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 Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate -2.40 1.8 1.6 1.6 0.9 1.3 percent [+]
Unemployment Rate 8.90 8.6 8.5 8.5 7.5 7.4 percent [+]
Inflation Rate 4.20 3.4 3.6 3.7 3.7 3.7 percent [+]
Interest Rate 5.25 5.25 5.25 5.25 5.25 6.5 percent [+]
Balance of Trade -271772.00 -179637 -124412 -98794 -86681 -75850 USD Thousands [+]
Government Debt to GDP 22.80 27.8 28.95 30.1 31.25 37.7 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 5619.00 5580 5530 5470 5415 4794 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate -2.40 1.8 1.6 1.6 0.9 1.3 percent [+]
GDP Annual Growth Rate 0.90 3.6 3.7 3.8 3.7 3.6 percent [+]
GDP 27.44 29 26.3 25.4 24.5 32 USD Billion [+]
Gross Fixed Capital Formation 6294933.00 8286959 7496642 6607019 6718744 7227937 Million PYG [+]
GDP per capita 3928.30 4129 3948 3947 3945 4500 USD [+]
GDP per capita PPP 8877.60 8886 8873 8861 8848 8614 USD [+]
GDP Constant Prices 7363736160.00 7718832117 7923660124 7587934198 7444854120 7551004720 PYG Thousand [+]
GDP From Agriculture 1394320745.00 1478629497 1605474985 1401650435 1294764981 1395606245 PYG Thousand [+]
GDP From Construction 289801479.00 317159640 313674659 304949632 306009553 301473594 PYG Thousand [+]
GDP From Manufacturing 781139101.00 858528283 906303404 816731789 818722241 832082587 PYG Thousand [+]
GDP From Services 3184403497.00 3357846460 3289351040 3216724901 3157979801 3252628800 PYG Thousand [+]
GDP From Utilities 794192381.00 805162958 824509675 815301797 811512695 795099579 PYG Thousand [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 8.90 8.6 8.5 8.5 7.5 7.4 percent [+]
Minimum Wages 2041.12 2040 2039 2039 2038 2031 PYG Thousand/Month [+]
Population 6.86 7 7.4 7.4 7.02 7.22 Million [+]
Unemployed Persons 111473.00 85083 92376 99503 89856 85201 [+]
Wages High Skilled 4476200.00 4521333 4521333 4521333 4521333 4521333 PYG/Month [+]
Wages In Manufacturing 257.20 272 273 273 274 271 Index Points [+]
Wages Low Skilled 2440200.00 2289450 2289450 2289450 2289450 2289450 PYG/Month [+]
Living Wage Family 2009245.00 1981825 1979479 1977893 1976821 1974648 PYG/Month [+]
Living Wage Individual 1325964.00 1288239 1286756 1285976 1285566 1285112 PYG/Month [+]
Employed Persons 1136393.00 1133574 1130650 1129792 1127708 1110882 [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 4.20 3.4 3.6 3.7 3.7 3.7 percent [+]
Core Consumer Prices 155.30 156 157 157 157 157 Index Points [+]
Core Inflation Rate 4.40 4.65 5.16 5.72 6.23 7.85 percent [+]
Inflation Rate Mom 0.30 0.64 0.6 0.6 0.6 0.6 percent [+]
GDP Deflator 527.63 529 529 531 530 526 Index Points [+]
Food Inflation 6.80 6.91 7.3 7.52 7.68 8.03 percent [+]
CPI Housing Utilities 158.80 159 159 159 158 158 Index Points [+]
CPI Transportation 120.90 121 121 121 121 120 Index Points [+]
Consumer Price Index Cpi 152.40 152 152 152 152 154 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 5.25 5.25 5.25 5.25 5.25 6.5 percent [+]
Deposit Interest Rate 3.76 4.94 5.11 5.28 5.45 6.34 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -271772.00 -179637 -124412 -98794 -86681 -75850 USD Thousands [+]
Exports 678452.00 750000 617390 605322 590876 850000 USD Thousands [+]
Imports 950224.00 969217 963052 951105 938139 833727 USD Thousands [+]
Current Account -324.30 129 95.57 -76.55 -14.34 36.85 USD Million [+]
Current Account to GDP 1.30 0.73 0.43 0.12 -0.17 -1.25 percent [+]
Remittances 743.00 662 654 645 637 623 USD Million [+]
Gold Reserves 8.19 7.87 7.71 7.56 7.41 6.3 Tonnes [+]
Terrorism Index 3.84 4.36 4.32 4.29 4.25 2.87 [+]
Foreign Direct Investment -21975.00 61977 64151 65524 64611 64485 USD Thousand [+]
External Debt 5540885.00 5490000 5540000 5580000 5630000 5970000 USD Thousand [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 22.80 27.8 28.95 30.1 31.25 37.7 percent [+]
Government Budget -1.40 -0.6 -0.61 -0.61 -0.62 0.1 percent of GDP [+]
Military Expenditure 360.20 345 342 340 337 286 USD Million [+]
Government Debt 6122.10 6034 6008 5982 5956 5733 USD Million [+]
Government Spending 4652062.00 5401063 4383718 4731100 4166933 4958929 PYG Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Steel Production 2.00 3.76 4.44 4.86 5.12 5.53 Thousand Tonnes [+]
Ease of Doing Business 106.00 108 107 106 105 107 [+]
Corruption Index 30.00 30 30 30 29 26 Points [+]
Corruption Rank 123.00 119 120 121 122 124 [+]
Changes In Inventories 145516.00 126845 110285 153574 95602 109834 Million PYG [+]
Competitiveness Index 3.71 3.65 3.65 3.65 3.65 3.7 Points [+]
Competitiveness Rank 112.00 117 117 117 117 119 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Gasoline Prices 0.69 0.68 0.68 0.68 0.68 0.68 USD/Liter [+]
Consumer Spending 26254360.00 28301190 27319471 27012541 27609647 27313841 PYG Million [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 10.00 10.77 11.1 11.42 11.74 14.39 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 [+]