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.

Paraguay GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus 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 [+]


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 February of 2019.

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




Country Last Previous
India 7.10 Sep/18
China 6.40 Dec/18
Indonesia 5.18 Dec/18
South Korea 3.10 Dec/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Saudi Arabia 2.50 Sep/18
Spain 2.40 Dec/18
Switzerland 2.40 Sep/18
Canada 2.10 Sep/18
Netherlands 2.00 Dec/18
Singapore 1.90 Dec/18
Mexico 1.80 Dec/18
Turkey 1.60 Sep/18
Russia 1.50 Sep/18
Brazil 1.30 Sep/18
United Kingdom 1.30 Dec/18
Euro Area 1.20 Dec/18
South Africa 1.10 Sep/18
France 0.90 Dec/18
Germany 0.60 Dec/18
Italy 0.10 Dec/18
Japan 0.00 Dec/18
Argentina -3.50 Sep/18


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