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.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate -0.30 0.4 0.6 1 1 1 percent
Unemployment Rate 7.60 7 8.3 8.4 7.9 7.4 percent
Inflation Rate 4.10 4.2 3.7 4.3 4.2 4 percent
Interest Rate 5.25 5.5 5.5 5.75 6 6.5 percent
Balance of Trade -429774.00 -325000 50000 -195000 -185000 -105000 USD Thousands
Government Debt to GDP 24.10 24.5 35.5 25.3 23.5 22 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 5903.86
5913 5936 5959 5983 6077
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate -0.30
percent
0.4 0.6 1 1 1
GDP Annual Growth Rate 6.20
percent
3.8 3.5 3.5 4.8 3.6
GDP 29.73
USD Billion
27.25 33 33 33 32
Gross Fixed Capital Formation 8994503.16
Million PYG
10339006 9746570 9309311 10507818 11139659
GDP per capita 3905.93
USD
4210 4300 4300 4300 4400
GDP per capita PPP 8827.00
USD
8900 9100 9100 9100 9400
GDP Constant Prices 52767008.78
PYG Thousand
55244849 54802243 54613854 52215681 59523010
GDP From Agriculture 4281670.27
PYG Thousand
3697785 6088063 4431529 2963074 3984142
GDP From Construction 3362327.34
PYG Thousand
3416262 3192223 3480009 3577037 3680817
GDP From Manufacturing 10589803.45
PYG Thousand
11052939 10689043 10960447 10819737 11908879
GDP From Services 24884555.67
PYG Thousand
26834960 24326856 25755515 25126010 28913059
GDP From Utilities 4080931.35
PYG Thousand
4411606 4914032 4223764 3939422 4753241
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 7.60
percent
7 8.3 8.4 7.9 7.4
Minimum Wages 2112.56
PYG Thousand/Month
2110 2110 2113 2113 2250
Population 6.85
Million
6.92 6.94 6.96 6.97 7.13
Unemployed Persons 93052.00
95300 101517 105372 97329 98377
Living Wage Family 2556300.00
PYG/Month
2556300 2438000 2556300 2556300 2438000
Living Wage Individual 1529700.00
PYG/Month
1529700 1529700 1529700 1529700 1529700
Wages High Skilled 4899500.00
PYG/Month
5038400 5038400 4997004 5038558 5068400
Wages In Manufacturing 275.00
Index Points
278 290 283 284 300
Wages Low Skilled 2700600.00
PYG/Month
2752000 2752000 2653777 2657976 2800000
Employed Persons 1126552.00
1133442 1133935 1133648 1133768 1133739
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 4.10
percent
4.2 3.7 4.3 4.2 4
Core Consumer Prices 102.30
Index Points
103 104 105 105 109
Core Inflation Rate 3.00
percent
3.03 3.03 3.04 3.04 3.04
Inflation Rate Mom 0.60
percent
0.39 0.32 0.34 0.33 0.33
Producer Prices 122.20
Index Points
123 125 125 126 131
Producer Prices Change 2.30
percent
2.4 3.2 3.4 3.4 3.3
GDP Deflator 111.37
Index Points
109 110 110 110 112
Food Inflation 2.30
percent
5.5 6 2.69 2.72 6
CPI Housing Utilities 104.00
Index Points
166 105 106 108 179
CPI Transportation 110.50
Index Points
126 107 112 113 136
Consumer Price Index Cpi 102.80
Index Points
162 105 106 106 175
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 5.25
percent
5.5 5.5 5.75 6 6.5
Deposit Interest Rate 3.76
percent
3.76 3.76 4.01 4.26 4.76
Money Supply M0 11535551.00
Million PYG
11575517 11573874 11573437 11573486 11573488
Money Supply M1 27264442.00
Million PYG
27920912 28342894 28752519 29160460 32738524
Money Supply M2 45997740.00
Million PYG
46952066 47748666 48535245 49317850 56179833
Money Supply M3 81286398.00
Million PYG
82517927 83611374 84697638 85774595 94991147
Foreign Exchange Reserves 6522.00
USD Million
6474 6496 6506 6507 6507
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -429774.00
USD Thousands
-325000 50000 -195000 -185000 -105000
Exports 757561.00
USD Thousands
650000 1000000 740000 760000 850000
Imports 1187335.00
USD Thousands
975000 950000 935000 945000 955000
Current Account 344.10
USD Million
-152 150 260 -75 120
Current Account to GDP -1.20
percent
1.3 -1.04 0.93 -0.76 -1.2
Gold Reserves 8.20
Tonnes
8.2 8.2 8.2 8.2 8.2
Terrorism Index 3.60
3.6 3.6 3.6 3.6 3.6
Foreign Direct Investment -54.80
USD Million
103 78.37 68.45 72.35 74.56
External Debt 6223038.00
USD Thousand
5710000 6279536 6280784 6281048 5970000
Capital Flows 97.10
USD Million
108 -93.59 14.71 -46.19 -15.71
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 24.10
percent
24.5 35.5 25.3 23.5 22
Government Budget -1.50
percent of GDP
-1.5 -1.5 -1.5 -1.5 -1.5
Military Expenditure 333.30
USD Million
343 348 353 358 343
Government Spending 5520199.23
PYG Million
7115687 5421556 5713406 5433856 7666726
Government Debt 7789.10
USD Million
8070 8242 8412 8580 9993
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Internet Speed 1375.35
KBps
1332 1333 1333 1333 1333
IP Addresses 206156.00
IP
151963 149682 148157 147093 145167
Leading Economic Index 0.80
percent
3.6 3.7 3.8 3.67 4
Steel Production 2.00
Thousand Tonnes
2.29 2.21 2.21 2.22 2.22
Ease of Doing Business 113.00
100 110 114 119 117
Corruption Index 29.00
Points
29 29 29 29 29
Corruption Rank 135.00
135 135 135 135 135
Changes In Inventories 3349274.51
Million PYG
1540000 1158912 3223902 -1377 2435385
Competitiveness Index 53.38
Points
53.88 53.88 53.88 53.88 56.38
Competitiveness Rank 95.00
95 95 95 95 95
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Gasoline Prices 0.79
USD/Liter
0.78 0.76 0.75 0.74 0.68
Consumer Spending 33207177.23
PYG Million
35858311 33873006 34369428 33959006 38635178
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 10.00
percent
10 10 10 10 10
Sales Tax Rate 10.00
percent
10 10 10 10 10
Social Security Rate 25.50
percent
25.5 25.5 25.5 25.5 25.5
Social Security Rate For Companies 16.50
percent
16.5 16.5 16.5 16.5 16.5
Social Security Rate For Employees 9.00
percent
9 9 9 9 9
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 204.49
mm
121 116 96.27 96.27 93.41
Temperature 27.93
celsius
25.71 26.76 23.8 24.26 23.82



Paraguay - Economic Forecasts - 2018-2020 Outlook