The Gross Domestic Product (GDP) in Paraguay expanded 2.40 percent in the third quarter of 2019 over the previous quarter. Paraguay GDP Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Growth Rate in Paraguay averaged 0.99 percent from 2008 until 2019, reaching an all time high of 10.70 percent in the fourth quarter of 2011 and a record low of -6.40 percent in the third quarter of 2011. This page provides - Paraguay GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Growth Rate in Paraguay is expected to be 1.30 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 2.20 in 12 months time. In the long-term, the Paraguay GDP Growth Rate is projected to trend around 2.90 percent in 2021, according to our econometric models.

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Paraguay GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.40 -0.10 10.70 -6.40 2008 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 05:00 PM Q4 0.8% -5.2% 4.5%
2019-06-28 05:00 PM Q1 -0.9% 0.8% 0.4%
2019-09-30 05:30 PM Q2 -0.1% -0.9% -1%
2019-12-23 04:20 PM Q3 2.4% -0.1% 0.3%
2020-03-27 05:00 PM Q4 2.4% 0.1%
2020-06-26 05:00 PM Q1 1.3%
2020-09-25 05:30 PM Q2 1.7%
2020-12-22 05:30 PM Q3 2%

Paraguay GDP Growth Rate
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.