Paraguay’s GDP expanded 3.5 percent year-on-year in the first quarter of 2020, the same as in the previous period, which was the strongest growth rate since the second quarter of 2018. Output advanced faster for livestock, forestry, fishing and mining (9.6 percent vs 9.2 percent in Q4) and utilities production rebounded (3.2 percent vs -15.2 percent). On the other hand, output slowed for services (2.2 percent vs 4.1 percent); agriculture (12.5 percent vs 17.5 percent); manufacturing (0.3 percent vs 3.4 percent) and construction (9.2 percent vs 11.3 percent). On a seasonally adjusted quarterly basis, the economy grew 0.4 percent.
GDP Annual Growth Rate in Paraguay averaged 3.20 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 July 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 1.20 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.