The Gross Domestic Product (GDP) in Paraguay contracted 8.60 percent in the second quarter of 2020 over the previous quarter. source: Banco Central del Paraguay
GDP Growth Rate in Paraguay averaged 0.79 percent from 2008 until 2020, reaching an all time high of 10.70 percent in the fourth quarter of 2011 and a record low of -8.60 percent in the second quarter of 2020. This page provides - Paraguay GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Paraguay GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
GDP Growth Rate in Paraguay is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Paraguay to stand at 1.70 in 12 months time. In the long-term, the Paraguay GDP Growth Rate is projected to trend around 2.60 percent in 2021 and 2.90 percent in 2022, according to our econometric models.