0.69 0.69 0.69 USD/Liter [+]
Consumer Spending 27419559.85 25757415 27377192 30256871 28349458 30884681 PYG Million [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 10.00 10.02 9.89 9.76 9.76 9.76 percent [+]
Sales Tax Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate 25.50 25.5 25.5 25.5 25.5 25.5 percent [+]
Social Security Rate For Companies 16.50 16.5 16.5 16.5 16.5 16.5 percent [+]
Social Security Rate For Employees 9.00 9 9 9 9 9 percent [+]