The Gross Domestic Product (GDP) in Paraguay expanded 0.40 percent in the first quarter of 2020 over the previous quarter.

GDP Growth Rate in Paraguay averaged 0.99 percent from 2008 until 2020, reaching an all time high of 10.70 percent in the fourth quarter of 2011 and a record low of -6.40 percent in the third quarter of 2011. This page provides - Paraguay GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Paraguay GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.

GDP Growth Rate in Paraguay is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Paraguay to stand at 1.70 in 12 months time. In the long-term, the Paraguay GDP Growth Rate is projected to trend around 2.60 percent in 2021 and 2.90 percent in 2022, according to our econometric models.

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Paraguay GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.40 1.40 10.70 -6.40 2008 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 05:30 PM Q2 -0.1% -0.9% -1%
2019-12-23 04:20 PM Q3 2.4% -0.1% 0.3%
2020-03-27 05:00 PM Q4 1.4% 2.4% 0.1%
2020-06-26 05:30 PM Q1 0.4% 1.4% -0.5%
2020-09-25 05:30 PM Q2 0.4% -6%
2020-12-22 05:30 PM Q3 5%

Paraguay GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 1.40 10.70 -6.40 percent [+]
GDP Annual Growth Rate 3.50 3.50 13.70 -7.40 percent [+]
GDP 38.15 40.38 40.38 0.44 USD Billion [+]
Gross Fixed Capital Formation 11703711.00 12121468.00 12121468.00 697807.00 Million PYG [+]
GDP per capita 5310.63 5379.58 5379.58 1364.33 USD [+]
GDP per capita PPP 12684.60 12849.90 12849.90 8136.30 USD [+]
GDP Constant Prices 55103828726.00 55147169340.00 55147169340.00 22132596611.00 PYG Thousand [+]
GDP From Agriculture 6344467268.00 3991873756.00 6602282974.00 977159311.00 PYG Thousand [+]
GDP From Construction 3342542288.00 3446337889.00 3446337889.00 975621324.00 PYG Thousand [+]
GDP From Manufacturing 10118010433.00 10552722392.00 10552722392.00 5152598084.00 PYG Thousand [+]
GDP From Services 25441681193.00 27533991478.00 27533991478.00 9992102088.00 PYG Thousand [+]
GDP From Utilities 4318513499.00 3836157874.00 4750708819.00 1981744864.00 PYG Thousand [+]


Paraguay GDP Growth Rate
The biggest sector of Paraguay´s economy is services. Financing, real estate and business services; trade, communication and restaurant and hotels, household and government services account for 39 percent of the GDP. Industry and mining create 25 percent of the wealth and agriculture, forestry, fishing and cattle 21 percent. Construction and water and gas distribution accounts for the remaining 15 percent of GDP.