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).

GDP Annual Growth Rate in Paraguay averaged 3.20 percent from 1995 until 2019, 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.

GDP Annual Growth Rate in Paraguay is expected to be 1.30 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 2.30 in 12 months time. In the long-term, the Paraguay GDP Annual Growth Rate is projected to trend around 3.10 percent in 2020, according to our econometric models.

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Paraguay GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.80 -3.20 13.70 -7.40 1995 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 05:00 PM Q4 1.2% 1.4% 1%
2019-06-28 05:00 PM Q1 -2% 1% -2.5%
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 2.8% 1.3%


News Stream
2019-09-30
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).

2019-06-28
Paraguay Economy Contracts for 1st Time Since 2012
The economy of Paraguay shrank 2 percent year-on-year in the first quarter of 2019, after expanding a downwardly revised 1 percent in the previous period. It was the first contraction since the last quarter of 2012, as output shrank further for agriculture (-11.9 percent from -8.1 percent in Q4); manufacturing (-2.1 percent from -0.1 percent); livestock, forestry, fishing and mining (-5.6 percent from -3.4 percent vs 3.3 percent); and construction (-3.3 percent from -2.1 percent). Also, output fell for utilities (-12 percent from 1.2 percent) and growth slowed for trade and services (2.6 percent from 3.4 percent). On a quarterly basis, the economy contracted 0.9 percent.

2019-03-29
Paraguay Q4 GDP Growth Weakest since 2016
The economy of Paraguay advanced 1.2 percent year-on-year in the fourth quarter of 2018, slowing from an upwardly revised 1.4 percent expansion in the previous period. It was the weakest growth rate since the first quarter of 2016, mainly due to slowdown in agriculture (0.9 percent vs 5.2 percent in Q3); and services (2.4 percent vs 3.6 percent). Additionally, output shrank in manufacturing (-0.1 percent vs 0.2 percent); and livestock, forestry, fishing and mining (-3.3 percent vs 3.3 percent). Meanwhile, output rebounded in utilities (1.7 percent vs -5.6 percent) and construction activity contracted less (-2.1 percent vs -5.0 percent). On a quarterly basis, the economy grew 0.8 percent. Considering full 2018, the GDP expanded 3.6 percent, easing from a 5.0 percent growth in 2017.


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.