The Gross Domestic Product (GDP) in Paraguay expanded 2.40 percent in the third quarter of 2019 over the previous quarter. GDP Growth Rate in Paraguay averaged 0.99 percent from 2008 until 2019, reaching an all time high of 10.70 percent in the fourth quarter of 2011 and a record low of -6.40 percent in the third quarter of 2011.

GDP Growth Rate in Paraguay is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Paraguay to stand at 2.00 in 12 months time. In the long-term, the Paraguay GDP Growth Rate is projected to trend around 2.90 percent in 2020, according to our econometric models.


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Paraguay GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.40 -0.10 10.70 -6.40 2008 - 2019 percent Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 05:00 PM Q4 0.8% -5.2% 4.5%
2019-06-28 05:00 PM Q1 -0.9% 0.8% 0.4%
2019-09-30 05:30 PM Q2 -0.1% -0.9% -1%
2019-12-23 04:20 PM Q3 2.4% -0.1% 0.3%
2020-03-27 05:00 PM Q4 2.4% 0.1%
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Paraguay GDP Growth Rate
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.

Paraguay GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.40 -0.10 10.70 -6.40 percent [+]
GDP Annual Growth Rate 2.80 -3.20 13.70 -7.40 percent [+]
GDP 40.84 39.01 40.84 0.44 USD Billion [+]
Gross Fixed Capital Formation 11123477.00 9673725.00 11941161.00 697807.00 Million PYG [+]
GDP per capita 5394.46 5272.58 5394.46 1364.33 USD [+]
GDP per capita PPP 12063.00 11790.50 12063.00 7617.00 USD [+]
GDP Constant Prices 50654797.00 50704394.00 54672615.00 22132597.00 PYG Thousand [+]
GDP From Agriculture 2932795861.00 4004614763.00 6602282974.00 977159311.00 PYG Thousand [+]
GDP From Construction 3351278846.00 2842787516.00 3351278846.00 975621324.00 PYG Thousand [+]
GDP From Manufacturing 9843681009.00 9563006315.00 10312872990.00 5152598084.00 PYG Thousand [+]
GDP From Services 25255436502.00 25295877828.00 26449726068.00 9992102088.00 PYG Thousand [+]
GDP From Utilities 3516102726.00 3578716500.00 4750708819.00 1981744864.00 PYG Thousand [+]