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.