Paraguay - Economic Forecasts - 2018-2020 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate -1.00 1.7 1.7 1 1.1 1.4 percent
Unemployment Rate 7.60 7.8 7 8.3 8.4 7.4 percent
Inflation Rate 4.40 3.8 4.5 4.6 4.4 4.4 percent
Interest Rate 5.25 5.25 5.5 5.5 6.25 6.5 percent
Balance of Trade -172760.00 -198287 -221442 -186344 -188236 -94284 USD Thousands
Government Debt to GDP 24.10 25.95 24.5 35.5 25.3 22 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 5731.12
 5750 5813 5876 5940 6203
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate -1.00
percent		 1.7 1.7 1 1.1 1.4
GDP Annual Growth Rate 4.10
percent		 3.8 3.8 3.5 3.5 3.6
GDP 29.73
USD Billion		 27.22 27.25 33 33 32
Gross Fixed Capital Formation 9977807.52
Million PYG		 10640321 10756702 10327031 9294702 11589701
GDP per capita 3905.93
USD		 4210 4210 4300 4300 4400
GDP per capita PPP 8827.00
USD		 8900 8900 9100 9100 9400
GDP Constant Prices 52674974.00
PYG Thousand		 50255408 55249412 54518598 51036657 59527927
GDP From Agriculture 5912299.00
PYG Thousand		 2877551 3691145 6119229 4398032 3976987
GDP From Construction 2884295.86
PYG Thousand		 3229250 3166924 2985246 2770195 3412171
GDP From Manufacturing 10243539.11
PYG Thousand		 10638992 11104112 10602063 10036839 11964014
GDP From Services 23552943.25
PYG Thousand		 24067096 27071993 24377296 24109001 29168448
GDP From Utilities 4747862.00
PYG Thousand		 3830333 4411606 4914037 4234044 4753241
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 7.60
percent		 7.8 7 8.3 8.4 7.4
Minimum Wages 2041.12
PYG Thousand/Month		 2110 2110 2110 2041 2250
Population 6.85
Million		 6.93 6.92 6.94 6.96 7.13
Unemployed Persons 93052.00
 95812 95300 101517 105372 98377
Living Wage Family 2338000.00
PYG/Month		 2338000 2338000 2438000 2338000 2438000
Living Wage Individual 1445700.00
PYG/Month		 1445700 1445700 1445700 1445700 1445700
Wages High Skilled 5018400.00
PYG/Month		 5038400 5038400 5038400 4688145 5068400
Wages In Manufacturing 269.90
Index Points		 278 278 290 283 300
Wages Low Skilled 2672000.00
PYG/Month		 2752000 2752000 2752000 2511096 2800000
Employed Persons 1126552.00
 1134081 1133442 1133935 1133648 1133739
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 4.40
percent		 3.8 4.5 4.6 4.4 4.4
Core Consumer Prices 101.60
Index Points		 101 102 103 104 106
Core Inflation Rate 2.70
percent		 2.14 2 1.95 1.93 1.92
Inflation Rate Mom 0.70
percent		 0.35 0.32 0.34 0.33 0.33
Producer Prices 121.10
Index Points		 123 124 124 125 132
Producer Prices Change 2.70
percent		 3.06 3.11 3.13 3.13 3.14
GDP Deflator 109.55
Index Points		 109 109 110 110 112
Food Inflation 4.20
percent		 6 5.5 6 4.71 6
CPI Housing Utilities 101.40
Index Points		 165 166 106 106 182
CPI Transportation 106.90
Index Points		 125 127 108 112 138
Consumer Price Index Cpi 101.90
Index Points		 158 162 106 106 177
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 5.25
percent		 5.25 5.5 5.5 6.25 6.5
Deposit Interest Rate 3.76
percent		 3.76 4.01 4.01 4.76 5.01
Money Supply M0 11573658.00
Million PYG		 11609421 11611099 11610380 11610398 11610408
Money Supply M1 27835140.00
Million PYG		 28507324 29002160 29486559 29969317 34678359
Money Supply M2 46057460.00
Million PYG		 47098824 47994588 48880176 49761768 58357188
Money Supply M3 81205001.00
Million PYG		 83578147 85029225 86506660 87994435 102320729
Foreign Exchange Reserves 7033.70
USD Million		 7020 7022 7022 7022 7022
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -172760.00
USD Thousands		 -198287 -221442 -186344 -188236 -94284
Exports 753901.00
USD Thousands		 731589 720000 756559 755970 850000
Imports 926660.00
USD Thousands		 929876 938537 942903 944206 944284
Current Account -113.80
USD Million		 -190 -266 -179 -219 -216
Current Account to GDP 1.30
percent		 -0.19 0.85 -1.04 0.93 0.61
Gold Reserves 8.20
Tonnes		 8.2 8.2 8.2 8.2 8.2
Terrorism Index 3.60
 3.9 3.75 3.74 3.73 3.65
Foreign Direct Investment 77.50
USD Million		 88.51 86.54 85.81 86.19 86.32
External Debt 5614580.00
USD Thousand		 5630000 5710000 5615905 5615901 5970000
Capital Flows -222.00
USD Million		 -62.92 108 -87.29 -3.74 -17.31
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 24.10
percent		 25.95 24.5 35.5 25.3 22
Government Budget -1.50
percent of GDP		 -1.56 -1.66 -1.64 -1.61 -1.62
Military Expenditure 333.30
USD Million		 347 343 348 353 343
Government Spending 5880172.10
PYG Million		 5734540 7843737 6085978 5857771 8451156
Government Debt 7754.30
USD Million		 8207 8419 8627 8833 10761
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 1375.35
KBps		 1333 1332 1333 1333 1333
IP Addresses 206156.00
IP		 155376 151963 149682 148157 145167
Leading Economic Index 12.30
percent		 3.4 3.6 3.7 3.8 4
Steel Production 1.00
Thousand Tonnes		 2.82 2.6 2.58 2.6 2.6
Ease of Doing Business 108.00
 98 95 97 99 107
Corruption Index 29.00
Points		 29 28 28 28 30
Corruption Rank 135.00
 135 139 138 137 128
Changes In Inventories 1579820.48
Million PYG		 1250000 1540000 1158912 790067 346544
Competitiveness Index 3.71
Points		 3.62 3.62 3.69 3.71 3.71
Competitiveness Rank 112.00
 117 117 116 116 121
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Gasoline Prices 0.78
USD/Liter		 0.74 0.7 0.66 0.62 0.35
Consumer Spending 37230560.26
PYG Million		 35886847 38659766 38533630 36802023 41653579
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 10.00
percent		 10 10 10 10 10
Sales Tax Rate 10.00
percent		 10 10 10 10 10
Social Security Rate 25.50
percent		 25.5 25.5 26 26 26
Social Security Rate For Companies 16.50
percent		 16.5 16.5 16.5 16.5 16.5
Social Security Rate For Employees 9.00
percent		 9 9 9 9 9
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 204.49
mm		 45.84 121 116 96.27 93.41
Temperature 27.93
celsius		 20.27 25.71 26.76 23.8 23.82