Paraguay recorded a Current Account surplus of 2.20 percent of the country's Gross Domestic Product in 2020. source: Banco Central del Paraguay

Current Account to GDP in Paraguay averaged -1.27 percent from 1980 until 2020, reaching an all time high of 7.80 percent in 1990 and a record low of -11.60 percent in 1987. This page provides - Paraguay Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Paraguay Current Account to GDP - values, historical data and charts - was last updated on December of 2021.

Current Account to GDP in Paraguay is expected to reach 2.10 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Paraguay Current Account to GDP is projected to trend around 0.50 percent of GDP in 2022 and 0.60 percent of GDP in 2023, according to our econometric models.

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Paraguay Current Account to GDP


Related Last Previous Unit Reference
Balance of Trade -369144.00 -268826.00 USD Thousands Oct/21
Current Account 595.60 161.70 USD Million Jun/21
Current Account to GDP 2.20 -1.20 percent of GDP Dec/20
Imports 1244577.00 1112295.00 USD Thousands Oct/21
Exports 875433.00 843469.00 USD Thousands Oct/21
Remittances 38284.70 37930.10 USD Million Sep/21
External Debt 11022634.00 10995890.00 USD Thousand Sep/21
Foreign Direct Investment 189.50 375.90 USD Million Jun/21
Capital Flows -358.90 214.10 USD Million Jun/21
Paraguay Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.