Paraguay's GDP expanded 2.8 percent from a year earlier in the third quarter of 2019, rebounding from an upwardly revised 3.2 percent contraction in the previous period. Output recovered for agriculture (3.5 percent vs -12.9 percent in Q2); livestock, forestry, fishing and mining (3.1 percent vs -6.1 percent); manufacturing (0.4 percent vs -5.6 percent) and construction (6.3 percent vs -12.0 percent). In addition services production rose further (4.2 percent vs 2.3 percent) while utilities fell at a softer pace (-4.6 percent vs -12.0 percent).
GDP Annual Growth Rate in Paraguay averaged 3.20 percent from 1995 until 2019, reaching an all time high of 13.70 percent in the first quarter of 2010 and a record low of -7.40 percent in the third quarter of 2000. This page provides - Paraguay GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
GDP Annual Growth Rate in Paraguay is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Paraguay to stand at 2.50 in 12 months time. In the long-term, the Paraguay GDP Annual Growth Rate is projected to trend around 3.10 percent in 2021, according to our econometric models.