Markets Actual Q1 Q2 Q3 Q4 2022
Currency 6610.78 6641 6670 6701 6730 6790

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 7.40 1.5 1.7 0.9 2.6 2.6
GDP Annual Growth Rate (%) -1.20 0.5 6.5 3.8 2.5 2.5
Unemployment Rate (%) 7.60 7.7 7.6 7.4 7.3 6.9
Inflation Rate (%) 2.60 1.7 1.9 2.1 2.5 3.5
Interest Rate (%) 0.75 0.75 0.75 1 1.25 2.5
Balance of Trade (USD Thousands) -40240.00 -105000 -320000 -320000 -105000 -105000
Current Account (USD Million) 298.30 120 120 120 180 180
Current Account to GDP (%) -1.20 0.4 0.4 0.4 0.4 0.3
Government Debt to GDP (%) 22.90 23 23 23 23 23
Government Budget (% of GDP) -2.40 -2.5 -2.5 -2.5 -2.5 -1.5
Corporate Tax Rate (%) 10.00 10 10 10 10 10

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 7.40 1.5 1.7 0.9 2.6 2.6
GDP Annual Growth Rate (%) -1.20 0.5 6.5 3.8 2.5 2.5
GDP (USD Billion) 38.15 37.7 37.7 37.37 37.7 38.2
Gross Fixed Capital Formation (Million PYG) 12927938.00 12184185 11818431 11762230 12647184 12647184
GDP per capita (USD) 5310.63 5300 5300 5300 5300 5380
GDP per capita PPP (USD) 12684.60 12600 12600 12600 13000 13000
GDP Constant Prices (PYG Thousand) 49624703832.00 53849442 53849442 53768490107 55895721 55895721
GDP From Agriculture (PYG Thousand) 2961487113.00 4076220194 3892076912 6376189604 4231116561 4231116561
GDP From Construction (PYG Thousand) 3975472556.00 3336767749 3360179442 3359254999 3463564923 3463564923
GDP From Manufacturing (PYG Thousand) 9783424132.00 10664160728 10465514458 10686226128 10686226128 11092302721
GDP From Services (PYG Thousand) 24005594318.00 25398767132 25048383587 25576639565 25576639565 26548551869
GDP From Utilities (PYG Thousand) 3540392306.00 4891798997 3740253927 4340106066 5077687359 5077687359

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 7.60 7.7 7.6 7.4 7.3 6.9
Minimum Wages (PYG Thousand/Month) 2192.84 2180 2180 2180 2180 2180
Population (Million) 7.15 7.25 7.25 7.25 7.35 7.45
Wages In Manufacturing (points) 291.00 300 300 300 300 300

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 2.60 1.7 1.9 2.1 2.5 3.5
Core Consumer Prices (points) 109.60 109 108 109 112 112
Core Inflation Rate (%) 3.40 2.7 2.9 2.9 3.5 3.5
Producer Prices (points) 130.60 130 130 129 133 134
Producer Prices Change (%) 4.50 3.9 3.7 3.5 3.3 3.3
Inflation Rate Mom (%) 0.50 0.3 0.2 0.3 0.4 0.4
Consumer Price Index CPI (points) 108.90 108 107 109 111 115
CPI Housing Utilities (points) 107.30 108 109 109 110 114
CPI Transportation (points) 114.20 116 114 116 117 121
Food Inflation (%) 5.40 0.5 0.8 0.8 1.5 2.5

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.75 0.75 0.75 1 1.25 2.5
Deposit Interest Rate (%) 3.94 4.19 3.94 3.94 4.94 4.94

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Thousands) -40240.00 -105000 -320000 -320000 -105000 -105000
Current Account (USD Million) 298.30 120 120 120 180 180
Current Account to GDP (%) -1.20 0.4 0.4 0.4 0.4 0.3
Imports (USD Thousands) 973352.00 1070000 1070000 1070000 1090000 1090000
Exports (USD Thousands) 688604.00 750000 750000 750000 750000 750000

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 22.90 23 23 23 23 23
Government Budget (% of GDP) -2.40 -2.5 -2.5 -2.5 -2.5 -1.5
Government Spending (PYG Million) 7109585.00 8474706 8258755 6900358 8796745 8796745

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 10.00 10 10 10 10 10
Sales Tax Rate (%) 10.00 10 10 10 10 10
Social Security Rate (%) 25.50 25.5 25.5 25.5 25.5 25.5
Social Security Rate For Companies (%) 16.50 16.5 16.5 16.5 16.5 16.5
Social Security Rate For Employees (%) 9.00 9 9 9 9 9

Business Actual Q1 Q2 Q3 Q4 2022
Leading Economic Index (%) -1.40 0.7 1.3 1.3 2.1 2.1
Changes In Inventories (Million PYG) -1835551.00 3223902 -1377 2815129 2815129 2604670

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Spending (PYG Million) 36616901.00 43038703 40946939 39255261 44674174 44674174
Gasoline Prices (USD/Liter) 0.65 0.59 0.56 0.53 0.51 0.48


This page has economic forecasts for Paraguay including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Paraguay economy.