Paraguay GDP Annual Growth Rate

The economy of Paraguay advanced 1.1 percent year-on-year in Q3 2018, slowing from an upwardly revised 6.4 percent growth in Q2. It is the weakest expansion since the first quarter of 2016. Output grew less in trade and services (3.2% vs 5.8% in Q2); manufacturing (0.2% vs 9.8%); agriculture (3.3% vs 5.9%) and livestock, forestry, fishing and mining (1.2% vs 2.3%). In addition, both the construction (-5.1% vs 13.4%) and the utilities (-5.6% vs -0.2%) contracted. On a quarterly basis, the economy shrank 5.2 percent, after an upwardly revised 1 percent contraction in Q2. GDP Annual Growth Rate in Paraguay averaged 3.50 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 4.00 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 3.70 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.

1Y 5Y 10Y MAX

width

height

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

Learn More Questions? Contact us Already a Member? Login

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us

Calendar	GMT		Actual	Previous	TEForecast
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	04:10 PM	GDP Growth Rate YoY	1.1%	6.4%	3.8%
2019-03-29	02:00 PM	GDP Growth Rate YoY		1.1%	4%
2019-06-28	11:15 AM	GDP Growth Rate YoY			3.5%
2019-09-30	05:30 PM	GDP Growth Rate YoY			3.2%

Paraguay GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	-5.20	-1.00	10.70	-6.40	percent	[+]
GDP Annual Growth Rate	1.10	6.40	16.40	-7.70	percent	[+]
GDP	29.73	27.42	30.88	0.40	USD Billion	[+]
Gross Fixed Capital Formation	10800544.00	10578019.00	10811355.00	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	50075362.00	52836686.00	53347365.00	22431184.67	PYG Thousand	[+]
GDP From Agriculture	2968456797.00	4503851748.00	6131303380.00	817988.51	PYG Thousand	[+]
GDP From Construction	3144232362.00	3198964732.00	3311704055.00	1048308.65	PYG Thousand	[+]
GDP From Manufacturing	10275217431.00	10490851855.00	10657104522.00	5089660.03	PYG Thousand	[+]
GDP From Services	24592922659.00	24985998438.00	25939902558.00	9749786.41	PYG Thousand	[+]
GDP From Utilities	3550193212.00	4080931349.00	4747856731.00	1962163.03	PYG Thousand	[+]

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 February of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	1.10	6.40	16.40	-7.70	1995 - 2018	percent	Quarterly

Export Data API

Country	Last		Previous	Range
India	7.10	Sep/18	8.2	11.4 : -5.2	%
China	6.40	Dec/18	6.5	15.4 : 3.8	%
Indonesia	5.18	Dec/18	5.17	7.16 : 1.56	%
South Korea	3.10	Dec/18	2	20.8 : -7.3	%
United States	3.00	Sep/18	2.9	13.4 : -3.9	%
Australia	2.80	Sep/18	3.1	9 : -3.4	%
Saudi Arabia	2.50	Sep/18	1.61	24.2 : -20.7	%
Spain	2.40	Dec/18	2.4	5.6 : -4.3	%
Switzerland	2.40	Sep/18	3.5	5.8 : -3.7	%
Canada	2.10	Sep/18	1.9	9.3 : -4.1	%
Netherlands	2.00	Dec/18	2.4	6.1 : -4.6	%
Singapore	1.90	Dec/18	2.4	19 : -8.8	%
Mexico	1.80	Dec/18	2.5	9 : -9.1	%
Turkey	1.60	Sep/18	5.3	11.7 : -14.4	%
Russia	1.50	Sep/18	1.9	12.1 : -11.2	%
Brazil	1.30	Sep/18	0.9	10.1 : -5.5	%
United Kingdom	1.30	Dec/18	1.6	9.7 : -6.1	%
Euro Area	1.20	Dec/18	1.6	5 : -5.5	%
South Africa	1.10	Sep/18	0.4	7.1 : -2.6	%
France	0.90	Dec/18	1.3	12.6 : -3.8	%
Germany	0.60	Dec/18	1.1	7.2 : -6.8	%
Italy	0.10	Dec/18	0.6	10.3 : -7.2	%
Japan	0.00	Dec/18	0.1	9.4 : -8.8	%
Argentina	-3.50	Sep/18	-4	16.2 : -16.3	%