Markets Actual Q2 Q3 Q4 Q1 2022
Currency 6760.00 6790 6821 6852 6882 6943

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 11.70 1.7 0.9 2.6 2.6 2.6
GDP Annual Growth Rate (%) 1.00 6 1 3.5 2.7 4
Unemployment Rate (%) 7.20 7.6 7.4 7.3 7 6.9
Inflation Rate (%) 2.50 1.9 2.1 2.5 2.3 2.8
Interest Rate (%) 0.75 0.75 0.75 0.75 1 1.5
Balance of Trade (USD Thousands) 237392.00 -220000 -210000 -105000 -200000 -200000
Current Account (USD Million) 209.80 120 120 180 180 180
Current Account to GDP (%) -1.20 0.4 0.4 0.4 0.4 0.3
Government Debt to GDP (%) 34.20 23 23 23 23 23
Government Budget (% of GDP) -2.80 -2.5 -2.5 -2.5 -2.5 -1.5
Corporate Tax Rate (%) 10.00 10 10 10 10 10

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 11.70 1.7 0.9 2.6 2.6 2.6
GDP Annual Growth Rate (%) 1.00 6 1 3.5 2.7 4
GDP (USD Billion) 38.15 37.7 37.37 37.7 37.7 38.2
Gross Fixed Capital Formation (Million PYG) 14343829.00 12091684 10522578 12647184 14845863 15439698
GDP per capita (USD) 5310.63 5300 5300 5300 5300 5380
GDP per capita PPP (USD) 12684.60 12600 12600 13000 13000 13000
GDP Constant Prices (PYG Thousand) 55373332313.00 53849442 53849442 55895721 55895721 55895721
GDP From Agriculture (PYG Thousand) 3853710426.00 6954960114 4970038394 4231116561 3988590291 4148133903
GDP From Construction (PYG Thousand) 4142925014.00 3458689335 3317061623 3463564923 4287927389 4459444485
GDP From Manufacturing (PYG Thousand) 10912285283.00 10664160728 10465514458 10686226128 10686226128 11092302721
GDP From Services (PYG Thousand) 26974977723.00 25398767132 25048383587 25576639565 25576639565 26548551869
GDP From Utilities (PYG Thousand) 3707894096.00 4448068904 3397447083 5077687359 3837670389 3991177205

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 7.20 7.6 7.4 7.3 7 6.9
Minimum Wages (PYG Thousand/Month) 2192.84 2180 2180 2180 2180 2180
Population (Million) 7.15 7.25 7.25 7.35 7.35 7.45
Wages In Manufacturing (points) 291.00 300 300 300 300 300

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 2.50 1.9 2.1 2.5 2.3 2.8
Core Consumer Prices (points) 109.60 109 108 112 112 112
Core Inflation Rate (%) 3.20 2.9 2.9 3.5 3.5 3.5
Consumer Price Index CPI (points) 109.00 107 109 111 112 114
CPI Housing Utilities (points) 108.00 109 109 110 110 113
CPI Transportation (points) 115.60 114 116 117 119 121
Food Inflation (%) 4.00 1.8 2.8 1.5 1 2.5
Producer Prices (points) 130.60 130 130 133 133 134
Producer Prices Change (%) 4.00 3.7 3.5 3.3 3.3 3.3
Inflation Rate Mom (%) -0.10 0.2 0.3 0.4 0.4 0.4

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.75 0.75 0.75 0.75 1 1.5
Deposit Interest Rate (%) 3.94 3.94 3.94 3.94 4.19 4.19

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Thousands) 237392.00 -220000 -210000 -105000 -200000 -200000
Current Account (USD Million) 209.80 120 120 180 180 180
Current Account to GDP (%) -1.20 0.4 0.4 0.4 0.4 0.3
Imports (USD Thousands) 959633.00 1070000 980000 870000 850000 950000
Exports (USD Thousands) 1197025.00 850000 770000 650000 650000 750000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 34.20 23 23 23 23 23
Government Budget (% of GDP) -2.80 -2.5 -2.5 -2.5 -2.5 -1.5
Government Spending (PYG Million) 9412207.00 7071976 7155318 8796745 9741634 10131300

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 10.00 10 10 10 10 10
Sales Tax Rate (%) 10.00 10 10 10 10 10
Social Security Rate (%) 25.50 25.5 25.5 25.5 25.5 25.5
Social Security Rate For Companies (%) 16.50 16.5 16.5 16.5 16.5 16.5
Social Security Rate For Employees (%) 9.00 9 9 9 9 9

Business Actual Q2 Q3 Q4 Q1 2022
Changes In Inventories (Million PYG) -490527.00 3223902 -1377 2815129 2815129 2604670
Leading Economic Index (%) 0.90 1.3 1.3 2.1 2.1 2.1

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Spending (PYG Million) 41918870.00 40211474 38507571 44674174 43386030 45121472
Gasoline Prices (USD/Liter) 0.73 0.59 0.56 0.65 0.51 0.48


This page has economic forecasts for Paraguay including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Paraguay economy.