Paraguay's economy shrank 6.5 percent over a year earlier in the second quarter of the year, following a 4.4 percent growth in the previous period. It was the sharpest contraction since the third quarter of 2020, amid the coronavirus crisis. source: Banco Central del Paraguay
GDP Annual Growth Rate in Paraguay averaged 3.11 percent from 1995 until 2020, 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. Paraguay GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
GDP Annual Growth Rate in Paraguay is expected to be -4.50 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 6.50 in 12 months time. In the long-term, the Paraguay GDP Annual Growth Rate is projected to trend around 2.50 percent in 2021 and 3.10 percent in 2022, according to our econometric models.