The economy of Paraguay shrank 4.6 percent year-on-year in March 2019, following a 2.8 percent contraction in the previous month. It was the biggest contraction in the economic activity since May 2009, mainly due to a slowdown in agriculture, as soy output was affected by the weather; electricity production due to the water level of Parana River; construction; and manufacturing, of which meat, beverages, oil; chemicals and clothing and footwear, On the other hand, main positive contributions came from services, namely public administration, telecommunication, restaurants and hotels, and financial intermediation. Leading Economic Index in Paraguay averaged 3.70 percent from 1995 until 2019, reaching an all time high of 23 percent in April of 2013 and a record low of -10.30 percent in May of 2009.

Leading Economic Index in Paraguay is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Paraguay to stand at 3.40 in 12 months time. In the long-term, the Paraguay Economic Activity Index YoY Change is projected to trend around 3.10 percent in 2020, according to our econometric models.

Paraguay Economic Activity Index YoY Change
Forecast Data Chart
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Paraguay Business Last Previous Highest Lowest Unit
Internet Speed 1375.35 1426.85 2164.17 180.62 KBps [+]
IP Addresses 206156.00 204289.00 353876.00 22347.00 IP [+]
Leading Economic Index -4.60 -2.80 23.00 -10.30 percent [+]
Steel Production 1.00 1.00 13.00 0.00 Thousand Tonnes [+]
Ease of Doing Business 113.00 108.00 124.00 95.00 [+]
Corruption Index 29.00 29.00 30.00 15.00 Points [+]
Corruption Rank 132.00 135.00 154.00 84.00 [+]
Changes In Inventories 2790773.00 1633523.00 4033731.00 -1962066.00 Million PYG [+]
Competitiveness Index 53.38 52.87 53.38 3.29 Points [+]
Competitiveness Rank 95.00 96.00 124.00 95.00 [+]

Paraguay Economic Activity Index YoY Change

In Paraguay, the Monthly Economic Activity Indicator - IMAEP - is an index that summarizes the activity of different economic sectors in a given month, anticipating the future movements in GDP. The calculation is based on GDP weights for eight economic activities: services (52.2 percent); manufacturing (17.6 percent); agriculture (14 percent); livestock (5.8 percent); construction (5.8 percent; forestry and fishing (2.7 percent); utilities (1.8 percent) and mining (0.1 percent). The index has a base value of 100 as of 1994. This page provides - Paraguay Leading Economic Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. Paraguay Economic Activity Index YoY Change - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-4.60 -2.80 23.00 -10.30 1995 - 2019 percent Monthly
2014=100, NSA

Country Last Previous
Argentina 0.90 May/19
Australia -0.08 May/19
Brazil 0.54 May/19
Canada 0.30 Apr/19
Japan 95.20 May/19
Mexico -1.40 Apr/19
Russia 0.20 May/19
Singapore 109.30 Mar/19
South Africa 0.70 Apr/19
South Korea 114.40 May/19
Turkey 1.73 May/19
United Kingdom 0.30 May/19
United States 127.88 May/19