In the last decade, Paraguay has been one of the fastest growing economies in Latin America. From 2008 to 2012, the country has been expanding at an average rate of 0.93 percent on a quarter over quarter basis, mostly due to a rise in exports of agricultural commodities. Shipments of soy, cereals and meat account for more than 65 percent of total exports and for almost a quarter of the output. Yet, high poverty, inequality rates and corruption, remain the biggest challenges that the country has to face in order to reach its growth potential. This page provides - Paraguay GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Paraguay GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2018.