The Gross Domestic Product (GDP) in Paraguay grew 0.60 percent on year in the fourth quarter of 2021, slowing from a 2.9 percent expansion in the previous period. Growth eased for manufacturing (1.5 percent vs 5 percent), construction (2.2 percent vs 5.8 percent) and services (4.9 percent vs 7 percent). Meanwhile output continued to decline for agriculture (-32.9 percent vs -23.1 percent), electricity and water supplies (-2.5 percent vs -16.5 percent). source: Banco Central del Paraguay

GDP Annual Growth Rate in Paraguay averaged 3.07 percent from 1995 until 2021, reaching an all time high of 13.94 percent in the second quarter of 2021 and a record low of -7.43 percent in the second quarter of 2020. 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 June of 2022.

GDP Annual Growth Rate in Paraguay is expected to be 1.10 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 2023, according to our econometric models.

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Paraguay GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-12-29 08:00 PM Q3 3.8% 13.9% 2%
2022-03-29 05:00 PM Q4 0.6% 2.9% 3%
2022-06-30 05:30 PM Q1 0.6% 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 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
0.60 2.90 13.94 -7.43 1995 - 2021 percent Quarterly