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.

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Paraguay GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.50 13.70 -7.40 1995 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 05:30 PM Q2 -3% -2.1% -2.8%
2019-12-23 04:20 PM Q3 2.8% -3.2% 2.5%
2020-03-27 05:00 PM Q4 3.5% 2.6% 1.3%
2020-06-26 05:30 PM Q1 3.5% 3.5% 3%
2020-09-25 05:30 PM Q2 3.5% -3.7%
2020-12-22 05:30 PM Q3 -2.9%


News Stream
Paraguay GDP Grows 3.5% YoY in Q1
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.
2020-06-26
Paraguay Economy Expands the Most in Over a Year
The economy in Paraguay advanced 3.5 percent year-on-year in the last quarter of 2019, following a downwardly revised 2.6 percent expansion in the previous period. It was the strongest growth rate since the second quarter of 2018, boosted by agriculture (17.5 percent vs 4.3 percent in Q3); livestock, forestry, fishing and mining (9.2 percent vs 3.1 percent); manufacturing (3.4 percent vs 0.4 percent) and construction (11.3 percent vs 7.2 percent). In contrast, the services sector grew 4.1 percent, slowing from a 4.2 percent expansion in the prior quarter; and utilities output shrank 15.2 percent, faster than a 4.6 percent contraction in Q3. On a seasonally adjusted quarterly basis, the economy grew 1.4 percent.
2020-03-27
Paraguay Economy Returns to Growth in Q3
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).
2019-12-23
Paraguay Economy Contracts the Most in a Decade
Paraguay's gross domestic product shrank 3 percent from a year earlier in the second quarter of 2019, the most since the second quarter of 2009, following a revised 2.1 percent contraction in the previous period. Output fell for manufacturing (-5.6 percent vs -2.1 percent in Q1), utilities (-12.0 percent vs -11.9 percent), construction (-12.0 percent vs -3.3 percent), agriculture (-11.4 percent vs -11.8 percent), and livestock, forestry, fishing and mining (-5.8 percent vs -5.6 percent). By contrast, service activity continued to grow (2.3 percent vs 2.5 percent).
2019-09-30

Paraguay GDP Annual Growth Rate
In the last decade, Paraguay has been one of the fastest growing economies in Latin America mostly due to a rise in exports of agricultural commodities. Shipments of soy, cereals and meat account for more than 65 percent of total exports and for almost a quarter of the GDP. 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.