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 Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 1.80 1.6 1.6 0.9 1.2 1.3 percent
Unemployment Rate 7.60 8.5 8.5 7.6 7 7.4 percent
Inflation Rate 4.70 3.6 3.7 3.7 3.6 3.7 percent
Interest Rate 5.25 5.25 5.25 5.25 5.5 6.5 percent
Balance of Trade -472349.00 -345074 -218284 -153808 -119408 -80344 USD Thousands
Government Debt to GDP 22.80 25.02 25.95 26.87 27.8 37.7 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 5572.11
5711 5817 5925 6036 6498
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 1.80
percent
1.6 1.6 0.9 1.2 1.3
GDP Annual Growth Rate 3.00
percent
3.7 3.8 4 4.3 3.6
GDP 27.44
USD Billion
28.02 27.75 27.47 30 32
Gross Fixed Capital Formation 1635.51
Million PYG
1536 1358 1579 1762 1641
GDP per capita 3928.30
USD
3988 3975 3962 4210 4500
GDP per capita PPP 8877.60
USD
9001 8963 8924 8886 8614
GDP Constant Prices 7606171586.00
PYG Thousand
7977892977 7612650511 7609356248 7711966554 7664517473
GDP From Agriculture 1130137684.00
PYG Thousand
1635519985 1407028137 1226632436 1394954443 1344415714
GDP From Construction 368362977.00
PYG Thousand
332629111 319337996 338877306 341100516 328293544
GDP From Manufacturing 916303364.00
PYG Thousand
914247401 815225831 888947210 878138700 866986933
GDP From Services 3343168721.00
PYG Thousand
3308735171 3209466803 3309483485 3361409093 3304395115
GDP From Utilities 749160676.00
PYG Thousand
783886256 788198467 779670960 771577036 757008422
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 7.60
percent
8.5 8.5 7.6 7 7.4
Minimum Wages 2041.12
PYG Thousand/Month
2041 2041 2110 2110 2250
Population 6.86
Million
7.4 7.4 6.92 6.95 7.22
Living Wage Family 2338000.00
PYG/Month
2338000 2338000 2338000 2338000 2338000
Living Wage Individual 1445700.00
PYG/Month
1445700 1445700 1445700 1445700 1445700
Unemployed Persons 93052.00
92560 99664 92039 86271 85912
Wages High Skilled 5018400.00
PYG/Month
4665168 4680206 4695245 4710284 4659643
Wages In Manufacturing 259.80
Index Points
262 262 261 261 258
Wages Low Skilled 2672000.00
PYG/Month
2526010 2530506 2535001 2539496 2571093
Employed Persons 1126552.00
1129117 1128345 1126396 1124588 1104353
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 4.70
percent
3.6 3.7 3.7 3.6 3.7
Core Consumer Prices 157.10
Index Points
158 159 160 160 160
Core Inflation Rate 4.20
percent
4.6 5.28 5.89 6.4 7.88
Inflation Rate Mom 0.80
percent
0.38 0.34 0.36 0.36 0.36
Producer Prices 120.40
Index Points
120 120 120 120 117
Producer Prices Change 2.00
percent
2.97 4.87 6.66 7.89 7.85
GDP Deflator 550.45
Index Points
551 557 563 562 559
Food Inflation 7.70
percent
7 6.5 6 5.5 6
CPI Housing Utilities 100.30
Index Points
66.83 26.76 9.06 2.62 45.15
CPI Transportation 102.70
Index Points
93.33 88.6 87.5 87.1 84.7
Consumer Price Index Cpi 100.80
Index Points
152 152 152 152 154
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 5.25
percent
5.25 5.25 5.25 5.5 6.5
Deposit Interest Rate 3.76
percent
4.15 4.41 4.67 4.94 6.34
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -472349.00
USD Thousands
-345074 -218284 -153808 -119408 -80344
Exports 562398.46
USD Thousands
585321 568189 558073 720000 850000
Imports 1034747.54
USD Thousands
1039723 1021623 1007261 993799 857248
Current Account -59.20
USD Million
59.53 -53.15 17.12 74.73 34.29
Current Account to GDP 1.30
percent
-0.66 -0.19 0.26 0.73 -1.25
Remittances 743.00
USD Million
716 698 680 662 623
Gold Reserves 8.19
Tonnes
8.03 7.89 7.74 7.6 6.62
Terrorism Index 3.60
3.82 3.61 3.39 3.18 1.29
Foreign Direct Investment 44856.00
USD Thousand
66459 67528 67116 66756 66953
External Debt 5578579.00
USD Thousand
5540000 5580000 5630000 5710000 5970000
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 22.80
percent
25.02 25.95 26.87 27.8 37.7
Government Budget -1.40
percent of GDP
-0.98 -0.85 -0.72 -0.6 0.1
Military Expenditure 360.20
USD Million
364 358 351 345 286
Government Debt 7167.90
USD Million
7214 7224 7215 7196 6902
Government Spending 4515849.00
PYG Million
4421920 4703234 4455875 5286031 4953716
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Internet Speed 1375.35
KBps
1186 1160 1136 1119 1011
IP Addresses 206156.00
IP
133067 122202 115228 110395 105552
Leading Economic Index 6.10
percent
4.31 4.18 4.07 4 3.93
Steel Production 4.00
Thousand Tonnes
4.91 5.15 5.31 5.41 5.57
Ease of Doing Business 108.00
107 106 105 104 107
Corruption Index 30.00
Points
28 29 30 30 26
Corruption Rank 123.00
126 124 122 119 124
Changes In Inventories 221749.00
Million PYG
183482 129685 97649 106821 112042
Competitiveness Index 3.71
Points
3.65 3.65 3.65 3.65 3.66
Competitiveness Rank 112.00
117 117 117 117 121
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Gasoline Prices 0.76
USD/Liter
0.75 0.75 0.75 0.75 0.74
Consumer Spending 28220757.14
PYG Million
27421425 27202960 28024358 28040287 27493130
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 10.00
percent
11 11 11 11 13
Sales Tax Rate 10.00
percent
10 10 10 10 10
Social Security Rate 25.50
percent
26 26 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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 204.49
mm
115 83.54 45.84 121 93.41
Temperature 27.93
celsius
26.71 20.5 20.27 25.71 23.82