The Gross Domestic Product (GDP) in Paraguay contracted 2 percent in the first quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Paraguay averaged 3.29 percent from 1995 until 2019, reaching an all time high of 13.70 percent in the first quarter of 2010 and a record low of -7.40 percent in the third quarter of 2000.

GDP Annual Growth Rate in Paraguay is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Paraguay to stand at 2.50 in 12 months time. In the long-term, the Paraguay GDP Annual Growth Rate is projected to trend around 3.80 percent in 2020, according to our econometric models.

Paraguay GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-28 05:30 PM GDP Growth Rate YoY Q2 6.2% 4.7% 3.6%
2018-12-21 04:10 PM GDP Growth Rate YoY Q3 1.1% 6.4% 3.8%
2019-03-29 05:00 PM GDP Growth Rate YoY Q4 1.2% 1.4% 1%
2019-06-28 05:00 PM GDP Growth Rate YoY Q1 -2% 1% -2.5%
2019-09-30 05:30 PM GDP Growth Rate YoY Q2 -2% -2.8%
2019-12-23 05:30 PM GDP Growth Rate YoY Q3 1.5%


Paraguay GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.90 0.80 10.70 -6.40 percent [+]
GDP Annual Growth Rate -2.00 1.00 13.70 -7.40 percent [+]
GDP 40.84 39.01 40.84 0.44 USD Billion [+]
Gross Fixed Capital Formation 11246633.00 11330247.00 11330247.00 697807.00 Million PYG [+]
GDP per capita 5394.46 5272.58 5394.46 1364.33 USD [+]
GDP per capita PPP 12063.00 11790.50 12063.00 7617.00 USD [+]
GDP Constant Prices 53628640.00 53576771.00 54747646.00 22132597.00 PYG Thousand [+]
GDP From Agriculture 5725767921.00 3452697245.00 6500066703.00 977159311.00 PYG Thousand [+]
GDP From Construction 3021935442.00 3102907794.00 3321971243.00 975621324.00 PYG Thousand [+]
GDP From Manufacturing 10258616819.00 10313328086.00 10483239200.00 5152598084.00 PYG Thousand [+]
GDP From Services 25044257756.00 26532190815.00 26532190815.00 9992102088.00 PYG Thousand [+]
GDP From Utilities 4149820643.00 4526448579.00 4713195246.00 1981744864.00 PYG Thousand [+]


Paraguay GDP Annual Growth Rate

In the last decade, Paraguay has been one of the fastest growing economies in Latin America 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 GDP. 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. This page provides - Paraguay GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Paraguay GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2.00 1.00 13.70 -7.40 1995 - 2019 percent Quarterly




Country Last Previous
China 6.20 Jun/19
Indonesia 5.05 Jun/19
India 5.00 Jun/19
Spain 2.30 Jun/19
United States 2.30 Jun/19
Netherlands 2.00 Jun/19
South Korea 2.00 Jun/19
Saudi Arabia 1.70 Mar/19
Canada 1.60 Jun/19
Australia 1.40 Jun/19
France 1.40 Jun/19
Euro Area 1.20 Jun/19
United Kingdom 1.20 Jun/19
Brazil 1.00 Jun/19
Japan 1.00 Jun/19
Russia 0.90 Jun/19
South Africa 0.90 Jun/19
Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
Singapore 0.10 Jun/19
Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19
Argentina -5.80 Mar/19


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