The Gross Domestic Product (GDP) in Paraguay expanded 6.90 percent in the second quarter of 2021 over the same quarter of the previous year. source: Banco Central del Paraguay

GDP Annual Growth Rate in Paraguay averaged 3.05 percent from 1995 until 2021, 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. This page provides - Paraguay GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Paraguay GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.

GDP Annual Growth Rate in Paraguay is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Paraguay GDP Annual Growth Rate is projected to trend around 4.00 percent in 2022, according to our econometric models.

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Paraguay GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-06-30 05:30 PM Q1 0.6% 1% 1%
2021-09-24 08:20 PM Q2 6.9% 0.5% 6%
2021-12-22 05:30 PM Q3 6.9% 2%


Related Last Previous Unit Reference
GDP Growth Rate 0.00 11.70 percent Mar/21
GDP Annual Growth Rate 6.90 0.50 percent Jun/21
Gross Fixed Capital Formation 14990081.00 14492871.00 Million PYG Jun/21
GDP From Utilities 2916356987.00 4030397515.00 PYG Thousand Jun/21
GDP From Services 25956125184.00 25466131782.00 PYG Thousand Jun/21
GDP From Manufacturing 10457313806.00 10545541935.00 PYG Thousand Jun/21
GDP From Construction 4141193638.00 3932040494.00 PYG Thousand Jun/21
GDP From Agriculture 4325446270.00 5949155790.00 PYG Thousand Jun/21
GDP Constant Prices 53453743716.00 55630197794.00 PYG Thousand Jun/21
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.