The economy of Paraguay advanced 6.2% year-on-year in Q2 2018, following an upwardly revised 4.7% growth in Q1. It is the strongest expansion since the first quarter of 2017, boosted by a faster rise in manufacturing (10% compared to 6.2% in Q1), namely metal products, non-metallic minerals, beverages and tobacco, machinery and equipment, chemicals, wood products, paper and cardboard, textiles and clothing, meat and dairy. There was also a rebound in construction (16.1% compared to -3.7%) and in livestock, forestry, fishing and mining (2.3% compared to -3.3%), namely poultry, pigs and milk. On the other hand, a slowdown was seen in internal trade (5.9% compared to 6.4%) and agriculture (0.7% compared to 1%) and utilities declined (-0.2% compared to 7.7%). On a quarterly basis, the economy shrank 0.3%, following a downwardly revised 0.5% fall in Q1. GDP Annual Growth Rate in Paraguay averaged 3.49 percent from 1995 until 2018, reaching an all time high of 16.40 percent in the first quarter of 2013 and a record low of -7.70 percent in the second quarter of 2009.

GDP Annual Growth Rate in Paraguay is expected to be 3.80 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 4.80 in 12 months time. In the long-term, the Paraguay GDP Annual Growth Rate is projected to trend around 3.60 percent in 2020, according to our econometric models.

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Paraguay GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-05 05:10 PM GDP Growth Rate YoY 3.0% 1.1% 3.0%
2018-06-11 02:00 PM GDP Growth Rate YoY 4.5% 3.1% 4.4%
2018-07-02 11:15 AM GDP Growth Rate YoY 4.1% 5.4% 3.4%
2018-09-28 05:30 PM GDP Growth Rate YoY 6.2% 4.7% 3.6%
2018-12-21 05:30 PM GDP Growth Rate YoY 6.2% 3.8%

Paraguay GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.30 -0.50 10.70 -6.40 percent [+]
GDP Annual Growth Rate 6.20 4.70 16.40 -7.70 percent [+]
GDP 29.73 27.42 30.88 0.40 USD Billion [+]
Gross Fixed Capital Formation 8994503.16 9416976.17 10026543.65 3480600.13 Million PYG [+]
GDP per capita 3905.93 3925.56 3925.56 1025.52 USD [+]
GDP per capita PPP 8827.00 8871.40 8871.40 5807.20 USD [+]
GDP Constant Prices 52767008.78 52949027.41 53222397.85 22431184.67 PYG Thousand [+]
GDP From Agriculture 4281670.27 5882186.58 5971863.77 817988.51 PYG Thousand [+]
GDP From Construction 3362327.34 3084273.67 3413066.89 1048308.65 PYG Thousand [+]
GDP From Manufacturing 10589803.45 10327577.61 10648303.44 5089660.03 PYG Thousand [+]
GDP From Services 24884555.67 23504208.52 25852562.59 9749786.41 PYG Thousand [+]
GDP From Utilities 4080931.35 4747856.73 4747856.73 1962163.03 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
6.20 4.70 16.40 -7.70 1995 - 2018 percent Quarterly

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