The Gross Domestic Product (GDP) in Paraguay expanded 3.80 percent in the third quarter of 2021 over the same quarter of the previous year. source: Banco Central del Paraguay

GDP Annual Growth Rate in Paraguay averaged 3.10 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 January of 2022.

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. In the long-term, the Paraguay GDP Annual Growth Rate is projected to trend around 4.00 percent in 2022, according to our econometric models.

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Paraguay GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-09-24 08:20 PM Q2 13.9% 0.5% 6%
2021-12-29 08:00 PM Q3 3.8% 13.9% 2%
2022-03-29 05:00 PM Q4

Related Last Previous Unit Reference
GDP Growth Rate -3.10 -4.36 percent Sep/21
GDP Annual Growth Rate 3.80 13.94 percent Sep/21
Gross Fixed Capital Formation 15167528.00 14990081.00 Million PYG Sep/21
GDP From Utilities 2942182.00 2916356987.00 PYG Thousand Sep/21
GDP From Services 25812170.00 25956125184.00 PYG Thousand Sep/21
GDP From Manufacturing 10220701.00 10457313806.00 PYG Thousand Sep/21
GDP From Construction 4030368.00 4141193638.00 PYG Thousand Sep/21
GDP From Agriculture 2728140.00 4325446270.00 PYG Thousand Sep/21
GDP Constant Prices 51467218.00 53453743716.00 PYG Thousand Sep/21
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.