The Gross Domestic Product (GDP) in Paraguay contracted 8.60 percent in the second quarter of 2020 over the previous quarter. source: Banco Central del Paraguay

GDP Growth Rate in Paraguay averaged 0.79 percent from 2008 until 2020, reaching an all time high of 10.70 percent in the fourth quarter of 2011 and a record low of -8.60 percent in the second quarter of 2020. This page provides - Paraguay GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Paraguay GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

GDP Growth Rate in Paraguay is expected to be 5.00 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 1.70 in 12 months time. In the long-term, the Paraguay GDP Growth Rate is projected to trend around 2.60 percent in 2021 and 2.90 percent in 2022, according to our econometric models.

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Paraguay GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-8.60 0.40 10.70 -8.60 2008 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
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 1.4% 2.4% 0.1%
2020-06-26 05:30 PM Q1 0.4% 1.4% -0.5%
2020-12-22 05:30 PM Q3 -8.6% 5%
2021-03-26 05:00 PM Q4
2021-06-25 05:30 PM Q1
2021-12-22 05:30 PM Q3
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.

Paraguay GDP Last Previous Highest Lowest Unit
GDP Growth Rate -8.60 0.40 10.70 -8.60 percent [+]
GDP Annual Growth Rate -6.50 4.40 13.70 -7.40 percent [+]
GDP 38.15 40.38 40.38 0.44 USD Billion [+]
Gross Fixed Capital Formation 9926960.00 11739499.00 12121468.00 697807.00 Million PYG [+]
GDP per capita 5310.63 5379.58 5379.58 1364.33 USD [+]
GDP per capita PPP 12684.60 12849.90 12849.90 8136.30 USD [+]
GDP Constant Prices 47354063160.00 55541144210.00 55541144210.00 22132596611.00 PYG Thousand [+]
GDP From Agriculture 4688715466.00 6752388460.00 6752388460.00 977159311.00 PYG Thousand [+]
GDP From Construction 3129303418.00 3357950811.00 3446337889.00 975621324.00 PYG Thousand [+]
GDP From Manufacturing 8993445603.00 10117139494.00 10552722392.00 5152598084.00 PYG Thousand [+]
GDP From Services 22547948878.00 25431856059.00 27533991478.00 9992102088.00 PYG Thousand [+]
GDP From Utilities 3205138758.00 4318513499.00 4750708819.00 1981744864.00 PYG Thousand [+]


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.