The Gross Domestic Product (GDP) in Paraguay expanded 9.27 percent on quarter in the fourth quarter of 2021, rebounding from a 4.53 percent in the previous period. It was the highest quarterly GDP growth since the fourth quarter of 2020. source: Banco Central del Paraguay

GDP Growth Rate in Paraguay averaged 1.01 percent from 2008 until 2021, reaching an all time high of 12 percent in the fourth quarter of 2020 and a record low of -14.78 percent in the second quarter of 2020. This page provides - Paraguay GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Paraguay GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

GDP Growth Rate in Paraguay is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Paraguay GDP Growth Rate is projected to trend around 0.30 percent in 2023, according to our econometric models.

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Paraguay GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-12-29 08:00 PM Q3 -3.1% -4.4% 1.7%
2022-03-29 05:00 PM Q4 9.27% -4.53% 0.9%
2022-06-30 05:30 PM Q1 9.27% 0.2%

Related Last Previous Unit Reference
GDP Growth Rate 9.27 -4.53 percent Dec 2021
GDP Annual Growth Rate 0.60 2.90 percent Dec 2021
Gross Fixed Capital Formation 16607810.00 15166220.00 Million PYG Dec 2021
GDP From Utilities 3591871286.00 2942182244.00 PYG Thousand Dec 2021
GDP From Services 28450491357.00 25792634936.00 PYG Thousand Dec 2021
GDP From Manufacturing 10977447554.00 10217619802.00 PYG Thousand Dec 2021
GDP From Construction 4118347955.00 4037109721.00 PYG Thousand Dec 2021
GDP From Agriculture 2622124238.00 2281227611.00 PYG Thousand Dec 2021
GDP Constant Prices 55744290106.00 51004708853.00 PYG Thousand Dec 2021

Paraguay GDP Growth Rate
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
9.27 -4.53 12.00 -14.78 2008 - 2021 percent Quarterly