Paraguay’s economy expanded 5.8% year-on-year in the first quarter of 2026, easing from a 6.2% increase in the previous quarter. The services sector rose 6.6% on strong performances in transportation, financial intermediation, household and government services, real estate, restaurants and hotels, business services, telecommunications, information services, and valuation services. Manufacturing activity increased 6.0%, supported by higher production of oils, dairy products, sugar, milling and bakery products, beverages and tobacco, chemical and pharmaceutical products, paper, wood, non-metallic minerals, basic metals, machinery and equipment, and other manufactured goods. Agriculture grew 8.2%, driven by stronger soybean, sugarcane, cassava, beans, sunflower, and tobacco output. The construction sector expanded 5.6% on faster private-sector project execution, while utilities rose 4.7%, supported by solid performances in electricity distribution, water supply, and sanitation. source: Banco Central del Paraguay

The Gross Domestic Product (GDP) in Paraguay expanded 5.80 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Paraguay averaged 3.23 percent from 1995 until 2026, reaching an all time high of 14.00 percent in the second quarter of 2021 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 July of 2026.

The Gross Domestic Product (GDP) in Paraguay expanded 5.80 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Paraguay is expected to be 3.30 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 2027 and 3.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-27 05:00 PM
GDP Growth Rate YoY
Q4 6.2% 6.6% 5.0%
2026-06-26 05:00 PM
GDP Growth Rate YoY
Q1 5.8% 6.2% 4%
2026-09-25 05:00 PM
GDP Growth Rate YoY
Q2 5.8% 3.3%


Related Last Previous Unit Reference
GDP Growth Rate YoY 5.80 6.20 percent Mar 2026
GDP Constant Prices 68530438.90 66065805.50 PYG Million Mar 2026
GDP from Agriculture 6893693.60 4106191.50 PYG Million Mar 2026
GDP from Construction 4404325.70 3990222.60 PYG Million Mar 2026
GDP from Manufacturing 12865566.20 12578098.60 PYG Million Mar 2026
GDP from Services 32116716.10 33218258.40 PYG Million Mar 2026
GDP from Utilities 5091173.30 4929966.70 PYG Million Mar 2026
GDP Growth Rate 1.90 0.80 percent Mar 2026
Gross Fixed Capital Formation 19521550.20 18190307.60 PYG Million Mar 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
5.80 6.20 14.00 -7.40 1995 - 2026 percent Quarterly

News Stream
Paraguay Economy Grows in Q1 2026
Paraguay’s economy expanded 5.8% year-on-year in the first quarter of 2026, easing from a 6.2% increase in the previous quarter. The services sector rose 6.6% on strong performances in transportation, financial intermediation, household and government services, real estate, restaurants and hotels, business services, telecommunications, information services, and valuation services. Manufacturing activity increased 6.0%, supported by higher production of oils, dairy products, sugar, milling and bakery products, beverages and tobacco, chemical and pharmaceutical products, paper, wood, non-metallic minerals, basic metals, machinery and equipment, and other manufactured goods. Agriculture grew 8.2%, driven by stronger soybean, sugarcane, cassava, beans, sunflower, and tobacco output. The construction sector expanded 5.6% on faster private-sector project execution, while utilities rose 4.7%, supported by solid performances in electricity distribution, water supply, and sanitation.
2026-06-26
Paraguay GDP Annual Growth Eases in Q4
Paraguay's GDP expanded 6.2% year-on-year in Q4 2025, down from 6.7% in the previous quarter. Growth was driven by strong performance in services (5.7% vs 6.6% in Q3) and electricity and water (13.2% vs 8.3%), while agriculture rebounded sharply (20.8% vs 15.7%). On the other hand, expansion accelerated in construction (4.3% vs 3.4%) and in livestock, forestry, fishing and mining (3.9% vs 3.0%), whereas manufacturing eased (3.7% vs 7.3%). From the expenditure side, domestic demand rose 6.7%, slightly above the 6.2% recorded in Q3.
2026-03-27
Paraguay GDP Annual Growth Accelerates in Q3
Paraguay's GDP expanded 6.6% year-on-year in Q3 2025, up from 6.5% in the previous quarter. Growth was driven by strong performance in services (6.9% vs 7.1% in Q2) and electricity and water (8.3% vs 14.1%), while agriculture rebounded sharply (9.5% vs 3.5%). On the other hand, expansion eased in construction (3.4% vs 4.5%) and in livestock, forestry, fishing and mining (2.7% vs 5.2%), whereas manufacturing accelerated (7.4% vs 4.5%). From the expenditure side, domestic demand rose 5.9%, well below the 14.1% recorded in Q2.
2025-12-23