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 Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 1.80 1.3 1.7 1.7 -0.4 1.4 percent
Unemployment Rate 7.60 8.5 7.6 7 7.5 7.4 percent
Inflation Rate 3.60 4 4.5 4.6 4.6 3.7 percent
Interest Rate 5.25 5.25 5.25 5.5 5.5 6.5 percent
Balance of Trade -158477.00 -231798 -304503 -247889 -258135 -107214 USD Thousands
Government Debt to GDP 24.10 23.2 25.95 25.2 35.5 23.8 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 5631.57
 5588 5672 5759 5846 6210
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 1.80
percent		 1.3 1.7 1.7 -0.4 1.4
GDP Annual Growth Rate 3.00
percent		 3.6 3.8 3.8 3.5 3.6
GDP 27.44
USD Billion		 27.8 27.4 30 31 32
Gross Fixed Capital Formation 1635.51
Million PYG		 1349 1667 1959 1530 2111
GDP per capita 3928.30
USD		 3966 4210 4210 4460 4500
GDP per capita PPP 8877.60
USD		 9036 8986 8936 8980 8954
GDP Constant Prices 7606171586.00
PYG Thousand		 7512544289 7750840970 8489737923 8371337302 9147183227
GDP From Agriculture 1130137684.00
PYG Thousand		 1442421555 1151632903 1622253423 1831333052 1747880728
GDP From Construction 368362977.00
PYG Thousand		 295023702 375369241 342609106 339368979 369140756
GDP From Manufacturing 916303364.00
PYG Thousand		 792844072 933731454 927192688 961223305 998994490
GDP From Services 3343168721.00
PYG Thousand		 3239930376 3406755790 3617979412 3395545300 3898155738
GDP From Utilities 749160676.00
PYG Thousand		 808503728 763409712 925528882 916976750 997201839
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 7.60
percent		 8.5 7.6 7 7.5 7.4
Minimum Wages 2041.12
PYG Thousand/Month		 2041 2110 2110 2110 2250
Population 6.85
Million		 7.4 6.92 6.94 6.97 7.3
Unemployed Persons 93052.00
 102262 102262 102262 102262 102262
Living Wage Family 2338000.00
PYG/Month		 2338000 2338000 2338000 2438000 2438000
Living Wage Individual 1445700.00
PYG/Month		 1445700 1445700 1445700 1445700 1445700
Wages High Skilled 5018400.00
PYG/Month		 5038400 5038400 5038400 5038400 5068400
Wages In Manufacturing 269.90
Index Points		 275 278 278 290 300
Wages Low Skilled 2672000.00
PYG/Month		 2752000 2752000 2752000 2752000 2800000
Employed Persons 1126552.00
 1131472 1131472 1131472 1131472 1131472
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 3.60
percent		 4 4.5 4.6 4.6 3.7
Core Consumer Prices 100.90
Index Points		 162 163 164 105 180
Core Inflation Rate 3.10
percent		 4.81 4.91 4.48 4.28 4.59
Inflation Rate Mom 0.00
percent		 0.34 0.35 0.34 0.34 0.34
Producer Prices 120.70
Index Points		 121 123 124 124 132
Producer Prices Change 2.70
percent		 3.01 3.08 3.14 3.11 3.13
GDP Deflator 550.45
Index Points		 539 539 539 539 539
Food Inflation 4.80
percent		 6.5 6 5.5 6 6
CPI Housing Utilities 101.00
Index Points		 165 166 167 106 180
CPI Transportation 103.00
Index Points		 125 126 127 108 137
Consumer Price Index Cpi 101.10
Index Points		 157 159 162 106 175
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 5.25
percent		 5.25 5.25 5.5 5.5 6.5
Deposit Interest Rate 3.76
percent		 3.78 4.05 4.33 4.29 4.17
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -158477.00
USD Thousands		 -231798 -304503 -247889 -258135 -107214
Exports 897895.00
USD Thousands		 687947 683561 720000 683524 850000
Imports 1056372.00
USD Thousands		 919745 988064 976138 941659 957214
Current Account -373.20
USD Million		 -194 -194 -194 -194 -194
Current Account to GDP 1.30
percent		 0.29 -0.19 0.85 -1.04 0.61
Gold Reserves 8.20
Tonnes		 8.2 8.2 8.2 8.2 8.2
Terrorism Index 3.60
 3.61 3.39 3.18 3 0.75
Foreign Direct Investment 80.20
USD Million		 60315 61210 66146 66018 65174
External Debt 5616269.00
USD Thousand		 5580000 5630000 5710000 5526187 5970000
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 24.10
percent		 23.2 25.95 25.2 35.5 23.8
Government Budget -1.50
percent of GDP		 -1.65 -1.45 -1.24 -1.31 -1.41
Military Expenditure 333.30
USD Million		 361 357 353 348 284
Government Spending 4515849.00
PYG Million		 4738381 4601650 5949204 4385178 6409911
Government Debt 7144.70
USD Million		 7224 7215 7196 7174 6902
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Internet Speed 1375.35
KBps		 1334 1333 1332 1333 1333
IP Addresses 206156.00
IP		 122202 115228 110395 107680 105820
Leading Economic Index -0.10
percent		 3.1 3.4 3.6 3.7 4
Steel Production 1.00
Thousand Tonnes		 3.14 3.2 3.15 3.15 3.15
Ease of Doing Business 108.00
 108 108 108 108 108
Corruption Index 29.00
Points		 29 29 29 29 29
Corruption Rank 135.00
 135 135 135 135 135
Changes In Inventories 221749.00
Million PYG		 230096 230096 230096 230096 230096
Competitiveness Index 3.71
Points		 3.68 3.68 3.68 3.68 3.68
Competitiveness Rank 112.00
 114 114 114 114 114
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Gasoline Prices 0.77
USD/Liter		 0.68 0.64 0.61 0.57 0.4
Consumer Spending 28220757.14
PYG Million		 26701533 28756952 31282854 28260467 33705399
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 25.5 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 204.49
mm		 83.54 45.84 121 116 93.41
Temperature 27.93
celsius		 20.5 20.27 25.71 26.76 23.82