Markets Actual Q1 Q2 Q3 Q4 2020
Currency 6484.00 6494 6524 6555 6586 6648
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 2.40 1.3 1.7 2 2.2 2.9
GDP Annual Growth Rate (%) 2.80 1.5 2.1 2.3 2.5 3.1
Unemployment Rate (%) 6.20 6.8 6.2 5.8 6.5 5.4
Inflation Rate (%) 2.80 3.3 3.5 3.7 3.8 3.9
Interest Rate (%) 4.00 3.75 3.75 3.5 3.5 3.5
Balance of Trade (USD Thousands) -592799.00 -140000 -260000 -240000 -105000 -105000
Current Account (USD Million) -391.80 300 400 280 120 180
Current Account to GDP (%) 0.70 0.2 0.2 0.2 0.2 0.4
Government Debt to GDP (%) 20.20 22.8 22.8 22.8 22.8 22.8
Government Budget (% of GDP) -1.30 -1.5 -1.3 -1.3 -1.5 -1.3
Corporate Tax Rate (%) 10.00 10 10 10 10 10
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 2.40 1.3 1.7 2 2.2 2.9
GDP Annual Growth Rate (%) 2.80 1.5 2.1 2.3 2.5 3.1
GDP (USD Billion) 40.84 43 43 43 43 44
Gross Fixed Capital Formation (Million PYG) 11123477.00 10152319 9383112 11251397 11401564 11755012
GDP per capita (USD) 5394.46 5700 5700 5700 5700 5800
GDP per capita PPP (USD) 12063.00 12700 12700 12700 12700 13000
GDP Constant Prices (PYG Thousand) 50654797.00 54011890 51389465 51440320 52126353 53742270
GDP From Agriculture (PYG Thousand) 2932795861.00 5775413605 4100260892 2966552341 3006115758 3099305346
GDP From Construction (PYG Thousand) 3351278846.00 3044630177 2870460225 3389852066 3435060817 3541547702
GDP From Manufacturing (PYG Thousand) 9843681009.00 10664160728 10465514458 10686226128 10686226128 11092302721
GDP From Services (PYG Thousand) 25255436502.00 25398767132 25048383587 25576639565 25576639565 26548551869
GDP From Utilities (PYG Thousand) 3516102726.00 4181418754 3602785313 3556573068 3604005294 3715729458
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 6.20 6.8 6.2 5.8 6.5 5.4
Minimum Wages (PYG Thousand/Month) 2192.84 2180 2180 2180 2180 2180
Population (Million) 7.05 7.3 7.3 7.3 7.25 7.35
Living Wage Family (PYG/Month) 2556300.00 2556300 2556300 2556300 2438000 2538000
Wages High Skilled (PYG/Month) 4899500.00 5038400 5038400 5038400 5068400 5080400
Wages In Manufacturing (points) 287.50 292 292 292 300 300
Wages Low Skilled (PYG/Month) 2700600.00 2752000 2752000 2752000 2800000 2850000
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 2.80 3.3 3.5 3.7 3.8 3.9
Core Consumer Prices (points) 105.70 107 108 108 110 114
Core Inflation Rate (%) 3.10 3.2 3.5 3.7 3.9 4
Inflation Rate Mom (%) 0.60 0.1 0.2 0.4 0.3 0.4
Producer Prices (points) 124.80 127 126 126 128 131
Producer Prices Change (%) 1.00 2.8 2.6 2.5 2.6 2.9
Food Inflation (%) 3.60 3.3 3.5 3.7 4 3.8
CPI Housing Utilities (points) 105.80 108 109 110 110 114
CPI Transportation (points) 114.00 114 117 118 118 123
Consumer Price Index Cpi (points) 106.10 107 108 109 110 114
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 4.00 3.75 3.75 3.5 3.5 3.5
Deposit Interest Rate (%) 3.94 3.94 3.94 3.94 3.94 3.94
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Thousands) -592799.00 -140000 -260000 -240000 -105000 -105000
Current Account (USD Million) -391.80 300 400 280 120 180
Current Account to GDP (%) 0.70 0.2 0.2 0.2 0.2 0.4
Imports (USD Thousands) 1082743.00 1060000 910000 970000 1070000 1090000
Exports (USD Thousands) 489945.00 580000 650000 730000 750000 750000
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 20.20 22.8 22.8 22.8 22.8 22.8
Government Budget (% of GDP) -1.30 -1.5 -1.3 -1.3 -1.5 -1.3
Government Spending (PYG Million) 6611521.00 6399958 6800160 6687553 6776809 6986890
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 10.00 10 10 10 10 10
Sales Tax Rate (%) 10.00 10 10 10 10 10
Social Security Rate (%) 25.50 25.5 25.5 25.5 25.5 25.5
Social Security Rate For Companies (%) 16.50 16.5 16.5 16.5 16.5 16.5
Social Security Rate For Employees (%) 9.00 9 9 9 9 9
Business Actual Q1 Q2 Q3 Q4 2020
Leading Economic Index (%) 1.50 0.8 1.3 1.7 1.9 2.5
Changes In Inventories (Million PYG) 1874018.00 3223902 -1377 2815129 2815129 2604670
Consumer Actual Q1 Q2 Q3 Q4 2020
Gasoline Prices (USD/Liter) 0.77 0.85 0.87 0.89 0.91 0.91
Consumer Spending (PYG Million) 38693183.00 37797570 38510295 39138155 39660513 40889988


This page has economic forecasts for Paraguay including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Paraguay economy.